Extension of deadline for transfer of Clients’ Securities by Trading /Clearing Members – SEBI Circular

Extension of deadline for transfer of Clients’ Securities to their demat accounts by Trading / Clearing Members to 1st October 2019 from 1st September 2019 – SEBI Circular

CIRCULAR

SEBI/HO/MIRSD/DOP/CIR/P/2019/95

August 29, 2019

To
All Recognized Stock Exchanges
All Recognized Clearing Corporations
All Depositories
All Trading Members/Clearing Members through Stock Exchanges/Clearing Corporations
All Depository Participants through Depositories

Madam/Sir,

Sub: Handling of Clients’ Securities by Trading Members/Clearing Members

1. Please refer to SEBI Circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 regarding the captioned subject. Following representations from Stock Exchanges as well as market participants, it has been decided that effective deadline for implementation of guidelines prescribed in clause 5 and clause 8 of the aforesaid SEBI circular shall be extended by one month.

2. Consequently, the date ‘August 31, 2019’ in clause 5 of the circular shall be substituted as ‘September 30, 2019’and the date ‘September 01, 2019’ in clause 8 of the circular shall be substituted as ‘October 01, 2019’.

3. The Stock Exchanges, Clearing Corporations and Depositories are advised to bring the provisions of this circular to the notice of all TM/CM, Depository Participants and also disseminate the same on their respective websites.

4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

5. This circular is available on SEBI website at www.sebi.gov.inunder the categories “Legal Framework”.Yours faithfully,

Rajesh Kumar Dangeti
General Manager

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• Merely because sales were declared for only one month, same cannot be treated as bogus

addition u/s 68 addition u/s 69A ca misconduct cash deposit in bank cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release cgst circular cgst notification cit revision 263 concealment penalty condonation of delay covid-19 custom circular demonetisation due date extension e-way bill faq GST circular GST Council Meeting gst faq gstn advisory GSTR-3B GST rates IBBI ibc income tax penalty itat ITAT Delhi mca circular MCA notification order u/s 119 penalty 271(1)(c) penalty u/s 271(1)(c) Press Release reasons recorded reopening 148 Reopening us 147 Search & Seizure sebi circular unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes