| | BSE TO ADMIT 25 MEMBERS IN THE "CASH SEGMENT" Mumbai , April 13, 2004… The Stock Exchange, Mumbai ('BSE') has decided to offer membership on the "Cash Segment" of the BSE, by inviting applications from all over the country for a minimum Entrance Fee of Rs. 90,00,000/- (Rupees Ninety Lakhs Only).
The membership is open to individuals or corporates (except subsidiaries of recognized Stock Exchanges), who are eligible to become members as per the applicable Rules, Bye-laws & Regulations of the BSE. The Governing Board of BSE has decided to accept the top 25 applications.
The initial contribution of Rs. 3 lacs required for membership of the "Derivatives Segment" is waived off in case the new members of the "Cash Segment" apply for membership of the "Derivatives Segment" within 3 months of obtaining the registration certificate of the "Cash Segment" from SEBI.
The specimen of application form as well as the other relevant material including the terms and conditions for the offer are available with the Publications Department on Ground Floor of the BSE. The same can also be downloaded from the website of the BSE: www.bseindia.com /card.asp.
For any further information / clarification, members are requested to contact the following officials in Membership Services Department: - Mr. Bhanuprasad C. R. : 2272 1233 / 4 Ext. 8127
- Mr. Wilbur Fernandes : 2272 1233 / 4 Ext. 8052 or 2272 2701
Kalyan S. Bose
Head - Corporate Communications
# 2272 1233 Extn.8740 | |
