Why Is Authorization Required for Sell Transactions?

Why Is Authorization Required for Sell Transactions?

Equity delivery-based trading in India follows a T+1 settlement cycle:

If you buy shares on Monday (T day), they are credited to your Demat Account on Tuesday (T+1 day).

If you sell shares on Monday (T day), you must authorize the transaction on CDSL using TPIN by T+1 day to ensure successful delivery.

What Happens If You Don’t Authorize?
If you fail to authorize the sell transaction, your shares won’t be transferred to the Exchange, leading to Short Delivery, which can result in penalties or auction settlement.

Example:
If Client A buys 10 shares of TCS from Client B, but Client B doesn’t authorize the delivery on CDSL, the Exchange considers it a Short Delivery and takes necessary actions.

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Standard Warning/ Disclaimer: Investments in securities market are subject to market risks, Read all the related documents carefully before investing.

Attention Investor:

# Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors.
# KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
# No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
# Update Your Nomination - Ensure the security of your investments by updating your nominee details in your Trading & Demat Account online 👉 Click Here to Update 👈
# PRO TRADING INTIMATION: WE Confirm that Raghunandan Capital Private Limited is also Engage in Pro Trading( in Equity, Cash, Future & Options along with Commodity Futures & Options) in addition to trading of clients.

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