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Composition of the deposit with subsidiary

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Full Text of the Document

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....aging Director of all the Stock Exchanges Sir/ Madam Composition of the deposit with subsidiary As per circular no. SMD-II/ALLSE/CIR-02/2000 dated January 10, 2000, the separate deposit required to be maintained by the sub-broker of the subsidiary/company was required to be 25% in the form of cash and the balance 75% in irrevocable bank guarantees. SEBI have received representations fr....

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