Database of Stock Brokers

 SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021

DATA BASE OF STOCK BROKERS

SECTION I

 I. HISTORICAL DETAILS OF MEMBER/BUSINESS

 

1. (a) NAME OF THE MEMBER:
 
 

 

1. (i) TRADE NAME

(ii) IS IT JOINT VENTURE WITH FOREIGN COMPANY, IF SO, THE

PERCENTAGE OF SHAREHOLDING BY THE FOREIGN COMPANY
 
 

(c) OFFICE ADDRESS/TEL & FAX NO.:

 

(d) SEBI REG. NO/DATE OF REG:

 

(e) DATE OF COMMENCEMENT OF BUSINESS :

 

(g) EXCHANGE CLEARING CODE :

 

(h) MODE OF ACQUIRING MEMBERSHIP (PLEASE TICK)
 
 

(i) NEW MEMBERSHIP(ii) NOMINATION/ TRANSMISSION/CONVERSION

1.  
   1. PURCHASE OF CARD FROM ANOTHER MEMBER
   2. PURCHASE OF CARD FROM EXCHANGE IN AUCTION

 2. STATUS OF THE MEMBER BROKER (PLEASE TICK) (a) PROPRIETOR (b) PARTNERSHIP (c) CORPORATE WITH UNLIMITED LIABILITY (d) CORPORATE WITH LIMITED LIABILITY
 
 3. INDICATE WHETHER THE STATUS OF THE MEMBER BROKER WAS CHANGED AFTER ITS FIRST REGISTRATION WITH SEBI :

1. IF YES, LAST SEBI REG. NO. (b) NO

IF YES, FURNISH DETAILS INDICATING DATE(S) OF CHANGE IN CHRONOLOGICAL ORDER IN THE TABLE GIVEN BELOW
 
 

	PROPRIETOR	PARTNERSHIP	CORP WITH UNLIMITED LIABILITY	CORP.WITH LIMITED LIABILITY
PROPRIETOR
PARTNERSHIP
CORPORATE WITH UNLIMITED LIABILITY
CORPORATE WITH LIMITED LIABILITY

 4. DETAILS OF PROPRIETOR/ PARTNERS/ALL DIRECTORS (As on 1. 1.98)
 
 

NAME AND AGE	QUALIFICATION	WORK EXPERIENCE (NAME OF THE ORGANISATION & PERIOD OF SERVICE)	PERCENTAGE OF SHARE HOLDING	WHETHER WHOLETIME DIRECTOR

 
  5. INDICATE WHETHER MEMBERSHIP IN MORE THAN ONE STOCK EXCHANGE IS HELD BY THE MEMBER(a) YES (b) NO
 
  IF YES, PLEASE GIVE THE DETAILS IN THE FOLLOWING FORM:
 
 

STOCK EXCHANGE	TRADE NAME, IF ANY	STATUS	SEBI REG. NO	DATE OF COMMENCEMENT OF BUSINESS

 
 

1. INDICATE WHETHER THE MEMBERSHIP CARD OF THE SAME STOCK EXCHANGE OR ANY OTHER STOCK EXCHANGE IS HELD IN THE NAME OF FAMILY MEMBERS/CLOSE RELATIVES I.E. HUSBAND, WIFE, SON, UNMARRIED SISTER OR BROTHER OR ANY LINEAR ASCENDENT/DESCENDENT OF THE MEMBER:

1. YES (b) NO

IF YES, INDICATE DETAILS IN THE FOLLOWING:

STOCK EXCHANGE	NAME OF ENTITY	STATUS	SEBI REG. NO	RELATIONSHIP WITH THE MEMBER*

• In case of a corporate member indicate relationship with the whole time director

7(a) DISCLOSE THE DETAILS OF ALL ASSOCIATE CONCERNS*/ IMMEDIATE FAMILY I.E. HUSBAND, WIFE, PARENTS, CHILDREN (EXCLUDING MARRIED DAUGHTER) OF THE MEMBER WHO ARE CONNECTED WITH THE CAPITAL MARKET INCLUDING NBFC/ BANKS PROMOTED BY THE MEMBER, HIS PARTNERS/DIRECTORS, HIS FAMILY MEMBERS/CLOSE RELATIVES OR ANY LINEAR ASCENDENT/DESCENDENTS OF THE MEMBER.

