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Unique Client Code
In terms of provisions of the Rules, Bye-laws and Regulations of
the Exchange, and in continuation to circular no.: MCX-SX/T&S/4/2008 dated
October 4, 2008, the Members of the Exchange are notified as under: SEBI
vide circulars SMDRP/Policy/Cir-39/2001 dated July 18, 2001 and MRD/DoP/Cir-05/2007
dated April 27, 2007 has directed that it shall be mandatory for all the
members to use Unique Client Codes (UCC) for
all the clients and that the Permanent Account Number (PAN) will be the sole
identification number for all the participants in the securities market. In
light of the aforesaid, it is mandatory for all the members to use Unique
Client Code for all their clients. The members shall collect and maintain in
their back office the Permanent Account Number (PAN) allotted by Income Tax
Department for all their clients and members are also required to verify the
documents submitted by clients with respect to the unique client code and
retain copies of the documents. Members are advised
to maintain necessary documents / information / agreements at their respective
offices and inform the details of clients, including their PAN, to the Exchange
through the UCC application software. As and when new clients are registered, members have to upload the
details of such clients so as to comply with the requirement of the Exchange. Further,
in respect of any change in the client details already submitted through the
Unique Client Code application, revised information has to be uploaded by the
members immediately. Members are advised to ensure that no trades are put on behalf of
their clients, before allotting the Unique Client Codes (UCC) and uploading the
client details to the Exchange. In case a member is observed to execute trades on behalf of a client before successfully
uploading the details and PAN of the client, non submission charges of Rs. 100/-per client code per day will be
levied till the date the details are successfully uploaded.
Non-submission charges will be charged on a monthly basis with effect from June
1, 2009 to the relevant trading members. All the members are requested to take note of the same. For any clarifications, contact Customer Service Desk at
022-67319010 or send an email at
customerservice@mcx-sx.com. For and on
behalf of MCX Stock
Exchange Ltd. Ruchi Shukla Manager
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