April 28, 2005
N O T I C E
Re: Base
Minimum Capital
Members’ attention is hereby invited to SEBI’s circular
No.SMD/SED/RCG/270/96 dated 19th January, 1996 read with Circular
No.SMD/RP/Policy/Cir-19/99 dated 2nd July, 1999 and Circular
No.SEBI/SMD/SE/Cir-22/2003/11/06 dated 11th June, 2003 in respect of
Base Minimum Capital to be maintained by the members with the Exchange. Since
the payment crisis in March 2001 conditions enjoined in these circulars could
not be strictly adhered to though SEBI has been repeatedly urging for strict
compliance of those circulars
Hence members are informed that provisions of the above circulars shall
be strictly enforced in respect of all members particularly the active trading
members with effect from 10th May,2005. It may please be noted that
thereafter no member will be allowed to trade in this Exchange if he/they
does/do not satisfy the conditions of the above referred circulars.
Members are requested to
take note of this and act accordingly.
(Secretary)