Standing Order No. 4432/2025 of the Consumer Affairs Department, Government of Tamil Nadu dated 11th November, 2025 on the business of a stock broker [C1F-TX6]

Standing Order No. 4432/2025

GOVERNMENT OF TAMIL NADU

Consumer Affairs Department, Government of Tamil Nadu

Chennai, dated the 11th November, 2025

STANDING ORDER

To

All Executive Directors,

Subject: The business of a stock broker by stock brokers under the Tamil Nadu Protection of Interests of Depositors Act, 1997, regarding.

In exercise of the powers conferred by section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997), the Consumer Affairs Department, Government of Tamil Nadu hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the business of a stock broker by stock brokers.

2. The matter has been examined. Every stock broker carrying on the business of a stock broker shall make an application in Form G to the Depository within thirty days, accompanied by a fee of ten thousand rupees.

3. The Executive Director shall ensure that contract note is dealt with as directed above, and shall report compliance to the Depository within thirty days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Consumer Affairs Department, Government of Tamil Nadu.

(Secretary to Government)