Cochin Stock Brokers Limited

(A subsidiary of Cochin Stock Exchange Ltd.)

36/1565, 4th Floor

MES Building, Judges Avenue

Kaloor, Kochi - 682017

 

Ref: CSBL/C/79/2008                                                                                   June 9, 2008

 

 

NOTICE

 

Our members are requested to strictly comply with SEBI/NSE/BSE requirement that pay in of funds/ securities come only from the client’s account.

 

During their annual inspection, NSE & BSE have noted instances where client funds have come from accounts which have not been declared by them at the time of client registration.  Kindly note that such payments would be treated as third party payments & thereby be in violation of the regulations/ circulars in this regard.  It is therefore requested that our members ensure that:

 

1)      The client payments come only from the accounts declared by the respective client at time of registration.

2)      In case the client has more than 1 bank account please provide the details of all such banks at the time of registration.

3)      Please ensure that your clients update any change in information given by them at the time of their client registration- in case of bank accounts which have been created after registration, please provide details along with the necessary proof.

 

Our members are requested to ensure strict compliance of the above, in order to avoid any adverse observations/penalties on this count.  Further, any penalty imposed on account of non-compliance of the above will be passed on to the sub broker.

 

 

MATHEW THOMAS

CEO& DIRECTOR

 

 

 

Cochin Stock Brokers Limited

(A subsidiary of Cochin Stock Exchange Ltd.)

36/1565, 4th Floor

MES Building, Judges Avenue

Kaloor, Kochi - 682017

 

 

Ref: CSBL/C/329/2006                                                                  July 28, 2006

 

NOTICE

 

Members may please note that the Board of Directors, CSBL at its meeting held on 05/07/2006 have decided as follows:

 

  1. To retain the brokerage of the sub-brokers to the extent of their clients dues in respect of payment delays in excess of 5 days.
  2. To refund the same to the concerned sub broker only on receipt of payment from their clients.
  3. To advice our members to make sure that continuous defaulting clients are not allowed to trade without making payment.  If the sub brokers allow further trade for these clients, a fine of Rs. 500/- would be imposed on our sub brokers account.
  4. To impose a penalty of Rs.500 per cheque in respect of those sub brokers who have a practice of entering cheque payments in the back office without receiving the cheques from their client and sell the shares at subsequent settlements thus making the ledger pay out.  Subsequently, they come up with a cancellation request for the earlier cheque entered for pay in which is a violation

 

This is for your guidance and appropriate action.

 

Thanking you.

 

Yours faithfully,

For COCHIN STOCK BROKERS LTD.

 

Sd/-

 

(MATHEW THOMAS)

CEO & Compliance Officer

 

This is a computer generated output.  Hence signature is not required

 

 

Ref: SE/LIST/167/2006                                                                                    July 26, 2006

                                                      N O T I C E

 

 

Re: CORPORATE DATABASE SOFTWARE

 

The Exchange has subscribed to the Corporate Database Software of “Capital Market” which has data on 13,000 companies, including all listed and other unlisted companies. The database, in addition to data pertaining to financial and non-financial aspects of these companies, also have research reports with quarterly analysis reports on 250 A group companies.

 

A DEMONSTRATION OF THE DATABASE SOFTWARE SHALL BE HELD ON NEXT FRIDAY, THE 28TH JULY, 2006 AT 4.00 PM AT THE EXCHANGE.

 

A limited number of IDs are available for the Members to access the above software through internet, on payment of subscription fee of maximum Rs. 10,000/- p.a.  However, if all the available IDs are subscribed, the subscription fee could be reduced proportionately. The IDs would be allotted on first applied - first allotted basis. Interested Members may apply for the above database software and they would be allotted the password to access the database.

 

Members would get the facility to view the database, free of cost, on trial basis for 15 days and thereafter can subscribe the same by paying the fees as above.

 

For password for trial period and other details, kindly contact the undersigned.

 

 

 

(SHALLY ROSE P J)

Senior Officer

 

 

Cochin Stock Brokers Limited

(Wholly owned subsidiary of Cochin Stock Exchange Ltd.)

36/1565, 4th Floor

MES Building, Judges Avenue

Kaloor, Kochi - 682017

Ref: CSBL/C/317/2006                                                                  July 11, 2006

 

To all Members

 

Sub: Fee to be imposed in case of failure on your part to display notice board in the proper format.

 

Your attention is invited to the following circulars:

(i)                 NSE/MEM/6706 Circular No.501 dated 28/09/2005 along with Annexure 1

(ii)              BSE Notice No: 20050902-21 dated 02/09/2005

                                                                                                                   

The contents of the above circular regarding the display of a permanent Notice board at a prominent place at your (sub brokers) office, showing among other things details of the trading member, details of the sub broker investor do’s and don’ts, the compulsory requirement of displaying your SEBI Registration Certificate etc., were brought to your attention and immediate action, on a number of occasions.

