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 […]
Articles Tagged: SEBI
What is the new mechanism of pledge and re-pledge for collateral?
Current system To get higher exposure you can deposit the cash or use stocks in your demat account as collateral. When a client pledges the share to get extra intraday exposure or overnight position, the shares used to be transferred to the broker’s margin account (from client’s demat account to broker’s demat account for margin […]
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 […]
How to reset 2FA questions and answers?
2FA questions are the authentication questions that are being asked while you login into your trading terminals. 2 questions are being replaced with only one question. This question will be your year of birth by default. Ex: If your date of birth is 27th November 1980 then 2FA authentic answer will be 1980. Whenever you […]
What is the security of my money with TradeSmart?
Kindly go through the below points which list few of the measures taken by us to ensure the safety and security of your funds with us. We are a SEBI and FMC registered broker and SEBI takes action against brokers found indulging in unlawful activities. Our SEBI and FMC registration nos. can be found at […]
When was your company established & which segments do you have the membership ?
The Company was established in 1994 and is registered as VNS Finance & Capital Services Ltd with SEBI, NSE, BSE & as VNS Commodities Pvt Ltd. with MCX & NCDEX.
Why do I have to sign at so many places in your account opening form?
All signatures are mandatory as per SEBI rules & regulations
Can I operate a joint account on “either or survivor” basis just like a bank account?
According to SEBI regulations, a trading account cannot be operated as a joint account.