Dated: 11th April 2005

 

NOTICE

 

 

Re: Submission of Turnover Details in respect of Brokers for the Financial Year 2004-05

 

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/CIR07/2002 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 Subbrokers) 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