SEBI has clarified that the block mechanism shall not be applicable to clients having arrangements with custodians registered with SEBI for clearing and settlement of trades.
source https://www.caclubindia.com/articles/sebi-clarification-on-block-mechanism-in-clients-demat-account-47887.asp
source https://www.caclubindia.com/articles/sebi-clarification-on-block-mechanism-in-clients-demat-account-47887.asp
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