Saturday, February 21, 2009

What details are required to be mentioned on the contract note issued by the stock broker?

A broker has to issue a contract note to clients for all transactions in the
form specified by the stock exchange. The contract note inter-alia should
have following:

  • Name, address and SEBI Registration number of the Member broker.
  • Name of partner/proprietor/Authorised Signatory.
  • Dealing Office Address/Tel. No./Fax no., Code number of the member given by the Exchange.
  • Contract number, date of issue of contract note, settlement number and time period for settlement.
  • Constituent (Client) name/Code Number.
  • Order number and order time corresponding to the trades.
  • Trade number and Trade time.
  • Quantity and kind of Security bought/sold by the client.
  • Brokerage and Purchase/Sale rate.
  • Service tax rates, Securities Transaction Tax and any other charges levied by the broker.
  • Appropriate stamps have to be affixed on the contract note or it is mentioned that the consolidated stamp duty is paid.
  • Signature of the Stock broker/Authorized Signatory.

No comments:

Post a Comment