Issuance of Contract Notes.
The issuance of contract notes is a mandatory process where stockbrokers provide clients with a legally binding, daily record of all executed trades, detailing the securities, quantities, prices, and associated brokerage/taxes (like STT, GST) as a confirmation of transactions for transparency and dispute resolution. These digital (or physical) notes are sent to registered emails and serve as crucial financial documents for compliance, record-keeping, and verifying transactions with exchanges like NSE, with formats updated by regulators like SEBI.