20 August, 2015
The circular dated July 16, 2015 prescribes principles on the basis of which certain trades may be annulled by stock exchanges. These principles inter alia include:
(i) examination of trade may be taken up either suo moto or the request from a stock broker,
(ii) procedure of submission of request by stock broker should be prescribed by the stock exchange, and
(iii) the request should be examined expeditiously, not later than the start of next trading day.
For further information, please contact:
Sawant Singh, Partner, Phoenix Legal
sawant.singh@phoenixlegal.in
