|
Investor
Rights |
Investor
Obligations |
|
The right to get
-
The best price
-
Proof of
price/brokerage
charged
-
Your
money/shares
on time
-
Shares through
auction where
delivery is
not received
-
Square up
amount where
delivery not
received in
auction
-
Statement of
Accounts from
trading member
|
The obligation
to
-
Sign a proper
Member-Constituent
Agreement
-
Possess a
valid contract
or
purchase/sale
note
-
Deliver
securities
with valid
documents and
proper
signatures
|
|
The right for
redressal
against
-
Fraudulent
price
-
Unfair
brokerage
-
Delays in
receipt of
money or
shares
-
Investor
unfriendly
companies
|
The obligation
to ensure
-
To make
payment on
time
-
To Deliver
shares on time
-
To send
securities for
transfer to
the company on
time
-
Forwarding all
the papers
received from
the company
under
objections to
the broker on
time
|
Submission of
Statement of
Accounts by trading
members to clients
Every Trading Member
is required to send
a complete
'Statement of
Accounts', for both
funds and
securities, in
respect of each of
its clients, in such
periodicity not
exceeding three
months, within a
month of the expiry
of the said period.
The Statement shall
also state that the
client shall report
errors, if any, in
the Statement within
30 days of receipt
thereof to the
Trading Member. |
