https://www.taxtmi.com/circulars?id=60620 Brokers and sub brokers must not accept or give cash for client obligations or margins; payments shall be by account payee crossed cheques, demand drafts, direct credit/EFT or other RBI permitted modes, with cash accepted only exceptionally within income tax limits. Securities delivery must be in demat mode directly to or from clients' beneficiary accounts except where delivery to a recognised entity is authorised under an approved exchange or SEBI scheme. Exchanges must amend bye laws, notify members and report implementation. en-us Wed, 27 Aug 2003 00:00:00 +0530 Mon, 29 Apr 2019 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60620 Brokers and sub brokers must not accept or give cash for client obligations or margins; payments shall be by account payee crossed cheques, demand drafts, direct credit/EFT or other RBI permitted modes, with cash accepted only exceptionally within income tax limits. Securities delivery must be in demat mode directly to or from clients' beneficiary accounts except where delivery to a recognised entity is authorised under an approved exchange or SEBI scheme. Exchanges must amend bye laws, notify members and report implementation. Circulars SEBI Wed, 27 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60620