SEBI vide circular dated June 30, 2022 has extended the implementation of Circular on ‘Execution of ‘Demat Debitand Pledge Instruction’(DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re pledging of securities till September 01, 2022. As per the guidelines, PoA will no longer be executed for the two purposes. A client can use the DDPI or opt to complete the settlement by issuing a physical Delivery Instruction Slip (DIS) or electronic Delivery Instruction Slip (EDIS) themselves.
The existing PoAs will continue to remain valid till the time client revokes the same. Thus, the stockbroker and depository participant will not directly or indirectly compel the clients to execute the DDPI or deny services to the client if the client refuses to execute the DDPI.
