What if the shares that are not allowed to be sold under PINS are sold under PINS?
Once these selling transactions are reported to PINS department of the Bank, bank matches them against the purchase transactions for the same shares in the past. If there is no such purchase transaction in the past, then the sell transaction is not captured under PINS. Note: On ICICIdirect, system will itself not allow selling of those shares under PINS which are not acquired under PINS.
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