Framework for Short Selling

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..... IR/P/2023/171 dated October 16, 2023 issued the Master Circular for Stock Exchnages and Clearing Corporations. Paragraph 10 of Chapter 1 of the Master Circular contains the framework on Short Selling and Securities Lending and Borrowing Scheme . 2. The broad framework for short selling is specified in Annexure 3 of Chapter 1 of the said Master Circular. In this regard, it is mentioned t .....

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..... day trading i.e., square-off their transactions intra-day. In other words, all transactions would be grossed for institutional investors at the custodians level and the institutions would be required to fulfill their obligations on a gross basis. The custodians, however, would continue to settle their deliveries on a net basis with the stock exchanges. 5. The stock exchanges shall frame nece .....

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..... nsaction is a short sale. However, retail investors would be permitted to make a similar disclosure by the end of the trading hours on the transaction day. 9. The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it to the stock exchanges before the commencement of trading on the following trading day. The stock exchanges shall th .....

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..... circular is available on SEBI website at www.sebi.gov.in at Legal Framework - Circulars. Yours faithfully, Hruda Ranjan Sahoo Deputy General Manager Tel no.: 022-26449586 Email: [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI .....

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