Both CDSL and NSDL had searched extension for completing system elevation.
“Sebi has received representation from depositories (CDSL and NSDL) to extend the time to carry out system developments and to guarantee system elevation by performing end-to-end tests. Based on the same and to guarantee a smooth implementation without any disturbance of the market players and investors to be expanded from the marketing players, from the marketing players, from the investment players, from the investment players, from the investment players, from the investment players from the investment players, 2025, “Sebi Circular Today, said.
The circular has trade fairs, deposits and clearing companies aimed at stock fairs, are instructed to bring the provisions of this circular to the notification of their members/participants and also to spread the same on their websites.
It has also asked them to set up appropriate systems and procedures to ensure compliance with the provisions of this circular, while the necessary changes are made to the rules.
In the context of the framework, SEBI has introduced a mechanism in which the effects of customers are blocked upon invocation for early infringement of the customer’s Demat account. The relocation will reduce the chances that brokers for abusing effects while they have guaranteed a clear transaction path. Electronic instructions for processing non-places and delivery, because the system automatically validates the pay-in for the degree of obligation of the customer.
(With input from agencies)
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