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New
Deposit Based Memberships of CSE |
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Deposit Based Membership Manual |
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The Calcutta
Stock Exchange Ltd. (CSE) is admitting Deposit Based Memberships (Trading Memberships).
CSE invites applications from all over India against a
deposit of Rs. 10,00,000 (Rupees Ten lakhs only) on which exposure will be allowed. The
successful applicants would also be subsequently eligible for trading platform of BSE
under CSE – BSE arrangement. Persons
desirous to apply for Trading Membership of CSE may send their applications in writing in
a sealed envelop marked "Offer for Deposit Based Membership" and
addressed to the Managing Director & CEO, The Calcutta Stock Exchange Limited, 7,
Lyons Range, Kolkata - 700 001. The applicants
must note the following terms and conditions: The Trading Member
has only trading rights and no ownership rights of CSE. 1.
The
applications should be complete in the prescribed formats and in all respects. 2.
The specimen
of the application form as well as the other material including the terms and conditions
and salient features of the Trading Membership are available with the Membership
Department / Reception of CSE at 7, Lyons Range, Kolkata – 700 001 3.
The
application form in the prescribed format, complete in all respects should be accompanied
by a Payee`s A/c Demand Draft/Pay Order for Rs. 1,00,000/-(Rupees One Lakh) drawn in
favour of " The Calcutta Stock Exchange Limited". The amount will be utilised as
Membership Admission Fee, for successful applicants. However, an amount of Rs. 10,000/-
(Rupees Ten Thousand only) will be deducted at the time of refund to unsuccessful
applicants. 4.
Applications
can be made by individuals and corporates who are eligible to become a Trading Member of
CSE in accordance with the Rules, Bye-Laws & Regulations of CSE and subject to such
terms and conditions as may be decided by CSE from time to time. 5.
The successful
applicants whose offers are accepted by CSE shall be required to pay the amount of the
deposit within one month from the date of receipt of the letter of acceptance of offer of
the person / corporate for Trading Membership of CSE. In case of failure of payment within
the scheduled time is not received by CSE, the application will be cancelled
automatically. 6.
In addition to
the aforesaid amount of Rs.10 lakhs (interest-free deposit), the Trading Member has to pay
the following amounts: I Base minimum Capital
- Rs.10,00,000/- II Admission
to SGF
- Rs.10,000/- + Service Tax (As applicable) III Membership
Admission Fee - Rs.1,00,000/- IV Annual
Membership
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Rs.6,000/- + Service tax (As applicable) V Any
other amount, so required by CSE Ltd. Plus Service Tax, if applicable. Note: The amount of Rs.10 lacs towards interest free
refundable security deposit will be considered towards utilization for margin (Var, ELM)
only on the day of trade. 7.
Any
trading member who wants refund of Interest Free Deposit of Rs.10 lacs shall be first
required to apply for surrender of trading membership right. Before applying for surrender
of trading membership right, such member shall ensure voluntary closure of business. The
voluntary closure should be at least for a period of 6 months prior to the date of
surrender. it shall be construed as closure of business only after the trading terminals
of the member has remained deactivated for a period of 6 months. On receipt of application
for surrender, the Exchange will give Public Notice in newspaper to enable the investors
/public to lodge claims, if any, against surrendering trading member, giving a period of 3
(three months) from the date of Public Notice. However, this condition would not apply to
the members who have not commenced business or have not activated their trading terminals
at all. Further, the amount of Interest Free Deposit will be refunded only after
recovering outstanding amount if any by CSE and after getting NOC from SEBI. 8.
CSE will be
entitled to accept the applications for Deposit Based Membership on such parameters and
criteria as may be decided by CSE from time to time. 9.
CSE reserves
the right to reject any application without assigning any reason whatsoever. 10.
The decision
of CSE will be final and binding in all respects. For any further
information/clarification, interested applicants are requested to contact the following
officials in CSE: Mr. Tilak Bakshi
– 9836112625
&
Mr. Amar Ch. Sadhukhan – 9748937505 |
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Download
Application Forms for |
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