As per SEBI guidelines, Angel One needs to mandatorily settle any unutilized funds by transferring them to your bank account on a monthly/quarterly b…

As per SEBI guidelines, Angel One needs to mandatorily settle any unutilized funds by transferring them to your bank account on a monthly/quarterly basis opted by you.

Below are the main points of SEBI’s guidelines:

  • If your trading account balance is more than zero on the settlement date, then the remaining funds post adjustment of the required margins and unsettled obligation will be credited to your bank account. 
  • If your trading account balance is more than zero on the settlement date and no transaction (trading activity) in 30 days, then the funds will be flushed out in a monthly settlement period.
  • With regard to the same, we would like to inform you that SEBI has revised the settlement timeline. W.ef. 01-Oct-2022, the mandatory settlement of any unutilized funds will take place on the first Friday of every month (if you have chosen monthly settlement) or on the first Friday of the next quarter (if you have opted for quarterly settlement). 

    Please refer to the table below to understand quarterly settlement dates. 

    Settlement Days
    1st Friday of July
    1st Friday of October
    1st Friday of January 
    1st Friday of April

    As this is the 2nd quarter of the year and the circular is effective from 01-Oct-2022, the first settlement post the said revision will take place on the 1st Friday of October 2022. 

    Kindly note that if Friday is a trading holiday, such settlement shall happen on the previous trading day.

    To know more about this revision in SEBI settlement dates, refer to the circular.

    Bonus Issue of CHOICEIN

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Choice International Ltd. (Scrip Code: 531358) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Choice International Ltd.CHOICEIN23-Sep22-Sep

    Refer: BSE circular

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent BSE circular, 1 equity share of Leading Leasing Finance & Investment Company Ltd. (Scrip Code: 540360) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Leading Leasing Finance & Investment Company Ltd.LLFICL1:1022-Sep22-Sep

    Refer: BSE circular 

    Bonus Issue of SHUBHAM

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Shubham Polyspin Ltd. (Scrip Code: 542019) is issuing 1 bonus share for every 10 existing shares. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Shubham Polyspin Ltd.SHUBHAM22-Sep21-Sep

    Refer: BSE circular

    Bonus Issue of ECLERX

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, eClerx Services Ltd. (Scrip Code: 532927) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    eClerx Services Ltd.ECLERX22-Sep21-Sep

    Refer: BSE circular

    As per a recent NSE circular, the name and symbol of Redington (India) Ltd. will be changed as follows w.e.f 21-Sep-22. Existing Symbol New…

    As per a recent NSE circular, the name and symbol of Redington (India) Ltd. will be changed as follows w.e.f 21-Sep-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    REDINGTONREDINGTONRedington (India) Ltd.Redington Ltd.

    Refer: NSE Circular

    Bonus Issue of ALPHALOGIC

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, Alphalogic Techsys Ltd. (Scrip Code: 542770) is issuing 1 bonus shares for every 2 existing shares. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Alphalogic Techsys Ltd.ALPHALOGIC21-Sep21-Sep

    Refer: BSE circular

    As per a recent circular, the name and symbol of Sea Gold Aqua Farms Ltd. (Scrip code: 530361) will be changed as follows w.e.f 20-Sep-22. Exist…

    As per a recent circular, the name and symbol of Sea Gold Aqua Farms Ltd. (Scrip code: 530361) will be changed as follows w.e.f 20-Sep-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    SEAGOLDPRABHHANSSea Gold Aqua Farms Ltd.Prabhhans Industries Ltd.

    Refer: BSE Circular

    As per a recent circular, the name and symbol of Amani Trading & Exports Ltd. (Scrip code: 512008) will be changed as follows w.e.f 19-Sep-22.…

    As per a recent circular, the name and symbol of Amani Trading & Exports Ltd. (Scrip code: 512008) will be changed as follows w.e.f 19-Sep-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    AMANITRAEFCILAmani Trading & Exports Ltd.EFC (I) Ltd.

    Refer: BSE Circular

    Bonus issue of GKP

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, GKPPrinting & Packaging Ltd. (Scrip Code: 542666) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    GKP Printing & Packaging Ltd.GKP19-Sep16-Sep

    Refer: BSE circular