What are the points to be checked by an investor to check the validity of a purchase/sale note?
1. The purchase/sale note should be in prescribed format 2. Name, address and SEBI registration number of the registered sub-broker 3. Name, address and SEBI registration number of the affiliated 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.
