BSE asks brokers to consider excess cash for calculating investors' net obligations
The clarification comes following communication from the Securities and Exchange Board of India regarding references from investors that the brokers are levying late payment charges for debit balances even though the clients have credit balance with the broker, instead of levying the same on the net debit balance.
Non or late submission of the report, charges of Rs 100 per day will be levied for the month of July 2018. Image source: PTI