What are the points to be checked by an investor to check the validity of a contract note?
To ensure that the contract note issued to you by the trading member is a valid one, you must verify the following details: 1. The contract note should be in prescribed format 2. Name and address of the trading member. 3. The SEBI registration number of the trading member 4. Details of trade viz. Order number, trade number, trade time, security name, quantity, rate, brokerage, settlement number, details of other levies 5. The trade price should be shown separately from the brokerage charged. 6. Signature of authorised signatory and the arbitration clause stating that the trade is subject to the jurisdiction of Mumbai must be present on the face of the contract note.
