https://www.taxtmi.com/acts?id=55319 Payment and settlement through recognised stock exchanges and recognised clearing corporations must follow approved netting or gross procedures under their bye-laws. Such settlements are final, irrevocable and binding on the parties. Once settlement finality arises, the exchange or clearing corporation has priority to appropriate collateral, deposits or margins contributed by a broker dealer, clearing member or client towards settlement or other obligations, ahead of competing liabilities or claims. Finality arises when the payable obligations are determined, whether or not actual payment or delivery has occurred. en-us Tue, 15 Sep 2026 15:35:20 +0530 Fri, 25 Sep 2026 14:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55319 Payment and settlement through recognised stock exchanges and recognised clearing corporations must follow approved netting or gross procedures under their bye-laws. Such settlements are final, irrevocable and binding on the parties. Once settlement finality arises, the exchange or clearing corporation has priority to appropriate collateral, deposits or margins contributed by a broker dealer, clearing member or client towards settlement or other obligations, ahead of competing liabilities or claims. Finality arises when the payable obligations are determined, whether or not actual payment or delivery has occurred. Act-Rules Indian Laws Tue, 15 Sep 2026 15:35:20 +0530 https://www.taxtmi.com/acts?id=55319