If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
If you do trading in the stock market and have an account, then this news is of your use. Now its rules are going to change from July. SEBI has given time till June 30 to brokers to implement tagging of demat accounts. If the accounts remain untagged since July 1, no new purchases will be allowed from these accounts. However, the shares will be credited as a result of the corporate action. Account holders whose accounts will remain without the tag will also not be able to sell shares from their accounts.
Exchanges and depositories are required to submit their compliance reports on July 1 and August 1. Capital markets regulator Sebi on Monday said all demat accounts of stock brokers, which are untagged, need to be properly tagged by the end of June. Deposit of securities in any demat account without tag will not be allowed with effect from 1st July. However, the Securities and Exchange Board of India (SEBI) in a circular said that credit will be allowed on account of corporate actions.
Tagging of bank and demat accounts indicating the purpose for which those bank/demat accounts are being maintained and reporting of such accounts to stock exchanges/depositories. SEBI further said that from August, debit of securities will also not be allowed in any demat account without tag.
The stock broker will have to take permission from the stock exchanges to allow tagging of such demat accounts from August 1 and the exchanges in turn will have to give such approval within two working days after imposing the penalty as per their internal policy.
Presently, stockbrokers are required to maintain demat accounts only under five categories – Proprietary Account, Pool Account, Client Unpaid Securities, Client Securities Margin Pledge Account and Client Securities under Margin Funding Account. Under the rules, it is voluntary to designate the demat accounts owned by the stock broker as ‘Stock Broker Proprietary Accounts’ and the accounts which are not tagged will be treated as proprietary.
understand at a glance
SEBI tightens rules on demat accounts. The promoter will now have to classify the demat accounts and specify the purpose.
Tagging of demat accounts will have to be completed by June 30.
Shares cannot be added to demat accounts without tags from July 1.
– No effect on increase in shares in connection with corporate action.
From August 1, shares could not be sold from untagged accounts.
Exchanges and depositories will have to submit their compliance reports by July 1 and August 1.
5 Categories in which Demat Accounts are Opened
– Proprietary account – for self trading
– Pool account – for settlements.
– Client’s unpaid securities – for Client’s unpaid shares
– Client securities Margin Pledge – Pledge of client shares for margin
– Client securities under margin funding – Securities funded to margin securities
Posted By: Navodit Saktawat