 

Non-compliance of the above circulars invite heavy penalty from the NSE & BSE.

 

In this connection, it is hereby informed that the Board of Directors, CSBL vide its meeting held on 05/07/2006 decided to levy a penalty of Rs.1000/- in cases of non-compliance of the above requirements, within 10 days from the date of this letter.  This is to be debited from your running account.  Please note that this action is apart from any fine that may be imposed by NSE & BSE in this regard, which would be passed on to you.

 

Thanking you

 

Yours faithfully,

For COCHIN STOCK BROKERS LTD

 

Sd/-

MATHEW THOMAS

CEO & Compliance Officer

This is a computer generated output.  Hence signature is not required.


 

Contents of the Notice Board to be displayed at Sub brokers Main office & Branch Office

1.  Name of the Trading Member 

(SEBI Registration No. BSE / NSE)

Cochin Stock Brokers Limited

INB 231076937 (NSE)

INB 011076933 (BSE)

2.  Address & Tel. No. of the Main office of the trading member (Also Name, designation & Tel. No of the contact person in the main office of Trading Member

36/1565 A 17, 4th Floor, MES Building, Judges Avenue, Kaloor ,

KOCHI 682017

Shri Mathew Thomas,

CEO & Compliance Officer

0484 2401898, 3048501

 3.  Name, Address & Tel No. (main office) of the SEBI Registered sub-broker of the above trading member.

·   (SEBI Registration No. of the sub-broker -BSE/NSE)

·   Name and Designation of the person in-charge/managing the Main office

 

4. Address and Tel. No. of the sub-broker’s Branch office, where trading terminal of above TM  is located

 

5. Name and Designation of the person in-charge/managing the branch office

 

6. BSE Investor Service Cell Tel. No.

022 - 22721233/34

Do’s

  1. Always deal with market intermediaries registered with SEBI/Exchanges (SEBI registered trading member / SEBI registered sub Broker).
  2. Give clear and unambiguous instructions to your broker/agent/depository participant.
  3. Always insist on contract notes for all the transactions from the main broker (name to be specified) within 24 hours of the trade execution. In case of doubt of the transactions, verify the genuineness of the same on the Exchange website www.bseindia.com. / www.nseindia.com  
  4. Always settle the dues through the normal banking channels with the market intermediaries.
  5. Always make payment (by account payee cheque / DD) directly to the main broker (name to be specified).
  6. Always give delivery of shares directly to the main broker (name to be specified).
  7. Adopt trading/investment strategies commensurate with your Risk bearing capacity as all investments carry risk, the degree of which varies according to the investment strategy adopted.
  8. Always sign a Member-Client Agreement or the tripartite agreement with the trading member & SEBI registered sub-broker of the trading member of BSE/NSE (as the case may be) before starting dealings.
  9. Please carry out due-diligence before registering as client with any Intermediary.  Also, carefully read and understand the contents stated in the Risk Disclosure Document, which forms the part of client registration for dealing through intermediaries in the Stock Market.
  10. For further details on Investor Rights and Obligations and other related issues, please refer to the Investor Forum Section on the BSE/NSE website @ www.bseindia.com. / www.nseindia.com or the booklet ‘Guiding Light for Investors’, copy of which is available with the TM/registered sub-broker.

Don’ts

  1. Don’t deal with unregistered brokers/sub-brokers, intermediaries.
  2. Don’t leave the custody of your Demat Transaction slip book in the hands of any Intermediary.
  3. Don’t fall prey to promises of guaranteed returns.

d.     Don’t blindly imitate investment decisions of others who may have profited from their investment decisions.

 

 

Ref: CSBL/C/302/2006                                    June 30, 2006

 

 

 

To all members

 

 

 

DP ACCOUNT HOLDERS SHOULD SUBMIT COPY OF PAN CARD TO DP ON OR BEFORE 30th SEPTEMBER 2006, ELSE THEY WILL NOT BE ALLOWED TO OPERATE THEIR ACCOUNT FROM 1st OCTOBER 2006.

 

 

This is for your information and strict compliance.

 

 

 

Mathew Thomas

CEO & Compliance Officer

 

 

Ref: CSBL/C/300/2006                                                                                             June 30,2006

 

                                                  To all Members

 

All Members are hereby notified that delivery will be available only on T+2 evening.

If the client sold the shares before T+2 and thus resulting in auction of shares, then

CSBL will not be responsible for the consequences.

 

This is for your information and record.

 

 

MATHEW  THOMAS

Chief Executive Officer

Ref: SE/A/329/2006                                                                             June 17, 2006

                                               NOTICE

 

Members are hereby informed that in order to dispose the shares lying with the Exchange,

a client registration with CSBL, through one of its Sub-brokers would be done. 

