https://www.taxtmi.com/circulars?id=66533 Clients' funds must be upstreamed to Clearing Corporations in cash, by lien on pre-terminable FDRs of tenor not exceeding one year and one day, or by pledge of mutual fund overnight scheme units. Late receipt of client funds is permitted provided those funds are frozen against debit until the next day's upstreaming window and exchanges ensure such balances remain minimal and legitimate. Existing longer-tenor FDRs created before the prior circular may be grandfathered until maturity, with renewals required to meet the revised FDR conditions. en-us Fri, 30 Jun 2023 00:00:00 +0530 Fri, 30 Jun 2023 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66533 Clients' funds must be upstreamed to Clearing Corporations in cash, by lien on pre-terminable FDRs of tenor not exceeding one year and one day, or by pledge of mutual fund overnight scheme units. Late receipt of client funds is permitted provided those funds are frozen against debit until the next day's upstreaming window and exchanges ensure such balances remain minimal and legitimate. Existing longer-tenor FDRs created before the prior circular may be grandfathered until maturity, with renewals required to meet the revised FDR conditions. Circulars SEBI Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66533