“Pro – account” trading terminal

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..... hanges Dear Sir/Madam, Sub:- Pro account trading terminal 1. During the course of inspections carried out by SEBI and stock exchanges of the books of accounts and other documents of members, it has been observed that certain members are putting large number of orders on pro-account from various locations rather than using pro-account at the terminals located at .....

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..... e above location shall have a facility to place orders only for and on behalf of a client by entering client code details as required / specified by the Exchange / SEBI. 2.3. In case any member requires the facility of using pro-account through trading terminals from more than one location, such member shall be required to submit an undertaking to the stock exchange stating the reason .....

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..... . 4.3. communicate to SEBI, the status of the implementation of the provisions of this circular in Section II, Item No. 13 of the Monthly Development Report for the month of August, 2003. 5. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts .....

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