https://www.taxtmi.com/circulars?id=61579 TM/CMs must transfer securities received in pay-out for which clients have paid from the pool account to the client's demat account within one working day. Unpaid securities must be moved to a separate client unpaid securities account and either transferred to the client upon payment or sold from the client's UCC within the prescribed trading-day limit, with profits or losses adjusted to the client. Client securities in specified client accounts are prohibited from being pledged or transferred to banks/NBFCs to raise funds; previously pledged securities must be unpledged or returned or disposed after notice within the transition timeline. en-us Thu, 20 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61579 TM/CMs must transfer securities received in pay-out for which clients have paid from the pool account to the client's demat account within one working day. Unpaid securities must be moved to a separate client unpaid securities account and either transferred to the client upon payment or sold from the client's UCC within the prescribed trading-day limit, with profits or losses adjusted to the client. Client securities in specified client accounts are prohibited from being pledged or transferred to banks/NBFCs to raise funds; previously pledged securities must be unpledged or returned or disposed after notice within the transition timeline. Circulars SEBI Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61579