Hi All ,
I understand for certain transactions / securities Inter-DP transfers (from CDSL to NSDL and vice versa ) is not allowed .
1. I want to know what objective is served by this disallowance.
2. How brokers / exchange protect the rights of securities (like divident/interest payment / its record date / redemption etc) as a result of Inter-DP deals executed on SEs without buyers knowledge and it remains in some pooled accounts not directly associated with buyer.
Does any people have experiences like this ?
I understand for certain transactions / securities Inter-DP transfers (from CDSL to NSDL and vice versa ) is not allowed .
1. I want to know what objective is served by this disallowance.
2. How brokers / exchange protect the rights of securities (like divident/interest payment / its record date / redemption etc) as a result of Inter-DP deals executed on SEs without buyers knowledge and it remains in some pooled accounts not directly associated with buyer.
Does any people have experiences like this ?