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Regulations CASH SEGMENT15.01.2010

Regulations CASH SEGMENT15.01.2010

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Published by: sandeep sunny on Aug 08, 2011
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Bombay Stock Exchange Limited Regulations
1
REGULATION 1
(Bye-laws 5, 12, 15 and 16)
DEALINGS ON THE EXCHANGE
1
Trading Sessions on the Floor of the Exchange1.1
The Trading sessions on the floor of the Exchange shall be held as under:Monday to Friday 12 Noon to 2.30 p.m.Saturday 12 Noon to 1.30 p.m.Provided that on the Last Business day of a Clearing a morning session shall beheld from 12 Noon to 1.30 p.m. and an afternoon session from 3 p.m. to 5.30 p.m.and there shall be no trading session on Saturday following such LastBusiness Day.
Proceedings at Trading Sessions1.2
The following shall be the order of procedure at trading sessions on the floor ofthe Exchange:A warning bell shall be rung fifteen minutes before the opening and the closingof the session. On the sounding of the opening bell (after the warning bell)the session shall be open for trading and shall continue open for trading until thesounding of the closing bell after which no further trading shall take place.
Admission to the Floor of the Exchange1.3
No one shall be admitted to the floor of the Exchange during a trading sessionunless he is wearing a floor badge.
Badges1.4
Members, their partners, remisiers and authorised clerks shall wear distinctivebadges to be obtained from the Exchange on payment of such fees as theGoverning Board may from time to time prescribe.
Badges to be Worn Prominently1.5
The badges shall be kept in good condition and properly and prominently worneither on the lapel of the coat or in some equivalent position.
Temporary Badges1.6
A person arriving at the floor of the Exchange without a badge shall obtain atemporary badge from the Exchange. Such badge shall be issued for one dayonly on payment of such fees as the Governing Board may from time to timeprescribe.
1
Substituted by Governing Board Resolution dated 25.02.1958
 
Bombay Stock Exchange Limited Regulations
2
 Loss of Badges1.7
Members shall notify loss of badges to the Exchange and other badges will beissued in their place on application by such members. In the case of authorisedclerks or remisiers the reissue may be after the lapse of such time from thedate of notice of loss and on such conditions and on payment of such fees asthe Governing Board may from time to time prescribe.
Penalty for improper Use of Badge1.8
The Governing Board or the President may expel, suspend or fine any partner,authorised clerk or remiser who transfers his badge to any person or uses it for animproper purpose or makes a breach of the conditions subject to which it isissued.
Return of Badges1.9
Members who terminate a partnership or withdraw the authorisation ofauthorised clerks or remisiers shall return to the Exchange the badges of their partners or of their authorised clerks or remisiers (as the case may be) on thedate of such termination or withdrawal.
Official Pads1.10
Members, their partners and their authorised clerks shall be provided by theExchange with distinctive official pads for noting down bargains made by them.The official pads shall be issued by the Exchange on payment of the prescribedcharges and their use shall be subject to such conditions as the GoverningBoard may from time to time prescribe.
Trading Posts1.11
Trading that is the making of bargains and quotations in any security during atrading session must take place at the post upon which the security is posted for trading.
Bargains by Authorised Clerks1.12
Authorised clerks may make bargains on the floor of the Exchange only onbehalf of the employing members. They shall not make bargains either in their own name or in the name of any member other than their employers. Anauthorised clerk acting in violation of this provision shall be immediatelysuspended or expelled by the Governing Board or the President.
Remisiers Not to Make Bargains1.13
Remisiers shall not make bargains on the floor of the Exchange either in their own name or on behalf of their employers or any other member. A remiser acting in violation of this provision shall be immediately suspended or expelledby the Governing Board or the President.
 
Bombay Stock Exchange Limited Regulations
3
Trading Unit1.14
The Governing Board may from time to time specify the units of trading indifferent securities. Where trading units have not been so specified by theGoverning Board bargains in any security shall be deemed to be in thefollowing units of trading unless otherwise stipulated when entering into thebargain:
i)
Shares of Joint Stock Companies of nominal value -Unitnot exceeding Rs. 10 ... 100 Sharesexceeding Rs. 10 but not exceeding Rs. 25 ... 50 Sharesexceeding Rs. 25 but not exceeding Rs. 50 ... 10 Sharesexceeding Rs. 50 but not exceeding Rs.100 ... 5 Sharesexceeding Rs. 100 ... 1 Share
ii)
Government Securities (including Loans andDebentures of Port Trusts, Municipal Corporation, Rs. 25,000etc.) ...
iii)
Debentures of Joint Stock Companies .. Lowest denominationin which certificatesare issued
1
Variations in Bids and Offers1.15
Unless otherwise directed by the Governing Board or otherwise stipulated whenentering into the bargain bids or offers shall be made at variations other than thefollowing minimum variations or multiples thereof.Minimum Variation
i)
Shares of Joint Stock Companies whenmarket price -(a) does not exceed Rs. 5 ... Re. 0.02(b) exceeds Rs. 5 but does not exceed Rs. 75 ... Re. 0.05(c) exceeds Rs. 75 ... Re. 0.25
ii)
Government Securities (including Loans andDebentures of Port Trusts, MunicipalCorporations, etc.) ... Re. 0.05
iii)
Debentures of Joint Stock Companies ... Re. 0.05
1
Amended by Governing Board Resolution dated 20.11.1973 w.e.f.. 01.01.1974

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