Noticeboard

Notice Board

Checkout Important Notices & Announcement Here !

Trading holidays for the calendar year 2024
In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby
notifies trading holidays for the calendar year 2024 as below:

 Sr. No.DateDayDescription
1January 22, 2024MondaySpecial Holiday
2January 26, 2024FridayRepublic day
3March 08, 2024FridayMahashivratri
4March 25, 2024MondayHoli
5March 29, 2024FridayGood Friday
6April 01, 2024Monday
Annual Bank Closing
7April 09, 2024Tuesday
Gudi Padwa
8April 11, 2024ThursdayId-Ul-Fitre (Ramdan Eid)
9April 17, 2024MondayBakri Id
10July 17, 2024WednesdayMoharram
11August 15, 2024ThursdayIndependence Day
12October 02, 2024WednesdayMahatma Gandhi Jayanti
13November 01, 2024FridayDiwali Laxmi Pujan*
14November 15, 2024FridayGurunanak Jayanti
15December 25, 2024WednesdayChristmas

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
1April 14, 2024SundayDr. Baba Saheb Ambedkar Jayanti
2April 21, 2024SundayShri Mahavir Jayanti
3September 07, 2024SaturdayGanesh Chaturthi
4October 12, 2024SaturdayDussehra
5November 02, 2024Saturday Diwali- Balipratipada

*Muhurat Trading will be conducted on Friday, November 01, 2024. Timings of Muhurat Trading shall be notified subsequently. 

Annexure-I: Risk disclosures

RISK DISCLOSURES ON DERIVATIVES

·         9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

·         On an average, loss makers registered net trading loss close to 50,000.

·         Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.

·         Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

 

Source:

  1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

 

Circular No.: MCX/TRD/105/2023

February 15, 2023

Launch of Lead Mini Futures Contracts

In terms of the Rules, Bye- Laws and Business Rules of the Exchange, and in continuation to Exchange circular no. MCX/TRD/022/2023 dated January 12, 2023 the Menbers of the Exchange are hereby notified as under:

The Exchange is pleased to announce the launch of Lead Mini Futures contracts with effect from Wednesday, February 22, 2023.

Lead Mini Futures contracts will be available for trading as below:

 Contract Launch date Contract Expiry Date Contract Expiry Month
 February 22, 2023 March 31, 2023 March 2023
 February 22, 2023 April 28, 2023 April 2023
 February 22, 2023 May 31, 2023 May 2023
 February 22, 2023 June 30, 2023 June 2023

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Wednesday, February 22, 2023.

 Commodity  Symbol  End Date of
 spread
 Near month Far month
LEADMINI LEMMARAP23 31-Mar-23 Mar-23 Apr-23
 LEADMINI LEMMARMY23 31-Mar-23 Mar-23 May-23
 LEADMINI LEMAPRMY23 28-Apr-23 Apr-23 May-23

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the Delivery & Settlement Procedure separately.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the warehousing procedure at MCXCCL Accredited Warehouses separately

You can check notice in link given below-
Or You can download by clicking below-
 
 

Circular No.: MCX/TRD/104/2023,

February 15, 2023

Launch of Aluminium Mini Futures Contracts

In terms of the provisions of the Rules, Bye- Laws and Business Rules of the Exchange, and in continuation to Exchange circular no. MCX/TRD/022/2023 dated January 12, 2023, the Members of the Exchange are hereby notified as under:
 
The Exchange is pleased to announce the launch of Aluminium Mini Ftueres contracts with effect from Monday, February 20, 2023.
 
Aluminium Mini Futures contract will be available for trading as below:
 
Contract Launch date Contract Expiry Date Contract Expiry Month
 February 20, 2023 March 31, 2023 March 2023
 February 20, 2023 April 28, 2023 April 2023
 February 20, 2023 May 31, 2023 May 2023
 February 20, 2023 June 30, 2023 June 2023

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Monday, February 20, 2023

 Commodity Symbol End Date of
spread
 Near month Far month
 ALUMINI ALMMARAP23  31-Mar-23 Mar-23 Apr-23
 ALUMINI ALMMARMY23  31-Mar-23 Mar-23 May-23
 ALUMINI ALMAPRMY23  28-Mar-23 April-23 May-23

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the Delivery & Settlement Procedure separately.
 
Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the warehousing procedure at MCXCCL Accredited Warehouses separately.

You can download the circular by clicking below link:

MCXTRD1042023 Launch of Aluminium Mini Futures Contracts.

Or you can visit MCX website for more information-

All Circulars (mcxindia.com)

 

 

Circular No.: MCX/TRD/101/2023
 

February 14, 2023

Launch of Zink Mini Futures

In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, and in continuation to Exchange circular no. MCX/TRD/022/2023 dated January 12, 2023, the Members of the Exchange are hereby notified as under:

The Exchange is pleased to announce the launch of Zinc Mini Futures contracts with
effect from Friday February 17, 2023.

Zinc Mini Futures contracts will be available for trading as below:

 Contract Launch date Contract Expiry Date Contract Expiry Month
 February 17, 2023 March 31, 2023 March 2023
 February 17, 2023 April 28, 2023 April 2023
 February 17, 2023 May 31, 2023 May 2023
 February 17, 2023 June 30, 2023 June 2023

The contract specifications and trading parameters of the contracts as specified in Annexure, herewith, shall be binding on all the Members of the Exchange and constituents trading through them.

Further, it may be noted that, for all the applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.

With reference to circular no. MCX/T&S/082/2015 dated March 19, 2015; the LTP based Spread Trading Facility will be available in below mentioned combinations with effect from Friday , February 17, 2023.

 Commodity  Symbol End Date of spread  Near month  Far month
 ZINCMINI ZIMMARAP23 31-Mar-23 Mar-23 Apr-23
 ZINCMINI ZIMMARMY23 31-Mar-23 Mar-23 May-23
 ZINCMINI ZIMAPRMY23 28-Apr-23 Apr-23 May-23

Trading will be allowed only upto 5:00 p.m. on the date of expiry of the contract.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform the Delivery & Settlement Procedure separately.

Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) will inform thewarehousing procedure at MCXCCL Accredited Warehouses separately

You can check this circular by clicking link given below:

All Circulars (mcxindia.com)

Or you can also download by clicking below-

MCXTRD1012023 Zinc Mini circular

 

 

Trading holidays for the calendar year 2023
In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby
notifies trading holidays for the calendar year 2023 as below:

 Sr. No.DateDayDescription
1January 26, 2023ThursdayRepublic Day
2March 07, 2023TuesdayHoli
3March 30, 2023ThursdayRam Navami
4April 04, 2023TuesdayMahavir Jayanti
5April 07, 2023FridayGood Friday
6April 14, 2023FridayDr. Baba Saheb Ambedkar Jayanti
7May 01, 2023MondayMaharashtra Day
8June 28, 2023WednesdayBakri Id
9August 15, 2023TuesdayIndependence Day
10September 19, 2023TuesdayGanesh Chaturthi
11October 02, 2023MondayMahatma Gandhi Jayanti
12October 24, 2023TuesdayDussehra
13November 14, 2023TuesdayDiwali-Balipratipada
14November 27, 2023MondayGurunanak Jayanti
15December 25, 2023MondayChristmas

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
1February 18, 2023SaturdayMahashivratri
2April 22, 2023SaturdayId-Ul-Fitr (Ramzan ID)
3July 29, 2023SaturdayMoharram
4November 12, 2023SundayDiwali-Laxmi Pujan*

*Muhurat Trading will be conducted on Sunday, November 12, 2023. Timings of Muhurat Trading shall be notified subsequently. 

Kindly note that due to the bank holiday on Saturday and expected delays from the payment gateway settlements, there might be a waiting period in updating the funds in your trading account on Monday, i.e., 9th Jan 2023. As a result, clients are requested to consider the below points before initiating the fund transfer:

  1. The UPI payments/ECMS (Primary method) might take up to 1 hours to reflect in the clients’ trading accounts. How to use ECMS click here to know more.

  2. The fund transfers via IMPS, NEFT, and RTGS using our Virtual ID might take up to 1 hours to reflect in the clients’ trading accounts.

