Sachchidananda Ghosal (MBA(Finance) PGPBM-Banking & Insurance B.Com) (167 Points)
16 February 2011In a currency derivative segment an applicant desires to act as a clearing member shall have a minimum net worth of ----------
a)5 cor
b)1 cor
c) 7 cor
d) 10 cor
Mohammed
(CS, Mcom, LLB)
(852 Points)
Replied 16 February 2011
Clearing member should have a balance sheet networth requirement of Rs 10 Crores
Trading member should have 1 crore
Banks should have a minimum networth of Rs 500 Crore
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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