6th April,2005

 

N O T I C E

 

 

Members of the Exchange are hereby informed that henceforth all active members of the Exchange shall be required to submit the net worth of the individual/partnership firm as per the format given in Annexure A enclosed and of the corporate entity as per the format given in Annexure - B enclosed. The net worth report in the prescribed form shall be submitted, duly certified by the auditor of the concerned member firm/corporate entity, on a quarterly basis to the Exchange. The first such report will start from the quarter ending 31st March,2005 and the same shall be submitted within one month from the end of each quarter.

 

 

 

Enclo.Annexure A & B

 

(Secretary)

 

 

 

Annexure - A

 

A) Statement of networth for an individual/partnership firm :

 

Sr.#

Particulars

Rs.

Rs.

Rs.

 

 

 

 

 

1.

Listed (Quoted) Investments (Not pledged)

 

 

2.

Market value of listed (quoted) securities (other than Government) in the name of member (forming part of the Balance Sheet)

X

 

 

3.

Margin of 30% on Market value of listed (quoted) securities (other than Government) i.e. 30% of 2

X

 

 

4.

Net value of listed (quoted) Investments (other than Government i.e. 2-3

 

X

 

5.

Bonds/Government Securities (Not pledged)

 

 

 

6.

Market value of listed (quoted) securities (Government) in the name of member (forming part of the Balance Sheet)

X

 

 

7.

Margin of 10% on Market value of listed (quoted) securities (Government) i.e. 10% of 6

X

 

 

8.

Net value of listed (quoted) Investments (Government) i.e. 6-7

 

X

 

9.

Other Investments at cost

 

 

 

10.

Fixed deposits (Other than deposited to CSE including membership card)

 

X

 

11.

Public Provident Fund (50% of the investment provided if it is more than three years standing)

 

X

 

12.

Total Net Investments (4+8+10+11)

 

X

 

13.

Receivables which are less than 3 months old

 

X

 

14.

Loans, Advances and Deposits

 

 

 

15.

Loans and advances excluding loans and advances given to associates and related entities

 

X

 

16.

Deposits excluding non-refundable deposits

 

X

 

17.

Cash & Bank Balance

 

X

 

18.

Other Liquid Assets, if any, (specify), which are used for the purpose of business

 

X

 

19.

Total Assets (12+13+15+16+17+18)

 

 

X

20.

Current liabilities

 

 

 

21.

Long Term liabilities

 

 

 

22.

Total liabilities (20+21)

 

 

X

23.

Net Worth (19-22)

 

 

X

 

 

 

 

Annexure - B

 

 

B) Networth for a Corporate Entity :

 

Paid-up capital

 

X

 

Add : Free Reserves

 

X

 

Total

 

 

X

Less : Non-allowable assets viz. Non-allowable

assets :

 

 

 

Fixed assets including Land and Building

X

 

 

Receivables which are due and outstanding for more than three months

X

 

 

Doubtful Debt/Advances

X

 

 

Pledged securities

X

 

 

Total non-allowable assets

 

X

X

Net worth

 

 

X

 

Notes :-

 

 

 

1.

The following non-allowable assets should not be included in any head, while computing the networth

 

 

 

 

(a)

Pre-paid Expenses

 

 

(b)

Losses/Accumulated losses

 

 

(c)

Miscellaneous Expenditure

 

 

(d)

Deferred Expenditure

 

 

(e)

Bad deliveries

 

 

(f)

Intangible assets

 

 

(g)

Doubtful debts/advances not provided for

 

 

(h)

Non-refundable deposit

 

 

(i)

Loans and advances given to related entities

 

 

(j)

Advances against capital expenditure

 

 

(k)

Value of the Exchange card