Stock market rules 2021 news in hindi: If you invest money in the stock market, then this news is very important for you. Because from 1 June 2021, new rules issued by SEBI will apply. Let’s know everything about them …
SEBI (SEBI-Securities and Exchange Board of India), which takes care of the interests of common investors in the stock market, has announced new rules. These rules will come into effect from 1 June 2021. The third phase of the new margin rules is coming into effect from Tuesday. Traders will have to pay 75% upfront margin. Brokers’ organization ANMI has opposed this. Also, he has asked SEBI to reconsider this decision.
Let us know what are upfront margins? Upfront margin is one of the most commonly used words. This is the minimum amount or security that an investor gives to a stock broker before starting trading. It is recovered before trading in equity and commodity derivatives. Apart from this, brokerage houses also used to give margin to the investor on the basis of total investment to buy shares. This margin was fixed by the brokerage house under the prescribed procedure. Think of it as an investor who has bought shares worth one lakh rupees. Even after this, the brokerage house allows him to buy stocks worth more than one lakh. Apart from this, if there is one lakh rupees in the account, then the brokers allow them to do intraday trading 10 times a day. You can understand it like this. If you have one lakh rupees in your account, then you can buy shares up to 10 lakh rupees in intraday.
What were the rules till now – margins are of two types. One is the cash margin. That is, the amount of money you have given to your broker, how much surplus is there, you can trade in the stock market only. The second is stock margin … In this process, brokerage houses transfer stocks from your demat account to their account and the pledge mark (pledged share) for the clearing house. In this system, if there is any loss in trading above the cash margin, then the clearing house can recover the amount by selling the stock marked pledge. If put in easy words, keep the stock with the brokers, they sell it.
Now what will happen – SEBI has decided margin trading afresh. Till now the investor had less role in pledge system and more of brokerage house. He used to do many things on behalf of the investor. In the new system, the shares will remain in the account of the investor and the clearing house will mark the pledge there. With this, investors will not go to the broker’s account. It will be in your right to decide the margin.
If there is a shortfall of less than one lakh rupees in the margin, then a penalty of 0.5% will be levied. Similarly, a shortfall of more than one lakh will attract a 1% penalty. If the margin shortfalls for three consecutive days or shortfalls for five days in a month, the penalty will be 5%.
SEBI had to bring a new rule as there were problems with the transfer of title (honorship) of the stocks being pledged. Some brokers misused it. The shares will remain in the demat account of the investor, the broker will not be able to misuse these securities or stocks. It will not be possible for them to increase the margin of another client by pledging the stock of one client. The existing pledge shares were in the collateral account of the broker, so the broker used to avail the dividends, bonuses, rights etc. received on it. Now this will not be possible.
Why Brokerage Houses Are Opposing- Broking houses worry about the market and their own turnaround in the cash and derivatives segment. They feel that the daily turnover will be reduced by 20-30%. Clients will have to maintain higher margin in their account and this will also affect their return on investment. Their risk taking ability will also be reduced. This change will hurt not only the brokers but also the government. The revenue received by the government in the form of Security Transaction Tax (STT) will be less.
