In a move to prevent misuse of unpaid client securities, the Securities and Exchange Board of India (SEBI) has issued new guidelines for brokers on the pay-out of such securities. The markets regulator has directed that all securities received in pay-out will have to be transferred to the client’s demat account within one working day from the pool account of trading or clearing members. Shares that a client wants to buy are first transferred to the broker’s account from the clearing corporations.The day a buyer receives the shares from the broker is called the pay-out date. The regulator has asked brokers to open a separate account titled client unpaid securities pledgee account to transfer unpaid securities. The securities that have not been paid in full will be transferred to the client’s demat account followed by the creation of an auto-pledge with the reason ‘unpaid’. Learn Along: SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch A Demat Account or Dematerialized Account provides the facility of holding shares and securities in an electronic format. During online trading, shares are bought and held in a Demat Account, thus, facilitating easy trade for the users. A Demat Account holds all the investments an individual makes in shares, government securities, exchange-traded funds, bonds and mutual funds in one place.
Hump less cattles belongs to the group?
'Rut or Mast' is present in which species of animal ?
What is the pH of freshly down milk ?
Name the breed which is the heaviest breed of cattle, Strong lyre shaped horns, Swai chal is the peculiar feature of that breed and also knows as Proud ...
Castration is the removal of testicles which produce male germ cells. ……………………method of castration is bloodless in which the testicles a...
Feeding extra concentrates to pregnant sheeps is known as………………………
Lethal dose require to reduce the population by half of test animals is known as?
In which type of epithelial tissue the absorption and secretion occur, as in the inner lining of the intestine?
A chicken of 8-10 weeks of age, 1.5 to 2kg weight which is fed so as to utilize it for soft, tender meat is known as___
Chickens have one of the most efficient digestive systems in the animal kingdom, which one is known as true stomach?