Dated: 21st July 2008
Members are hereby informed that the Exchange has received a letter from SEBI Ref. No. MIRSD/DR1/FC/AJS/ 132093/08 Dated 16thJuly, 2008 on the above subject. The contents of the letter are given here under for information of the members.
General Manager Securities and Exchange
Market Intermediaries Regulation and Board of India
July 16, 2008
The Executive Director/ Managing Director
All stock Exchange
Calcutta Stock Exchange
Sub: Submission of Turnover Details in respect of Brokers for the Financial Year 2007-08
You are required to submit the turnover details in respect of your brokers in the prescribed manner as prescribed vide Regulation 10 of SEBI (Brokers and Sub-brokers) Regulations,1992(Broker Regulations) read with Schedule III of Broker Regulations and in terms of Circular No.SMD/POLICY/Cir-07/2002 dated March 28,2002 & Circular No. SMD/POLICY/Cir-25/19058/2002 dated September 30,2002.You are, therefore, advised to submit the turnover details for the year 2007-08 in respect of those stock brokers who have not opted to pay the fee as per Schedule IIIA of Broker Regulations and are liable to pay turnover based registration fees for the financial year 2008-09.
As required under the said Circular, you are advised to obtain the break up of the turnover from brokers in the Annexure “A”. Please advise the brokers to submit the Annexure “A” well in advance so that you can submit the Annexure “C” to SEBI by August 20, 2008 and in case a broker does not submit the turnover details in 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 concessions and the Exchange would submit total turnover in Annexure “C” as per its records to SEBI.
Kindly ensure that turnover details must reach SEBI at the latest by August 20,2008 in Annexure “ C” of the circular No.SMD/POLICY/Cir-25/19058/2002 dated September 30,2002, duly certified by stock exchange .
Please advise the brokers to pay the registration fees payable for the financial year 2007-08 to SEBI well in time so that it is credited to their account on or before 1st October 2008
In view of the above, members who are liable to submit their turnover details in Annexure “A” for the financial year 2007-08 are requested to furnish the same to the Exchange by 31st July 2008 for onward submission to SEBI and further requested to pay the registration fees payable for the financial year 2007-08 to SEBI on or before 1st October, 2008.