18/07/2020
Trivedi Nexgen Advisory Services LLP
*New rules applicable in the stock market from August 1, 2020*
• Margin Shortage Penalty will also be applicable in Cash segment.
• Intraday losses and margins in delivery have to be paid in ADVANCE.
Delivery payment has to be made in T + 2 only, but margin has to be kept in advance from now on.
• Even if RTGS of flower payment in the morning on the next day, margin shortage penalty will be levied.
• Soon ... there must be sufficient margin in the account before making any deal otherwise penalty will be levied.
* From August 1, 2020 *
The process of placing the shares in the margin will change.
The value of shares in a demat account cannot be counted in the credit against the margin.
The value of the shares in the broker's margin account is also not counted in the credit against the margin.
• All the shares placed in the margin account of the broker till now have to be released and given in the demat of the client. Then, you have to PLEDGE in favor of the broker.
In doing this PLEDGE, the investor will get OTP SMS from NSDL / CDSL. The process of PLEDGE will be completed only after giving it to the OTP broker and only then the share margin will be credited.
* Important changes made recently *
If an investor buys shares then in two days (T + 2) he gets the stock from the stock exchange. If the investor has made full payment of these shares, it is compulsory to give these shares in Demat within 3 hours. If payment has not been made, it will be kept in the broker's * CUSA (Client Unpaid Securities Account) *. If the investor does not make the payment within 5 days, it becomes necessary for the broker to sell the shares in the market, otherwise the broker will continue to be penalized. So timely payment or compulsory sale of shares will take place.
• If an investor does not make a deal for 15 months (in any segment) then the account will be marked as Inactive. Thereafter, the entire KYC process will be able to re-deal only after work. The process of this RE-KYC can take about 1 to 2 days, so you don't have to process KYC again by trading once in a while.
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