TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Circular: Brokers Must Use Non-Cash Methods for Securities Transactions, Enforce Demat Delivery for Client Accounts.</h1> The circular issued by SEBI outlines the regulations for transactions between clients and brokers, emphasizing that brokers and sub-brokers must not accept or give cash for securities transactions. All payments must be made through account payee crossed cheques, demand drafts, or electronic transfers. Delivery of securities should be in demat mode directly to or from clients' beneficiary accounts. Exchanges are directed to amend their rules to implement these measures, inform their members, and report the implementation status to SEBI. The circular is issued under the authority of the Securities and Exchange Board of India Act to protect investors and regulate the securities market.
TaxTMI 