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    <title>Time duration for transfer of funds and securities from member to client</title>
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    <description>Members must transfer funds and securities from their Pool account to clients&#039; beneficiary accounts within one working day after the pay out day. Stock Exchanges are directed to amend bye laws, notify members, publish the requirement on websites, and report implementation status in the Monthly Development Report. The directive modifies earlier circulars and is issued under SEBI&#039;s statutory authority to protect investors and regulate the market.</description>
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    <pubDate>Tue, 24 Aug 2004 00:00:00 +0530</pubDate>
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      <description>Members must transfer funds and securities from their Pool account to clients&#039; beneficiary accounts within one working day after the pay out day. Stock Exchanges are directed to amend bye laws, notify members, publish the requirement on websites, and report implementation status in the Monthly Development Report. The directive modifies earlier circulars and is issued under SEBI&#039;s statutory authority to protect investors and regulate the market.</description>
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