While Trans­act­ing

Consumer Voice - - Bombay Stock Exchange -

through which your trade is to be ex­e­cuted and main­tain a sep­a­rate ac­count per Ex­change. mem­ber of the Ex­change within 24 hours of the ex­e­cu­tion of the trade. done on a par­tic­u­lar day for and on be­half of a client in a for­mat pre­scribed by the Ex­change. It es­tab­lishes a legally en­force­able re­la­tion­ship be­tween mem­ber and client in re­spect of set­tle­ment of trades ex­e­cuted on the Ex­change as stated in the con­tract note. mem­ber and client both keep one copy each. The client is ex­pected to sign on the du­pli­cate copy of the con­tract note for hav­ing re­ceived the orig­i­nal. SEBI reg­is­tra­tion num­ber of the trad­ing mem­ber De­tails of trade such as or­der num­ber, trade num­ber, trade time, quan­tity, price, bro­ker­age, set­tle­ment num­ber, de­tails of other le­vies The trade price shown sep­a­rately from the bro­ker­age charged (The max­i­mum bro­ker­age that can be charged is Rs 0.25 per share/deben­ture or 2.5 per cent of the con­tract price per share/deben­ture, which­ever is higher. The bro­ker­age and ser­vice tax is in­di­cated sep­a­rately in the con­tract note)

Sig­na­ture of au­tho­rized rep­re­sen­ta­tive Arbitratio­n clause stat­ing that ‘the courts in Mumbai shall have ex­clu­sive

ju­ris­dic­tion in re­spect of all pro­ceed­ings to which the Ex­change is a party, and in re­spect of all other pro­ceed­ings, the courts hav­ing ju­ris­dic­tion over the area in which the re­spec­tive Re­gional Arbitratio­n Cen­tre is sit­u­ated, shall have ju­ris­dic­tion, must be present on the face of the con­tract note’ The back of the con­tract note should in­di­cate clause to arbitratio­n and lim­i­ta­tion pe­riod for fil­ing of arbitratio­n ref­er­ence.

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