Documents / Checklist for Sub-broker Registration as a Corporate/ Company in NSE

For Registration Fees details kindly refer Registration Fees Structureoption

Member Sub-broker Agreement (Refer note 12)

Form B (Application to SEBI for Registration)

Annexure A (Reference letter from the Bank - Current A/c– as per format enclosed)

Annexure B (Reference letter from the Chartered Accountant– as per format enclosed)

Undertaking (On the Applicants letterhead – Applicant will deal directly with investors & not through any other sub-broker and SEBI has not taken any action against applicant)

Annexure O (On the Applicants letterhead - Applicant should not be having an equity holding of 10%)

Annexure L1 – Shareholding Pattern duly signed by all the directors and certified by CA

Annexure E – Board Resolution duly signed by all the directors and certified by CA

Minimum age requirement of the directors should be 21 years.

Age Proof (duly certified – by a C.A/ Notary) for all the directors

  • PAN Card

* (Certified True Copy of PAN Card for all the directors & company are required.)

Proof of office address of the applicant entity (trade name) (Refer Note 78) –

  • Telephone Bill (MTNL/ BSNL Landline)
  • Electricity bill
  • Nationalized Bank Statement

Residential Address proof of all the directors (Refer Note 78) –

  • Telephone Bill (MTNL/ BSNL Landline)
  • Electricity bill
  • Ration card
  • Driving License
  • Passport
  • Voters Id
  • Nationalized Bank Statement

Qualification Proof (duly certified – by a C.A/ Notary) (Refer Note 6)

Minimum Qualification / Proof Required
HSC / HSC Marksheet
SSC + Experience of Minimum 2 years in Capital market / SSC Marksheet + Experience Letter from Broker / Any of his Sub-broker (ref note 6)

MOA & AOA, Certificate of incorporation required (duly certified by C.A. / Notary along with registration no.). Highlight the point where the clause to deal in capital market to earn brokerage as a sub-broker is mentioned

Form 32 filed with the R.O.C. for any resignation or appointment of Directors duly attested by CA

In case of Franchise, Lease Deed on the stamp paper of Rs.50 / Rs. 100 (refer Formats)

In case of Sitting Sub-broker, Sitting Sub-broker Undertaking (refer Formats)

For registering in NSE F&O segment, Kindly refer NSE Authorised Person file of Corporate

Note:

  1. Franking of the Member sub-broker agreement will be done by HO.
  2. Three Signatures of Applicant are required on 1st Page& One Signature is required on all remaining pages of Agreement by all the directors along with stamp
  3. All Directors Signature (with Stamp) required on Form B, Undertakings, Annexure L1, Annexure O, Resolution and Agreementetc.
  4. All proof submitted should be duly attested by a C.A or a Notary.
  5. All certification by a C.A should consist of his signature, stamp & membership no.
  6. Experience certificate in Capital Market as an employee/dealer for more than 2 years.
  7. Don’t submit for joint a/c’s & Without mentioning S/o, D/o, W/o, C/o., ICICI, HDFC & Axis Banks allowed
  8. In case of any Address Proofsubmitted – Pin Code is mandatory.
  9. In case of corporate applicant, any directoris a Married female and there is change of name, then, copy of marriage certificate / affidavit duly attested by notary supporting change of name should be submitted.(refer Formats)

FORM – B

SECURITIES AND EXCHANGE BOARD OF INDIA

(Stock Brokers and Sub-Brokers) Regulations 1992 (Regulation 11)

Application Form for Registration as a Sub-broker with

Securities and Exchange Board of India

  1. Name of applicant sub-broker: ______
  2. Trade name of sub-broker, Corporate body: ______
  1. Form of organisation –  Corporate. Please give name of all director’s:

1.
2.
  1. Educational qualifications of all directors:

Name / Status / Qualification / ®
  1. Name of the member-broker and Stock Exchange to Which applicant is affiliated: (Emkay Global Financial Services Ltd. (Member of National Stock Exchange of India Ltd-Membership No. 09018)
  1. Date of acquiring sub-broker ship: N.A.
  2. Infrastructure arrangements – indicate fax, telex and phone numbers of offices and residential numbers. Also indicate the number of employees.

Office Address:
 / Fax/Telex:
Number of Employees: / E-mail:

8.Number of branch office and their location with phone, telex, and fax no.

Branch offices location
/  /
Fax/Telex
1.
2.

I certify that the information given in this application form is true to the best of my/our knowledge and belief.

Recommendation letter from the stockbroker to whom I/we am/are affiliated and two references, including one from the banker as required are enclosed.

Signature: ______

(Signature of all the directors)

Date: ______

------Recommendation of the Stock Exchange------

This is to certify that ______is a sub-broker affiliated to ______member-broker of this exchange.

The application is recommended/not recommended for registration by the Board.

AUTHORISED SINGATORY

Signature

______Stock Exchange

Annexure – A

(Bank’s reference letter on Bank’s Letter-head)

(To be acquired from the bank on the Bank’s letterhead where the sub-broker has having its/his/her current /saving account)

TO WHOMSOEVER IT MAY CONCERN

This is to certify that ______and ______ directors (name of all directors) of M/s ______(name of the company) are maintaining Current/Saving Account No. ______with us since ______and the operations in the account have been found to be satisfactory.

