Trading Members of the Exchange are hereby requested to submit Networth Certificate & Computation of Networth as on March 31, 2023, as per formats prescribed (as applicable) latest by May 31, 2023.
Further, the Members who have availed margin trading facility have to submit the networth certificate and computation of networth on or before April 30, 2023. It may be noted that no additional time shall be provided for submission of networth certificate beyond the due date.
1. Submissions of networth certificate & computation of networth are required to be made online in electronic format through BSE Portal (BEFS: BSE Electronic Filing System) by April 30, 2023, by the Members who have availed margin trading facility and other Members by May 31, 2023.
2. Members are requested to adhere and comply with the applicable Networth (i.e., higher of the base networth or variable networth) as stated in the SEBI gazette notification No. SEBI/LAD-NRO/GN/2022/73 dated February 23, 2022. Members are advised to refer to Exchange notice no.19 dated February 03, 2023, for clarification on ascertaining networth as per SEBI gazette notification.
3. Details of the documents to be submitted are mentioned below:
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Sr. No.
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Particulars
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Annexure
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1
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Networth requirement & method of computation as per the type of membership
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Annexure 1
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2
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Networth certificate (for Banks only)
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Annexure 2
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3
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Networth certificate (for Members availing margin trading facility)
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Annexure 3
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4
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Computation of networth (SEBI prescribed)
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Annexure 4
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4. The BSE Portal (BEFS) link is available for updating/uploading abovementioned details.
5. Details regarding actions for non-compliance of the provisions of this notice are provided in Annexure 5.
6. Procedure for online submission of the documents through BEFS is provided in the BEFS Help Guide Manual.
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Name of Officials
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Direct Line Number
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Email
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Mr. Nagrajan Mudaliar
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022-22728287
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membership.ops@bseindia.com
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Mr. Prakash Bhat
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022-22728466
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Mr. Amit Kadam
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022-22728010
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Mr. Sriram Iyer
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022-22728275
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Amit Kadam Sriram Iyer
Asst. General Manager - Membership Operations Manager - Membership Operations
Encl: Annexures, Help Guide and Action for Non-Compliance
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