  3. The fund transfers via Instant Payment Gateway (Netbanking) might take up to T+1 day to reflect in the clients’ trading accounts. 

Please Note:

  • To reduce the wait time, kindly consider adding funds in advance, i.e., on Saturday or Sunday.
  • The wait time will be applicable to all the fund transfers done on Saturday and Sunday, wherein the funds will reflect on Monday, 2 hours after the commencement of the banking hours. Feasible Scenarios for the below-specified cases, along with examples:

Scenario 1:​ Funds transferred using Instant payment gateway (UPI), NEFT, RTGS, or IMPS on Saturday, Sunday or Monday. ​​​​​​

Mr. X transferred funds of ₹50,000 on Saturday (7th Jan 2023) using Instant Payment Gateway (UPI). Such funds will only reflect on Monday, 1 hours after the commencement of the banking hours in the trading account.


Scenario 2: Funds transferred using Instant payment gateway (Netbanking) on Saturday or Sunday.

Mr. X transferred funds of ₹ 50,000 on Sunday (8th Jan 2023) using the Instant Payment Gateway (Netbanking). Such funds will only reflect on Monday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

Scenario 3: Funds transferred using Instant payment gateway (Netbanking/UPI) on Monday.

Mr. X transferred funds of ₹ 50,000 on Monday (9th Jan 2023) using the Instant Payment Gateway (Netbanking/UPI). Such funds will only reflect on Tuesday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

For any query Contact us 011-40345555 or raise a ticket.

 

Kindly note that due to the bank holiday on Saturday and expected delays from the payment gateway settlements, there might be a waiting period in updating the funds in your trading account on Monday, i.e., 10th October 2022. As a result, clients are requested to consider the below points before initiating the fund transfer:

  1. The UPI payments (Primary method) might take up to 2 hours to reflect in the clients’ trading accounts.

  2. The fund transfers via IMPS, NEFT, and RTGS using our Virtual ID might take up to 2 hours to reflect in the clients’ trading accounts.

  3. The fund transfers via Instant Payment Gateway (Netbanking) might take up to T+1 day to reflect in the clients’ trading accounts. 

Please Note:

  • To reduce the wait time, kindly consider adding funds in advance, i.e., on Saturday or Sunday.
  • The wait time will be applicable to all the fund transfers done on Saturday and Sunday, wherein the funds will reflect on Monday, 2 hours after the commencement of the banking hours. Feasible Scenarios for the below-specified cases, along with examples:

Scenario 1:​ Funds transferred using Instant payment gateway (UPI), NEFT, RTGS, or IMPS on Saturday, Sunday or Monday. ​​​​​​

Mr. X transferred funds of ₹50,000 on Saturday (8th Oct 2022) using Instant Payment Gateway (UPI). Such funds will only reflect on Monday, 2 hours after the commencement of the banking hours in the trading account.


Scenario 2: Funds transferred using Instant payment gateway (Netbanking) on Saturday or Sunday.

Mr. X transferred funds of ₹ 50,000 on Sunday (9th October) using the Instant Payment Gateway (Netbanking). Such funds will only reflect on Monday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

Scenario 3: Funds transferred using Instant payment gateway (Netbanking/UPI) on Monday.

Mr. X transferred funds of ₹ 50,000 on Monday (10th October) using the Instant Payment Gateway (Netbanking/UPI). Such funds will only reflect on Tuesday (T+1 Day), 2 hours after the commencement of the banking hours the trading account.

For any query Contact us 011-40345555 or raise a ticket.

 

In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby notifies trading holidays for the calendar year 21-22 as below:

Sr.No.DateDayDescription
1January 26,2022WednesdayRepublic Day
2March 01,2022TuesdayMahashivratri
3March 18,2022FridayHoli
4April 14,2022ThursdayDr.BabaSahebAmbedkarJayanti
5April 15,2022FridayGood Friday
6May 03,2022TuesdayId-Ul-Fitr (Ramzan ID)
7August 09,2022TuesdayMoharram
8August 15,2022MondayIndependence Day
9August 31,2022WednesdayGanesh Chaturthi
10October 05,2022WednesdayDassera
11October 24,2022MondayDiwali-LaxmiPujan*
12October 26,2022WednesdayDiwali-Balipratipada
13November 08,2022TuesdayGurunanakJayanti

Following holidays are falling on Saturdays/Sundays:

Sr.No.DateDayDescription
1January 01,2022SaturdayNew Year Day
2April 10,2022SundayRam Navami
3May 01,2022SundayMaharashtra Day
4July 10,2022SundayBakri Id
5October 02,2022SundayGandhi Jayanti
6December 25,2022SundayChristmas

*Muhurat Trading will be conducted on Monday, October 24, 2022. Timings of Muhurat Trading shall be notified subsequently.

