Regulation 19 and 20 of the Securities Contracts (Regulation)(Stock Exchanges And Clearing Corporations)Regulations,2018
19.(1) No person shall, directly or indirectly, acquire or hold any equity shares or voting rights of a recognised stock exchange or recognised clearing corporation unless he is a fit and proper person:
Provided that the onus shall be on the recognized stock exchange/recognized clearing corporation to ensure that all its shareholders are fit and proper persons:
Provided further that such a requirement to ensure that all its shareholders are fit and proper persons shall not be applicable to a recognized stock exchange for shareholding of a person who directly or indirectly, acquires or holds less than two percent equity shares or voting rights of such recognized stock exchange.
19A. The recognised stock exchange / recognised clearing corporation shall put in place a monitoring mechanism as specified in Part G of Schedule –II of these regulations to ensure compliance with the shareholding conditions specified in these regulations at all times.
20(1)
Provided that for the purpose of sub-clauses (iv) and (v), any Order passed by the Board, against a recognised stock exchange or recognised clearing corporation shall not affect the operation of such recognised stock exchange or recognised clearing corporation unless expressly mentioned in the Order.
Sanchit Financial & Management Services Limited: SEBI Reg. No. – INZ000295835 | DP ID – IN303253 | Membership No. – NSE – 08039| CIN – U74140PB1994PLC014438 | GST No. – AAFCS1672N1Z6
Registered Address: 381-A, Green Avenue, Amritsar, Punjab – 14001 | Compliance officer: Sapna Chouhan Phone: 7792022561 Email: compliance@techtrade.in
Attention Investors: Prevent Unauthorised transactions in your Trading/Demat Account. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL at the end of the day | KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account…… Issued in the interest of investor.
Sanchit Financial & Management Services Limited discloses herewith that it is undertaking proprietary trading in addition to trades done for its clients.
Kindly note that as per NSE circulars nos: NSE/INVG/36333 dated November 17, 2018, NSE/INVG/37765 dated May 15.2018 and BSE circular nos: 2017 1117-18 dated November 17, 2018, 2018 0515-39 dated May 15.2018, trading in securities in which unsolicited messages are being circulated is restricted. The list of such stocks are available on the website of NSE & BSE. Investors are advised not to blindly follow the unfounded rumors, Tips given in social networks, SMS, WhatsApp, Blogs etc. and invest only after conducting appropriate analysis of respective companies.
“The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or the commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates, etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.”
Copyright © 2024 Sanchit Financial & Management Services Limited.
Made with ❤️ in India by: Hi-TechWebMaster
Source:
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Future and Options (F&O) Segment”, wherein Aggregate level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22