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12 Jul 2018

Fox Mandal Newsletter – Capital Market Weekly Updates

SEBI vide its earlier circular dated August 27, 2003, had released the Mode of Payment and Delivery with regard to transaction between clients and stock brokers. It was stated that brokers and sub-brokers should not accept cash from the client whether against obligations or as margin for purchase of securities and / or give cash against sale of securities to the clients.

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