General Information

03. Feb.2023

Aadhar seeding with PAN

In order to have smooth application of section 234H and existing rule 114AAA, it is clarified that the impact of sub-rule (2) of rule 114AAA i.e. where a person, whose permanent account number has become inoperative under sub-rule (1), is required to furnish, intimate or quote his permanent account number under the Act, it shall be deemed that he has not furnished, intimated or quoted the permanent account number, as the case may be, in accordance with the provisions of the Act, and he shall be liable for all the consequences under the Act or not furnishing, intimating or quoting the permanent account number, shall come into effect from 1st April, 2023 and the period beginning from 1st April, 2022 and ending with 31st March, 2023, shall be the period during which the said sub-rule shall not have its negative consequences of the nature referred to in the said sub-rule or specified in paras 4 and 4.1 above.
In accordance with the guidelines issued, all members are advised to ensure that their existing and new clients comply with the requirement of linking the Aadhar with PAN by March 31, 2023.

03. Feb.2023

Nomination for Eligible Trading and Demat Accounts

Please refer the SEBI circular reference No. SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 dated July 23, 2021, and Exchange notice no. 20210724-1 dated July 24, 2021 on “Nomination for Eligible Trading and Demat Accounts”.
Subsequently, vide SEBI Circular - SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/23 dated February 24, 2022, and Exchange notice no. 20220225-59 dated February 25, 2022, the timelines to provide choice of nominations for all existing eligible trading and demat account holders had been extended to March 31, 2023. In case the choice of nomination is not provided by March 31, 2023, the trading and demat account would be frozen.

09. Nov.2022

Revision in Transaction Charges in Equity Segment.

Please refer to BSE Exchange notice number 20210210-42 dated February 10,2021 regarding Revision in Transaction Charges in Equity Segment.
In partial modification to aforesaid notice, please note that Exchange will levy the transaction charges for Group A,B and other non exclusive scrips ( non exclusive scrips from group E,F,FC,G,GC,W,T) at Rs.375 per crore of turnover on flat rate basis with effect from December 01,2022.
Trading members may note that there shall be no other change related to transaction charges in equity segment. (for exclusive scrips of groups E,F,FC,G,GC,W,T and groups –MS,TS,M,MT,IF,IT,X,XT,Z,ZP,P,R etc.)

09. Nov.2022

Revision in Transaction Charges in Currency Derivatives Segment

Please refer to the BSE notice number 20171208-32 dated December 08, 2017 regarding Revision in Transaction Charges in Currency Derivatives Segment and notice number 20190916-29 dated September 16,2019 regarding Transaction charges for Futures and Options contracts on Cross Currency Pairs.
In partial modification to aforesaid notices, please note that with effect from December 01,2022 transaction charges will be revised on trades done in currency futures (including cross currency futures) as follows -
Incremental Monthly Turnover in Currency Futures (including cross currency futures) Rs. Crore
Revised Currency Futures (including cross currency futures)- Charges Applicable per crore (on both active and passive side) from December 01,2022
Turnover < Rs.5,000 Crores
Turnover => Rs.5,000 Crores & < Rs.10,000 Crores
Turnover => Rs.10,000 Crores & < Rs.20,000 Crores
Turnover => Rs.20,000 Crore
*For Currency Futures contracts, transaction charges will be applicable on the value of the transactions (Price X Quantity).
Also, please nnote that there will be no change in transaction charges of existing Currency Options (including cross currency option) which are as follows-
Currency Options (including cross currency options) - Charges Applicable per crore on premium Value (on both active and passive side)
Transaction charges for Currency Futures will be charged on Incremental monthly turnover at the end of the month as per above table.


Trading in Live Environment for Electronic Gold Receipts (EGR) Segment

Stock brokers are advised to upload all the client codes for execution of trade in the EGR Segment. Trades will be allowed to be executed only in the registered client codes in the EGR Segment. Further as per Exchange notice no. 20220623-58 dated June 23, 2022, only Compliant UCCs ONLY will be allowed to place orders in EGR Segment.


Block Mechanism in demat account of clients undertaking sale transactions

SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2022/595 dated July 16, 2021, introduced block mechanism in the demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism.
Subsequently, vide circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/109 dated August 18, 2022, SEBI made the facility of block mechanism mandatory for all Early Pay-In transactions by amending clause 5 of circular dated July 16, 2021 as under: “5. The facility of block mechanism shall be mandatory for all Early Pay-In transactions.”


Exchanges, of late, have received multiple references where messages/ videos are being circulated with recommendations to deal in certain scrips. Such recommendations are being circulated to investors by unregistered or unauthorised entities inducing them to deal in these stocks. The circulation of such posts is not only detrimental to the interest of the investors but also adversely affects the integrity of the securities market.
List of scrips in which unsolicited videos have been found to be circulated in social media
Adherence to KYC requirements- Sikkim Clients
Further, the Trading Members are required to maintain additional diligence for all existing and new clients, by capturing the details of devices (Computer/Tablet/Mobile including Executable Applications, Browser based Apps, Mobile Apps) used to place/modify/cancel orders by the clients based out of Sikkim to verify if the orders are placed from ‘Sikkim’


Muhurat Trading session on account of Diwali

A Muhurat Trading session will be conducted from NSE & BSE on October 24, 2022
· Order Entry period*
06:00 PM
06:08 PM
· Matching period
06:08 PM
06:15 PM
Continuous Trading
06:15 PM
07:15 PM
07:15 PM
07:25 PM
Post- closing
07:25 PM
07:35 PM
Intraday Auto Square off
07.00 PM
Products Conversion - Intraday
06.15 PM
07:00 PM
Product Conversion - BTST/MTF
06.15 PM
07:35 PM