Taxmann's Analysis | No More Broker Pooling – SEBI's Direct Payout Rule Explained

Download Taxmann's Analysis | No More Broker Pooling – SEBI's Direct Payout Rule Explained PDF Online Free

Author :
Publisher : Taxmann Publications Private Limited
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Taxmann's Analysis | No More Broker Pooling – SEBI's Direct Payout Rule Explained by : Taxmann

Download or read book Taxmann's Analysis | No More Broker Pooling – SEBI's Direct Payout Rule Explained written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses the recent amendment requiring Clearing Corporations (CCs) to transfer securities to client demat accounts directly. The new rule ends the practice of brokers pooling securities before crediting them to client accounts. The article covers the following key aspects: ‣ Mandatory Direct Payout Mechanism ‣ Benefits of the Direct Payout Mechanism ‣ Implementation Timeline ‣ Separate Demat Accounts for Funded Stocks Under Margin Trading ‣ Handling of Internal Shortages and Broker Charges ‣ Conclusion