SEBI Circular: Prevention of Unauthorised Trading by Stock Brokers

Dear Business Associate,
This is with reference to our below mentioned mail regarding SEBI circular on Prevention of Unauthorized Trading by Stock Brokers (circular reference CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017), we hereby remind you that w.e.f January 01, 2017 you shall execute trades of your clients only after keeping evidence of the client placing such order and in continuation of the same, we are going to provide a voice logger facility which will be installed with your registered landline no. and registered mobile no. and cost of such equipment is Rs.10000/- (one time and non-refundable) and Annual maintenance charges of the same is Rs. 2000/- per year. 
 
There is two options to opt the same:
 
  1. One time Payment: Rs.10000/- + GST
  2. Monthly Installment for 12 months: Rs.1000+GST  per month
 
Annual Maintenance Charges is Rs. 1000+ GST per year for both cases. 
Hence you are requested to confirm your option to install the same so that we can install the same timely. If you are not willing to opt this voice logger facility, we shall be constrained to deactivate your trading terminals after December 31, 2017 and in that case your clients can trade through our online trading platform or through our call n trade facility at 011-42445858.
Therefor you are requested to confirm your option on immediate basis.

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