Stock Broker Registration (Business Opportunities - Money Making)
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Item ID 2276581 in Category: Business Opportunities - Money Making
Stock Broker Registration | |
STOCK BROKER REGISTRATION IN INDIA [Securities and Exchange Board of India (Stock Brokers) Regulations, 1992] Stock broker is title to do trading i.e. sale or purchase in recognized stock exchange on its or on behalf of its client. The platform where trading happens is termed as "Recognized Stock Exchange". Stock broker is required to take Membership of Recognized Stock Exchange then after only being trading member, stock broker can do trading. The recognized stock exchange in India as on 23rd March 2021 are as follows: - List of Stock Exchange: BSE Ltd Calcutta Stock Exchange Ltd India International Exchange (India INX) Indian Commodity Exchange Limited Metropolitan Stock Exchange of India Ltd Multi Commodity Exchange of India Ltd National Commodity & Derivatives Exchange Ltd National Stock Exchange of India Ltd NSE IFSC Ltd Other Stock Exchanges are Licensed to Deal on the Following Segments: - Equity Equity Derivative Currency Derivative (including interest rate futures) Commodity Derivative Debt Stock broker further need clearing rights too either being clearing member or self-clearing member to do trading clearing and settlements. The broker itself can be clearing member or can-do agreement with separate one to do activities of Clearing which means a person having cleared and settlement rights in any recognized clearing corporation. No separate registration shall be required for stock broker registered with Board to act as clearing member. However, it required approval of clearing corporation of which it is admitted as a member to do services of clearing member. An application for grant of a certificate of registration as clearing member shall be submitted to Board in Form AD of schedule I through the clearing corporation of which it is admitted as member. Further clearing corporation shall forward the application form to the Board as early as possible, but not later than 30 days from the date of its receipt. However, it required approval of clearing corporation of which it is admitted as a member to do services of clearing member. An application for grant of a certificate of registration as clearing member shall be submitted to Board in Form AD of schedule I through the clearing corporation of which it is admitted as member. Further clearing corporation shall forward the application form to the Board as early as possible, but not later than 30 days from the date of its receipt. Checklist For Registration: Name of applicant, trade name, name of stock exchange, address of applicant and contact details Form of Organization — Sole Proprietorship, Partnership, Corporate PAN Card of Applicant Certificate of Incorporation/Registration Certificate Memorandum of Association and Articles of Association or Deed Audited/Un-audited Financial Statement of Applicant O Net-worth certificate KYC i.e., PAN and Aadhar Card of Proprietor/Director or partner Educational Qualification and Experience in derivatives trading or securities market of Proprietor/Director or partner Details of sales personnel or approved user who has passed any certification program MOU/Contract Agreement copy with clearing member if applicant want to clear and settle trades through clearing member Recommendation of Stock exchange With above listed documents, data and information applicant can put file for scrutiny to get the registration as stock broken in addition to this, further undertaking and declaration, profile, and business plan to be separately drafted to convince the board of easy and convenient approval on registration of Stock Broker Contact Us Call To : +91-9825600907 Email To : info@estabizz.com | |
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2024-04-29 (0.223 sec)