Dear Valued Client,
This is with reference to the SEBI circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated 20JUN2019, Regarding the handling of client`s securities by Trading Members / Clearing members. This is to inform you that, with effect from 01OCT2019, if there is an overdue debit balance in client’s trading account for more than T+5days from the date of purchase, the securities shall be squared off by RMS team without any pre-confirmation from the client. No further extension will be provided thereafter.
Hence, you are advised to clear the debit balance in your trading account within stipulated time T+5.
Gill Broking Team
SEBI Circulars complete details available on below links:
Circular 1 – http://bit.ly/2mOqCcn
Circular 2 – http://bit.ly/2mSzRYU