https://www.taxtmi.com/article/detailed?id=9967 SEBI instituted a Penalty for Repeated Delivery Default imposing an additional charge for each instance of repeated default by a buyer or seller, calculated as a proportion of the value of the delivery default. A Repeated Default occurs where delivery defaults happen three times or more within a rolling six month period. Penalties collected shall be transferred to the Settlement Guarantee Fund of the Clearing Corporation. The measure applies to clearing corporations in the commodity derivatives segment and takes effect one month after issuance. en-us Tue, 24 Aug 2021 10:35:46 +0530 Tue, 24 Aug 2021 10:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9967 SEBI instituted a Penalty for Repeated Delivery Default imposing an additional charge for each instance of repeated default by a buyer or seller, calculated as a proportion of the value of the delivery default. A Repeated Default occurs where delivery defaults happen three times or more within a rolling six month period. Penalties collected shall be transferred to the Settlement Guarantee Fund of the Clearing Corporation. The measure applies to clearing corporations in the commodity derivatives segment and takes effect one month after issuance. Articles Corporate Laws / IBC / SEBI Tue, 24 Aug 2021 10:35:46 +0530 https://www.taxtmi.com/article/detailed?id=9967