Margin Trading and Securities Lending and Borrowing - Clarification

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..... Sub:- Margin Trading and Securities Lending and Borrowing - Clarification 1. Please refer to the SEBI Circular SEBI/MRD/SE/SU/Cir-15/04 dated March 19, 2004 on the captioned subject. 2. Since the notified date for obtaining the new Unique Identification Number (UIN) by the intermediaries registered with SEBI has been postponed to June 30, 2004 and some intermediaries have informed SEBI tha .....

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..... ttlement shortages. Therefore, pending registration under SLS, the stock exchanges are advised to continue with the existing system for handling settlement shortages. The exact date of implementation of the close-out procedure as per the circular No.15/2004 dated 19th March, 2004 would be decided by NSE in consultation with BSE. 4. The provisions stated under the head Section XI. Arbitration .....

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..... any single client at any point of time shall not exceed 10% of the broker s lendable resource (i.e. borrowed funds for the purpose of margin trading + 50% of net-worth) 6. The other contents of the circular would remain unchanged. Yours faithfully, V S SUNDARESAN - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - .....

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