 

Those who are interested to be considered for entering into tripartite agreement, may submit

the application  in closed cover specifying the brokerage for  both speculation and  delivery.

 

The application should be submitted to the undersigned on or before 30th June, 2006.

 

FRANCIS LEWIS K.

       Manager

 

 

Ref: CSBL/C/250/2006                                                          May 30, 2006

 To All Sub Brokers

CHANGE OF RATES OF SECURITIES TRANSACTION TAX

 

With effect from 01/06/2006, the Securities Transaction Tax (STT) will be changing from 0.1% to 0.125% for delivery (both purchase and sale) and from 0.02% to 0.025% for speculation (sale).

 

This is for your information.

 

Thanking you,

 

For COCHIN STOCK BROKERS LTD.,

 

 

MATHEW THOMAS

CEO & COMPLIANCE OFFICER

 

 

Ref: SE/L/206/2006                                                               19th May, 2006

  

 

N O T I C E

 

 

Securities and Exchange Board of India has issued a  Circular MIRSD/AK/65483/2006 dated 25th April, 2006 regarding the submission of turnover details in respect of Brokers for the financial year 2005-’06.  The turnover may be submitted in Annexure “A” format on or before  June 25, 2006.  It may also be noted that the registration fees for the financial year 2005-’06 has to be paid to SEBI on or before 1st October, 2006.

 

SEBI has also informed  that in case a broker does not submit the Annexure – “A” within the stipulated time, it would be presumed that the turnover does not include any of the transactions eligible for concession and the Exchange would submit total turnover in Annexure “C” as per its records to SEBI.

 

All Members are requested to go through the circular and comply with the same.

 

 

 

(GOPIKA P.)

Legal Officer

 

 

 

COCHIN STOCK BROKERS LIMITED

36/1565, 4TH FLOOR

MES BUILDING, JUDGES AVENUE  

KALOOR, COCHIN - 682017

Ref:CSBL/C/145/2006                                                                 March 20, 2006

 

NOTICE

Dear Sir/Madam,
In view of the demand to provide new features in the BSEWebx system, BSE is launching a new Centralized Internet
Trading system. The various details of the same is provided in the BSE website in its Notice No. 20060307 – 32 dated
 07/03/2006. You are hereby informed that the existing Internet based trading available at http://www.bsewebx.com 
will be discontinued by BSE Ltd, with effect from March 31, 2006. In this regard all existing users and those desirous 
of  availing the facility are requested to submit the duly filled in Application Form available at CSBL and for further
details you may contact the Margin Department.

This is for your information.
Thanking you,
Yours faithfully,
For COCHIN STOCK BROKERS LTD.,

Sd/-

MATHEW THOMAS
CEO & COMPLIANCE OFFICER
This is a computer generated output.  Hence signature is not required

Ref: CSBL/C/133/2006                                                                                 March 10, 2006

 

NOTICE

Persons intending to open new BO Accounts please note that as per SEBI direction, PAN card is made compulsory as proof of identity for all categories of BO Accounts opened on or after 01/04/2006. 

 

The existing BO Account holders have also been directed to give details of their PAN card not later than 30/09/2006.

 

For the purposes of verification the existing BO Account holders are therefore directed to bring a copy of their PAN card with the original, to the DP for verification at the earliest, and at any rate not beyond 01/09/2006.

 

Please note that in case the Account holders fails to submit the PAN card details to DP by 30/09/2006, or the discrepancies, if any, in PAN card details are not resolved by that date, such account(s) shall be frozen for debits until PAN card details are verified and uploaded on the system.

 

This is for your information and strict compliance.

 

For COCHIN STOCK BROKERS LTD.,

 

 

(MATHEW THOMAS)

CEO & COMPLIANCE OFFICER

 

 


Ref:CSBL/C/126/2006                                                                                    March 9, 2006

 

NOTICE

 

 

Sub: Incentive systems in DP Account opening

 

CSBL has decided to extend the incentive facility at the rate of Rs.25/- per account with AMC Rs.100/- to anyone who introduces minimum 10 DP A/c’s per month.

 

Contact DP Department for further information.

 

This is for you information and record.

 

 

For COCHIN STOCK BROKERS LTD.,

 

 

(MATHEW THOMAS)

CEO & COMPLIANCE OFFICER

 

Ref:CSBL/C/78/2006                                                                                    February 17, 2006

To All Sub Brokers

 

Sub: Relevant decisions taken by the Board Of Directors, CSBL at their meeting held on 30.1.2006.

This is to inform you that the Board meeting of CSBL held on 30.01.2006 has resolved as follows:

 

1). To debit the client account in case of dishonour of cheques, which would be charged at Rs.100/-. It has been further resolved that collection charges as levied by the banks on account of clearing of cheques would be realized from the client.

