Where the Margin has not been collected by the Member in any of the modes prescribed above, however the same has been reported by the member as margins collected, it would be construed as false reporting to the Exchange/NSCCL.
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KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.