https://www.taxtmi.com/circulars?id=67479 SEBI mandates direct payout of securities by Clearing Corporations to respective clients' demat accounts; funded stocks under margin trading must be held only by pledge in a separate demat account tagged 'Client Securities under Margin Funding Account' and, upon transfer to client accounts, followed by an auto-pledge without specific client instruction. CCs must identify unpaid and funded securities; unpaid securities follow Master Circular processes. Internal shortages from inter se netting are to be resolved through CC-specified auctions with no additional broker charges to clients. Custodian-arranged clients are excluded. en-us Wed, 05 Jun 2024 00:00:00 +0530 Wed, 05 Jun 2024 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67479 SEBI mandates direct payout of securities by Clearing Corporations to respective clients' demat accounts; funded stocks under margin trading must be held only by pledge in a separate demat account tagged 'Client Securities under Margin Funding Account' and, upon transfer to client accounts, followed by an auto-pledge without specific client instruction. CCs must identify unpaid and funded securities; unpaid securities follow Master Circular processes. Internal shortages from inter se netting are to be resolved through CC-specified auctions with no additional broker charges to clients. Custodian-arranged clients are excluded. Circulars SEBI Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67479