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: Stock Brokers to Upstream Client Funds Daily; New Rules for FDRs and Mutual Funds.</h1> The circular from SEBI mandates that stock brokers and clearing members must upstream clients' funds to clearing corporations at the end of each day. Funds can be upstreamed as cash, a lien on fixed deposit receipts (FDRs), or a pledge of mutual fund units. Modifications allow funds received after cutoff times to remain in accounts with a debit freeze until the next day. FDRs must be pre-terminable and have a tenor of no more than one year and one day, with existing FDRs grandfathered until maturity. Key provisions take effect on September 1, 2023, and stock exchanges must inform their members.
TaxTMI 
TaxTMI 
