Rohit AgrawalRohit Agrawal asked 12 months ago
1 Answers
RaviRavi Staff answered 12 months ago

When seller defaults in giving shares, clearing agents go and buy shares in auction market now shares were sold at 120 but in auction market clearing agents go shares for 100 only, so there is profit of Rs 20 this profit is not given to seller but credited to IEPF but if there is loss it will be recovered from seller.

We discussed it in our lecture of stock exchange, about concept of seller default, auction and corresponding profit or loss treatment. So we need to watch, absorb, revise be in touch with content on regular basis.

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