SC: Occasional Delays in Bill Assent Don’t Warrant Fixed Timelines for Governors and President  ||  SC: Occasional Delays in Bill Assent Don’t Warrant Fixed Timelines for Governors and President  ||  Supreme Court Rejects Challenge to ?3,500 Fee for All India Bar Examination  ||  SC: NCLT Can Probe Fraud Allegations & Document Validity in Oppression and Mismanagement Cases  ||  SC: Clause Limiting Interest on Delayed Payments Doesn’t Bar Pendente Lite Interest under A&C Act  ||  Supreme Court: Couple Seeks Criminal Action against Private Hospital for Alleged Baby Swapping  ||  Calcutta HC: Ramkrishna Mission Can’t Reject Professor’s Appointment Solely over Online Opinions  ||  Calcutta HC Rejects PIL Requesting CBI Investigation in 15-Year Caste Certificate Fraud Allegations  ||  NCLT: Successful Bidder of Corporate Debtor Not Exempt from Statutory Compliances  ||  Raj. HC: No Jurisdiction on DRT to Modify Settlement Terms in Appli. Filed after Disposal of Matter    

SEBI clarifies on reports regarding T+0 settlement cycle- (Securities and Exchange Board of India) (31 Jul 2024)

MANU/SPRL/0014/2024

Capital Market

At an NSE event on July 30, 2024 the SEBI Chairperson released a report on "Indian Capital Markets: Transformative shifts achieved through technology and reforms". The Report referred to potential annual benefit of Rs. 2,800 crore if ASBA for secondary market were to be adopted fully by retail investors.

In this context, a question was posed to the SEBI Chairperson on the ASBA facility being optional due to which retail investors still do not have access to this facility despite such significant potential savings. To this question, the SEBI Chairperson replied that, to begin with, perhaps SEBI might take a proposal to its Board to make it mandatory for the Qualified Stock Brokers to offer ASBA as an option to their clients. The Chairperson emphasised that the option as to whether to use ASBA for their trading shall still remain with the clients.

This has been erroneously reported in a section of the press as "SEBI bats for making T+0 system mandatory for all".

Tags : REPORTS   T+0 SETTLEMENT CYCLE   SECONDARY MARKET  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved