Dse Agrees To Changes In Cap Adequacy Norms

The DSE board, which met on Wednesday, has also hiked the fee payable by brokers towards investor protection from Rs 200 to Rs 500 per month.

Virender Singh, a member of the exchange, has been suspended for allegedly assaulting an investor while two other members have been declared defaulters for failing to make payments on time.

The exchange board has removed the clause that only the scrip which is quoted above Rs 30 will be considered as eligible for meeting the capital adequacy requirement.

According to the current norms, 50 per cent of the capital adequacy requirement can be deposited in the form of shares.

 

However, till yesterday, only the scrips quoted at Rs 30 and above could qualify for deposit towards capital adequacy.

This meant that a number of Unit Trust of India (UTI) shares, for instance, which have a large holding, could not be considered as eligible for fulfilling the limit.

The governing board of theDelhi bourse has now said that a share at par will be considered fit provided the paid up share capital of the concerned company is Rs 5 crore or the market capitalisation is Rs 15 crore.