Update:
SEBI via circular no. CIR/HO/MIRSD/DOP/CIR/P/2019/75 on 'Handling of Clients' Securities by Trading Member/Clearing Members' has specified the manner in which client securities be handled by Stock Brokers. As per the new regulations:
- No broker is allowed to pledge client securities with any NBFC, Bank of any other Financial Institution. Client securities may only be pledged with the Clearing Corporation if the client wants to use securities for margins.
- No broker is allowed to hold back client securities in his own account.
In light of this and as per SEBI's guidelines the types of demat accounts to which securities can be transferred to offer trading margins against pledged stocks has been revised. the accounts to which securities can now be transferred are listed below:
Particulars DP ID Client ID CDSL NSE Pool A/C1208160000000061CDSL BSE Principal A/C1208160000013706CDSL Client Collateral Account1208160025620893CDSL Margin Trading Account1208160025724470CDSL NSE Early Pay-in A/C1100001100019678CDSL BSE Early Pay-in A/C1100001000023629NSDL BSE Pool A/CIN30009511619878NSDL NSE Pool A/CIN30009511496000
Since we at Zerodha do not use the PoA for any purposes other than offering services requested by you, this does not change anything for you. this email is for your information only.
Regards,
Team Zerodha