Attention of the clearing members is drawn to submission of half yearly networth certificate as on March 31, 2023 and also to BSE notice No. 20230412-51 dated April 12, 2023 issued in this regard. All clearing members of ICCL as on March 31, 2023 are required to submit networth certificate in the requisite format to ICCL. Details of the documents to be submitted is mentioned in attached annexure. Clearing members are hereby requested to submit networth certificate, computation of base networth and variable networth as on March 31, 2023 as per formats prescribed (as applicable) latest by May 31, 2023.
Members are requested to adhere and comply with the applicable Networth i.e. higher of base networth or variable networth as stated in the SEBI gazette notification No. SEBI/LAD-NRO/GN/2022/73 dated February 23, 2022.
Members who are Self-Clearing Members (SCM) shall submit their networth certificate via BEFS portal as per the aforesaid exchange specified notice which will also be considered by ICCL for monitoring their networth compliance as a clearing member. Accordingly, such members shall not be required to make separate submission of networth certificate as clearing members to ICCL. However, members who are Trading cum Clearing Members (TCM), Professional Clearing Members (PCM) and Custodians shall submit their networth certificate separately to ICCL via ICCL Electronic Filing System (IEFS). Kindly refer to attached networth submission- user manual document for procedure to be followed for online submission through IEFS
Details regarding actions for non-compliance of the provisions of this notice is provided under attached Action for Non-Compliance document.
In case of any queries members may contact the following officials
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Name of Officials
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Direct Line Number
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Email
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Sneha Sahadevan
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022-22725075
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iccl.membership@icclindia.com
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Praveen Poojary
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022-22728788
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G.V. Kumar
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022-22728365
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For and on behalf of Indian Clearing Corporation Ltd.
Roanna Lewis
Senior Manager |