Block Mechanism in demat account of clients undertaking sale transactions

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..... transactions 1. SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021 , introduced block mechanism in the demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism. 2. Clause 5 of the circular states the following: 5. The proposed facility of block mechanism is on optional basis and Early Pay-in mechanism shall also .....

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..... e on their websites; b. make necessary amendments to the relevant Bye-laws, Rules and Regulations for the implementation of the above decision. c. communicate to SEBI, the status of the implementation of the provisions of this circular on November 15, 2022 and in their Monthly Development Reports. 8. This circular is issued in exercise of powers conferred under Section 11(1) of the Sec .....

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