A broker has to issue a contract note to clients for all transactions in the form specified by the stock exchange. The contract note inter-alia should have following:
§Name, address and SEBI Registration number of the Member broker.
§Name of partner/proprietor/Authorised Signatory.
§Dealing Office Address/Tel. No./Fax no., Code number of the member given by the Exchange.
§Contract number, date of issue of contract note, settlement number and time period for settlement.
§Constituent (Client) name/Code Number.
§Order number and order time corresponding to the trades.
§Trade number and Trade time.
§Quantity and kind of Security bought/sold by the client.
§Brokerage and Purchase/Sale rate.
§Service tax rates, Securities Transaction Tax and any other charges levied by the broker.
§Appropriate stamps have to be affixed on the contract note or it is mentioned that the consolidated stamp duty is paid.
§Signature of the Stock broker/Authorized Signatory.
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