Suppose a broking firm charging the margin of Rs. 10000 and a person hav only 10000 to invest then can he invest? if yes then whether the margin money is refundable or not?
CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
01 January 2009Suppose a broking firm charging the margin of Rs. 10000 and a person hav only 10000 to invest then can he invest? if yes then whether the margin money is refundable or not?
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 01 January 2009
Dear Manish
A broking firm usually allowed for a trading upto 5 times of margin money.. if your money is exceeded that amount u need to pay for maintain the margin
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 02 January 2009
i think here real problem should be asked not imaginery problems
any way a am agree with amit -when you open a real account in broker you can see that same fact as amit is saying
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