Block Mechanism in demat account of clients undertaking sale transactions

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..... rcular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021, introduced block mechanism in the demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism. 2. Clause 5 of the circular states the following: "5. The proposed facility of block mechanism is on optional basis and Early Pay-in mechanism shall also continue." 3. Pursuant to extensive co .....

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..... the relevant Bye-laws, Rules and Regulations for the implementation of the above decision. c. communicate to SEBI, the status of the implementation of the provisions of this circular on November 15, 2022 and in their Monthly Development Reports. 8. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, and Section 19 .....

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