Friday, August 14, 2009

SEBI TO ABOLISH NO-DELIVERY PERIOD FROM AUG

SEBI has decided to abolish the no-delivery period for all types of corporate actions in respect of scrips, which are traded in the compulsory dematerialised mode. The circular will come into effect from August 1, 2009 and will apply to all corporate actions for which the record date or book closure falls on or after August 10, 2009.

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