Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default - Extension of timeline for submission of the Undertaking cum Indemnity bond by the Trading members (TMs) / Clearing Members (CMs) for all the bank accounts
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Undertaking cum Indemnity bond deadline extended; exchanges may modify bond and must notify members accordingly. Extension of the deadline for Trading Members and Clearing Members to submit the Undertaking cum Indemnity bond for all bank accounts by one month, with Stock Exchanges and Clearing Corporations required to obtain bank account lists, permit modification of the draft undertaking as needed, and notify and publish the revised requirements; issued under SEBI's regulatory authority to protect investor interests and regulate markets.
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.
Undertaking cum Indemnity bond deadline extended; exchanges may modify bond and must notify members accordingly.
Extension of the deadline for Trading Members and Clearing Members to submit the Undertaking cum Indemnity bond for all bank accounts by one month, with Stock Exchanges and Clearing Corporations required to obtain bank account lists, permit modification of the draft undertaking as needed, and notify and publish the revised requirements; issued under SEBI's regulatory authority to protect investor interests and regulate markets.
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