Can a client ask for the exclusion of their account from settling quarterly?
No,
clients cannot request to be excluded from the quarterly settlement of their
trading accounts. This process is mandated by the Securities and Exchange Board
of India (SEBI), and neither the client nor the broker can opt out of it. The
broker must perform this settlement even if the client wishes otherwise.
For more details, you can refer to
the SEBI circular: SEBI Circular No. SEBI/HO/MIRSD/DOP/P/CIR/2022/101 dated
27th July 2022.: https://www.sebi.gov.in/legal/circulars/jul-2022/settlement-of-running-account-of-client-s-funds-lying-with-trading-member-tm-_61222.html
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