https://www.sebi.gov.in/reports/rep...market-conduct-for-public-comments_39884.html
So this is the report of committee formed by Sebi based on which Sebi will impose restrictions. But nowhere in this report has mention of any recommendation regarding net worth..
Am I missing something..
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So this is the report of committee formed by Sebi based on which Sebi will impose restrictions. But nowhere in this report has mention of any recommendation regarding net worth..
Am I missing something..
Sent from my Moto E (4) Plus using Tapatalk
In some document published by SEBI, the following was quoted.
To reflect global initiatives on product suitability, a framework has been approved**. Individual investors may freely take exposure in the market(cash and derivatives)upto a computed exposure based on their disclosed income as per their Income Tax Return(ITR) over a period of time.** For exposure beyond the computed exposure, the intermediary would be required to undertake rigorous due diligence and take appropriate documentation from the investor.
Networth is the alternate legal way to skip such ITR, someone may have enough capital for trading or investing but no income(or less income) presently or someone may get sudden net-worth from inheritance.
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