Revised format of the Monthly Development Report - SEBI - SMD/Policy/Cir-51/2001

Circulars General Manager Secondary Market Department e-mail : [email protected] SMD/Policy/Cir-51/2001 November 08, 2001 To Executive Directors/ Managing Directors All the stock exchanges Dear Sir/Madam, Sub:- Revised format of the Monthly Development Report The Stock Exchanges are required to submit Monthly Development Reports within seven days from the close of each month as per SEBI circular No. SMD/1688/96 dated April 30, 1996. The format of the Monthly Development Report (MDR) has been revised as per the enclosed format. Stock Exchanges are requested to submit the MDR in the revised format from the month of November 2001 onwards. Yours faithfully P K Bindlish Encl: as above Monthly Development Report for the Month of................................ w.e.f. the month of November 2001 Section I : Statistical Details 1. A. Details of Rolling Settlements completed during the month : 1 2 3 4 5 6 7 8 Sett. No. Trading date Trading turnover Outstanding position Delivery for the settlement Percentage Delivery Shortage in deliveries Percentage Shortage as on deliveries No. of shares Rs. No. of shares Rs. No. of shares Rs. 9 10 11 12 13 14 Amount of funds to be settled Amount of shortfall in funds % of shortfall (of the amount of funds to be settled) Amount of SGF/ TGF applied towards shortfalls on the payout day Cumm. SGF/ TGF applied as on the payment day Action taken by the exchange in respect of shortfalls Difference between amount of funds to be settled and amount of funds actually settled The Exchanges should enclose the list of members who have made short pay-in *The details pertaining to sources of funds for meeting the shortfall, in case the SGF/TGF has not been accessed for meeting the shortfall, may be provided. B. Details of Account Period Settlements completed during the month: 1 2 3 4 5 6 7 8 9 Sett. No. Trading period Gross turnover for the settle- ment (single sided) Rs. Crores. Scheduled pay-in day Actual pay-in day Scheduled pay-out day Actual pay- out day Reasons of delay, if any Details of pay-out withheld, if any 10 11 12 13 14 15 16 17 18 19 No. of shares to be delivered Value of shares to be delivered Delivery % (of single sided gross turnover) Shortages in No. of shares Value of shortages % of shortages (of shares to be delivered) No. of Shares auctioned/ closed out Value of shares auctioned/ closed out Details of shares neither auctioned nor closed out with reasons thereof Demat delivery as percentage of total delivery (In value terms) In No. In Value Difference between No. of shares to be delivered and No. of shares actu- ally delivered Difference bet- ween value of shares to be delivered and value of shares Actually delivered 20 21 22 23 24 25 Amount of funds to be settled Amount of shortfall in funds % of shortfall (of the amount of funds to be settled) Amount of SGF/TGF applied towards short- falls on the pay-out day Cumm. SGF/TGF applied as on the pay-out day Action taken by the exchange in respect of shortfalls Difference between amount of funds to be settled and amount of funds actually settled. The Exchanges should enclose the list of members who have made short pay-in. *The details pertaining to sources of funds for meeting the shortfall, in case the SGF/TGF has not been accessed for meeting the shortfall, may be provided. C. The list of scrips declared eligible for special bar gains during the month and duration thereof. 2. Details of the indices compiled by the Exchange Open - High - Low - Close - Daily data for the month (Remarks for fluctuations of more than 5% within a day). The data for the month should give figures for the last day of the previ ous month. The constituent scrips in the index for the first month of the revised format being applicable should be reported. Subsequent reports should only intimate the constitution only when the same is revised. 3. Other Statistical Details - Current Financial Year Important : The data for all the months previous to the month for which the report is being submitted should also be in the table. - For calculating the monthly figures, please use data of only the completed settlements during the month. - The cumulative figures are for the current financial year. Items Apr. May June ... ... ... ... ... ... ... Feb. March Cumulative total for the year 1. Volume of Turnover (Rs. crores) (single sided) - Total of equity segment 2. Volume of Turnover (No. of shares) (in lakhs) - Total of equity segment 3. No. of Trading days 1. No. of Trades (in thousands) (equity seg.) 2. Deliveries (Rs. crores) - Total for equity segment 6. Deliveries (No. of shares) (in lakhs) - Total for equity segment 7. -% Share of (equity segment) - Top 5 scrips in total turnover - Top 10 scrips in total turnover 8. Total Companies Listed 1. Market Capitalisation of (8) above (Rs. crores). 2. Listed Companies for which the Exchange is Regional Stock Exchange (equity segment). 3. Market Capitalisation of (10) above (Rs. crores). 4. No. of Permitted Companies. 5. No. of inactive equity scrips (not a single trade during the current financial year, separately for listed and permitted securities). 6. No. of Brokers/Trading Members. - Individual - Corporate - Others - Total 15. No. of Inactive Brokers in each of the above three categories, and total figure (Not a single trade during the current financial year) 1. FII Details - Gross FII Purchases at the Exchange - Gross FII Sales at the Exchange - Net FII Investment - Cumulative net FII investment at the Exchange since 1992 2. No. of equity scrips quoting below par (only for the scrips for which the exchange is the regional exchange) Note : u If there is a debt segment at the exchange, the information for the same may be provided separately. u The turnover details of the other segments (other than normal market segment) such as 3-day segment, limited physical segment, etc., should be reported separately. 