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On 25th November 2022, the Securities and Exchange Board of India (SEBI) issued a Circular – SEBI/HO/MIRSD/DoP/P/CIR/2022/162 stating the extension of timelines for the implementation of SEBI Circulars SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2022/137 and SEBI/HO/MIRSD/DoP/P/CIR/2022/119.
Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2022/137, issued by SEBI on 06th October 2022, was in regard to the “Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for Transfer of Securities Toward Deliveries/Settlement Obligations and Pledging/RePledging of Securities – Clarification”. In accordance with this particular Circular, the provisions were to come into effect from 18th November 2022.
SEBI extends the Timelines for the Effective Date of Implementation of Two Previously issued SEBI Circulars
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