Stock Market Holiday Calendar 2023

Stock Market Holiday Calendar 2023

Sr. NoHolidaysDateDay1Republic DayJanuary 26, 2023Thursday2HoliMarch 08, 2023Wednesday3Ram NavamiMarch 30, 2023Thursday4Mahavir JayantiApril 04, 2023Tuesday5Good FridayApril 07, 2023Friday6Dr.Baba Saheb Ambedkar JayantiApril 14, 2023Friday7Maharashtra DayMay 01,...
SEBI – Refund of Security Deposit by Trading Members: Key Highlights

SEBI – Refund of Security Deposit by Trading Members: Key Highlights

 OVERVIEW
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/MIRSD/FCR/CIR/P/2021/01 issued and publishes dated 06th January, 2021, has published “Refund of Security Deposit” Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Section 10 of the Securities Contract (Regulation) Act, 1956.
 The Circular is issued to :
• The Managing Director/Executive Director,
• All Stock Exchanges

 Aim and vision of this circular:
– to protect the interests of investors in securities, to promote the development of, and to regulate the securities market

 Previous Reference:
This is with reference to the letter MRD/DSA/OW/14347/4/2019 dated June 10, 2019 issued to NSE regarding refund of security deposit and arbitration mechanism after the surrender of membership of Trading Members.