Description
BSE announces settlement holiday on January 15, 2026 as declared by Government of Maharashtra under Section 25 of the Negotiable Instruments Act, 1881.
Summary
The Government of Maharashtra has declared January 15, 2026 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. BSE has announced this as a settlement holiday, with revised settlement schedules to be communicated subsequently by Indian Clearing Corporation Ltd.
Key Points
- January 15, 2026 declared as public holiday by Government of Maharashtra
- Declaration made under Section 25 of the Negotiable Instruments Act, 1881
- Designated as settlement holiday for BSE
- Revised settlement schedules will be communicated separately
- Applies to all segments under Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes. This is an administrative notification regarding a public holiday affecting settlement operations.
Compliance Requirements
- Market participants should note the settlement holiday on January 15, 2026
- Await subsequent communication regarding revised settlement schedules for affected segments
- Adjust internal operations and planning to account for the settlement holiday
Important Dates
- January 9, 2026: Notice issued
- January 15, 2026: Settlement holiday (public holiday)
- TBA: Revised settlement schedule communication
Impact Assessment
The settlement holiday will impact clearing and settlement operations across all BSE segments on January 15, 2026. Market participants need to adjust their settlement expectations and cash flow planning accordingly. The actual impact on specific settlement cycles will be clarified in the subsequent circular detailing revised settlement schedules. Trading operations may continue as normal unless separately notified.
Impact Justification
Settlement holiday affects all market participants and settlement schedules across segments but is a routine administrative matter with prior notice