Clause 49

A person shall not be admitted to membership of a stock exchange or to partnership in a member firm or as director of a member company until he has paid to the stock exchange concerned or, in the case of a member firm or company, the stock exchange by which the firm or company is recognized, as a contribution to its fidelity fund such amount being not less than three hundred dollars as is determined by the stock exchange.

A stock broker shall on or before the 31st day of March in each year pay to the stock exchange of which he is a member or, if he is a partner in a member firm, or director of a member company the stock exchange by which the firm or company is recognized as a contribution to its fidelity fund such amount being not less than three hundred dollars, as determined by the stock exchange.