Circular No. SMD/Policy/Cir-08/2002 dated 16/04/2019

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....circular no. SMD/Policy/Cir-03/2002 dated January 30, 2002 wherein we have issued instructions to the stock exchanges that "no delivery period" on account of book of book-closure/record date for corporate action such as issue of dividend and bonus share in respect of the scrips which are traded in the compulsory dematerialised mode shall be abolished. The stock exchanges have represented that t....

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....tion on cum basis. As per the existing close-out procedure, the mark-up price for such a close-out is 20%. Stock Exchanges represented that since it is a direct close-out, the mark-up price could be reduced to 10%. In view of the above, it has been decided in case of such direct close-out, the mark-up price would be 10%. In the circular dated January 30, 2002 we had also advised about the re....