https://www.taxtmi.com/notifications?id=128880 The amendment requires member brokers to maintain separate bank accounts and distinct books of account for client monies and their own funds, depositing client monies into accounts titled with the word "clients"; specifies what may be paid into and withdrawn from clients' accounts while preserving members' rights such as lien and set-off; mandates segregation and recordkeeping for client securities including those held for sale, pending delivery, transfer, and as margin; sets timelines for delivery and payment and requires issuance of contract notes within twenty-four hours; and authorises members to close out client positions for payment or delivery failures with losses met from the client's margin. en-us Wed, 11 Jan 1995 00:00:00 +0530 Tue, 05 Mar 2019 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128880 The amendment requires member brokers to maintain separate bank accounts and distinct books of account for client monies and their own funds, depositing client monies into accounts titled with the word "clients"; specifies what may be paid into and withdrawn from clients' accounts while preserving members' rights such as lien and set-off; mandates segregation and recordkeeping for client securities including those held for sale, pending delivery, transfer, and as margin; sets timelines for delivery and payment and requires issuance of contract notes within twenty-four hours; and authorises members to close out client positions for payment or delivery failures with losses met from the client's margin. Notifications SEBI Wed, 11 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128880