Question
Which of the following regulatory body issues fresh
guidelines Demat Debit and Pledge Instruction to curb misuse of clients’ Power of Attorney?Solution
SEBI came out with fresh guidelines wherein execution of a new document will be made compulsory for transfer of securities towards deliveries and settlements. The guidelines, which will be effective from July 1, also comes against the backdrop of instances of misuse of PoAs. The use of DDPI will be limited only for two purposes -: Forst Purpose is for the transfer of securities held in the beneficial owner account of the client towards stock exchange related deliveries or settlement obligations arising out of trades executed by such a client. Second Purpose is for pledging/re-pledging of securities in favour of the Trading Member(TM)/Clearing Member (CM) for the purpose of meeting margin requirements of the client.
How many countries are included in Paytm’s new UPI service for NRIs using international mobile numbers?
59-minute loan approval scheme for micro, small and medium enterprises (MSMEs) Is of____?
Which prestigious title did The Banker award to the Federal Bank in 2023?
To promote the export of millets, the government orgnaised a day - long 'Millets - Smart Nutritive Food' Conclave in which state / UT?
In ICC Women's World Cup _____ came at the top in “MOST RUNS” table?
A group of countries made a joint agreement to build the India-Middle East-Europe Economic Corridor, which of the following countries is not a part of it?
According to the NSO, which industry contributed significantly to India’s manufacturing GVA in 2022-23?
Where was the 9th National Level Pollution Response Exercise (NATPOLREX-IX) conducted by the Indian Coast Guard, and what was its main objective?
The International Potato Center’s South Asia regional centre will be set up near which Indian city?
What was the theme of World Radio Day 2022?
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