1.  
   1. YES (b) NO,

IF YES, FURNISH THE FOLLOWING DETAILS
 
 

NAME OF THE PERSON	NAME OF THE ENTITY	NATURE OF BUSINESS	PERCENTAGE OF SHAREHOLDING	REGISTRATION DETAILS FROM REGULATORY BODIES SUCH AS SEBI/RBI, IF APPLICABLE

* Associate Concern means any concern in which the Broker Member/ partners/ directors have direct/indirect interest in the management or hold more than 10% of the paid up equity capital of such company. 7.(b) DETAILS OF DIRECTORSHIP HELD BY THE MEMBER, HIS PARTNERS/WHOLETIME DIRECTORS IN VARIOUS OTHER COMPANIES ENGAGED IN CAPITAL MARKET:

(a) YES (b) NO,

IF YES, FURNISH DETAILS IN FIVE LINES.

8. AREAS OF ACTIVITIES OF THE MEMBER:

 

YES NO Remarks

( If Yes give SEBI Regn.No )

• SECONDARY MARKETS
• UNDERWRITING
• DEBT MARKET
• PORTFOLIO MANAGEMENT
• PRIMARY MARKET/MERCHANT BANKING
• ANY OTHER ACTIVITY (SPECIFY)

(PLEASE TICK THE RELEVANT ACTIVITIES THAT THE MEMBER IS ENGAGED IN )

 

 

9(a) DETAILS OF BRANCHES, IF ANY, WITH COMPLETE ADDRESSES ALONG WITH TEL.NO AND FAX. NO.
 
 

 9(b) INDICATE THE TOTAL MANPOWER STRENGTH OF THE MEMBER AND DETAILS OF KEY MANAGEMENT PERSONNEL INDICATING NAMES, AGE, QUALIFICATION, WORK EXPERIENCE IN CHRONOLOGICAL ORDER :

  
 

10 (a) NO. OF SUB-BROKERS WORKING FOR THE MEMBER:
 
  (b) HOW MANY ARE REGISTERED WITH SEBI & GIVE THEIR NAMES, ADDRESSES & SEBI REG NO.(c) HOW MANY ARE REMISIERS AND REGISTERED WITH THE EXCHANGE. FURNISH THEIR NAMES & REG NO WITH THE EXCHANGE:

 
 
 

II. FISCAL DETAILS

 

11 (a) NETWORTH OF THE MEMBER AS PER CERTIFIED BALANCE SHEET OF THE MEMBER FOR LAST 3 FINANCIAL YEARS TO BE INDICATED AS UNDER.
 
 

	1994-95	1995-96	1996-97
PAID-UP CAPITAL
(b) FREE RESERVES (EXCLUSIVE OF REVALUATION RESERVES)
(c) MISC. EXPENDITURE TO THE EXTENT NOT WRITTEN OFF
NET WORTH = (a) + (b) - (c)

 
  11.(b) WORKING CAPITAL OF THE MEMBER AS PER CERTIFIED BALANCE SHEET OF THE MEMBER FOR LAST 3 FINANCIAL YEARS TO BE INDICATED AS UNDER. {WORKING CAPITAL = PAID-UP SHARE CAPITAL + FREE RESERVES (LESS REVALUATION RESERVE) - NON ALLOWABLE ASSETS*} 
 

	1994-95	1995-96	1996-97
PAID-UP CAPITAL
(b) FREE RESERVES (EXCLUSIVE OF REVALUATION RESERVES)
(c) NON ALLOWABLE ASSETS VIZ. FIXED ASSETS, PLEDGED SECURITIES, MEMBERS CARD, NON-ALLOWABLE SECURITIES, BAD DELIVERIES, DOUBTFUL DEBTS AND ADVANCES, PREPAID EXPENSES, INTANGIBLE ASSETS,30% OF MARKETABLE SECURITIES
NET WORTH = (a) + (b) - (c)

* For calculation of working capital please refer to SEBI Circular SMD/SED/CIR/93/22570 Dated October 21,1993. Please note no Certificates to be attached
   

NOTE: 1. IN CASE OF PROPRIETOR OR PARTNERSHIP, PLEASE INDICATE CAPITAL LESS DRAWINGS.

2. IN CASE OF PARTNERSHIP THE FINANCIAL POSITION MEANS THE NETWORTH OF THE PARTNERSHIP FIRM
 
 

12. BASE MINIMUM CAPITAL AND ADDITIONAL BASE MINIMUM CAPITAL AS A PART OF CAPITAL ADEQUACY NORMS MAINTAINED BY THE MEMBER WITH THE EXCHANGE AS ON 1.1.98
 
 

CASH

FIXED DEPOSITS

SECURITIES WITH 30% MARGIN

BANK GUARANTEE

TOTAL

13 FURNISH THE PARTICULARS OF BANK ACCOUNT MAINTAINED BY THE MEMBER FOR CLIENTS AND HIMSELF SEPARATELY INDICATING BANK ACCOUNT NO., NAME OF THE BANK AND BRANCH WHERE THE ACCOUNT IS HELD.

 

14.. FURNISH THE NAME AND ADDRESS OF THE PRESENT AUDITOR(s) WITH TEL. NO.

