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₹1 lakh penalty for incorrect client data submission is harsh, says ANMI

₹1 lakh penalty for incorrect client data submission is harsh, says ANMI
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Association of national exchanges members indiaShriram propertiesNational stock exchangeNational exchanges membersசங்கம் ஆஃப் தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் இந்தியாஸ்ரீராம் ப்ராபர்டீஸ்தேசிய ஸ்டாக் பரிமாற்றம்தேசிய பரிமாற்றங்கள் உறுப்பினர்கள்

Welcome To IANS Live - BUSINESS - Peak margin levy will lead to export of business to overseas markets

Photo Credit: IANS IANSLive New Delhi, May 24 (IANS) Association of National Exchanges Members of India (ANMI) has urged regulatory authorities to reconsider the proposed 100 per cent levy on day trade peak margins as the margin is 300 per cent of what should have been the actual levy. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 24-May-2021

New delhiAssociation of national exchanges members indiaIndia privateNews serviceNational exchanges membersAll rightsபுதியது டெல்ஹிசங்கம் ஆஃப் தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் இந்தியாஇந்தியா ப்ரைவேட்செய்தி சேவைதேசிய பரிமாற்றங்கள் உறுப்பினர்கள்அனைத்தும் உரிமைகள்

Peak margin levy will lead to export of business to overseas markets: ANMI

0 Association of National Exchanges Members of India (ANMI) has urged regulatory authorities to reconsider the proposed 100 per cent levy on day trade peak margins as the margin is 300 per cent of what should have been the actual levy. ANMI has written to the Securities and Exchange Board of India (SEBI), expressing its opinion that there is a great disconnect between what is being collected from clients and what needs to be collected vis-a-vis the attendant risks arising in intraday trades. ANMI, however, reiterates that they are not against collection of intraday margin levied on clients nor the levy of full margin on the Clearing member irrespective of the nature of the trade.

Association of national exchanges members indiaExchange board of indiaNational exchanges membersExchange boardIndex futuresMutual fund returnsAnk fixed depositsNvestor returnsOrtfolio allocationசங்கம் ஆஃப் தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் இந்தியாபரிமாற்றம் பலகை ஆஃப் இந்தியாதேசிய பரிமாற்றங்கள் உறுப்பினர்கள்பரிமாற்றம் பலகைகுறியீட்டு எதிர்காலங்கள்பரஸ்பர நிதி வருமானம்

Peak margin levy will lead to export of business to overseas markets

Peak margin levy will lead to export of business to overseas markets By IANS | 0 Views Peak margin levy will lead to export of business to overseas markets. Image Source: IANS News New Delhi, May 24 : Association of National Exchanges Members of India (ANMI) has urged regulatory authorities to reconsider the proposed 100 per cent levy on day trade peak margins as the margin is 300 per cent of what should have been the actual levy. ANMI has written to the Securities and Exchange Board of India (SEBI), expressing its opinion that there is a great disconnect between what is being collected from clients and what needs to be collected vis-a-vis the attendant risks arising in intraday trades.

New delhiAssociation of national exchanges members indiaExchange board of indiaNational exchanges membersExchange boardIndex futuresபுதியது டெல்ஹிசங்கம் ஆஃப் தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் இந்தியாபரிமாற்றம் பலகை ஆஃப் இந்தியாதேசிய பரிமாற்றங்கள் உறுப்பினர்கள்பரிமாற்றம் பலகைகுறியீட்டு எதிர்காலங்கள்

Business from India will move to overseas markets if unwarranted restrictions continue, says ANMI

Business from India will move to overseas markets if unwarranted restrictions continue, says ANMI Alesia Kozik/ Pexels In a move to help the broking industry, the Association of National Exchanges Members of India (ANMI) has urged Securities and Exchange Board of India (SEBI) to reconsider the proposed 100 per cent levy on day trade peak margins as the margin is 300 per cent of what should have been the actual levy. ANMI stated nowhere in the world the clients are required to pay upfront peak margins. Already open interest in Nifty is more in Singapore compared to India though it is a product based on Indian stocks. Indian markets are already at a disadvantage compared to SGX in terms of margins, time of trading, transaction cost and taxation. Any further unwarranted restrictions will result in export of business from India to overseas markets.

Association of national exchanges members indiaExchange board of indiaNational exchanges membersExchange boardIndex futuresUnwarranted restrictionsPeak marginsசங்கம் ஆஃப் தேசிய பரிமாற்றங்கள் உறுப்பினர்கள் இந்தியாபரிமாற்றம் பலகை ஆஃப் இந்தியாதேசிய பரிமாற்றங்கள் உறுப்பினர்கள்பரிமாற்றம் பலகைகுறியீட்டு எதிர்காலங்கள்