The document provides an overview of the Indian securities market and the role of the Securities and Exchange Board of India (SEBI). It discusses SEBI's key mandates of protecting investor interests, regulating the securities market, and promoting market development. It also summarizes SEBI's major work in improving market design and regulation, increasing efficiency and transparency, and making newer products available. Finally, it outlines the structure of the Indian securities market including the roles of intermediaries like stock exchanges, brokers, clearing corporations, and depositories.
this ppt is about the financial services .whats the financial services, types of financial services,functions of financial services,importance of financial services,features of financial services,Indian financial system as well as international financial management.
this ppt is about the financial services .whats the financial services, types of financial services,functions of financial services,importance of financial services,features of financial services,Indian financial system as well as international financial management.
Portfolio revision, securities, New securities, existing securities, purchases and sales of securities, maximizing the return, minimizing the risk, Transaction cost, Taxes, Statutory stipulations, Intrinsic difficulty, commission and brokerage, push up transaction costs, reducing the gains, constraint, Taxes, capital gains, long-term capital, lower rate, Frequent sales, short-term capital gains, investment companies, constraints, established, objectives, skill, resources and time, substantial adjustments, mispriced, excess returns, heterogeneous expectations, better estimates, generate excess returns, market efficiency, little incentive, predetermined rules, changes in the securities market, Performance measurement, Performance evaluation, superior or inferior, small investors, better performance, prompt liquidity, comparative performance, purchase and sale of securities.
Portfolio revision, securities, New securities, existing securities, purchases and sales of securities, maximizing the return, minimizing the risk, Transaction cost, Taxes, Statutory stipulations, Intrinsic difficulty, commission and brokerage, push up transaction costs, reducing the gains, constraint, Taxes, capital gains, long-term capital, lower rate, Frequent sales, short-term capital gains, investment companies, constraints, established, objectives, skill, resources and time, substantial adjustments, mispriced, excess returns, heterogeneous expectations, better estimates, generate excess returns, market efficiency, little incentive, predetermined rules, changes in the securities market, Performance measurement, Performance evaluation, superior or inferior, small investors, better performance, prompt liquidity, comparative performance, purchase and sale of securities.
What is Equity Market
How to understand trading in Equity market
How to invest in Equity Market
How to trade in Equity Market
How to earn in Equity Market
This book provides basic information about the stock market to the beginners. Your all doubts have been cleared after reading this book related to the stock market investment.
The Only BUY-SELL Program of MTNS In The World from 1M Euros PPP/HYIP.Direct ...vicente piqueras
The Only BUY-SELL Program of MTNS In The World from 1M Euros
PPP/HYIP.Direct from the bank and Trader-Licenced Traders
lawyers.and.economists@gmail.com
The Only BUY-SELL Program of MTNS In The World from 1M Euros PPP/HYIP.Direct ...vicente piqueras
The Only BUY-SELL Program of MTNS In The World from 1M Euros
PPP/HYIP.Direct from the bank and Trader-Licenced Traders
lawyers.and.economists@gmail.com
Similar to Introduction to securities markets (20)
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
2. DISCLAIMER
The information contained in this material is for only educational and awareness
purposes related to securities market and shall be used for non-profitable educational
and awareness activities for general public.
No part of this material can be reproduced or copied in any form or by any means or
reproduced on any disc, tape, perforate media or other information storage device, etc.
without acknowledging the SEBI or Stock Exchanges or Depositories.
SEBI or Stock Exchanges or Depositories shall not be responsible for any damage or
loss to any one of any manner, from use of this material.
Every effort has been made to avoid errors or omissions in this material. For recent
market developments and initiatives, readers are requested to refer to recent laws,
guidelines, directives framed thereunder and other relevant documents, as being
declared from time to time. For any suggestions or feedback, you may send the same
to visitsebi@sebi.gov.in.
2
4. FLOW OF PRESENTATION
Introduction to SEBI and Indian Securities Market (MIIs,
Companies and Investors).
Introduction to Primary Market and Secondary Market.
Pre-requisite and Due Diligence for buying/ selling shares in
Securities Market.
Rights of a Shareholder.
Introduction to Mutual Funds.
Do’s and Dont’s of buying/ selling shares in securities market.
Investor Grievance Redressal – SCORES.
Information/ Help Desk of SEBI.
