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NSE asks brokers to submit net worth certificate by May 31

Press Trust of India  |  New Delhi 

Leading bourse (NSE) today asked brokers to submit net worth certificate in electronic format for the half-year ended March 31 by the end of next month.

In case the reported net worth is less than the minimum requirement or has a variation of 25 per cent or more as compared to the previous half-yearly (April-September) net worth reported, brokers will have to mention the reason for the same, said in a circular.

"Members are hereby requested to submit half yearly net worth certificate as on March 31, 2017 on or before May 31, 2017 as per the continuing membership norms of the exchange," it added.

As per norms, corporate brokers with a net worth of at least Rs 3 crore are eligible for offering margin trading facility to their clients.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 19 2017. 20:02 IST