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Notices
Notice No20201111-4Notice Date11 Nov 2020
CategorySettlement/RMSSegmentGeneral
SubjectSubmission of Networth Certificate, Auditor’s Report & Audited Annual Accounts for the financial year ended on 31/03/2020 by Clearing Members.
Content

Attention of the Clearing Members is drawn to submission of the Networth Certificate, Auditor’s Report & Audited Annual Accounts for the financial year ended on 31/03/2020 and also the BSE notice No. 20201023-14 dated October 23’ 2020 issued in respect to same.

All Clearing members of ICCL as on March 31’ 2020 in Cash segment, Equity Derivative Segment, Currency Derivative Segment, New Debt Segment and Commodity Derivative segments are required to submit the aforesaid statements/certificates for the financial year ended on 31/03/2020 in the requisite format to ICCL. Members are advised to refer to the aforesaid BSE notice no.  20201023-14 dated October 23’ 2020 for the formats and also other relevant details for submission of the aforesaid statements.

Members of the ICCL are hereby requested to submit the aforesaid details as per formats prescribed (as applicable) latest by January 31’ 2021.

Members who are also trading members of BSE shall online submit the above details as per the aforesaid exchange specified notice no. 20201023-14 dated October 23’ 2020 which will also be considered by ICCL for monitoring their compliance as a Clearing Member. Accordingly, such members would not be required to make separate submission of the aforesaid details as Clearing Members to ICCL.

All active clearing members of ICCL as on September 30’ 2020 may also note that in case of late / non-submission of aforesaid details within the stipulated time the below mentioned fines would be levied:

 Fine / Penalty for late / non-submission of Networth Certificate, Auditor’s Report & Audited Annual Accounts:

Statements / Certificates as on:  March 31’ 2020                Due Date: January 31’ 2021.

  • Fine of Rs.100/- per day for first month from the due date.
  • Fine of Rs.200/- per day for 2nd month

·         Fine of Rs. 300/- per day for 3rd month till date of submission or disablement of clearing membership.

Accordingly, as aforesaid the last date of submission of statements/certificates with fines would be April 30’’ 2021 and in case of non-submission by April 30’ 2021 the Clearing Membership will be disabled w.e.f. May 01’ 2021.

 

Members are requested to take note of the above and submit their aforesaid statements / certificates latest by January 31’ 2021. 

In case of any queries members may contact the following officials

Name of Officials

Direct Line Number

Email

G.V. Kumar

022-22728365

 

iccl.membership@icclindia.com

Praveen Poojary

022-22728788

Sneha Sahadevan

022-22725075

 

For and on behalf of Indian Clearing Corporation Ltd.

 

 

Piyush Chourasia

Chief Risk Officer & Head - Strategy