Securities and Exchange Board of India (SEBI)
SMD/1688/96
April 30, 1996
To,
The President/Executive Directors
Managing Directors, all recognised
Stock Exchanges in India
Dear Sir,
Please refer to our circular letter No SE/10453 dated September 9, 1991 in terms of which President/Executive Directors / Managing Directors of the Stock Exchanges are required to send a monthly D.O., letter addressed to our Chairman giving information on average daily turnover at the Stock Exchange during the month, delays in settlement and pay-outs compared to scheduled dates, steps taken to regulate the market, etc., Although the Stock Exchanges have been sending D.O. letters to SEBI more or less on a regular basis, it is observed that the required information is not furnished by them on a uniform basis. Each stock exchange has devised its own format for reporting monthly developments.
With a view to bring about uniformity in the matter of reporting monthly development at the Stock Exchanges a revised format of “monthly development report” has been devised and a copy of the same is enclosed.
You are requested to send the information in the enclosed format from the month of April 1996 onwards and despatch the same within 7 days from close of each month.
The information may please be forwarded to us with a covering letter addressed to Executive Director, SMD, SEBI.
The D.O. letter required to be sent in terms of our circular letter dated September 9, 1991 referred to above may please be discontinued.
Yours faithfully,
sd/-
M.D. PATEL
EXECUTIVE DIRECTOR
Encl: As above
MONTHLY DEVELOPMENT REPORT
(FORMAT)
1. TRADING AND SETTLEMENT CYCLE DURING THE MONTH
a. No. of trading days during the month
b. Average daily turnover during the month (single sided)
c. No. of settlements i.e. pay-outs completed during the monthDETAILS OF SETTLEMENTS & TURNOVER (A and B group separately wherever applicable )
| Sett no | Trading Period |
Scheduled Pay-in day | Actual Pay-in day | Scheduled Pay-out day | Actual pay-out day | Reasons for delay, if any | Gross turnover of the Settl.- single side (Rs.in crores) | Value of shares delivered (Rs.in crores) | % of deliveries with respect to gross turnover |
2. Index Movement during the month (wherever applicable).
| Open | High | Low | Close | Remarks for fluctuation of index (if more than 5%) |
3. LISTING
a (i) Number of companies listed/re-listed during the month :
(ii) Number of companies de-listed during the month :
| Listing Fee received during the month Financial Year (Cumulative) | Amount of Listing Fee Remitted to |
| SEBI 5% * Remittance Particulars |
* Applicable for the end of each quarter
(b) Details of the companies to whom listing is granted after 70th day from closure of the issue
| Name of Company | Date of closing of the Issue | 70th day from the closure of issue | Date of listing approval granted to the company by the exchange | Remarks |
4. REGULATORY MEASURES
a. Details of cases where special margins have been imposed/withdrawn.
| Sr. No. | Name of the scrip | Daily Margin | Date of imposition/ withdrawal |
| Purchase Sale |
b. Details of scrips suspended for trading during the month.
| Sr. No. | Name of the scrip | Duration of suspension | Reason of suspension |
c. Disciplinary Action taken against members
| Sr. No. | Name of member | Nature of irregularity/violation | Details of action taken |
d. Details of scrips which have been put on “spot basis”
| Name of Scrip | Date and period for which scrip was on spot delivery | Reasons |
e. Details of any other regulatory measures taken :
5. AUDIT REPORTS
| Total no. of members | No. of active members | No. of members who have submitted audit reports for the year 1994-95 | No. of members who have submitted audit reports for the year 1995-96 | Action taken against the members for not submitting audit reports in the previous year (1994-95) |
6. INSPECTION OF MEMBERS
| Total no. Of members | No. of active members | No. of members inspected during the month | Cumulative no. Of members inspected during the current financial year | % of active members inspected during the year | Brief description of violation noticed | Action taken against inspected members |
7. COMPLAINTS RECEIVED FROM INVESTORS AGAINST COMPANIES AND BROKERS
i. Complaints against companies.
| Pending at the beginning of the month | Received during the month | Resolved during the month | Pending at the end of the month | Action taken against companies where a large no. of complaints are pending for 2-3 months |
ii. Complaints against brokers.
| Pending at the beginning of the month | Received during the month | Resolved during the month | Pending at the end of the month | No. of complaints pending for more than one month and brief reasons thereof |
8. ARBITRATION (MEMBER VS NON-MEMBER).
| Pending at the beginning of the month | Received during the month | Resolved during the month | Pending at the end of the month | Details of arbitration cases which are pending for more than four months along with reasons |
9. DEFAULTS OF MEMBERS
| No. of member declared defaulter during the month | Details of defaults cases | Cumulative no. of default cases during the current financial year |
10. STATUS ON COMPUTERISATION AND RELATED ISSUES
11. STATUS ON SETTING UP OF CLEARING HOUSE/CLEARING CORPORATION.
12. IMPORTANT DECISIONS TAKEN BY GOVERNING BOARD/COUNCIL OF MANAGEMENT DURING THE MONTH.
13. ANY OTHER IMPORTANT DEVELOPMENT.
