https://www.taxtmi.com/acts?id=38115 Regulation 44A requires payment and settlement for transactions through a recognized stock exchange and clearing corporation to follow netting or gross procedures specified in their bye laws with SEBI approval; such settlements effected under those bye laws are final, irrevocable and binding once determined. The exchange or clearing corporation has priority to appropriate collaterals, deposits or margins of trading members, clearing members or clients towards settlement or other obligations in accordance with bye laws, and settlement is final when payable obligations are determined irrespective of actual payment. en-us Tue, 24 Dec 2019 10:12:35 +0530 Tue, 24 Dec 2019 10:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38115 Regulation 44A requires payment and settlement for transactions through a recognized stock exchange and clearing corporation to follow netting or gross procedures specified in their bye laws with SEBI approval; such settlements effected under those bye laws are final, irrevocable and binding once determined. The exchange or clearing corporation has priority to appropriate collaterals, deposits or margins of trading members, clearing members or clients towards settlement or other obligations in accordance with bye laws, and settlement is final when payable obligations are determined irrespective of actual payment. Act-Rules SEBI Tue, 24 Dec 2019 10:12:35 +0530 https://www.taxtmi.com/acts?id=38115