25.08.04

 

N O T I C E

Re: Time duration for transfer of funds and securities

from member to client

 

Members are being informed that as per SEBI Circular no MRD/DoP/SE/ Dep/Cir-30/2004 dt 24.08.04 the members shall be required to transfer the funds and securities from their respective pool account to the respective beneficiary account of their clients within 1 working day after the pay out day. This is in partial modification of SEBI Circulars SEBI/MRD/Policy/Cir19/2004 dt 21.04.04 and SMD/Policy/Cir6/2003 dt 06.02.03, The other provisions of the circulars remain unchanged.

Secretary