Client securities | SEBI differs with stock exchanges, says communique ‘misleading’

The stock exchanges are a bit vague on the question: Can securities held in ‘client unpaid securities account’ be pledged with Clearing Corporations or transferred to Clearing Member for taking up fresh exposure?

from Moneycontrol Business News https://www.moneycontrol.com/news/business/client-securities-|-sebi-differsstock-exchanges-says-communique-‘misleading’_13446621.html