SEBI Revises Pay-Out Timings for Direct Credit of Securities to Clients’ Demat Accounts
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 15 October, 2024
Latest from Taxmann
Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/137; Dated: 10.10.2024
Earlier, SEBI vide circular dated June 5, 2024, mandated Clearing Corporations to credit pay-out of securities to the client account directly, revising pay-out timing from 1:30 PM to 3:30 PM. This ensures securities are credited to clients’ demat accounts on the same trading day instead of one working day from receipt of pay-out from the exchange. The T+1 rolling settlement schedule under SEBI’s Master Circular dated October 16, 2023, also stands revised w.r.t timing of pay-out of securities.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
