Originally Posted by achiievers
Ahh... time for some brush up on our general knowledge. firstly, all brokers need to send daily reporting of stocks held in their margin a/c on behalf of the clients both to the exchanges and sebi with individual client breakups. so if you have 1 lk of shares with us, then the exchange and the sebi is aware of the exact details of the same on a daily basis. any deviation identified in the external audit, takes my broking licence and the business unit worth several crores for a toss. No wise businessman is interested in doing it I guess.
Hence I have got no clue how to get Rs 70000/- liquidated from your stocks and also lend to the market @ 18 to 24% interest p.a. Hats off to you Sir, for such a wonderful business plan. But in India its currently not possible.
Our business volumes are comparable with the leading broking houses of India which you may also verify from your end. This calls for the fact that as an organisation we have to have huge liquidity with the exchanges to execute such huge volumes. The current deposit maintained by us with exchanges are several hundred crores and I am sure it does not require a 70000/- unauthorised money to run the show.
The mega plan took us almost 3 months for us to design to give the best to the current trading industry and it took you just a second to call it a crap. I suggest you to first use it and feel whether its a crap or something better.
Being pessimist is a virtue but we must keep our window of experimenting open though with a pessimist view.
welcome to our family in anticipation. thanks.