How to Open Online Stock Trading Account

clementprem wrote:Hi
I live in colombo and interested in share market. To begin i have to open a CDS account , the problem is i dont have colombo address in my ID and there are no bills paid in my name. Im 21 and there are no stock brokers in my area. is there any ways to get into the market,, plz help me.
thankz
Clement.

Antonym wrote:Thanks, NewComer!

I want to get the Rights into my CDS account, so that I can sell them - only if the Rights price is higher than expected. So, I should hand over the Acceptance Form (A) and Renunciation Form (B) to my broker. Is that correct?

Antonym wrote:Thanks, NewComer!

I want to get the Rights into my CDS account, so that I can sell them - only if the Rights price is higher than expected. So, I should hand over the Acceptance Form (A) and Renunciation Form (B) to my broker. Is that correct?

Rights and Share Splits
Right Issues
In the event a Listed Company announces a rights issue, CDS shall furnish the Listed Entity or its Secretary/Registrar a list of CDS account holders with their respective holdings with regard to that security as at the date of entitlement.

The Listed Entity shall post the letters of allotment direct to the respective security holders. Security holders may deposit such letters of allotment with the CDS.

Trading on allotment letters in the market shall be done through a Participant and shall be after deposit of the letter of allotment with CDS.

Cheques in respect of rights purchased shall be sent to CDS through the Participant through whom the rights were purchased and shall be drawn as specified by the Company.

All the cheques shall be forwarded to relevant manager/registrar to the offer by CDS on renunciation day.http://cds.lk/service/rights-share-splits.html

10.4 Rights issues
a) In the event of a Listed Entity issuing Rights, the CDS shall furnish the Company Secretary of the Listed Entity a list of Account Holders with their respective holdings with regard to that Security as at the date of
entitlement.

b) The Listed Entity shall post the Provisional Letters of Allotment directly to the respective Account Holders as per information provided by CDS, subject to Rule 10.6 below.

c) An Account Holder may renounce his Provisional allotment of Rights arising from the Rights issue to the CDS through the Participant. For this purpose the duly perfected Provisional Letter of Allotment shall be deposited in the respective Client Account by the Account Holder through his Participant. The Account Holder may trade on such Rights through the Participant. Such deposits and trading in Rights shall be allowed during the period of renunciation of the Rights issue.

d) The CDS shall submit to the Participants a list of Account Holders who hold Rights in the CDS through such Participant with their respective holdings in Rights as at the last date of renunciation. The Participants shall submit the payments in respect of the Rights shares subscribed for by the Account Holders to CDS by 10.30 hours on the last date of Acceptance of Rights. Such payments shall be duly forwarded by the CDS to the relevant Listed Entity. Details of any Rights not subscribed by Account Holders shall be notified by the respective Participants to the CDS by 10.30 hours on the last date of Acceptance of Rights. Such Rights not subscribed by Account Holders will be duly withdrawn by the CDS.

e) Any Rights duly subscribed by the Account Holders in the CDS, shall be converted to shares as per the instructions given by the Company Secretary of the Listed Entity upon the listing of such shares on the CSE pursuant to the Rights issue.

10.5 In the event Rights or dividends accrue to an Account Holder between the trade day and the settlement date and such Account Holder defaults payment on the Securities purchased, the Participant shall be entitled to the following:
a) Prior to the date of dispatching the letter of provisional allotment, which shall not exceed five (5) Market Days from and excluding the date of provisional allotment (in the event of a Rights issue) or the date of payment (in the event of a dividend), request the CDS, in writing, to transfer such entitlement in favour of the Participant.

b) On receipt of such request the CDS shall inform the relevant Listed Entity to issue the entitlement (Rights or dividend) in favour of the Participant.

10.6 The Company Secretary of the Listed Entity may, at his/her/its discretion and at his/her/its own risk, deviate from the information given by the CDS pertaining to the address or the dividend Payment instructions of an Account Holder who is entitled to a corporate benefit, if sufficient proof is produced by the Account Holder to the satisfaction of the Company Secretary of the Listed Entity, giving reasons for such deviation from the instructions/information given by the CDS.

npp wrote:

slstock - in that case, does he signs for you ?

Chinwi wrote:

npp wrote:

slstock - in that case, does he signs for you ?

පිස්සුද ? එහෙම කොහොමද?
--
p.s.
හැම දේම කියල දෙන්න පුලුවන්ද?
just use your brain kollo.

KAS10 wrote:Compared to other brokers Richard Pieris Securities is offering some interesting facilities to clients specially to retailers. My account with them and its very easy to deal with those guys at Arpico. I have seen most of the brokering firms now discouraging retailers and these guys are mainly focusing on retail trading and which is a great thing for small time investors like us.
1.Direct FN to any client (even for a rs.10000.00 portfolio)
2.Margin trading (Richard Pieris Financial Services) and in house margin with a lowest rate.
3.No month end selling. 
4.Reuters trading platform to be announced 
5.Good research reports & if you want customized research to be done that also can be done upon request.
6.Ample parking facilities for more than 25 vehicles 
7.Friendly staff