Tag: Stock Brokers
Qualified Stock Broker. – SEBI prescribes qualifying parameters and responsibilities SEBI vide notification No. SEBI/LAD-NRO/GN/2023/116 has amended the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 by notifying the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2023 defining a Qualified Stock Broker. The …
Maintenance of current accounts in multiple banks by Stock Brokers Stock brokers may open appropriate no. of current accounts in multiple banks – SEBI SEBI vide circular no. SMD/SED/CIR/93/23321dated November 18, 1993 on “Regulation of Transactions between Clients and Brokers” mandated that all the stock brokers shall keep …
Membership Fee paid to Stock Exchange is Capital Expenditure applying “enduring benefit” and “once and for all” payment test-High Court ABCAUS Case Law Citation: ABCAUS 2207 (2018) (02) HC The Challenge/Grievance: The appellant assessee had filed the instant appeal under Section 260A of the Income Tax Act, 1961 …
Uploading clients data to stock exchanges by stock brokers-SEBI relaxes norms of Monitoring of Clients Funds and security balance lying with Stock Broker CIRCULAR CIR/HO/MIRSD/MIRSD2/CIR/PB/2017/107 September 25, 2017 To, The Managing Directors of all Recognized Stock Exchanges Dear Sir/Madam, Sub: Clarification to Enhanced Supervision …
Annual System Audit of Stock Brokers / Trading Members of National Commodity Derivatives Exchanges Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DEICE/CIR/P/2016/70 …
