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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSDL - Additional guidelines in respect of Margin Obligations to be given by way of Pledge/Re-pledge in the NSDL Depository System

10-Oct-2025 | NSDL/POLICY/2025/0140

NSDL has issued a circular on Additional guidelines in respect of Margin Obligations to be given by way of Pledge/Re-pledge in the NSDL Depository System. By virtue of this circular, it has been specified that when margin pledges or any other pledge as specified are released or an early pay-in request is initiated from the Pledgee, NSDL Depository can move the securities from the client's account to the Trading Member or Clearing Member account for settlement without any direct instructions from the client. In order to comply with the same, Depository Participants are required to get additional early pay-in details like Market Type, Settlement Number, and clearing member details in a separate Annexure document at the time of executing such release/invocation and early pay-in instructions from the pledgee in addition to release/invocation instructions in Form 43 and Form 44. Kindly refer to the attached document for more information.

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