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July 23, 2009

Zero Balance Deamt Accounts In Three Months

Filed under: Economy — Tags: advisory committee, aim, cheque, clarity, client registration, colours, conformation, debt markets, derivatives, grace period, half a dozen, market segments, registration form, s trading, signatures, three months, trades, year end, zero balance — admin @ 11:28 am

25demat Zero Balance Deamt Accounts In Three Months

SEBI is working on to ensure that the brokers would make sure that the “zero balance” on their client’s trading account, the aim of it would be to prevent misuse of the client’s funds by brokers. The balance cash at the clients account should be given back to the client by way of a cheque with a grace period of one week.
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