Dated: 24th March, 2004

NOTICE

Re. Submission of Turnover Details in respect of Brokers for the Financial Year 2003-04

Members are hereby informed that the exchange has received a letter from SEBI ref. No.MIRSD/DR-1/AK/4850/2004, dated 10th March, 2004 on the above subject. The contents of the letter are given here under for information of the members.

Quote :

Sub : Submission of Turnover Details in respect of Brokers for the Financial Year 2003-2004

In terms of the Circulars No.SMD/POLICY/Cir-07/2002 dated March 28,2002 and circular No.SMD/ POLICY/Cir-25/19058/2002 dated September 30,2002 read with Regulation 10,Schudule III of the SEBI (Brokers and Sub-Brokers) Regulations,1992, you are required to submit the turnover details in respect of brokers in prescribed manner. You are, therefore, advised to submit the turnover details for the financial year 2003-04 in respect of those brokers of the Exchange who are liable to pay turnover based registration fees under the Regulations for the financial year 2004-05. Such turnover details must reach SEBI at the latest by June 30, 2004 in the Annexure -‘C’ of the Circular No.SMD/POLICY/Cir-25/19058/2002 dated September 30, 2002 .

As required under the said Circular, you are required to obtain the break up of the turnover from the brokers in the Annexure – ‘A’. You are, therefore, advised to advise the brokers to submit the Annexure –‘A’ to the Exchange well in advance so that you can submit the Annexure – ‘C’ to SEBI by 30th June,2004 . You are advised to inform the brokers that in case a broker does not submit the Annexure – ‘A’ by the specified time to the Exchange , it would be presumed that his turnover does not include any of the transactions eligible for concession and the Exchange would submit total turnover in Annexure – ‘C’ as per its records to SEBI . You are advised to submit Annexure – ‘C’ to SEBI by 30th June , 2004 based on the Annexure – ‘A’ submitted by the brokers and / or on Exchange records, as the case may be .

You are also advised to advise the brokers to pay the registration fees payable for the financial year 2004-05 to SEBI on or before 1st October 2004 .

Yours faithfully,

(M. S. Sahoo)

Unquote :

Members are requested to submit the Annexure – ‘A’ for turnover details for the financial year 2003-04 to the Exchange by 31st May , 2004 for onwards submission to SEBI and further requested to pay the registration fees payable for the financial year 2004-05 to SEBI on or before 1st October , 2004 .

 

 

Secretary