HERE<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"
On July, 16, 2021, SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d after extensive consultations with <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-251470","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\n
SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d\" \/>\n<meta property=\"og:description\" content=\"On July, 16, 2021, SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d after extensive consultations with\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-19T12:00:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-22T04:22:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/SEBI1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/\",\"name\":\"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2021-07-19T12:00:01+00:00\",\"dateModified\":\"2021-07-22T04:22:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/","og_locale":"en_US","og_type":"article","og_title":"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d","og_description":"On July, 16, 2021, SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d after extensive consultations with","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-07-19T12:00:01+00:00","article_modified_time":"2021-07-22T04:22:58+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/SEBI1.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/","name":"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2021-07-19T12:00:01+00:00","dateModified":"2021-07-22T04:22:58+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/19\/sebi-issues-circular-on-block-mechanism-in-demat-account-of-clients-undertaking-sale-transactions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEBI issues Circular on \u201cBlock Mechanism in demat account of clients undertaking sale transactions\u201d"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":222206,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/16\/mapping-of-unique-client-code-ucc-with-demat-account-of-the-clients\/","url_meta":{"origin":251470,"position":0},"title":"Mapping of Unique Client Code (UCC) with demat account of the clients","author":"Bhumika Indulia","date":"November 16, 2019","format":false,"excerpt":"1. Vide SEBI circular no. SEBI\/HO\/MIRSD\/DOP\/CIR\/P\/2018\/153 dated December 17, 2018, Early Warning Mechanism was put in place to detect the diversion of client\u2019s securities by the stock broker at an early stage so as to take appropriate preventive measures. Early Warning circular, inter-alia, specified that Stock Exchanges \/ Clearing Corporations\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":252953,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/19\/sebi-issues-new-guidelines-for-tendering-and-settlement-of-shares-through-stock-exchange\/","url_meta":{"origin":251470,"position":1},"title":"SEBI issues new guidelines for tendering and settlement of shares through stock exchange","author":"Prachi Bhardwaj","date":"August 19, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has issued a circular dated August 13, 2021 stating that a lien shall be marked by the Depositories in the depository system in the Beneficial Owner\u2019s Demat Account for the shares offered in tender offers. \u00a0 Key guidelines are: Every detail of shares\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":268774,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/21\/sebi-issues-circular-for-naming-tagging-of-demat-accounts-by-june\/","url_meta":{"origin":251470,"position":2},"title":"SEBI issues circular for naming \/ tagging of demat accounts by June 30, 2022","author":"Bhumika Indulia","date":"June 21, 2022","format":false,"excerpt":"On June 20, 2022, the Securities and Exchange Board of India has issued a circular requiring all stock brokers to name and tag demat accounts of clients by June 30, 2022. Key points: All demat accounts of stock brokers which are untagged need to be appropriately tagged by June 30,\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":277447,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/14\/sebi-modifies-circular-on-handling-of-clients-securities-by-trading-members-clearing-members\/","url_meta":{"origin":251470,"position":3},"title":"SEBI modifies circular on Handling of Clients\u2019 Securities by Trading Members\/ Clearing Members","author":"Prachi Bhardwaj","date":"November 14, 2022","format":false,"excerpt":"\u00a0 \u00a0 On 11-11-2022, the Securities and Exchange Board of India (\u2018SEBI\u2019) has issued circular revising the Handling of Clients\u2019 Securities by Trading Members (\u2018TM\u2019)\/ Clearing Members (\u2018CM\u2019) which was introduced by SEBI Circular dated 20-06-2019, to streamline the process of handling of unpaid securities by TM\/ CM and also\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":274049,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/09\/20\/19-09-2022-sebicircular-validationinstructions-pay-inofsecurities-clientdemataccount-tradingmember-poolaccount-against-obligations-received-clearingcorporations-protect-interests-investors-securities\/","url_meta":{"origin":251470,"position":4},"title":"SEBI issues circular on Validation of Instructions for Pay-In of Securities from Client Demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations","author":"Bhumika Indulia","date":"September 20, 2022","format":false,"excerpt":"\u00a0 \u00a0 On 19-09-2022, the Securities and Exchange Board of India(\u2018SEBI') issued a circular on validation of Instructions for Pay- In of Securities from Client Demat account to Trading Member (\u2018TM') Pool Account against obligations received from the Clearing Corporations to protect the interests of investors in securities and to\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":225821,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/17\/sebi-develops-an-online-system-for-detecting-misuse-of-clients-securities-by-brokers\/","url_meta":{"origin":251470,"position":5},"title":"SEBI develops an online system for detecting misuse of clients\u2019 securities by brokers","author":"Bhumika Indulia","date":"February 17, 2020","format":false,"excerpt":"In the recent past years, it has been observed that some brokers have misused clients\u2019 securities received as collateral to meet their own settlement obligation or obligations of other clients. Some brokers have also misused clients\u2019 securities by pledging them with the banks and NBFCs to raise funds for their\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/251470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=251470"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/251470\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=251470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=251470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=251470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}