  
 

15. DETAILS OF REGISTRATION FEES PAID TO SEBI
 
 

FIN.YEAR	AMOUNT PAID	CHQ./ D.D. NO.	DATE OF THE CHQ./ DD	NAME OF THE BANK & BRANCH
1992-93
1993-94
1994-95
1995-96
1996-97

SECTION II
  
 

1. INDICATE THE DETAILS OF INSPECTIONS UNDERTAKEN BY THE

STOCK EXCHANGE DURING THE LAST 3 FINANCIAL YEARS.(a) YES (b) NO

 

IF YES , INDICATE

1.  
   1. START DATE OF INSPECTION:
   2. END DATE OF INSPECTION:

SR. NO.	FINDINGS OF INSPECTION IN BRIEF	ACTION TAKEN BY THE EXCHANGE

  

1. INDICATE THE NO. OF ARBITRATION CASES PENDING AGAINST THE MEMBER AS ON DATE 
     
    

	NO. OF CASES OUTSTANDING     MORE THAN 4 MONTHS LESS THAN 4 MONTHS
MEMBER-MEMBER
MEMBER-NON MEMBER

  

1. NO. OF COMPLAINTS AND VALUE THEREOF PENDING FROM NON-MEMBERS AS ON DATE:
    

4a) INDICATE IF THE MEMBER BROKER WAS SUSPENDED / TERMINAL PUT OFF FROM TRADING DURING THE FIN. YEARS 1996-97 & 1997-98 UPTO DATE FOR MORE THAN 3 DAYS.
 
 

SR.NO.	DATE/ SETTLEMENT NO.	DURATION OF SUSPENSION	REASONS

 
  4(b)DETAILS OF PENALTIES/FINES OR ANY OTHER PENALTIES LEVIED BY THE STOCK EXCHANGE DURING THE FIN. YEAR 1996-97 & 1997-98 UPTO DATE :

SR. NO.	NATURE OF DEFAULT	DETAILS OF PENALTIES IMPOSED

 
  5. INDICATE WHETHER ANY ISSUE HAS DEVOLVED UPON THE MEMBER BROKER AS AN UNDERWRITER FOR THE FINANCIAL YEARS 1996-97 & 1997-98 UPTO DATE : (a) YES (b) NO,

 

IF YES, FURNISH THE FOLLOWING
 
 

NAME OF THE ISSUE	AMOUNT DEVOLVED	PERIOD	HOW SETTLED	PRESENT STATUS

6. INDICATE IF SEBI HAS INSPECTED THE MEMBER BROKER DURING THE FIN. YEARS 1994-95, 1995-96 and 1996-97 UNDER REGULATION 19 OF SEBI (STOCK BROKERS & SUB- BROKERS) REGULATIONS,1992 :

(a) YES (b) NO,

IF YES,

1. START DATE OF INSPECTION:
2. END DATE OF INSPECTION:

7.INDICATE WHETHER THE MEMBER, HIS IMMEDIATE RELATIVE/ PARTNERS/DIRECTORS, PRINCIPAL OFFICER OR ANY OTHER EMPLOYEE HAVE BEEN INVOLVED IN ANY LITIGATION CONNECTED WITH CAPITAL MARKET INCLUDING ECONOMIC OFFENCE COMMITTED BY THEM OR WHETHER ANY WARNING,CENSOR OR ANY PENALTY HAS BEEN IMPOSED BY REGULATORY AGENCIES SUCH AS RBI, SEBI,DEPARTMENT OF COMPANY AFFAIRS AGAINST THE ABOVE MENTIONED PERSONS OR GROUP ASSOCIATES PROMOTED BY THE MEMBER.

(a) YES (b) NO,

IF YES, FURNISH DETAILS IN FIVE LINES.
 

1. INDICATE THE N0. OF CASES OF BAD DELIVERIES INTRODUCED BY THE MEMBER DURING THE FIN. YEAR 1996-97 WITH PARTICULAR REFERENCE TO INTRODUCTION OF FAKE/ STOLEN SHARES AS PER DETAILS GIVEN BELOW:
     
    

NAME OF THE COMPANY	NO. OF SHARES	MARKET VALUE (RS.)

FIN. YEAR	TURNOVER (AGG. OF PURCHASE & SALE				TOTAL	FEE PAYABLE	FEES PAID
	JOBBING/ OWN ACCOUNT	GOVT./ PSU BONDS	OTHERS
			REPORTED TO SE	NOT REPORTED TO SE
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97

NOTE : The above information is required to be furnished by all the brokers. In case the above information is not furnished, the brokers would not be able to take advantage of the exemptions/lower fee liability on the items as per the Expert Committee Recommendations and the fee liability of the broker would be calculated on the basis of the turnover data furnished by the Stock Exchanges. It is, however, mentioned that the fees payable as per SEBI (Stock brokers and sub-brokers) Regulation, 1992 and Expert Committee Recommendation is subjudice as some of the brokers have obtained stay orders from the various High Courts and are required to pay fees accordingly.

