Implementation of provision regarding Power of Attorney in circular dated February 25, 2020 – Extension.

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....Sir, Subject: Implementation of provision regarding Power of Attorney in circular dated February 25, 2020 - Extension. 1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/88 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System. The provisions of this circular were to come into effect from June 01,....

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....te of the aforesaid provision to August 01, 2020 and align it with the implementation of mechanism of pledge re-pledge through the Depository system. 4. Stock Exchanges, Clearing Corporations and Depositories are directed to bring the provisions of this circular to the notice of their members / participants and also disseminate the same on their websites. 5. This circular is issued in exerci....