SMDRP/Policy/Cir-20/2001

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Full Text of the Document

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....he Stock Exchanges Sir/Madam, It was decided in the meeting of the Group on Risk Management Systems for Equity Market held on March 07, 2001 that all sales transactions effective from March 08, 2001 shall be backed by delivery unless a sale transaction is preceded by a purchase position of at least an equivalent amount in the name of the same client in the same or any other exchange. This wo....