Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations 2000. - S.O. No.787(E) - SEBI/LE/13811/2000 - SEBI
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Turnover exclusion conditioned on prior payment of multi year turnover-based fees before excluding subsidiary sub-broker activity. The amendment provides that when a stock exchange's subsidiary acts as a stock broker for another exchange, the subsidiary may exclude turnover arising from a parent stock broker's trading through it as a sub-broker only if the parent stock broker has paid turnover-based fees covering a multi-year period plus the fee for a corresponding multi-year block on the stock exchange that formed the subsidiary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Turnover exclusion conditioned on prior payment of multi year turnover-based fees before excluding subsidiary sub-broker activity.
The amendment provides that when a stock exchange's subsidiary acts as a stock broker for another exchange, the subsidiary may exclude turnover arising from a parent stock broker's trading through it as a sub-broker only if the parent stock broker has paid turnover-based fees covering a multi-year period plus the fee for a corresponding multi-year block on the stock exchange that formed the subsidiary.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.