https://www.taxtmi.com/circulars?id=57835 Brokers must retain evidence of client order placement, including telephone recordings for phone instructions, and preserve those records for the minimum arbitration period and until dispute resolution where disputes arise. SEBI may require specific records to be kept longer. The burden of proof to produce records for disputed trades lies with the broker, but in exceptional cases where records cannot be produced the broker may justify non-production and alternative evidence such as post-trade confirmations or receipts/payments may be considered. Stock exchanges must notify brokers, amend governance rules, publish the circular, and report implementation to SEBI. en-us Thu, 30 Nov 2017 00:00:00 +0530 Fri, 30 Nov 2018 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57835 Brokers must retain evidence of client order placement, including telephone recordings for phone instructions, and preserve those records for the minimum arbitration period and until dispute resolution where disputes arise. SEBI may require specific records to be kept longer. The burden of proof to produce records for disputed trades lies with the broker, but in exceptional cases where records cannot be produced the broker may justify non-production and alternative evidence such as post-trade confirmations or receipts/payments may be considered. Stock exchanges must notify brokers, amend governance rules, publish the circular, and report implementation to SEBI. Circulars SEBI Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57835