ca final stock exchange

sir,it is given that “the auditor should verify whether the securities received by the member in the pool account are regularly transferred to the buying clients demat account within 24 hours of declaration of pay out of the relevant settlement of the exchange”..Sir i am getting confused in the settlement mechanism timeline..does it mean if i am a buyer within T+2 DAYS the securities will reach pool account of my stock broker(member) and within 24 hours of that time (i.e. T+3 days)they will reach my account..please clarify entire timeline 

1 answer

Ravi Staff July 31, 2018

please watch above video clip
yes your interpretation is fine, as written above


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