PLEDGE INVOCATION - 1. On repayment default, pledgee send an invocation notice to pledgor, 2. Pledgee submits a pledge invocation request to DP. DP forwards the request to the pledgor's DP through the depository system, 3. Securities move automatically from pledgor's account through the depository system, 4. Pledgor is informed of the movement of the securities by his DP.
Reasons for Pledge Rejection -1. Closure date not accepted, 2. Pledged quantity not accepted, 3. ISIN not accepted, 4. Security details not accepted, 5. Market value of pledged ISINs insufficient, 6. ISIN delisted from trading, 7. POA not received from all holders, 8. Holders not acceptable to the pledgee, 9. Agreement number differs from that on the agreement
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, requires promoters of a company to disclose details of their encumbered shares including Non-Disposal Undertaking (NDUs) by promoters which are covered under the scope of disclosures of 'Encumbrances'.
Margin Pledge', for pledging client's securities as margin to the TM / CM in the Depositories System. The TM / CM is required to open a separate demat account for accepting such margin pledge, which shall be tagged as 'Client Securities Margin Pledge Account'
Corporate actions are events, which affect the rights, obligations and/or interests of the BO of securities held in a depository,
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