4
5. Three Key Mandates of SEBI Major Work done by SEBI
Securities and Exchange Board of India (SEBI)
Protection of
interests of
investors
Regulation
of securities
market
Promote
development
of Securities
Market
Improvement in
Market design
and regulation
Increase in
market
efficiency and
transparency
Availability of
newer
products
5
6. Indian Securities Market – Structure
6
SEBI - Regulator
Stock Exchanges
Brokers
Clearing
Corporations
Depositories
Depository
Participants (DPs)
Companies
Other Intermediaries
(Merchant Bankers,
RTAs, etc.)
7. Pre-requisites for buying/ selling shares
in Securities market
Accounts
needed to
trade in
securities
market
Savings Bank Account
- Savings Account can be in any bank
- Transfer/ receipt of funds from buying/ selling of securities
Demat Account
- With a SEBI registered Depository
Participant (DP)
- To hold shares in Demat
(electronic) mode
Trading Account
- With SEBI registered Stock
Broker( Trading Member/ TM)
- To buy/ sell securities
3
8. 9
Pre-requisite for buying/ selling shares in
Securities Market – Trading and Demat Account
Opening of Accounts
Demat Account Trading Account
Basic Requirements
Proof of Identity Proof of Address
PAN Bank account
Passport/ Driving License/ Voter Identity
card/ Aadhar Card / MGNREGA Job Card
& Proof of Identity/ any other govt.
approved Proof of Address
*AADHAR Card is not a compulsory document.
9. Primary Market v/s Secondary Market
7
Features Primary Market Secondary Market
Definition - Securities issued first time to
the public.
- Trading of already issued and
listed securities.
Also called as - New Issue Market. - Post Issue Market.
Price
Determination
- By Issuer Company in
consultation with Merchant
Bankers.
- Supply and Demand Forces of
Market.
Key
Intermediaries
- Merchant Bankers and RTAs - Stock Brokers and DPs.
Purpose - Raise capital for expansion,
diversification, etc.
- Trading of securities.
- Providing liquidity to investors.
- Raising further capital for
expansion.
10. Primary Market - Types of Public issues
8
Issues
Public Issues
IPO
Fresh Issues Offer for sale
FPO
Fresh Issues Offer for sale
Rights Issues Bonus Issues
Private
Placements
Preferential
Issue
Qualified
Institutional
Placement
11. Investing - Due Diligence
Why Due Diligence?
Investment without analysis is like driving on a highway blindfolded.
Pro active approach enabling investors to know about prospective
investment.
Better understanding about the past performance.
Greater possibility of securing future growth of the investment.
What questions to ask before investing?
Is the company’s revenue increasing?
Is the company actually making a profit?
Is the company able to repay its debts?
Is the company in a position strong enough to compete with its peers?
10
12. How to apply in Public Issue?
ASBA
- Application Supported by Blocked Amount.
- Facility provided by Self Certified Syndicate Banks (SCSCBs)
- Full Bid Amount blocked in the bank account of the bidder.
UPI in ASBA
- For a) Retail Individual Investors.
b) Bidding for retail investors reserved up to
Rs.2,00,000/-.
- Application via UPI facility of Sponsor Bank.
3-in-1 Account - Applying in IPO through 3-in-1 account (demat, trading and
bank account).
OFFLINE MODE and ONLINE MODE
Filled Form
- To open a Demat Account first.
- Investors may obtain Application Form from Stock Broker/
Sponsor Bank/ Exchange Website.
- Form submitted to Stock Broker/ Sponsor Bank.
11
13. How to apply in Public Issue?
How to make payment
ASBA
- Application Supported by Blocked Amount.
- Facility provided by Self Certified Syndicate Banks (SCSCBs)
- Full Bid Amount blocked in the bank account of the bidder.
UPI in ASBA
- For a) Retail Individual Investors.
b) Bidding for retail investors reserved up to
Rs.2,00,000/-.
- Application via UPI facility of Sponsor Bank.
3-in-1 Account - Applying in IPO through 3-in-1 account (demat, trading and
bank account).
11
14. Rights of a Shareholder
• Part-owner of the company.
• Right to receive corporate benefits like dividend, whenever declared.
• Right to receive:
- Annual Reports
- Audited Financial Statements
- Notices of General Meetings and other notices
- Other information disseminated by company.
• Right to attend company meetings.
• Right to contribute in key corporate governance decisions through
postal ballot/ e-voting.
12
15. Rights of a Shareholder
(subject to certain limitations/ restrictions)
• Right to:
- Ask questions to the board of directors.
- Place items on the agenda of general meetings.
- Propose resolutions, etc.
• Right to participate in matters needing shareholder approval like:
- To vote in company proceedings.
