#TaxmannUpdates #SEBI #Securities #Demat #DirectPayout
The recent SEBI amendment mandates Clearing Corporations (CCs) to transfer securities directly to clients' demat accounts, eliminating the previous practice of brokers pooling securities before crediting them to clients. This include:
‣ Mandatory Direct Payout Mechanism
‣ Benefits of the Direct Payout Mechanism
‣ Implementation Timeline
‣ Separate Demat Accounts for Funded Stocks Under Margin Trading
‣ Handling of Internal Shortages and Broker Charges
Stay updated with SEBI's guidelines to ensure your investments are safe!
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