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