SHARE MART Spreads, leverage, minimum deposit Revealed

　　General Information

　　MCL (MARKET CREATORS LIMITED) is a public limited company founded in 1991 with its headquarters and registered office in Vadodara. Dr. J. H. Shah and Mr. Rashmi Acharya, two notable Chartered Accountants, are the company's founding members.

　　MCL is traded on the Mumbai Stock Exchange.

　　The firm was approved by SEBI as a Category I Merchant Banker in its first year. Merchant Banker firm mobilized Rs. 10,272.00 Lacs in either capacity as LEAD MANAGERS or Co-Managers after acquiring Category I membership.

　　Currently, the firm offers Advice-Based Broking, E-Broking Services, Depository Services, Commodities Trading, and IPO and Mutual Fund Investment Advisory Services, and it plans to provide Portfolio Management Services (PMS) in the near future.

　　SEBI Common Reg. No. INZ000206338 MCX MEMBERSHIP ID:12535 MAPIN NO:10014845 CDSL : IN-DP-CDSL-291-2005

　　MERCHANT BANKING REGISTRATION NO : NM000011575

　　Account Type

　　This broker has four accounts available for their clients. The accounts are as follows:

　　FCNR

　　Foreign Currency Non-Resident Account. It is maintained in foreign Currency viz., US Dollar (USD), Pounds Sterling (GBP), Euro Currency (EUR) and Japanese Yen (JPY), but only as fixed deposits. The Principal and Interest earned thereon are repatriable.

　　NRE Bank Account

　　Non-Resident External Account. Maintained in Indian Rupees, both in the form of savings bank and fixed deposit. Principal and Interest earned thereon are repatriable.

　　Portfolio Investment Scheme (PIS)

　　This is similar to the NRE/NRO savings a/c. The NRI can trade in the secondary stock market with Repatriation (from NRE PIS a/c) and on non-repatriation basis. Demat a/c's can be opened with signatures of Power of Attorney(POA). So you can get a POA in your favour and open the Demat a/c.

　　How can NRI's Trade int he Indian Financial Market (NSE and BSE) ？

　　NRIs are permitted to invest in shares / convertible debentures of Indian companies, by Reserve Bank of India , under Portfolio Investment Scheme (PIS), in secondary market through a registered broker on a recognized Stock Exchange. Reserve Bank of India , vide A.P.(DIR Series) Circular No. 13 dated November 29, 2001 has prohibited OCBs to invest under PIS in India . Further, the OCBs that have already made investments under PIS have been allowed to continue to hold such shares / convertible debentures till such time these are sold on the stock exchange.

　　Investment Products

　　They offer a range of investment products and services made available to the client. The following investment opportunities are available:

　　- Equities

　　- Mutual Funds

　　- Deriviatives

　　- IPO

　　- Insurance

　　Customer Support

　　This broker does not offer customer support to their clients. They have a contact form for their clients to complete. They also have the following contact information.

　　Market Creators Limited.

　　“Creative Castle”

　　70, Sampatrao Colony,

　　Opp. Masonic Hall, Productivity Road,

　　Vadodara - 390 007 Gujarat India

　　Phone no. : 0265 - 2354075.

　　Fax : 0265 - 2340214.

　　E- Mail : customercare@marketcreators.net