Settlement of Securities As per the SEBI circular, settlement of running account for securities has been discontinued because there will not be any change in the ownership of the securities when pledged. Therefore the settlement is applicable only for funds, once in every 30/90 days. Settlement of Funds Quarterly settlement is an initiative taken by […]
How To Link Pan Card with Aadhar?
It is mandatory to link Aadhaar number with Permanent Account Number (PAN) by 30th September 2021 as per SEBI Circular. The PAN will be considered invalid from 1st Oct 2021 if it’s not linked with your Aadhaar number before the deadline. In case your Aadhaar is not linked with PAN before the date specified your […]
Why ASM and GSM stocks are blocked for trading?
Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM) are the measures taken by SEBI and Exchanges to impose trading curbs on excessively volatile stocks and to enhance market integrity and safeguard interest of investors. This is in continuation of various existing surveillance measures like price band, periodic call auction and transfer of securities to […]
How order Based Surveillance Measure works to reduce excessive order modifications/cancellations?
According to the NSE Circular dated March 26, 2021 “in order to further strengthen the order level surveillance mechanism, there shall be an additional order based surveillance measure to deter persistent noise creators i.e. excessive order modifications/cancellations with an intent to avoid execution.” Why Is It Required? The SEBI has introduced such measures to reduce […]
Why is an additional margin charged for Crude Oil & Natural Gas contracts close to expiry?
The MCX (Multi Commodity Exchange) collects an additional margin on Crude Oil & Natural Gas contracts on the last 5 trading days before expiry (called “tender period”). The additional margin will be applicable from April 2021 expiry onwards as per this exchange circular. The additional margin amount (also called the pre-expiry or tender margin) is […]
Where can I find the information on the Reliance Rights Issue?
Rights issue (RI) is an offer that a company grants its shareholders the right to buy the additional shares of the company at a discounted price to the current market price. Reliance has announced rights issues and the details are as mentioned below. Ratio: 1:15 (You shall receive 1 equity share for every 15 shares […]
2020 List of stock market trading holidays – BSE and NSE
Stock Market Holidays List 2020 BSE, NSE and NSE FNO Given below is the list of trading holidays for NSE, BSE and NSE FNO for the calendar year 2020. Sr.No. Holidays Date Day 1 Mahashivratri 21-Feb-20 Friday 2 Holi 10-Mar-20 Tuesday 3 Ram Navami 02-Apr-20 Thursday 4 Mahavir Jayanti 06-Apr-20 Monday 5 Good Friday 10-Apr-20 […]
What are the Stamp duty rates charged?
As per union budget 2019-20, central government has simplified the collection of Stamp Duty process and decided to collect a uniform Stamp Duty rate across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations. Click Here to know the uniform stamp duty rates. Below are the old stamp […]
How to avoid spam calls?
Generally we observe that we start receiving calls when we inquire or open an account with any of the financial services provider. Kindly note that Trade Smart does not share any data with any unauthorized party. There are various places they may get these details from. For example, Mobile Apps which ask to read your […]
How can I update my income details to comply with SEBI guidelines?
As per the exchange circular, brokers are required to review clients financial details and proofs periodically to allow clients to continue trading in derivative segments. Any of the below documents will suffice as financial proof: Latest 6 months Bank account statement Latest 3 months salary slip Copy of ITR acknowledgment Copy of Form 16 in case […]