https://www.taxtmi.com/acts?id=55319 Payment and settlement must follow netting or gross procedures contained in approved bye-laws of recognised stock exchanges and recognised clearing corporations. Such settlements are final, irrevocable and binding once the payable money, securities or other transaction obligations are determined, even without actual payment or delivery. Following finality, rights to appropriate contributed collateral, deposits and margins for settlement or other obligations take priority over other liabilities or claims against trading members, clearing members or clients. en-us Tue, 15 Sep 2026 15:35:20 +0530 Tue, 15 Sep 2026 15:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55319 Payment and settlement must follow netting or gross procedures contained in approved bye-laws of recognised stock exchanges and recognised clearing corporations. Such settlements are final, irrevocable and binding once the payable money, securities or other transaction obligations are determined, even without actual payment or delivery. Following finality, rights to appropriate contributed collateral, deposits and margins for settlement or other obligations take priority over other liabilities or claims against trading members, clearing members or clients. Act-Rules Indian Laws Tue, 15 Sep 2026 15:35:20 +0530 https://www.taxtmi.com/acts?id=55319