Abolition of no delivery period for dematerialised scrips and reduced minimum interval between book closures to enhance trading. Abolition of the No Delivery Period for scrips traded in compulsory dematerialised mode removes delivery prohibitions during book closures for dividends and bonus issues while preserving the existing treatment for rights issues. The required minimum interval between successive book closures and record dates under the listing agreement is reduced, and exchanges must amend the listing agreement accordingly. Exchanges are also directed to implement mandatory client-level broker codes in trading software, with non-compliance resulting in prohibition from conducting Modified Carry Forward System and Automated Lending and Borrowing Mechanism sessions.
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Provisions expressly mentioned in the judgment/order text.
Abolition of no delivery period for dematerialised scrips and reduced minimum interval between book closures to enhance trading.
Abolition of the No Delivery Period for scrips traded in compulsory dematerialised mode removes delivery prohibitions during book closures for dividends and bonus issues while preserving the existing treatment for rights issues. The required minimum interval between successive book closures and record dates under the listing agreement is reduced, and exchanges must amend the listing agreement accordingly. Exchanges are also directed to implement mandatory client-level broker codes in trading software, with non-compliance resulting in prohibition from conducting Modified Carry Forward System and Automated Lending and Borrowing Mechanism sessions.
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