https://www.taxtmi.com/circulars?id=64356 Stock Exchanges and Clearing Corporations must initiate recovery by liquidating movable and immovable assets of a declared defaulter member, including sale of securities of debit balance clients to the extent of their debit, and commence court proceedings where assets are not in SE/CC possession. Such actions are to be taken within six months of declaration of default. Exchanges and Clearing Corporations must notify members, amend bye laws as needed, and report implementation status monthly to the regulator. en-us Mon, 28 Sep 2020 00:00:00 +0530 Mon, 28 Sep 2020 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64356 Stock Exchanges and Clearing Corporations must initiate recovery by liquidating movable and immovable assets of a declared defaulter member, including sale of securities of debit balance clients to the extent of their debit, and commence court proceedings where assets are not in SE/CC possession. Such actions are to be taken within six months of declaration of default. Exchanges and Clearing Corporations must notify members, amend bye laws as needed, and report implementation status monthly to the regulator. Circulars SEBI Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64356