Ker. HC Flags Lack of Guidelines for Functioning of Committee Considering Medical Negligence Cases  ||  Kerala HC: Bank Can’t Escape Liability if Negligently Cheque Encashed with Forged Signature  ||  Gau. HC: If Arbitrator Not Appointed within 30 Days, Right to Appoint Doesn’t Forfeit Automatically  ||  Bombay HC: Can’t Presume Misuse if Names of Dead Persons Continue to be in Voters List  ||  MP High Court Allows Production of Whatsapp Chat Obtained Without Consent as Evidence  ||  Kerala HC Issues Directions Banning Use of Single-Use Plastic in the State  ||  Calcutta HC Orders Interim Stay on Preparation of New OBC list by Government  ||  Calcutta HC Commutes Death Sentence of Convict who Committed Rape and Murder of 2.5 Year Old Child  ||  Meghalaya HC Suspends Judgment Passed by Trial Court in POCSO Case  ||  Bombay HC: Can’t Treat Amount of Subsidy Received by Assessee from RBI as ‘Interest’ under IT Act    

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