Block Mechanism in demat account of clients undertaking sale transactions - Clarification

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..... ts undertaking sale transactions - Clarification 1. SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2022/595 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. The mechanism was introduced on optional basis. 2. Subsequently, vide circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/109 dated .....

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..... ular. 6. Stock Exchanges and Depositories are directed to: a. bring the provisions of this circular to the notice of their members / participants and also disseminate the same 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 provis .....

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