You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.Ħ. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. Mobile number/Email ID updated with the stock broker. Broker can take securities belonging to clients only for settlement of securities sold by the client.ĥ. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. 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.
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