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Company Objections
Company objections are the bad deliveries arising out of rejection of physical securities and/or documents (pertaining to securities) sent to the companies by the buyers for getting them transferred in their names. Clearing Members have been provided the facility for resolving such company objections through ICCL as per the BDC settlement schedule declared by it from time to time and based on the norms for Good/Bad Deliveries formulated by SEBI/BSE/ICCL.


Valuation Price for Bad Delivery

The valuation price for securities which constitute bad deliveries, shall be the closing price of such securities, on the trading day preceding the settlement day unless prescribed otherwise from time to time by the relevant authority. The closing price shall be the price as announced by BSE and the day of valuation shall be the day as decided by ICCL from time to time.

Valuation Price for failure to deliver

The valuation price for securities which were not delivered on the settlement day for securities, shall be the closing price of such securities, on the immediate trading day preceding the pay-in day for the securities unless prescribed otherwise from time to time by the relevant authority. The closing price shall be the price as announced by BSE and the day of valuation shall be the day as decided by ICCL from time to time.