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NOTICES
Notice No.   20230419-10   Notice Date   19 Apr 2023
Category   Settlement/RMS   Segment   General
Subject   Submission of Half yearly Networth Certificate as on March 31, 2023 for the financial year 2022-2023
Attachments   Networth Submission- User Manual.docx ; Annexure.docx ; Annexure.docx ; Action For Non-Compliance.docx ;
Content

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

Name of Officials

Direct Line Number

Email

Sneha Sahadevan

022-22725075

iccl.membership@icclindia.com

Praveen Poojary

022-22728788

G.V. Kumar

022-22728365

 

For and on behalf of Indian Clearing Corporation Ltd.

 

Roanna Lewis

Senior Manager