Urgent Attention: Clear the Debit Balance or position will be squared off

Dear Sir,

This is in reference to the trading account of the clients wherein debit balance is continuing even after T+5 as a result of which we are unable to transfer the shares to the Demat Account of the client mapped to their trading account and such shares are held with us.

You all are hereby informed that to request the client to clear the debit balance by 24.08.2019 otherwise, the shares which are held by us in our Bene Account will be compulsorily squared off without any further notice and the profit or loss arising out of such sale will be debited/credited to the account of the respective client.

This is for your information that the above action is being taken in view of SEBI Circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019, wherein SEBI has formulated new norms and introduced the concept of compulsorily square off of position of the client if the debit balance of the client is not cleared for T+2+5 days.


In case of any query, you may contact the undersigned.

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