Spot / T+1 Transactions:
For about 5 days before the closure of shares transfer book notified by the company, transactions are settled on T+1 basis.
For non-CDC securities the delivery and payment is settled through the Clearing House of the Exchange, however, delivery is tendered directly between the buying and selling members as per the instruction of the Clearing House.
Future Contracts:
Under the Regulations Governing Future Contracts, trading in Future Contracts started in July 2001. Companies traded under Future Contract and the Contract is fixed for a period of one month.
Transaction Costs:
Brokerage on transactions are freely negotiable between the brokers and clients.
Stamp duty: Stamp duty is charged at 1.5% of the face value of the shares under the physical form of transfer. There is no stamp duty for transfer settled through the Central Depository System, however, there is a one-time stamp duty at the rate of One Paisa per share at the time of deposit of securities in the CDS.
