E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Wealth Guide: Real Estate – 5-point guide by expert for buying right home for your family

July 5, 2022

The Warm Glow Of A Luminous Clock

July 5, 2022

UP TGT, PGT Recruitment 2022: Last date of application for 4163 posts extended, check official notification and full details here

July 5, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»All demat accounts maintained by stock brokers must be tagged by June-end, says SEBI circular; no buying, selling from untagged accounts from 1 July
Business

All demat accounts maintained by stock brokers must be tagged by June-end, says SEBI circular; no buying, selling from untagged accounts from 1 July

Paul EasterBy Paul EasterJune 20, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


In order to increase transparency, market regulator Securities and Exchange Board of India (SEBI) has asked stock brokers to tag all the untagged demat accounts by June-end.

In a circular issued on Monday, the market watchdog has directed the stock brokers to tag all the demat accounts in different categories. The above move is with a view to know for what purpose has a demat account been open by the stock brokers.

SEBI has given the brokers time till 30 June to implement the tagging of demat accounts.

If the accounts remain untagged from 1 July, any fresh buying from thse accounts will not be allowed.

However, the shares will get credited as a result of corporate action. The account holders whose accounts remain untagged will also not be able to sell the shares from their accounts.

See Zee Business Live TV Streaming Below:

The exchanges and depositories will have to submit their compliance reports on 1 July and 1 August.

As per the SEBI norms, there are five types of demat accounts that are opened.

Sebi tightens rules on demat accounts.

  1. The proker will now have to categorise demat accounts and tell its purpose.
  2. The tagging of demat accounts must be completed by 30 June.  
  3. Shares could not be added in untagged demat accounts from 1 July.
  4. No impact on addition of shares in connection with the corporate action.
  5. From 1 August, shares could not be sold from untagged accounts.
  6. Exchanges, and depositories must submit their compliance reports by 1 July and 1 August.
  7. Currently, demat accounts opened fall under 5 categories.

5 categories in which demat accounts are opened

– Proprietary Account – for self trading 
– Pool Account – for settlements.  
– Client unpaid securities – for client’s unpaid shares       
– Client securities margin pledge – pledging client shares for margins  
– Client securities under margin funding – funded securities for margin securities





Source link

Paul Easter

Related Posts

Wealth Guide: Real Estate – 5-point guide by expert for buying right home for your family

By Paul EasterJuly 5, 2022

UP TGT, PGT Recruitment 2022: Last date of application for 4163 posts extended, check official notification and full details here

By Paul EasterJuly 5, 2022

Good news for Textile importers! Government extends exemption of import duty and agri cess till 31 October

By Paul EasterJuly 5, 2022

Videsh Mey Nivesh Ke Pathshala: Want to invest in foreign markets? Anil Singhvi explains how to do it

By Paul EasterJuly 5, 2022
Add A Comment

Comments are closed.

Our Picks

Wealth Guide: Real Estate – 5-point guide by expert for buying right home for your family

By Paul EasterJuly 5, 2022

The Warm Glow Of A Luminous Clock

By Paul EasterJuly 5, 2022

UP TGT, PGT Recruitment 2022: Last date of application for 4163 posts extended, check official notification and full details here

By Paul EasterJuly 5, 2022
Recent Posts
  • Wealth Guide: Real Estate – 5-point guide by expert for buying right home for your family July 5, 2022
  • The Warm Glow Of A Luminous Clock July 5, 2022
  • UP TGT, PGT Recruitment 2022: Last date of application for 4163 posts extended, check official notification and full details here July 5, 2022
  • Good news for Textile importers! Government extends exemption of import duty and agri cess till 31 October July 5, 2022
  • Videsh Mey Nivesh Ke Pathshala: Want to invest in foreign markets? Anil Singhvi explains how to do it July 5, 2022
  • FinTech Acquisition Corp Mutually Terminates Merger Agreement With eToro July 5, 2022
  • Arbitrations – Worth the Supposed Savings? July 5, 2022
Archives
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.