Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
SEBI issued a circular mandating an automated process for margin pledge and securities invocation in the depository system. The key modifications include a single-instruction functionality for pledge release during client securities sales and an automated mechanism for invoking margin-pledged securities. For invoked securities, depositories will block them in the client's demat account with pay-in validation, ensuring immediate settlement. In scenarios where client trading accounts are frozen, trading members must sell invoked securities under proprietary codes and complete pay-in on the same day of invocation. The provisions will be effective from September 05, 2025, with depositories required to specify detailed operational guidelines by July 01, 2025, aimed at streamlining margin pledge processes and protecting investor interests.
SEBI issued a circular mandating an automated process for margin pledge and securities invocation in the depository system. The key modifications include a single-instruction functionality for pledge release during client securities sales and an automated mechanism for invoking margin-pledged securities. For invoked securities, depositories will block them in the client's demat account with pay-in validation, ensuring immediate settlement. In scenarios where client trading accounts are frozen, trading members must sell invoked securities under proprietary codes and complete pay-in on the same day of invocation. The provisions will be effective from September 05, 2025, with depositories required to specify detailed operational guidelines by July 01, 2025, aimed at streamlining margin pledge processes and protecting investor interests.
Note: It is a system-generated summary and is for quick reference only.