Electronic issuance of contract notes – Additional conditions

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....tion to the conditions specified in the aforesaid circulars and the provisions of the Information Technology Act, 2000 (IT Act, 2000), all the members of stock exchanges who are desirous of issuing Electronic Contract Notes (ECNs) to their clients shall comply with the following conditions:- 2.1     Issuing ECNs when specifically consented The digitally signed ECNs may be sent only to those clients who have opted to receive the contract notes in an electronic form, either in the Member - Client agreement / Tripartite agreement or by a separate letter. The mode of confirmation shall be as per the agreement entered into with the clients. 2.2     Where to send ECNs The usual mode of delivery ....

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.... i.      The log report shall also provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. ii.      Also, the member shall take all possible steps (including settings of mail servers, etc) to ensure receipt of notification of bounced mails by the member at all times within the stipulated time period under the extant regulations of SEBI/stock exchanges. 2.5   When to issue or send in Physical mode 2.5.1  Issue in Physical mode In the case of those clients who do not opt to receive the contract notes in the electronic form, the member shall continue to send contract notes in the physical mode to suc....