- To approve mergers & acquisitions, appointment of directors on
company board, changing auditors, etc.
• Right to Inspect company’s statutory books and records.
• Right to Transfer shares by applicable laws.
• To raise grievances, if any, against the company (using SCORES, etc.).
13
16. SEBI’s recent Investor Protection measures
E-KYC
- Online KYC Process
- Aadhaar authentication
- e-Sign signature
framework
Power of Attorney (PoA)
- Not a compulsory
document
- Only required for availing
internet trading facility
Pledge/ Re-pledge
framework
- Acceptance of securities
by way of pledge by client
Basic Services Demat
Account (BSDA)
- Demat account at
reduced costs
- For Retail Investors
Mutual Funds
- Product labelling on
basis of risk associated
with the scheme.
14
19. Major Development and Investor Protection
Measures of SEBI
• Mutual Funds
a) Classification of mutual funds into 5 schemes:
Equity Schemes
Debt Schemes
Hybrid Schemes
Solution Oriented Schemes
Other Schemes.
b) Product labelling of Mutual Funds as under:
Low - principal at low risk
Low to Moderate - principal at moderately low risk
Moderate - principal at moderate risk
Moderately High - principal at moderately high risk
High - principal at high risk
Very High- Principal at very high risk.
17
20. Do’s and Dont’s of buying/ selling shares in
securities market
Make sure to receive funds/ securities in your account within one (1) day of pay-
out date.
Please read and understand Power of Attorney (PoA) before executing it. Please
remember that PoA is not a mandatory document.
Ensure to receive Contract Notes within 24 hours of your trades.
Ensure to receive statement of account at least once a quarter from your stock
broker.
Avoid keeping excess money in broking account.
18
21. Do’s and Dont’s of buying/ selling shares in
securities market
Ensure that Stock Broker doesn’t pledge your securities to raise funds.
Don’t keep signed delivery instruction slip with DP/ stock broker.
Regularly verify balances of securities in your demat account.
To receive Email / SMS Alerts : Please ensure that your email id and
mobile number are updated periodically with the stock broker/ DP.
Don’t trust any hot investment tips promising unrealistic returns on
investments.
19
22. Do’s and Dont’s of buying/ selling shares in
securities market
Don't blindly imitate investment decisions of others who may have profited from
their investment decisions.
Get clear about all brokerage, commissions, fees, other charges levied by
broker.
Make payments by banking channel/cheque only in favour of stock broker.
Don’t share your internet trading account password with anyone.
Don't blindly follow advertisements/ media reports about the financial
performance of companies, as they may be misleading.
20
23. Advice to Investors
Be aware of your Rights and Responsibilities.
Take informed decision and do proper due diligence while investing.
No impulsive buying or panic selling.
Deal only with SEBI registered Intermediaries.
Caution against unsolicited investment tips.
21
24. Investor Grievance Redressal - SCORES
▪ Complaints can be filed against entities like:
▪ Listed companies; Stock Brokers; Stock Exchanges; Depository / Depository
Participants; Registrars to an Issue / Share Transfer Agent; Mutual Funds / Portfolio
Managers; Bankers to an Issue; Collective Investment Schemes; Credit Rating
Agencies; Custodians of Securities; Debenture Trustees; Merchant Bankers /
Underwriters.
▪ www.scores.gov.in : SEBI COmplaints Redressal System (SCORES)
▪ launched on 08.06.2011.
▪ Investor friendly, Centralized Web based complaints redress system.
▪ Online filing of complaints and status can be viewed online.
▪ SCORES Mobile App: available on both iOS and Android platforms.
22
25. Information/ Help Desk of SEBI
• SEBI Investor Website: http://investor.sebi.gov.in
• SEBI Toll-Free Help Line No's: 1800 22 7575 & 1800 266
7575
(Monday to Friday - 9:30 a.m. to 5:30 p.m.).
• ASK SEBI: asksebi@sebi.gov.in
(email ID for Investor Assistance for general queries)
• Details of SEBI offices in various cities/ towns can be found
on the address: https://www.sebi.gov.in/.
23
26. How to Buy/ Sell Shares in
Securities Market?
24
27. FLOW OF PRESENTATION
Trading & Demat Account Opening Form
Documents in Account Opening Form - Trading & Demat
Account
Modes of Placing Orders to trade
Contract Note
How to settle buy and sell trade?
