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SEBI (Stock Brokers) Reg 1992 Rule 17

Requires stock brokers to keep and maintain stipulated books of accounts, records and documents.

Rule Overview

Jurisdiction: India

Regulator: SEBI

Topic: Recordkeeping

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The documents required to be kept and maintained include:

  • Register of transactions
  • Client ledgers
  • General ledger
  • Journals
  • Cash book
  • Bank pass book
  • Documents register
  • Member’s contract books
  • Counterfoils or duplicates of contract notes issued to clients
  • Written consent of clients in respect of contracts entered into as principals
  • Margin deposit book
  • Client account opening form

The stock broker must advise the board of the location where the document and records are maintained.

An audited balance sheet and P&L must be provided to SEBI no later than six months after the close of each accounting period.

Rules in This Collection
SEBI (Stock Brokers) Reg 1992
SEBI (Stock Brokers) Reg 1992 Rule 17 This Rule
SEBI (Stock Brokers) Reg 1992 Rule 18
SEBI (Stock Brokers) Reg 1992 Rule 18A
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