What happens if the shares are not bought in the auction?
If the shares could not be bought in the auction i.e. if the shares were not offered for sale in the auction, the Exchange squares up the transaction as per SEBI guidelines. The guideline in force stipulates that the transaction is squared up at the highest price on the NSE from the relevant trading period till the auction day or at 20% above the last available closing price on the NSE on the auction day, whichever is higher. The pay-in and payout of funds for auction square up is held along with the payout for the relevant auction.
If the shares could not be bought in the auction i.e. if shares are not offered for sale in the auction, the transactions are squared up as per SEBI guidelines. As per the guidelines in force, the transaction is squared up at the highest price on the NSE from the relevant trading period till the close-out day or at 20% above the last available trading price on the NSE, whichever is higher.
If the shares could not be bought in the auction i.e. if shares are not offered for sale in the auction, the transactions are squared up as per SEBI guidelines. As per the guidelines in force, the transaction is squared up at the highest price on the NSE from the relevant trading period till the close-out day or at 20% above the last available trading price on the NSE, whichever is higher. Top Good and Bad Deliveries What are Good and Bad Deliveries? SEBI has formulated uniform guidelines for good and bad delivery of documents. An exhaustive list of instances of good or bad delivery of documents transfer deed and share certificate is included in the said guidelines. For example, bad delivery may pertain to transfer deed being outdated (date not valid), torn, mutilated, overwritten, defaced; or spelling mistakes in the name of company/transferor or mistakes in writing the folio/certificate/distinctive number etc. What is the recourse available to me if I receive a bad delivery? All bad
A. If the shares could not be bought in the auction i.e. if the shares were not offered for sale in the auction, the Exchange squares up the transaction as per SEBI guidelines. The guideline in force stipulates that the transaction is squared up at the highest price on the NSE from the relevant trading period till the auction day or at 20% above the last available closing price on the NSE on the auction day, whichever is higher. The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction.
If the shares could not be bought in the auction i.e. if the shares were not offered for sale in the auction, the Exchange squares up the transaction as per SEBI guidelines. The guideline in force stipulates that the transaction is squared up at the highest price on the NSE from the relevant trading period till the auction day or at 20% above the last available closing price on the NSE on the auction day, whichever is higher. The pay-in and pay-out of funds for auction square up is held along with the pay-out for the relevant auction.
