https://www.taxtmi.com/caselaws?id=268411 The Explanation to paragraph 3 of Schedule III to the SEBI Stock Brokers and Sub-brokers Regulations defines annual turnover broadly as the aggregate of sale and purchase prices of securities received or receivable by a broker on his own account and on account of clients. That formulation is not limited to brokerage earned in the wholesale debt market segment. Regulatory practice in settlement or a Reserve Bank circular does not alter the turnover basis used for fee computation under the Regulations, and later amendments and committee recommendations support inclusion of transactions in Government securities and similar instruments within turnover-based fee calculation, though at a lower rate. en-us Tue, 24 Nov 2015 00:00:00 +0530 Thu, 26 Nov 2015 06:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268411 The Explanation to paragraph 3 of Schedule III to the SEBI Stock Brokers and Sub-brokers Regulations defines annual turnover broadly as the aggregate of sale and purchase prices of securities received or receivable by a broker on his own account and on account of clients. That formulation is not limited to brokerage earned in the wholesale debt market segment. Regulatory practice in settlement or a Reserve Bank circular does not alter the turnover basis used for fee computation under the Regulations, and later amendments and committee recommendations support inclusion of transactions in Government securities and similar instruments within turnover-based fee calculation, though at a lower rate. Case-Laws Companies Law Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268411