Settlement and netting

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..... rdance with the netting or gross procedure as specified in the bye-laws of such recognized stock exchange and recognized clearing corporation, with the prior approval of the Securities and Exchange Board of India. (2) Payment and settlement in respect of a transaction between parties referred to in sub-regulation (1), effected under the bye-laws of a recognized stock exchange or recog .....

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..... ation is final and irrevocable as soon as the money, securities or other transactions payable as a result of such settlement is determined, whether or not such money, securities or other transactions is actually paid. ] ********* Notes 1. Inserted vide Notification No. LAD-NRO/GN/2013-2014/21/6463 dated 02-09-2013 - - statute, statutory provisions legisl .....

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