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Our Bureau

Kolkata , Aug 3

SEBI has observed that the Calcutta Stock Exchange (CSE) has not segregated the deposits made in base minimum capital/settlement guarantee funds (BMC/SGFs) and additional base minimum capital (ABMC) in line with regulations.

This has come out during an inspection of CSE's records.

In view of the regulator's observation, the exchange has requested members to clearly identify the deposits that should form their BMC/SGF base. CSE has also informed that it may not be possible to provide them the facilities related to BMC/SGFs and ABMC if nothing is specified.

Members are required to submit lists outlining the deposits (in the form of cash, fixed deposits and securities), which shall be considered for BMC/SGFs. All the other deposits over and above the BMC/SGF deposits, if any, shall be considered as ABMC.

The exchange had on another front observed earlier that the last date of submission of the audit report for 2003-04 (with fines) had been set as January 31, 2006. This was changed as it was beyond the maximum permissible period for the extension prescribed by the Government. Members were advised to submit the documents sooner.

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