Funds will be blocked

[siva-reddy]

Can post all queries on this.

You can't now use the proceeds from selling shares for 2 days

The exchanges (NSE and BSE) published these FAQs on margin collection & reporting yesterday. While we can live with most points on the FAQs, there is one big issue that will set the industry back by a couple of decades. According to the FAQs, you cannot use the proceeds from selling your stock holdings to buy other stocks for 2 days from when you sell them. While the broking community is trying to make representations and get the exchanges to reconsider this, we thought all of you should also be…