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Options
- A
Broker should have a separate audit team that inspects the process of issuing contract notes at all his sub-brokers
- B
Brokers should promptly issue contract notes to their clients every week on Friday
-
Brokers should promptly issue contract notes to their clients and clients of their sub-brokers
Correct answer
- D
Broker should ensure that his sub-brokers issue contract notes every week to their clients
Why this is the answer
SEBI mandates daily issuance of contract notes as proof of transactions.
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