Revision of Activity Schedule of Auction Session

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....Equity Cash segment (prescribed vide SEBI Circular CIR/MRD/DP/39/2010 dated December 28, 2010 (hereinafter referred to as "the said Circular")) in case of default by the selling broker in a normal settlement, the security delivered short is bought in the auction session (conducted on T+2 day) and is delivered to the buying broker on T+3 day. 2. Based upon suggestions of Clearing Corporations an....

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....ct 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. The Stock Exchanges/Clearing Corporations are advised to: i. put in place the adequate systems and issue the necessary guidelines for implementing the above decision. ii....