In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange, Trading
Holidays for the calendar year 2022 are notified as under:

Sr.No.ParticularsDateDayMorning sessionEvening session
1Republic Day26-Jan-22WednesdayClosedClosed
2Mahashivratri01-Mar-22TuesdayClosedOpen
3Holi (2nd day)18-Mar-22FridayClosedOpen
4Ambedkar Jayanti14-Apr-22ThursdayClosedOpen
5Good Friday15-Apr-22FridayClosedClosed
6Ramzan ID (Id-UlFitr)03-May-22TuesdayClosedOpen
7Moharram09-Aug-22TuesdayClosedOpen
8Independence Day15-Aug-22MondayClosedClosed
9Ganesh Chaturthi31-Aug-22WednesdayClosedOpen
10Dassera05-Oct-22WednesdayClosedOpen
11Diwali – Laxmi
Pujan
24-Oct-22MondayClosedOpen*
12Diwali –
Balipratipada
26-Oct-22WednesdayClosedOpen
13Guru Nanak
Jayanti
08-Nov-22TuesdayClosedOpen

* Timings for the Muhurat trading shall be notified by the Exchange subsequently.

Note:

Current Trade timings:

  1. Morning session – 9:00 AM to 5:00 PM
  2. Evening session – 5:00 PM to 11:30/11:55 PM and 5:00 PM to 9:00 PM for
  3. Internationally linked agricultural commodities.

Following holidays are falling on Saturdays/Sundays:

Sr.No.HolidaysDateDays of Week
1New Year Day01-Jan-22Saturday
2Ram Navami10-Apr-22Sunday
3Maharashtra Day01-May-22Sunday
4Bakri Id10-Jul-22Sunday
5Gandhi Jayanti02-Oct-22Sunday
6Christmas25-Dec-22Sunday

In terms of the provisionsof the Rules, Bye-Laws and Business Rules of the Exchange, theMembers of the Exchange are notified asunder:

MCX iCOMDEXBase Metals Index (MCX METLDEXTM) March 2021 Futures contract will beavailable for trading with effect from Tuesday, December 15,2020.

The contract specifications and trading parameters of the contract as specified in circular no. MCX/TRD/699/2020 dated September 22, 2020 issued by the Exchange, shall be bindingon allthe Members of the Exchange and constituents trading throughthem.

Sub: Introduction of Peak Margin

With reference to SEBI circular reference number SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated 20th July 2020, Peak Margin would be introduced in Equity, Commodity & Currency segment from 1st December 2020.

Following are the guidelines for collection of upfront margin from clients in Cash & Derivative segment: –

1. SEBI circular Exchanges/ Clearing Corporations have mandated trading members to collect applicable margins from their clients/ constituents in advance of the trade for all the segments i.e. Equity, Commodity &Currency.

2. Gill Broking shall have to report the margin collected from each client for EOD as well as Peak margin during the day, in the following manner: a) EOD margin obligation of the client shall be compared with the respective client margin available with the Trading Member (TM)/Clearing Member (CM) at EOD. AND b) Peak margin obligation (Highest) of the client, during the day, shall be compared with respective client peak margin available with the TM/CM during the day. Higher of the shortfall in collection of the margin obligations at (a) and (b) above, shall be considered for levying of penalty as per the extant framework

3. The above framework will be prescribed in the phased manner as below

• Phase 1 (for 3 months from the date of implementation) – 25% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 2 (for subsequent 3 months) – 50% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 3 (for subsequent 3 months) – 75% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 4 (subsequently) – 100% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

4. In cash market the peak margin will be applicable till T+2 till payin for the delivery positions.

5. Peak margin file will be sent by exchanges 4 times in a day at random time schedule, the maximum margin in any of the these files will be considered as peak margin for the day and margin will have to be complied based on the peak margin or EOD margin which is higher.

