Will intraday leverage continue from 1st Aug in Cash Segment?

Some news channels like CNBC are saying that traders will have to provide Var+elm for intraday trades for cash segment.But, sebi circular states that penalty will start from Dec 1.

What is the current status?

@siva @nithin

Irrespective of leverages, you will be able to use money from selling shares only on T+2 day. So intraday will become impossible if you want to do 1+ trades and put all of your capital in one trade at a time