Dated: 11th April 2005
Members are hereby informed that the Exchange has received a letter from SEBI Ref. No. MIRSD/Fee Cell/AK/37708/2005 Dated 5th April, 2005 on the above subject. The contents of the letter are given here under for information of the members.
Quote:
Deputy General Manager
Securities and Exchange Board of India
Market Intermediaries Regulation and
Supervision Department
MIRSD/FeeCell/AK/37708/2005
April 05 2005
The Executive Director/ Managing Director
All stock Exchange
Dear Sir/Madam,
Sub: Submission of Turnover Details in respect of Brokers for the Financial Year 2004-05
In terms of Circular 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, Schedule III of the SEBI (Brokers and Sub–brokers) Regulations, 1992. You are required to submit the turnover details in respect of brokers in the prescribed manner. You, therefore, advised to submit the turnover details for the financial year 2004-05 in respect of those brokers of the exchange who are liable to pay turnover based registration fees under the Regulations for the financial year 2005-06. Such turnover details must reach SEBI at the latest by June 30, 2005 in 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 2005. 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 2005 based on the Annexure ‘A’ submitted by the
broker 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 2005-06 to SEBI on or before 1st October 2005
Yours faithfully,
(Anita Kenkare)
Unquote:
In view of the above, members are requested to submit their turnover
details in Annexure ‘A’ for the financial year 2004-05 to the Exchange by
31st May 2005 for onward submission to SEBI and further
requested to pay the registration fees payable for the financial year 2005-06
to SEBI on or before 1st October, 2005.
Secretary