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NSE asks traders to submit annual returns for FY17 by Sept 30

As per norms, delay in submission of annual returns attract a penalty of Rs 100 per day

Press Trust of India  |  Mumbai 

A man walks past the NSE (National Stock Exchange) building in Mumbai on December 27, 2016. (Photo: Reuters)

Leading stock exchange has asked trading members to submit their respective for fiscal 2016-17 by September-end with certain additional financial details.

Annual Returns, which includes balance sheets, are required to be submitted only by way of upload in electronic format through the exchange's ENIT (Electronic Interface for Trading Members) system.


"Members are hereby requested to submit that is balance sheet, profit & loss account, details in respect of shareholding, directors, etc as may be applicable for the fiscal year ended on March 31, 2017, as per prescribed formats latest by September 30, 2017," said in a notice.

The exchange also said that the members are required to provide four additional financial details as prescribed under enhanced supervision guidelines.

These details are on advance/margin/collaterals from customers, inter-corporate given, value of or advances or loans in group companies or associates or firms or entities and value of maximum outstanding inter corporate debts given during the year.

As per norms, delay in submission of attract a penalty of Rs 100 per day of delay for the first month after due date till the date of submission.

Further, a fine of Rs 200 per day would be levied for delay for the second month after due date till the date of submission, this will go up to Rs 300 per day of delay for the third month after due date till the date of submission.

Following this, from fourth month after due date onwards, actions as may be decided by the relevant authority will be initiated.

First Published: Sun, August 27 2017. 15:05 IST
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