The National Securities Depository Limited (NSDL) on April 22, 2026, notified regarding the amendment to the Business Rules of NSDL regarding Margin Pledge and Pledge Release/Invocation-cum-transfer.
It has amended Rules 12.16 and 12.19 of its Business Rules concerning Margin Pledge and Auto Pledge for unpaid client securities held with Trading/Clearing Members. Along with the rule changes, updates have also been made to Form 43 (Margin Pledge) and Form 44 (Release/Invocation of Pledge-cum-Transfer) to align with the revised framework.
Participants are advised to ensure compliance with the revised rules governing pledge creation, release, and handling of unpaid securities.
[Notification no. - NSDL/POLICY/2026/0061]
