Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Mandates Client Codes, System-Calculated Margins for MCFS & ALBM; New Rules for Buy-Back Offers and Trading Facilities.</h1> The Securities and Exchange Board of India (SEBI) convened a meeting with all stock exchanges on January 17, 2001, resulting in several key decisions. Stock exchanges must implement mandatory client codes or face discontinuation of certain trading facilities by specific deadlines. Margins for Modified Carry Forward System (MCFS) and Automated Lending and Borrowing Mechanism (ALBM) will be system-calculated from February 28, 2001. The use of the secondary market for primary issues is guided by SEBI's guidelines, with conditions for using Trade Guarantee Funds. All trades require a minimum margin deposit, and stock exchanges can buy back inactive memberships. Additionally, a separate icon for buy-back offers will be added to trading systems.