BSE extends time for brokers to submit networth certificate
PTI|
Nov 02, 2017, 08.31 PM IST
Leading bourse BSE today extended the deadline for brokers to submit networth certificate, auditors report and annual accounts for the past fiscal through electronic format till November 7.
The exchange had earlier asked its trading members to submit the documents by October 31.
"Last date for submission of networth certificate, computation of networth, auditor's report and audited annual accounts for the financial year ended on March 31, 2017 is extended up to November 7, 2017," the BSE said in a circular.
The exchange has asked all the members to submit complete documents on time in order to avoid any penal action for late or non-submission.
Last month, the BSE announced that it would impose fine and can also de-activate the trading terminals in case a member fails to submit the details within the prescribed timeline.
A fine of Rs 100 per day will be slapped till the first month from the due date and Rs 200 each day from the second month after the due date and Rs 300 per day till the date of submission or date of discontinuation of margin trading facility, whichever is earlier, the exchange had said.
The exchange had earlier asked its trading members to submit the documents by October 31.
"Last date for submission of networth certificate, computation of networth, auditor's report and audited annual accounts for the financial year ended on March 31, 2017 is extended up to November 7, 2017," the BSE said in a circular.
The exchange has asked all the members to submit complete documents on time in order to avoid any penal action for late or non-submission.
Last month, the BSE announced that it would impose fine and can also de-activate the trading terminals in case a member fails to submit the details within the prescribed timeline.
A fine of Rs 100 per day will be slapped till the first month from the due date and Rs 200 each day from the second month after the due date and Rs 300 per day till the date of submission or date of discontinuation of margin trading facility, whichever is earlier, the exchange had said.
