Basis for clearing and settlement of deals and settlement of obligations are specified as under:
Only FIIs shall be permitted to place sell orders. Buy orders can be placed by FIIs, DFIs, Banks, Mutual Funds, Insurance Companies, Pension Funds and such other institutions as may be approved from time to time. Where RBI has stipulated collective limits for FIIs, NRIs, and PIOs etc. in certain securities, these entities shall be permitted to place orders on both buy and sell sides.