This is an important update for all customers subscribed to SAMCO's StockPluscustomers. W.e.f. August 31, 2020, SEBI requires that all stocks that are to be pledged for margins should be via the depositories "Margin Pledge" system. You can refer the SEBI circular on margin pledge system here. What does this mean? This means that customers will now need to validate all their pledge and un pledge transactions via an OTP on the CDSL depository system. We wrote a post on how the new margin pledge/unpledge system will work here. Also, all existing pledges will have to be migrated to the new system. Meaning pledges that were done prior to 31st August 2020 will be invalidated. How will the migration process happen? What happens if you don't authenticate the margin pledge as part of the migration process on August 31 2020? In case you don't authenticate the margin pledge, then there shall be 2 implications: W.E.F September 1, 2020, all margin pledges for StockPlus and IntraPlus shall be done via the new margin pledge system.