What happens if one buys shares on one day and sells the same on the following day and does not get delivery of shares purchased?
The pay-out of the shares purchased takes place on T+3 day. In case, an investor does not receive the shares purchased on account of non- delivery by the seller, he may receive the same in the auction pay-out on T+5 day. In case one has sold the shares on the next day, the pay-in of these shares would become due on T+4 day. This would lead to mismatch in delivery obligations for sale transactions, which became due on T+4 and receipt of the shares purchased via auction would happen on T+5 day. Hence, the sale transaction due on T+4 day would result into a failure and the shares not delivered would be auctioned or closed-out. However, investors should note that the total shortages in the various scrips in the CRS are quite negligible and investors are most likely to get the shares purchased by them on the Pay-out day (T+3) itself. However, it is advisable to sell the shares purchased only after the same have been received by the concerned Member-broker from BSE or have been credited to t
