Margin Trading Facility funding limited to commercial paper and unsecured long term promoter or director loans, subject to compliance. Brokers providing the Margin Trading Facility may borrow funds only by issuing commercial paper, subject to RBI guidelines, or by taking unsecured long term loans from promoters and directors, subject to Companies Act provisions; all other sources are prohibited. Stock exchanges must implement the modification to the earlier circular's borrowing condition, amend relevant rules and notify member brokers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Margin Trading Facility funding limited to commercial paper and unsecured long term promoter or director loans, subject to compliance.
Brokers providing the Margin Trading Facility may borrow funds only by issuing commercial paper, subject to RBI guidelines, or by taking unsecured long term loans from promoters and directors, subject to Companies Act provisions; all other sources are prohibited. Stock exchanges must implement the modification to the earlier circular's borrowing condition, amend relevant rules and notify member brokers.
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