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When is a book closure badla levied?

badla book closure levied
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When is a book closure badla levied?

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Normally, badla charges are levied on a weekly basis. However, when a company announces the closure of its books (to determine dividends, rights or bonus), the stock enters a no-delivery period for two weeks. In such cases, book closure badla is levied, which is for the two week period.

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