Payment of Margins
Early Pay-in
Grievance Redressal
25
28. Trading & Demat Account Opening Form
26
Proof of Identity (Any one) Proof of Address (Any one)
Permanent account number (PAN)
card (Mandatory)
Voter ID card
Voter ID card Driving License
Driving License Passport
Passport Ration Card
Aadhaar Card Aadhaar Card
Any other valid identity card issued
by the Central or State government
Bank account statement or bank
passbook
Utility bills e.g. electricity bill or gas bill
Documents collected in terms of KYC (Know Your client) Requirements.
KYC is a one-time process and is valid across all the stock brokers and DPs.
Documents to open Trading and Demat account:
29. Documents in Account Opening Forms
- Trading & Demat Account
27
Account Opening Form has two type of documents :
**(to be submitted only if investor is availing of additional services)
MANDATORY DOCUMENTS
Rights & Obligations of Stock Broker
and Investor.
Uniform Risk Disclosure Documents.
Do’s and Don’ts for trading on
Exchanges.
Policies and Procedures of Stock
Broker.
Tariff Sheet.
VOLUNTARY DOCUMENTS**
Running Account Authorization.
Power of Attorney (PoA).
Electronic Contract Note (ECN)
Declaration.
Consent for electronic
communication and receiving alerts
(Email/ SMS).
30. Modes of Placing Orders to trade
28
Modes
of
placing
orders to
Trade
Visit to
Broker’s
Office
Trade via
Phone
Call
Through
an email
to Stock
Broker
By using
Stock
Broker’s
website
By using
Stock
Broker’s
Mobile
App
While placing order to trade you receive SMS/ Email alerts on your registered mobile
number and email account.
31. Contract Note
29
What is a Contract note?
• Record of any transaction.
• Confirmation of trade done.
• In case of discrepancy, contact your broker immediately.
What does a Contract Note contain?
• Details of transaction.
• Date, Time, Price, Quantity, Trade ID, various charges/ levies, etc.
How to receive a Contract Note?
• Within 24 hours from the date of trade execution.
• Electronic Contract Note sent to registered email ID.
• Can opt for Physical Contract Note.
• Quarterly statement of funds and securities.
32. How to settle buy and sell trade?
30
Pay-in of funds and /securities:
• Pay-in of funds/ securities: Transfer of funds/ securities from broker’s account to exchange’s
account.
• Funds / Securities:
Cash Segment - On or before T+2
Derivatives Segment - On or Before T+1
• Only Cheque/ NEFT/ RTGS to the Stock broker only.
Pay out of Funds and securities:
• Pay-Out of funds/ securities: Transfer of funds/ securities from broker’s account to client’s
account once trade of securities has been executed.
• Funds / Shares to be received in Investor’s Demat Account within 24 hours of pay-out day.
Counter Party Guarantee:
• Given by Stock Exchange for settlement of every buy/ sell trade, through Settlement Guarantee
Fund (SGF).
CASH DEALING IS STRICTLY PROHIBITED
33. Payment of Margins
31
Margin to be placed with broker before placing orders.
Money or Securities or both
Check Margin requirement on the website of Stock Exchange.
Margin paid in securities form : By way pledge
instead of transfer of shares in broker’s demat account.
Margin payments – Authenticated by One Time Password (OTP).
34. How to pay margin in Securities
Margin Pledge
32
Effective from September 01, 2020.
Investors can pay margin in form of “Securities”, if :
- Securities are pledged in favour of Stock Broker.
What’s New?:
o Stock Brokers can accept securities (viz. shares) as collateral only in form of
margin pledge created on the securities held in client’s demat account.
35. Margin Pledge
33
What does the Investor need to do?:
o Give instruction to create margin pledge on securities.
o Instruction may be given in:
- Physical form
- Electronically through “SPEED-e” (for NSDL) and “Easi/Easiest” (for CDSL).
Pledged to whom?
o Created in favor of a “specially designated” demat account of the stock broker/
clearing member.
o Name of the account :
TM – Client Securities Margin Pledge Account or TM / CM – Client Securities
Margin Pledge Account).
36. Early Pay-in
34
Payment of funds/ delivery of shares (in case of buy/sell) to the
Exchange by pay-in time on settlement date.
Early Pay-in: When Investor pays funds / delivers shares before
this designated time.
Exemption:
Upon early pay-in of Funds: No margin needs to be paid (subject to
bank confirmation)
Upon early pay-in of securities: No margin needs to be paid. Stock
Brokers to provide early pay-in details to the Stock Exchange in a
specified format.
