https://www.taxtmi.com/circulars?id=64944 SEBI adopts an optional Block Mechanism whereby clients may block securities in their demat accounts in favour of the Clearing Corporation when placing sell orders; depositories retain blocks until pay-in day and share transfer details with Clearing Corporations to match client level net delivery obligations. If matched, Clearing Corporations grant Early Pay-In benefit and blocked securities move to TM and then CM pool accounts under restricted pool-transfer and inter-settlement rules. If unmatched, blocks are cancelled on T day and securities are freed. Blocked securities are treated as margins deemed collected, removing margin shortfall penalties. en-us Fri, 16 Jul 2021 00:00:00 +0530 Fri, 16 Jul 2021 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64944 SEBI adopts an optional Block Mechanism whereby clients may block securities in their demat accounts in favour of the Clearing Corporation when placing sell orders; depositories retain blocks until pay-in day and share transfer details with Clearing Corporations to match client level net delivery obligations. If matched, Clearing Corporations grant Early Pay-In benefit and blocked securities move to TM and then CM pool accounts under restricted pool-transfer and inter-settlement rules. If unmatched, blocks are cancelled on T day and securities are freed. Blocked securities are treated as margins deemed collected, removing margin shortfall penalties. Circulars SEBI Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64944