Sebi registered stock brokers

All Sub-Brokers are required to obtain a Certificate of Registration from SEBI without which they are not permitted to deal in securities.

SEBI has directed that no Trading Member shall deal with a person who is acting as a Sub-Broker unless he is registered with SEBI and it shall be the responsibility of the Trading Member to ensure that his clients are not acting in the capacity of a Sub-Broker unless they are registered with SEBI as a Sub-Broker.

It is mandatory for Trading Members to enter into an agreement with all the Sub-Brokers. The agreement lays down the rights and responsibilities of Trading Members as well as Sub-Brokers. Trading Members are requested to note the following with regards to Sub-Broker registrations:. Documents to be submitted Members need to attach scanned copies and send physical copies of the following documents as of the latest date along with the Sub-Broker registration application form:.

Comparison of Discount broker in India | Stock brokers

Documents to be submitted along with print of ENIT application Download Formats for application for registration of sub-broker. Model agreement between stock broker and sub broker. Download Model stock broker and sub-broker agreement. For further details, please refer to Circular No. This circular is in replacement to the Exchange Circular reference number: Trading Members wanting to withdraw the Sub-Broker application already submitted to the Exchange are requested to submit the withdrawal application.

Download Application for withdrawal of Sub Broker registration application. Members are kindly requested to take note and accordingly forward Sub-Broker annual fees, as per Schedule III of the SEBI Brokers and Sub-Brokers Regulations, SEBI vide its circular dated December 20, Ref No.

The procedure to be followed and the set of documents required to be submitted to the Exchange. Checklist for change in affiliation from one broker to other. Formats for change in affiliation. As per SEBI Circular No. The documentary requirements relating to surrender of SEBI registration of Sub-Brokers are given below.

Formats for cancellation of sub-broker registration. Download FAQs for Cancellation of Sub-broker. The documentary requirements relating to conversion of sub-broker to Authorised Person is given below. Conversion of sub-broker to Authorized Person. Formats for Conversion of sub-broker to Authorized Person.

Related Links Watch the market live! Equities Stock Watch Charts Map of the Market Get real-time market analyses! Verifying your trades Registering a complaint Getting NSE certification Did You Know.

The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up. Trading Members are requested to note the following with regards to Sub-Broker registrations: Members would be informed through letter and bill vide FTP to make available in its Exchange Dues Account the processing fee amounting to Rs.

In case of any deficiency in the application, the application form would be returned to the Member. The Member needs to check and update the details as required and then submit the same to the Exchange.

In such cases of re-submission, the Exchange would not charge the Sub-Broker registration processing fee. In case of applications which are complete in all respects, Members would be informed through letter in FTP asking them to make available the requisite SEBI registration fees in their Exchange Dues Account.

Page Not Found

The Exchange would start collecting the SEBI registration fees by debiting the Exchange Dues Account of the Members for Sub-Broker applications which are processed and complete in all respect from the very next day of intimation to the Member.

In case of re-submission of such applications, the Exchange would process the applications afresh. For cases where the applicant is not recognized by SRC or the Sub-Broker registration application has been withdrawn by the Member, the Exchange would not refund the SEBI registration fee collected.

However, such fees would be adjusted towards subsequent Sub-Broker registration applications by the same Member. In case the Member applies for withdrawal of the Sub-Broker registration application after its recognition by SRC or for cancellation of the application after it is registered with SEBI, then the Member would need to procure the refund of the SEBI registration fees directly from SEBI.

On receipt of the Sub-Broker registration certificate from SEBI, the details of registration number and registration date would be made available to the Member through ENIT. The physical Sub-Broker registration certificate would be forwarded to the Member for onward dispatch to the Sub-Broker.

Top 10 stock brokers in India | Stock brokers

Partial or total amount collected towards SEBI registration fees would not be adjusted towards any other dues payable to the Exchange. In case the Member applies afresh for SEBI registration for Sub-Broker applications returned to the Member who have been derecognized since they were unable to provide necessary clarification as sought by SEBI, within the time stipulated by SEBI, the Exchange would process such applications afresh.

Documents to be submitted Members need to attach scanned copies and send physical copies of the following documents as of the latest date along with the Sub-Broker registration application form: Proof of address of the applicant entity trade name — This is mandatory and the address on the proof needs to match with that on the application.

Only the latest telephone bill, electricity bill, valid ration card, valid passport, valid driving license and bank statement of the last one month from a nationalized bank is acceptable. Documents to be submitted upon receipt of prior approval: Application for fresh registration of Sub-Broker registration as per Circular No.

The documentary requirements relating to surrender of SEBI registration of Sub-Brokers are given below Cancellation of sub-broker. The documentary requirements relating to conversion of sub-broker to Authorised Person is given below Conversion of sub-broker to Authorized Person.

Verifying your trades Registering a complaint Getting NSE certification Did You Know The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.