Freezing of account


a trading account has been frozen because of CBI/income tax order. Can the broker credit the shares which were purchased before the account was frozen and lying in the pool account to the client's demat account ?

 
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Advocate/ nadeemqureshi1@gmail.com

Dear Harpreet

there is no provision to credit the share

 
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FIN

Since the a/c has been frozen no transaction in the a/c may be allowed, till the order is withdrawn.

You may approach your lawyer as ap.

 
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advocate

Once the accounts are frozen it can not be operated. How ever you can plead with the tribunal to allow any transaction which is genuine

 
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