During trading and settlement procedure it is compulsory to settle all trades within 2 days of the trade date i.e., on a T+2 basis since ___________.

2003

The correct answer is option (1) : 2003

The requirement to settle trades within 2 days of the trade date, on a T+2 basis, was implemented in the Indian stock market in:

3. 2003

The T+2 settlement cycle was introduced in India to shorten the settlement period and make the stock market more efficient. Prior to this change, the settlement cycle was T+3, meaning trades had to be settled within 3 days of the trade date.