Electronic issuance of contract notes – Additional conditions

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..... Electronic issuance of contract notes Additional conditions 1. Please refer to SEBI circulars No. SEBI/SMD/SE/15/2003/29/04 dated April 29, 2003 and SMDRP/Policy/Cir-56/2000 dated December 15, 2000 on the captioned subject. 2. It is hereby specified that in addition to the conditions specified in the aforesaid circulars and the provisions of the Information Technology Act, 2000 .....

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..... 2.3 Requirement of digital signature All ECNs sent through the e-mail shall be digitally signed, encrypted, non-tamperable and shall comply with the provisions of the IT Act, 2000. In case the ECN is sent through e-mail as an attachment, the attached file shall also be secured with the digital signature, encrypted and non-tamperable. 2.4 Requirements for acknowledgement, proof .....

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..... log report shall also provide the details of the contract notes that are not delivered to the client/e-mails rejected or bounced back. ii. Also, the member shall take all possible steps (including settings of mail servers, etc) to ensure receipt of notification of bounced mails by the member at all times within the stipulated time period under the extant regulations of SEBI/stock exchange .....

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..... further strengthen the electronic communication channel, the member shall simultaneously publish the ECN on his designated web-site in a secured way and enable relevant access to the clients. 2.6.2 Access to the website In order to enable clients to access the ECNs posted in the designated website in a secured way, the member shall allot a unique user name and password for the purpose, w .....

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..... in Section II, item no. 13 of the Monthly Development Report. 4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, V S SUNDARESAN - Circular - Tr .....

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