Unique client code requirement: mutual funds and FIIs must use parent code at order entry with post close allocations. Mandate requiring Mutual Funds and Foreign Institutional Investors to enter the parent unique client code at order entry and perform allocation to individual mutual fund schemes and FII sub accounts in the post closing session. Stock exchanges must implement mechanisms to enable such post closing allocations, amend bye laws and rules as necessary, notify member brokers/clearing members, disseminate the circular, and report implementation status in the monthly development report under the regulator's statutory powers.
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.
Unique client code requirement: mutual funds and FIIs must use parent code at order entry with post close allocations.
Mandate requiring Mutual Funds and Foreign Institutional Investors to enter the parent unique client code at order entry and perform allocation to individual mutual fund schemes and FII sub accounts in the post closing session. Stock exchanges must implement mechanisms to enable such post closing allocations, amend bye laws and rules as necessary, notify member brokers/clearing members, disseminate the circular, and report implementation status in the monthly development report under the regulator's statutory powers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
