POSTED BY February 14, 2014 3:34 pm COMMENTS (3)ON
The present Brokerage Plan permits a broker to charge brokerage higher of
(i) @Rs.0.25 per share irrespective of Face Value and contract price
(ii) 2.5% per share of contract price
The above plan authorizes to fix their brokerage for the same nature of services in wide ranging plan irrespective to small investor interest, having no power to get negotiate the Brokerage, whereas the Big Financial institutes and the Wealthy investors having the negotiation power is allowed to get the brokerage at negligible per cent to their buying, thus is made able to control the market.
take for examples the ordinary investors have to pay the brokerage @ Flat rate in respect to their buying of share @ Rs.10/- or below irrespective of face value of shares, the other is in state to negotiate the Brokerage to their choice as of Flat rate or per cent of contract price per share again irrespective of FV
The anomaly above is brought to notice of SEBI who had forwarded the same EXCHANGE on the contrary the EXCHANGE is treating the same as the claim for refund of excessive Brokerage, instead of taking in proper prospective of looking into Plan to check the application against the petty small investors besides preferential treatment to the Big House and worthy investors, enabling them to control the market and to gain in a disproportionate way.
Every one who found the above as full of anomaly are equally requested to take the issue with the exchange to get reviewed the plan as one for all in the interest of investors