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In case of any shortfall in margin:
- The members shall not be permitted to trade with immediate effect.
- There is a penalty for margin violation
Penalty applicable for margin violation is levied on a monthly basis based on slabs as mentioned below:
|Instances of Disablement||Penalty to be levied|
|1st instance||0.07% per day|
|2nd to 5th instance of disablement||0.07% per day +Rs.5000/- per instance from 2nd to 5th instance|
|6th to 10th instance of disablement||0.07% per day+ Rs. 20000 ( for 2nd to 5th instance) +Rs.10000/- per instance from 6th to 10th instance|
|11th instance onwards||0.07% per day +Rs. 70,000/- (for 2nd to 10th instance) +Rs.10000/- per instance from 11th instance onwards. Additionally, the member will be referred to the Disciplinary Action Committee for suitable action|
Instances as mentioned above shall refer to all disablements during market hours in a calendar month. The penal charge of 0.07% per day shall is applicable on all disablements due to margin violation anytime during the day.