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Requirements for sub broker

Tags: money, careers, education
Asked by Sumit Garg, 18 Oct '09 07:28 pm
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Membership of Exchange

The investors can trade at the Exchange either through the members of the Exchange or through the sub-brokers, who are registered with SEBI through the members. An individual or a company formed in compliance with the provisions of Section 12 or Section 322 of the Companies Act, 1956 can become a member of the Exchange.

Qualifications for becoming an individual member of the Exchange are:

Minimum age of 21 years.
Citizenship of India: The Governing Board may in suitable case relax this condition.
Not been adjudged bankrupt or insolvent.
Not compounded with his creditors. ...more
Answered by hari, 18 Oct '09 07:43 pm

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