Short Delivery Penalty - Motilal Oswal

#1
Hello guys,

I did a terrible mistake of not closing my position for Suven 5000 stocks.

I use Motilal Oswal for trading.

Do I have to pay 20% penalty as the broker is saying.

It comes upto 75000/- ?

Please tell me the rules guys.
 

Biswajit Das

Well-Known Member
#2
Hello guys,

I did a terrible mistake of not closing my position for Suven 5000 stocks.

I use Motilal Oswal for trading.

Do I have to pay 20% penalty as the broker is saying.

It comes upto 75000/- ?

Please tell me the rules guys.
trademaster, it is very bad and sad !! you made unimaginative mistake, now no any way u can avoid this loss but your loss will be depending upon at which prices your shares are auctioned....your loss will go to buyer's a/c not broker's a/c.......never short in cash market, it is very danger....!!!! take care
 
#3
trademaster, it is very bad and sad !! you made unimaginative mistake, now no any way u can avoid this loss but your loss will be depending upon at which prices your shares are auctioned....your loss will go to buyer's a/c not broker's a/c.......never short in cash market, it is very danger....!!!! take care
Hi Biswajit,

Thanks for the reply.

I know its a terrible , terrible mistake.

But what I am asking is do I have to pay a penalty of 20% ?
 

pakatil

Well-Known Member
#4
Penalty will be levied only when, Shares can not be bought in Auction Market to complete the delivery.

There is not much you can do. Just sit back and pray. :D
 

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