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Discontinuation of acceptance of cash by Stock Brokers

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Full Text of the Document

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....rding Mode of Payment and Delivery. 2. Government of India has promoted various means for transfer / receipt of funds through digital mode for encouraging a cashless economy. Financial institutions/ Banks have introduced various modes of electronic payment facility including mobile banking, Unified Payment Interface (UPI) etc. 3. In view of the various modes of payment through electronic means a....

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Full Text of the Document

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.... of stock broker. 4. All other conditions specified in the SEBI circular dated August 27, 2003 shall continue to remain in force. 5. Stock Exchanges are directed to a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above direction immediately; b) bring the provisions of this circular to the notice of their members and also disseminate ....

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