What is the Process of auction at Exchange level?

What is the Process of auction at Exchange level?

In case an investor fails to deliver the shares sold in the Rolling Settlement, an auction is conducted of the quantity short delivered/ not delivered on T+1, to meet the obligation of delivery of shares to the buyer. In this auction session, offers are invited from fresh sellers for quantities short delivered.

The Member through whom one has sold the shares is not allowed to offer shares in the scrip for which he has failed to make delivery.

If the seller fails to deliver the shares, penalty will be charges by the Exchange.


    • Related Articles

    • What are auction Settlement Charges?

      >1% Auction settlement charges are levied on auction rate. >In case of Market Auction, Auction rate are provided by Exchange and plus 1% Auction settlement charges is levied on the same. In case of Internal Auction, Auction rate are consider the buy ...

    • What is the meaning of Auction?

      When the seller is unable to deliver the shares, the exchange initiate's an auction to purchase the required quantity of the same share in the auction market and give it to the buyer.

    • How to Change bank details? (offline process)

      You can change/add the bank details offline now by following the below process: 1. Submit “Change in Bank details form” duly filled & signed by holder(s). 2. Copy of Pan card and Aadhar card. 3. Copy of Cheque Leaf where the name(s) of the account ...

    • Why are orders placed by the me getting rejected with reason "Rejected by exchange -Not a valid account/Invalid PAN id?

      Since you have not validated their Email id and Mobile Number through KRA link the trading has been blocked by exchanges due to which orders are getting rejected. Kindly click on link https://www.cvlkra.com/ and enter the Pan number to check KRA ...

    • What is the process to submit a POA/DDPI?

      You can update POA/DDPI using the below steps- Online Process- Log in to https://ttweb.indiainfoline.com/Trade/Login.aspx >> Click on the dropdown arrow at the top right corner >> Profile >> Demat Details >> DDPI Authorization >> Authorize Now ...