*No extension from SEBI*
*Important Notice*
SEBI has changed some rules related to margin and trading.
*1)* Buying and selling of shares will Require Upfront margin from now onwards .
Eg : if you want to buy Reliance shares worth 1lakh you must have 20k rs in your account as cash and rest money to be paid within 2 days...
👆🏻 *major Change* if you want to *sell 1lakh worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account* . Failing which penalties will be levied.
👆🏻 *read Carefully* . Selling from holding will also require Upfront margin in cash (Var+ELM)
You can keep extra cash / or can pledge other holdings for the stipulated margin required.
*2)* Shares bought today can be sold Tomorrow provided there is sufficient free margin in clients account
*Eg* You bought Reliance On monday..You can only sell those shares after recieving the delivery of shares. T+2 you can sell in Wednesday or if there is sufficient free margin in your account.
*You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares or having sufficient free margin.*
*3)* Shares Sold Today from delivery..... the funds cannot be used for new trades today.. You can use the funds for new trades the next day
*Eg:*🌟 You sold 10,000rs worth of Reliance's shares today.
👆🏻you cannot use this money to buy fresh shares of other companies. This 10k will be cleared the next day you can use the money next day..
*No changes In options and Futures Rules for Now Till further Notice*
Please note
*All the changes are Made By SEBI ..........brokers are only following the new rules*
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