4. Details of Subsidiary 1. Name of the subsidiary/company floated by the exchange. 2. Name of the exchange whose membership has been ob tained. 3. Date of Registration Certificate granted by SEBI. 4. Date of Commencement of trading. 5. No. of Registered Sub-brokers. 6. Number of active Sub-brokers (trading in subsidiary) as on date. 7. Turnover details (In Rs. Lakhs) Name of subsidiary April May June July ... Cumulative total for the year Section II 1. (a) Listing ( i ) Number of companies listed/re-listed during the month : ( ii ) Number of companies de-listed during the month : ( iii ) Cumulative No. of companies listed on the Exchange as at the end of month : Listing Fee received during the month Listing Fee received during 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 2. Governing Board and Statutory Committees ( i ) Composition of the Governing Board Names Category Date of Appointment Date of Last Renewal of the term Date of Expiry of current term ( ii ) Composition of Statutory Committees Names Category Date of Appointment Date of Last Renewal of the term Date of Expiry ofcurrent term 3. Details of specific purpose funds ( i ) Details of Settlement Guarantee Fund Composition of SGF Rs. (Crs.) Corpus as of end of previous month Add : Accruals to the Fund during the month Less : Fund utilised during the month Corpus as of end of the month ( ii ) Details of Investor Protection Fund Composition of IPF Rs. (Crs.) Corpus as of end of previous month Add : Accruals to the Fund during the month Less : Funds disbursed during the month Corpus as of end of the month ( iii ) Details of Investor Services Fund Composition of ISF Rs. (Crs.) Corpus as of end of previous month Add : Accruals to the Fund during the month Less : Expenses charged to the Fund during the month Corpus as of end of the month 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 Sales 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 Note : The number of terminals deactivated during the month should be mentioned. The details pertaining to cases of deactivation of terminals for three consecutive days or more should be furnished. d. 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 previous F.Y. No. of members who have submitted audit reports for the current F.Y. Action taken against the members for not sub- mitting audit reports in the previous F.Y. *At least 1 trade during the financial year In case the Exchange has imposed a fine for late submission, the collection of fine from such members should also be mentioned as a note to the tabulation. 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 *At least 1/10 of the average turnover of brokers on the exchange. 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 more than 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 iii. Complaints referred by SEBI against the exchange/brokers/companies 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 iv. Complaints against sub-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 v. Non-member). (A) Details of arbitration cases Pending at the beginn- ing of the month Received during the month Awards passed during the month For X the amount set aside by the Exchange Pending at the end of the month Details of arbitration cases which are pending for more than four months along with reasons In favour of non- member X In favour of member No. of cases Amount in Rs. No. Rs. (B) Details of Implementation of Arbitration Awards Member-wise statement of unimplemented (where the deposit has not been set aside) Sr. No Name of the member Number of awards un-implemented Amount involved Action taken by the Exchange (C) Complaints received by the Exchange against the Arbitration mechanism of the Exchange Opening balance Complaints received during the month Resolved during the month Nature of the complaint Closing balance Comment of the exchange 9. Defaults of members No. of member declared defaulter during the month Details of defaults cases Cumulative no. of default cases during the current financialyear 10. Status on computerisation and related issues The information should include- the number of cities covered across the country total number of trading terminals set up across the country the number of trading terminals set up abroad the number of approvals granted for internet trading details pertaining to disruptions in trading 11. Important decisions taken by governing board/council of management during the month The Exchange should confirm that the items that should necessarily be discussed at every board meeting as identified in our circular dated August 27, 1996 have been considered in the Board/Council meetings held during the month. Major acquisition/disposal of assets as well as creation/settlement of liabilities should be reported. 12. Attendance details of public representatives and SEBI Nominee directors on governing body of the exchange. Table (A) Date of meetings held during the month Date of issue of notice convening the meetings No. of attendees SEBI Nominee Directors/Public Representatives Date of approval of minutes of the meetings 13. Status of implementation of circulars issued by SEBI during the past three months. Circular No. date Provisions in the circular Due date for implementation of the provisions Date of implementation of the provisions Date of notification in Gazette* Note : Copies of the circulars/notices issued to the members pursuant to SEBI circulars should be submitted. *In case where circulars issued by SEBI warrant amendments to Rules and Bye-laws, the exchange should furnish the date of notification in the Gazette. 14. Any other important developments. Date : For .................... Stock Exchange Name :.......................... Designation :....................