Revised Format of Monthly Development Report (MDR)
Summary
This circular revises the format of the Monthly Development Report (MDR) submitted by stock exchanges to SEBI. It mandates that exchanges with significant turnover submit reports monthly, while smaller ones submit them quarterly. The revised report structure includes four sections covering trading details, investor complaints, administration, and listing information.
Text
The format of the Monthly Development Report (MDR) being submitted by the stock exchanges has been modified /revised... The revised MDR will comprise of four sections: Section I – Trading & Ancillary Details; Section II – Investor Complaints & Arbitration; Section III – Stock Exchange Administration; Section IV – Listing & Other Information.
The Exchanges, having turnover of Rs. 20 Crore or more in a month or Rs. 200 Crore or more in the previous Financial Year, are required to submit the Development Report on the Monthly Basis. All the other exchanges... are required to submit the Development report on a quarterly basis.
Monthly Development Report being submitted by the subsidiary company floated by the stock exchange may be discontinued from January 2005 and stock exchanges are advised to obtain exceptional report from the subsidiary company and report to SEBI, if necessary, about the important developments.
You are requested to submit the information in soft copy (floppy), as per the revised format stated at Annexure from the month of January 2005 onwards and ensure the same reaches us within 7 days from the close of each month.
Source: SecMarx — Revised Format of Monthly Development Report (MDR). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.