Description

User manual and instructions for submission of half-yearly networth certificate by clearing members through the IEFS portal for the period ending September 30, 2025.

Summary

BSE has issued a user manual detailing the process for clearing members to submit their half-yearly networth certificate as on September 30, 2025 through the IEFS (Integrated Enterprise Filing System) portal. The submission includes networth computation details, auditor information, and supporting documents with specific file nomenclature requirements.

Key Points

  • Clearing members must submit networth certificates through the IEFS portal at https://iefs.bseindia.in
  • Login credentials are based on the clearing code (both member code and login ID)
  • Members must select ‘Half Yearly’ mode and appropriate financial year
  • Variable networth amount must be entered in designated field
  • All non-applicable fields must be filled with ‘0’
  • Documents must follow specific file naming conventions
  • Applications undergo scrutiny by admin users and may be returned if discrepancies are found

Regulatory Changes

No regulatory changes. This is a procedural manual for existing networth submission requirements.

Compliance Requirements

Login Process

  • Access IEFS portal using clearing code as both member code and login ID
  • First-time users must reset password using ‘Forget Password’ option

Networth Details Submission

  • Select mode as ‘Half Yearly’ and appropriate financial year
  • Complete all fields in networth computation form
  • Enter variable networth amount
  • Enter ‘0’ for non-applicable fields
  • Accept declaration before saving

Auditor Details

  • Provide complete auditor information as required

Document Upload Requirements

  • Networth Certificate: File name format: netcert[clearingcode]mmmyyyy (e.g., netcert123456sept2025)
  • Computation of Networth: File name format: netcomp[clearingcode]mmmyyyy (e.g., netcomp123456sept2025)
  • All documents must be scanned and saved with exact nomenclature
  • Invalid file nomenclature will generate system error

Submission Process

  • Click ‘Save’ after uploading all documents
  • Click ‘Submit and Generate ID’ to send application to ICCL for approval
  • Monitor email for any queries or clarifications from ICCL

Important Dates

  • Reference Date: September 30, 2025 (networth calculation date)
  • Submission Period: As per BSE/ICCL regulations for half-yearly reporting

Impact Assessment

Operational Impact

  • High: All clearing members must complete this mandatory compliance requirement
  • Members failing to submit may face restrictions on clearing operations
  • Query/rejection of applications will require resubmission with corrections

Process Impact

  • Standardized electronic submission process through IEFS portal
  • Strict file naming requirements reduce processing errors
  • Admin scrutiny process ensures quality control but may delay approvals if discrepancies found
  • Email notifications keep members informed of application status

Member Responsibilities

  • Ensure accurate networth computation
  • Maintain proper documentation from auditors
  • Follow exact file nomenclature for document uploads
  • Monitor portal and email for queries requiring response
  • Resubmit corrected applications promptly if returned with queries

Impact Justification

Mandatory regulatory compliance requirement for all clearing members to submit networth certificates. Non-compliance may result in operational restrictions or penalties.