Comment on Consequences of Short delivery - NSE/BSE

Suresh commented on 23 Mar 2016, 01:26 PM

Hi,
This is reg the short selling and auction.
I had bought 3000 shares from NSE and by mistake sold it to BSE – ON THE SAME DAY
Now I got intimation for auction from BSE for 3000 shares as it was a shortage.
Will I have to lose 20% as penalty ? Is there any immediete work around that I can do?

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