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Rule 15 - Books of account and other documents to be maintained and preserved by every member of a recognised stock exchange - Securities Contracts (Regulation) Rules, 1957Extract Books of account and other documents to be maintained and preserved by every member of a recognised stock exchange 15. (1) Every member of a recognised stock exchange shall maintain and preserve the following books of account and documents for a period of five years: (a) Register of transactions (Sauda book). (b) Clients' ledger. (c) General ledger. (d) Journals. (e) Cash book. (f) Bank pass-book. (g) Documents register showing full particulars of shares and securities received and delivered. (2) Every member of a recognised stock exchange shall maintain and preserve the following documents for a period of two years: (a) Members' contract books showing details of all contracts entered into by him with other members of the same exchange or counter-foils or duplicates of memos of confirmation issued to such other members. (b) Counter-foils or duplicates of contract notes issued to clients. (c) Written consent of clients in respect of contracts entered into as principals.
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