AN IMPORTANT UPDATE ON BSE -
The Exchange vide its Notice No. 20120531-02 dated May 31, 2012 informed the members about the value of shares of BSE Limited to be taken into account by them as fair value for the purpose of computation of their Networth as on March 31, 2012 & September 30, 2012.
The Exchange in order to have uniformity with regard to value of shares of BSE Limited based on the formula mentioned in the Exchange Notice dated December 1, 2008 has determined the Fair Value of Shares of BSE Ltd., duly certified by the Auditor of the Exchange at Rs.139.06 per share against Rs. 161.48 the last year. This value can be taken into account by the trading members for the purpose of computation of Networth as on March 31, 2013 and thereafter for the purpose of computation of Networth as on September 30, 2013.
For the purpose of computation of Networth, members are requested to apply 50% haircut to the Fair Value of shares of BSE Limited as mentioned above.
It is to be noted that, the trading members may take any other value lesser than the valuation done by BSE Limited if the value is certified by the Chartered Accountant.
Accordingly, trading members for the purpose of computation of Networth as on March 31, 2013 and September 30, 2013 can take value of shares of BSE Limited at either Book Value i.e. Re.1/- per share or Fair Value duly certified by Auditor of BSE Limited or can take any other value which is less than the Fair Value if the same is duly certified by the Chartered Accountant of the trading members.
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BHAVIKK SHAH's BLOG
The Exchange vide its Notice No. 20120531-02 dated May 31, 2012 informed the members about the value of shares of BSE Limited to be taken into account by them as fair value for the purpose of computation of their Networth as on March 31, 2012 & September 30, 2012.
The Exchange in order to have uniformity with regard to value of shares of BSE Limited based on the formula mentioned in the Exchange Notice dated December 1, 2008 has determined the Fair Value of Shares of BSE Ltd., duly certified by the Auditor of the Exchange at Rs.139.06 per share against Rs. 161.48 the last year. This value can be taken into account by the trading members for the purpose of computation of Networth as on March 31, 2013 and thereafter for the purpose of computation of Networth as on September 30, 2013.
For the purpose of computation of Networth, members are requested to apply 50% haircut to the Fair Value of shares of BSE Limited as mentioned above.
It is to be noted that, the trading members may take any other value lesser than the valuation done by BSE Limited if the value is certified by the Chartered Accountant.
Accordingly, trading members for the purpose of computation of Networth as on March 31, 2013 and September 30, 2013 can take value of shares of BSE Limited at either Book Value i.e. Re.1/- per share or Fair Value duly certified by Auditor of BSE Limited or can take any other value which is less than the Fair Value if the same is duly certified by the Chartered Accountant of the trading members.
Please Visit -
BHAVIKK SHAH's BLOG
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