37. Investor Grievance Redressal
35
If investor has dispute with his Stock Broker:
i. Immediately question the Stock Broker about any transaction that you do
not understand or you did not authorize your trading member.
ii. Investor should raise such complaint in writing to the trading member
and retain copies of all related correspondence done with the trading
member.
iii. In case your complaint has not been addressed/ redressed by the
trading member file complaint with Stock Exchange.
iv. In case you don’t receive any satisfactory response/ redressal of your
grievance from Stock Exchange as well, you may file your complaint on
SEBI SCORES.
38. Investor Grievance Redressal
Complaints at Exchange can be filed by Investor via :
i. Online portal of the Exchange
ii. Email
iii. Physical letter at any Investor Service Centre
iv. Complaint can be filed by investor at the nearest Investor Service Centre (ISC)
In case aggrieved by the resolution given by Stock Exchange Approach Investor
Grievance Resolution Panel (IGRP).
In case aggrieved by the resolution given by IGRP Take up the matter via
Arbitration, a quasi judicial mechanism.
36
40. FLOW OF PRESENTATION
Demat Account
Basic Services Demat Account (BSDA)
Services offered by Depositories
Transmission of Securities
What is a Pledge?
Margin Pledge
Consolidated Account Statement
Investor Grievance Redressal
38
41. Demat Account
Depository Participant – Agent of Depository.
- Opens Demat Accounts for clients on behalf of
Depository.
39
Demat Account Number
CDSL
- Numeric Character
- eg: 0123456789098765
NSDL
- Numeric Code starting
with “IN”
- eg: “IN01234567890987”
**Demat Account Numbers are combinations of DP ID and Customer ID and are
unique for every customer.
42. Basic Services Demat Account (BSDA)
40
Facility for retail investors
Eg: Debt securities = Rs.90,000/- & Equity Shares = Rs.40,000/- NO AMC Charge.
Eg: Equity shares = Rs.1 lakh & Value of those shares increases to Rs 2.5 lakhs
Investor is not eligible for BSDA.
EQUITY SHARES DEBT SECURITIES
Holding AMC Charges Holding AMC Charges
<Rs.50,000 NIL <Rs.1,00,000 NIL
Between Rs.50,000
– Rs.2,00,000
Rs.100/- per year Between
Rs.1,00,000 –
Rs.2,00,000
Rs.100/- per year
>Rs.2,00,000 Charges as
applicable to
regular (non-BSDA)
accounts
>Rs.2,00,000 Charges as
applicable to
regular (non-BSDA)
accounts
43. Services offered by Depositories
Dematerialization (Demat): converting physical certificates to
electronic form.
Rematerialisation (Remat): Reverse of Demat, i.e. converting
electronic securities into physical certificates.
Transfer of securities
Change of beneficial ownership
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44. Services offered by Depositories
Settlement of trades done on exchange connected to the
Depository.
Service can be availed through Depository Participant (DP)
Many Stock Brokers and Banks function as DPs and investors
can open a new demat account with them.
Demat securities in depositories - Safe and Secure.
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45. Transmission of Securities
Transfer of securities balances in a demat account due to:
• Death, bankruptcy, lunacy, etc. of the account holder,
• To legal heir/ another holder.
Not a voluntary act of the account holder.
Transfer brought about by operation of law i.e. a person cannot
ask for transmission of shares from his/her own Demat account.
Transmission process – Simple and Fast.
43
46. Transmission of Securities - Process
Steps for Transmission:
• The surviving joint holder/s, nominee or legal heirs of the
deceased account holder need to approach the Depository
Participant (DP).
• For shares held in Physical Form: Approach each Company
and their respective RTAs.
44
47. What is a Pledge ?
Pledge: Deposit of some personal property as collateral for a debt.
Investor wants to Borrow Funds to pay margin
He may pledge his owned securities (shares, bonds, etc.) to borrow
funds.
Pledged securities act as collateral for the loan. Pledgee/
Creditor only has possession of pledged securities and not
ownership/ title to the pledged securities.
If borrower of funds(pledger) defaults on repayment lender of funds
(pledgee) can sell the securities and recover his money
Securities are provisionally moved from pledger’s/ debtor’s
securities account to pledgee’s/ creditor’s securities account.
45
48. Consolidated Account Statement
46
Summary of Investments
Holding Statement:
Statement of Transactions:
Debit of securities
Credit of securities
Pledge of securities
Margin Pledge / Re-pledge for trading
Issued by Depository to account of Beneficial Owner (BO).
Holding Statement
EQUITY
DEBT
MUTUAL
FUNDS