6. Please find below example of how Peak margin would be calculated:-

Case 1PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash100002000030000200000
EQ Derivative0000
Currency Derivative0000
Commodity Derivative0000
Peak Reportable Margin300000
Reportable Margin as per 1st Phase75000
Available Balance50000 
Shortage0 
Case 2PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash10000200003000002000040000
EQ Derivative0000
Currency Derivative0000
Commodity Derivative0000
Peak Reportable Margin300000 
Reportable Margin as per 1st Phase75000 
Available Balance50000 
Shortage-25000 
Case 3PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash1000020000200001000090000
EQ Derivative50000500008000070000
Currency Derivative50003000007000
Commodity Derivative0000
Peak Reportable Margin100000 
Reportable Margin as per 1st Phase25000 
Available Balance50000 
Shortage-40000 
Case 4PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash1000020000500001000056000
EQ Derivative10000500004000070000
Currency Derivative50000800020005000
Commodity Derivative100000000
Peak Reportable Margin170000 
Reportable Margin as per 1st Phase42500 
Available Balance50000 
Shortage-6000 
Case 5PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash100004000050000200000
EQ Derivative50000000
Currency Derivative0000
Commodity Derivative0000
Peak Reportable Margin600000
Reportable Margin as per 1st Phase150000
Available Balance50000 
Shortage0 
Case 6PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash100002000020000070000900000
EQ Derivative50000500008000010000
Currency Derivative0000
Commodity Derivative0000
Peak Reportable Margin280000 
Reportable Margin as per 1st Phase70000 
Available Balance50000 
Shortage-40000 
Case 7PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash1000020000500001000040000
EQ Derivative1000050000400070000
Currency Derivative50000800005000
Commodity Derivative0000
Peak Reportable Margin85000 
Reportable Margin as per 1st Phase21250 
Available Balance50000 
Shortage0 
Case 8PEAK MarginEOD Margin
Peak-1Peak-2Peak-3Peak-4
Cash100002000050000100000
EQ Derivative1000050000400070000
Currency Derivative500008000020005000
Commodity Derivative100000000
Peak Reportable Margin170000 
Reportable Margin as per 1st Phase42500 
Available Balance50000 
Shortage0 
In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange and in continuation to circular no. MCX/TRD/698/2019, dated December 12, 2019 the Members of the Exchange are notified as under: On the occasion of Diwali (Laxmi Poojan Day), contracts of all commodities will be available for Muhurat Trading on Saturday, November 14, 2020. The market timings for Muhurat Trading session will be as follows:
ParticularsTimings
Special Session6:00 pm – 6:14 pm
Trading Session6:15 pm – 7:15 pm
Client Code Modification Session7:15 pm – 7:30 pm
Members are requested to take note of the same.

In continuation to circular No. 42879 dated December 11, 2020, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

Diwali Muhurat Trading Session on Saturday, November 14, 2020Time
Normal Market Open18:15 hrs
Normal Market Close19:15 hrs
Set up cut off time for Position Limit / Collateral value19:25 hrs
Trade modification end time19:25 hrs

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

In continuation to circular No. 42878 dated December 11, 2019, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

Diwali Muhurat Trading Session on Saturday, November 14, 2020Time
Normal Market Open18:15 hrs
Normal Market Close19:15 hrs
Trade modification end time19:25 hrs

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. 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. 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.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. 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. 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.

• Check the frequency of accounts settlement opted for. 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). 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. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. 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. 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. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/MD011-40345555admin@gillbroking.com
2 Charanpreet GillWhole Time Director011-40345555gillbroking@gmail.com
3 Charanpreet GillCompliance officer011-40345555compliance@gillbroking.com
4Manpriya GillDesignated Director-1011-40345555manngill04@gmail.com
5Kewal GillDesignated Director-2011-40345555fvwealth@gmail.com

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