Is it compulsory to place the orders for purchase/sale of shares/convertible debentures through the Designated bank?
The orders need not be placed through the Designated Bank. However, the reporting of the transaction shall be done to the Designated Bank on the same day of transaction along with original contract note. However, the payment and receipt of funds in settlement of such trade has to be routed through the Designated Bank account.
Related Questions
- Is it compulsory to place the orders for purchase/sale of shares/convertible debentures through the Designated bank?
- Is it mandatory to place the orders for purchase/sale of shares / convertible debentures through the Designated Bank?
- Is there any limit for purchase/sale of shares/convertible debentures by NRI/OCB in secondary market?
