Comment on Consequences of Short delivery - NSE/BSE

chitra commented on 09 Nov 2014, 08:48 PM

This was a first time experience, i did not do what to do so I sold company B and bought shares of company A again with the sale proceeds. Now i get a message from my broker that I have shorted company B since it was not there in my demat acc and will be liable for auction. My doubt is, how did the trade get executed in the first place if shares were not there in my demat account since I had sold my holdings and had not taken margin from the broker. It should have been cancelled right? Agree that I shouldnt have sold them, but is my broker trying to play the game by saying that I have shorted?

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