2). Penalty in cases of delayed pay-in by clients.  The Board has resolved that in case pay in does not come within the T+2 cycle, a charge of Rs.15/- would be imposed on the client for transfer to CSBL BO account. In case the pay in does not come within T+3 cycle, after another period of two days, 18% per annum for the total period of 5 days will be imposed as late payment charge and also the shares would be sold from the client’s account and the client will be deactivated from trading till the pay-in is cleared.  This shall come into effect for trades carried out from 01/03/2006.

3). Non-compliance by sub brokers with NSE/BSE/SEBI Circulars. The Board, after discussions, resolved that from 1st February 2006 onwards CSBL would accept pay in of securities from the client’s designated accounts. In case of non-compliance, a fine of Rs.100/- per transaction will be imposed on the sub broker’s Brokerage Account. Any fine that may be imposed by NSE/BSE/SEBI on account of non-compliance will also be passed on to the sub broker in addition to this amount.

 

This is for your information and record.

Thanking you,

 

Yours faithfully,

For COCHIN STOCK BROKERS LTD.,

 

MATHEW THOMAS

CEO & COMPLIANCE OFFICER

 

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Ref: CSBL/C/99/2006                                                                             February 27, 2006

 

To all Members

 

Members are requested to ensure their client’s DP Authorizations status in the back office and also make sure that the DP Authorization slip has been submitted to CSBL.  In the case of off-market transaction the instructions be given not later than 4.00 p.m.  DP Authorisation will be uploaded before 5.00 p.m.  and the respective pay-ins should come each day before the time specified, failing which, CSBL will not be responsible for non-functioning of DP Authorisation.  Hence the sub brokers should ensure that the clients have the requisite shares in their clients account.  If shares are bought and sold on the same day for same scrip (trade-to-trade) CBRS will not function.  Under such situation necessary follow-up should be made by the sub brokers and make delivery of the shares on time.

 

This if for your strict compliance.

 

Thanking you,

 

Yours faithfully,

For COCHIN STOCK BROKERS LTD.,

 

Sd/-

MATHEW THOMAS

CEO & COMPLIANCE OFFICER

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NOTICE

 

ATTN ALL MEMBERS

 

It is noted that the contract notes send to clients are being bounced back due to insufficient space in their mailbox.  Hence the members are requested to inform their clients to make sure that there is sufficient space in their mailbox to receive mails.

 

 

(MATHEW THOMAS)

CEO & COMPLIANCE OFFICER

 

 

 

 

 

 

 

 

 

 

 

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Ref: CSBL/C/46/2006                                                February 3, 2006

 

To All sub brokers,

 

All our members are hereby informed that the NSE has proposed to conduct an inspection regarding operations, books , records etc., at our premises, on the 13th of February 2006, or on any day thereafter.  Our members are requested to keep all the documents/ records/books/ soft copy in connection therewith ready, to facilitate the said inspection. 

 

Also kindly ensure that the on the day of inspection and on subsequent days the trading terminal is operated only by the approved user/approved person, whose name has been uploaded by us to the NSE.

 

Thanking you.

 

Yours faithfully

 

For COCHIN STOCK BROKERS LTD

 

 

(MATHEW THOMAS)

CEO & Compliance Officer

  

 

 

 

 

 

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Ref: CSBL/C/37/2006                             January 31, 2006

 

 

NOTICE

 

For the attention of the sub-brokers of CSBL

 

All the sub brokers are hereby informed that it has been resolved at the CSBL Board Meeting held on 30.01.2006 that from 01.02.2006, CSBL will accept pay-in of securities only from the clients designated account.  In case of any non-compliance in this regard, a fine of Rs.100/- will be imposed, per transaction on the sub-brokers who don’t comply.  Further, any fine that may be imposed by NSE/BSE/SEBI, on account of such non-compliance will be passed on to the sub-brokers, in addition to this amount.

 

 

 

(MATHEW THOMAS)

CEO & COMPLIANCE OFFICER

 

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For The attention of clients and sub brokers

 

The Board meeting of the CSBL held on 30.01.206 has resolved to debit the client account in case of dishonour of cheques, which would be charged at Rs.100/-.  It is further resolved that collection charges as levied by the banks on account of clearing of cheques would be realized from our clients.

 

MATHEW THOMAS

CEO & COMPLIANCE OFFICER

31.01.2006

 

 

 

 

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Those members who have submitted clients DP Authorisation for automatic sweeping of share are requested to check the same in CBRS and also verify that the forms are submitted to the DP departments.  Members may also ensure that the pay in is made on T + 2 day itself, failing which the client shall be deactivated and the shares will be sold on T+3.  CSBL will not be responsible for any auction that takes place in this regard.  Shares will be accepted only from clients A/c, otherwise the DP authorization will not function.