Brokers are not permitted to accept transfer of securities as margin. These norms are available on Exchange website at following link: Claim_against_Defaulter.aspx Ĥ. In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). Check the frequency of accounts settlement opted for. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.ģ. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Do not keep funds idle with the Stock Broker. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.Ģ. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Beware of fixed/guaranteed/regular returns/ capital protection schemes. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.ġ. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day " Prevent Unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. No worries for refund as the money remains in the investor's account. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. Attention to Investors:"No need to issue cheques by investors while subscribing to IPO.
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