Obtain a Stock Broker License In India By Yourself
To be able to function as a Stock Broker required to register with SEBI (Securities and Exchange Board of India)
Application In Person
- Visit the stock exchange to make an application.
- Application forms can be obtained at the office during your visit or by clicking the link below to download the form. :link for form A refer page – 25
- Complete the application and submit it along with the required documents to be considered for membership to the members department of the stock exchange.
- Authorities will verify the provided. If all is correct then the user will receive an acknowledgement of their application.
- The completed application and the supporting documentation will go through by internal staff to obtain approval by the board as well being certified by SEBI.
- After the process, applicants receive an the letter of offer for provisional membership by the Board.
- With the provisional membership letter the applicant will require a SEBI certification SEBI.
- SEBI certification will be granted following its internal review.
- The applicant who has both documents should submit an enablement form to the department of membership as directed.
- The department of membership will submit a suggestion to allow members to join trading system.
Required Documents For Obtain a Stock Broker License
- Application form from
- Applicant name
- Applicant address
- Name of the trading company
- The educational qualifications of the applicant
- Address of the establishment
- Mobile number
- email ID
Aadhaar Card
Office Locations and Contacts
National Stock Exchange of India Ltd.,Exchange Plaza C-1, Block G,
BandraKurla Complex,
Bandra (E), Mumbai – 400 051.
Tel No. (022) 26598100-14/6618100
Fax Number: (022) 26598120
Go here to find office address and contacts.
Eligibility
- Age: Minimum age: 21 years old
- It is a must to Be an Indian Citizen
- Education must be at the minimum HSC or equivalent qualifications
- Experience: Applicants must have at least 2 years working as member of or an authorized assistant or authorized clerk or an apprentice to an active member.
Fees
- Stock brokers must contribute membership costs to the exchange.
- The fees will only be to be paid once SEBI decides that the applicant is competent to be SEBI approved stock brokers.
Validity
The certificate will be valid until it is suspended, or revoked in accordance with the Regulations.
Instructions
- A stock broker should comply with the guidelines set out by SEBI to register their business.
- The application procedure is similar to the one you have previously completed. Information like name, address PAN Number, Name and other crucial details have to be provided when applying. It is also necessary to specify the stock exchange which you wish to trade.
- Indicate the various segments you trade in such as equity derivatives currency derivatives, equity derivatives, and for each category including trading members, self-clearing trading cum members, and Professional clearing members.
- Stock brokers must obtain an official certificate of Registration (CoR) from SEBI for them to be able to continue in trading. According to the rules for the exchange the stock broker is not permitted to trade until they have an official CoR from SEBI. Sub-brokers are able to register as a sub-broker at SEBI, similar to an stock broker.
The Information You Need
- Name of the person who is applying
- Address
- PAN Number
- Mobile Number
- Telephone Number
Documentation is needed
- Professionals who are registered as stock brokers provide advice to clients and manage their investments. They are responsible for buying and selling stock as well as bonds and other securities.
Information that can be useful
Because SEBI is among the more strict and powerful organization in India and stockbrokers are subject to the oversight of SEBI,
External Links
National Stock Exchange
. The requirements for a licensed Stock Broker Education and Career Information
How to become an SEBI registered stock broker: A Comprehensive Guide