The Securities and Exchange Board of India (Sebi) has asked stock exchanges to penalise brokers for short collection or non-collection of margins in the equity derivatives segments. The regulator’s move is aimed at resisting payment crises in the wake of high volatility recently. Despite a decline of over 10 per cent in the benchmark equity indices — Sensex of the Bombay Stock Exchange and S&P CNX Nifty of the National Stock Exchange — there has been no payment crisis in the stock markets. One reason for this is that there are no high margins
http://www.business-standard.com/india/news/brokers-to-pay-penalty-for-not-collecting-margin/445499/
