Order confirmation slip. After the order has been placed. Trade confirmation slip. After the trade has been executed. Contract Note: within 24 hours of the trade being executed.
Select the broker you want to trade with opening an account and fulfill the other formalities. Place orders with the broker in writing. Ask for the order confirmation slip on the day the order is placed. Ask for a trade confirmation slip on the day
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What is an ex-date?
The first day of the no-delivery is the ex-date viz. If there is any corporate benefit such as rights, bonus, dividend, etc. announced for which book closure/record date is fixed, the buyer of the shares on or after the ex-date will not be eligible
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What is a no-delivery period?
Whenever a book closure or a record date is announced by a company, the stock exchanges set up a no-delivery period for that security. During this period, trading is permitted in the security. However, these trades are settled only after the nod
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What is a Book Closure/Record Date?
The ownership of shares of companies traded on the stock exchange is freely transferable by registration. However, shares are many times held by buyers without sending it for registration to the company. In order to be entitled to the benefits suc
Name and address of the trading member, their SEC registration number, details of the trade like order No. trade No. trade time, security name, quantity rate, brokerage, settlement no, and the signature of the authorized signatory.
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What is a contract/confirmation note?
A contract note is a confirmation of trades done on a particular day for and on behalf of a client. A contract note issued in the prescribed format and manner establishes a legally enforceable relationship between the member and client in respect of
The maximum brokerage chargeable is at present 1% of the trade value
All investors should open accounts with necessary documentary support of proof of identity and get the registration/account number. The feature of this opening an account is to reduce the chances of any disputes.
You should send your request in writing for the purchase or sale of shares/debentures/mutual funds. The authorized representatives on executing your order furnish you with a purchase/sale note. This purchase/sale note originates from the contract note