This certificate is issued at the specific request of the customer.

The signature of the customer appended below is as per our records.

Bank Seal and Signature of Banker

Annexure – B

(CA’s reference letter)

(To be acquired from the CA on the Chartered Accountant’s letterhead)

TO WHOMSOEVER IT MAY CONCERN

This is to certify that I personally know ______& ______ directors (name of all directors) of M/s. ______(name of the company) having his/herregistered office at ______since last ______years. I am aware that M/s. ______,(name of the company) proposes to register itself as a sub-broker with SEBI for the operations in Capital Market.

In my opinion, they are honest, rational and sincere person with sound financial position. I certify that, to the best of my knowledge and belief they are the person who can be entrusted with the work, which requires complete integrity and financial responsibility.

Name of the Company of Chartered Accountant

Sign,Seal and Membership Number of Chartered Accountant

Undertaking

(To be acquired on the letterhead of the Applicant)

To,

The Membership Department

National Stock Exchange of India ltd.

ExchangePlaza,

Bandra-Kurla Complex,

Bandra (East),

Mumbai-400 051.

We ______and______(name of all directors)directors of M/s.______(name of the company) have not been convicted of any offence in the past and presently not under trial for any offence involving fraud and dishonesty.

We further undertake that we will deal directly with investors and not with any unregistered intermediary.

We am not affiliated to any other member/sub-broker of National Stock Exchange of India Ltd and have no direct or indirect interest or dealing in any other member/sub-broker firm.

We hereby confirm that we have not submitted sub-broker application through any other Trading member of National Stock Exchange of India Ltd.

Neither I/we am/are registered as a Member/ Sub-broker of any Commodity Exchange nor I/we have applied for registration as Member/ Sub-broker of any Commodity Exchange.

There was /is no adverse action whatsoever, such as enquiry/adjudication (penalty imposed)/ suspension/cancellation/ prosecution/ de-barring form capital market, initiated /pending/completed against me/us or against my/our firm by SEBI or any other authority/institution, either in past or at present.

I/we fully understand and am/are aware that giving false declaration/ undertaking is an offence and can result in certain actions including the rejection of application and/ or/ cancellation of my/our application/ registration.

(Signature)

(Signatures of all the directors)

Date:

Place:

ANNEXURE-O

(To be acquired on the letterhead of the Applicant)

To,

The Membership Department

National Stock Exchange of India ltd.

ExchangePlaza,

Bandra-Kurla Complex,

Bandra (East),

Mumbai-400 051.

Dear Sir,

  1. The share holding pattern of the company as on ______is given in Annexure: L1. There has been no change in the shareholding pattern of the Company after this date.
  1. The applicant, any of the shareholders of the company do not directly or indirectly, singly or jointly, have an equity holding of 51% or more and /or any share in his/her name and/or jointly with any of his/their close relatives in any sub broker of a member of NSE or vice-versa.

We hereby state that the information given above is true, correct and complete to the best of our knowledge and information. We also state that no relevant material fact has been suppressed. We agree that in the event of any of the above statements being found false, incorrect or incomplete, we recognise that NSE may take any action as it may deem fit, including recommending to SEBI for cancellation of our registration as sub-broker. We also agree to provide NSE with all such documents as may be called for and be required from time to time by NSE or the member with whom we are affiliated as a sub-broker.

Signature:

(All the directors with the stamp)

Date:

Place:

ANNEXURE – L1
(on the letterhead of the Company)
Share Holding Pattern duly certified by the Chartered Accountant

To,

The Membership Department

National Stock Exchange of India ltd.

ExchangePlaza,

Bandra-Kurla Complex,

Bandra (East),

Mumbai-400 051.

Certificate dated______

submitted by ______to NSEIL

SHARE HOLDING PATTERN of ______as on ______

Sr. No. / Name of the Directors / Number of Shares held / Paid up Amt (Rs.) / % of Total
1.
2.
3.
4. / Others
Total

Note:

  • Persons holding 2% or more of the paid up capital should be shown separately and not clubbed in Others.

Date:

Place: Signature(s): For ______

Director (s)

CERTIFICATE

This is to certify that the Shareholding in M/s. ______as given above, based on my/ our scrutiny of the books of accounts, records and documents is true and correct to the best of my/our knowledge and as per information provided to my/our satisfaction.

Place: For (Name of Accounting Company)

Date:

Name of Proprietor/Partner/Director

Chartered Accountant

Membership Number

Annexure – E

(Resolution – On the letterhead of the Company duly certified by a CA & signed by all the Directors)

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS AT ITS MEETING HELD ON ______, AT ITS REGISTERED OFFICE AT ______

RESOLVED THAT Mr.______be and is hereby authorised to sign on the documents pertaining to registration of sub-broker as required by rules of Securities & Exchange Board of India.

Signature:

(Signatures of all the directors)

Date: