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

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..... adam, This is in continuation of our 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 abolis .....

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..... d out to the extent of the short delivery if the shares cannot be acquired in auction 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 pri .....

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