Requirements for sub broker
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