 

CERTIFICATION

We certify the turnover details furnished by the member as true and correct to best of our knowledge and capability.

 

(NAME AND SIGNATURE OF THE CERTIFYING OFFICIAL OF THE CHARTERED ACCOUNTANT FIRM )

 
 
 

PLACE :

DATE :

  
 

CERTIFICATION BY THE EXCHANGE
*******************************************

 The stock exchange certifies all the above information furnished in Section II and the total turnover of the member as stated in Section III for the concerned period(s) are true and correct

  

( NAME AND SIGNATURE OF THE CERTIFYING OFFICIAL WITH SEAL)

 

PLACE :

DATE :
 
 
 

SECURITIES AND EXCHANGE BOARD OF INDIA
 

 

Instructions for filling up of the form
 
 

1. Members are advised that the format has been divided into THREE sections. Section I pertains to details of the business etc., which are required to be furnished by the member. Section II & Section III pertains to information which is required to be certified/ countersigned by the Stock Exchange.
2. Members who hold multiple membership of different exchanges should furnish the information separately to each Stock Exchange.
3. All brokers are required to fill the form, whether active or not.
4. All the columns in the format should be filled in. In case, a particular column is not applicable to the member then, ‘NOT APPLICABLE’ to be clearly specified.
5. Any information which needs to be supported or mentioned in detail may be furnished on separate sheets. In such a case, the member may attach the sheet(s) along with the original copy of the format.

DECLARATION

 

(This declaration must be signed by the member or his Managing Director/Principal Officer in case of Corporate members)

 

I/We warrant that I/We have truthfully and fully answered the questions in the above format to the best of my/our knowledge and ability and provided all the information which might reasonably be considered relevant for the purpose of carrying on activities as a Stock Broker. I/We shall also promptly notify to the Board of any changes in the information furnished from time to time.

 

I/We understand that any finding of false information furnished at any stage of time, my/our registration shall be liable for cancellation and shall also be liable for disciplinary proceedings by the Board.

 

  ( NAME & SIGNATURE OF THE MEMBER WITH OFFICIAL SEAL)

 

PLACE:

DATE:

 

 

SR. EXECUTIVE DIRECTOR

SECONDARY MARKETS DEPARTMENT

 

To,

The President/ Executive Director / Managing Director

All Stock Exchanges
 
  Dear Sir ,
 

Sub : Broker Database

 

For a long time now absence of a comprehensive database of brokers has been felt as a constraint both by the Stock Exchanges & SEBI. As the concept of integrated markets is now emerging and multiple memberships of Stock Exchanges has become a necessity for survival in a competitive business environment, it has become necessary for Stock Exchanges to have a comprehensive data base of all their members for better risk administration of multiple memberships.

 

For this data base consultations were held by us with the Bombay Stock Exchange, National Stock Exchange and the Delhi Stock Exchange after which it is considered desirable that a format be standardized for collecting all the relevant data for a comprehensive data base which would give a historical profile of the brokers business, multiple memberships, the relatives & associate concerns of the brokers in the capital markets. Besides the data base could be a useful data bank for the use of the Stock Exchanges/ SEBI for inspections of brokers and to have a track record of brokers business.

 

Accordingly a standardized format is enclosed herewith which is to be duly completed by the members of your Exchange.

 

For the sake of convenience , the questionnaire has been divided into three parts, Section I, Section II and Section III. Section I pertains to information which is expected to be readily available with the brokers. Sections II & III may require some more time to be complied and furnished as it requires reference to past years information. Section II pertains to information pertaining to areas like arbitration, inspections, defaults and Section III pertains to turnover figures. Section II and III have to be certified/ countersigned by the Stock Exchange for the correctness of the information furnished.

 

The time limit for submitting the questionnaire duly filled is as follows:

 

Section I : March 15, 1998

Section II : March 31, 1998

Section III : April 15, 1998
 

 

You are advised to circulate this questionnaire to all the members of your exchange and ask them to fill it up and submit the same to you in duplicate. You are also requested to verify the information furnished by the members in Section II & Section III and certify the correctness of the same. After verifying the same one copy of the questionnaire duly signed by the broker member and the Exchange and soft copies of all questionnaires enclosed in one floppy should be forwarded to us.
 

Please treat this as urgent.

 

Yours sincerely
 
 

O.P. GAHROTRA
SR. EXECUTIVE DIRECTOR

Encl. : as above.