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Is it mandatory to place the orders for purchase/sale of shares / convertible debentures through the Designated Bank?

Bank convertible debentures designated mandatory orders purchase sale Shares
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Is it mandatory to place the orders for purchase/sale of shares / convertible debentures through the Designated Bank?

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The orders need not be placed through the Designated Bank. Further, the reporting of the transaction shall be done to the Designated Bank on the same day of transaction along with original contract note. One needs to ensure that the payment and receipt of funds in settlement of such trade has to be routed through the Designated Bank account only.

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