Your gateway to find great stocks for investment and trading

bear bull

Be Smart, Be Informed

Do your own analysis

No need to rely on tips and recommendations. Use our data to do your own analysis and make informed decisions.

Save Time

No need to browse through different websites for information. We keep historical data in highly searchable format.

Be ahead of others

No need to rely on stale data. We update data that is easily verifiable every EOD from first hand sources like BSE and NSE.

Need New Tools?

Have a great idea

Do you have a great idea regarding an investment tool which can help in increasing your investment and trading profit.

Did not find any one providing that tool

Tried researching, but could not find any one who offers such tools. Wondering how to capitalise on the idea?

No worries :-)

Just share that idea with us. Hopefully we will develop the functionality for you. Drop us a mail at  queries@equityfriend.com

Contract notes are one of the most important legal documents available to stock market investor. It keeps track of all his transactions at one place together with data of profit and loss. Availability of the critical information related to a transaction in this document and legality makes it important for an investor/trader to understand it properly. In this article we will find out how contract notes are structured and the practical purpose they serve.


What is Contract Note?

Contract note is the legal record of any transaction carried out on a stock exchange through a stock broker. It serves as the confirmation of trade done on a particular day on behalf of a client on a stock exchange (BSE/NSE). You receive this document from your broker at end of day if you have bought or sold share through him. This document is also available in digitally signed electronic format.


What are the details?

Contract note describes key details of a particular transaction together with date, time, price, quantity traded etc. It also includes a Reference Number which can be used to cross-check the details of the transaction with the stock exchanges. A valid contract note should have following details in structured format

  • SEBI registration number of the Trading Member/ Sub broker
  • Details of trade like, Order Number, Trade Number., Trade Price, Trade execution Time, Traded Quantity, Brokerage Charged, Settlement Reference Number, Details of other Service Charges
  • Signature of Authorized Signatory or Digital Signature in Electronic format
  • Bylaws and regulations pertaining to Arbitration


Why it’s required?

As the number of participants is increasing in stock market, odds of fraud and disputes are also growing day by day. SEBI has taken some steps to protect the interest of common investors. One of the very first steps in this direction is the digital contract note in prescribed format showing Price, Brokerage, Service Tax and STT etc. By looking at this document an investor can be sure that the order he placed through his broker has been executed in genuine fashion. This document is a prerequisite for filing a complaint or arbitration proceedings against your broker, you should always insist on timely delivery of contract notes from your broker. Contact note can act as cross reference in case of doubt with respect to any transactions as you can verify the genuineness of the same on the BSE/NSE website. The primary usage of a contract note is listed below:

  • Calculation of Capital Gains
  • Calculation of total brokerage charged
  • Calculation of data for filing Income Tax Return
  • Legal Proof in case of dispute with broker
  • Cross examining genuineness of the transactions


How to Get It?

Ask your broker to send it to you if you are not receiving it. You can get your email id registered with your broker and it will be delivered to you in electronic format. Now a day’s almost all broking houses provide digital contract notes. This service is normally free but at times your broker might charge a nominal fee.


How to read it?

Important parts of the contract note are described in the picture below. Some parts have been intentionally blurred so as to maintain the confidentiality of the client.



Trading and investing involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. No information available on Equityfriend should be construed as investment/trading tip or recommendation or a warranty of profitable results. All risks, losses and costs associated with investing/trading, including total loss of principal, are completely your responsibility.

No one from Equityfriend Team is a registered Research Analyst as per SEBI (Research Analyst) Regulations, 2014 and the material on this website are provided for information and analysis purpose only. Equityfriend.com is in no way accountable for your use of the website data.