Networth for members dealing in securities

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..../clearing member/self-clearing member/professional clearing member shall comply with the following minimum networth requirements. NETWORTH FOR MEMBERS DEALING IN SECURITIES Type of  Member  Base Networth (in Rs.)  Variable Networth^#  Trading Member  1 crore As specified.  Self-Clearing Member  5 crore*  Clearing Member ....

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....ants (which are convertible within a period of 5 years from the date of issue), free reserves and other securities approved by the Board from time to time, but shall not include fixed assets, pledged securities, value of member's card, non-allowable securities (unlisted securities), bad deliveries, any debts and advances (except trade debtors of less than 3 months), prepaid expenses, losses, intan....