Recently FMC and commodity exchanges[mcx/ncdex]directed vide a circular to commodity brokers for quaterly settlement of accounts of clients or penalty of 5000/-for non settlement per case. Is it that chq to give for cr bal and get for debit bal in clients ledger & make the ledger nil[zero]at qtr end ? and what to do if a client is having open position ? anybody can explain urgently?
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