The following are eligible to apply for membership subject to the regulatory norms and provisions of SEBI and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange -.

Stockbrokers And Financial Advisers Association

Where the applicant is a partnership firm, the applicant shall identify a Dominant Promoter Group as per the norms of the Exchange at the time of making the application.

A Limited Liability Partnership as defined in the Limited Liability Partnership Act, 6 of , shall be eligible to be admitted as a member of a Stock Exchange if:. Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services;.

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A Company as defined in the Companies Act, 1 of , shall be eligible to be admitted as a member of a Stock Exchange provided:. The following persons are eligible to become PCMs of NSCCL provided they fulfill the prescribed criteria:.

Further to Circular No: The AD Category - I banks which fulfill the prudential requirements are required to lay down detailed guidelines with the approval of their Boards for trading and clearing of currency futures contracts and management of risks. AD Category - I banks which do not meet the above minimum prudential requirements and AD Category - I banks which are Urban Co-operative banks or State Co-operative banks can participate in the currency futures market only as clients, subject to approval therefore from the respective regulatory Departments of the Reserve Bank.

Membership of New Debt Segment Click Here. The Exchange may specify such standards for investor service and infrastructure with regard to any category of applicants as it may deem necessary, from time to time.

SEBI vide circular No. The revised BMC requirements as prescribed by SEBI vide their aforesaid circular are given below: The Base Minimum Capital primarily shall be blocked from NSEIL deposits of Capital Market segment.

The number of members to be admitted shall be at the sole discretion of the Exchange.

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. Eligibility Criteria The following are eligible to apply for membership subject to the regulatory norms and provisions of SEBI and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange - Individuals Sole Proprietor Criteria Status Indian Citizen Age Minimum age: Criteria Status Registered Partnership firm under Indian Partnership Act, Designated Partners Identify at least two partners as designated partners who would be taking care of the day to day management of the partnership Age Minimum age of designated partner s: Dominant Promoter Norms Identify partner's sharing interest as per Exchange DPG norms Dominant Promoter Norms.

A Limited Liability Partnership as defined in the Limited Liability Partnership Act, 6 of , shall be eligible to be admitted as a member of a Stock Exchange if: Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services; A Company as defined in the Companies Act, 1 of , shall be eligible to be admitted as a member of a Stock Exchange provided: Dominant Promoter Norms Identify dominant group as per Exchange DPG norms Dominant Promoter Norms.

The following persons are eligible to become PCMs of NSCCL provided they fulfill the prescribed criteria: Minimum net worth of crores. Minimum CRAR of 10 per cent.

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Net NPA should not exceed 3 per cent. Made net profit for last 3 years. Capital Market Dealers Module Derivatives Market Dealers Module National Institute of Securities Markets NISM Series I — Currency Derivatives Certification Examination The above norm would be a continued admittance norm for membership of the Exchange.

Categories Base Minimum Capital Deposit in Rs. The amount blocked towards BMC will not be allowed for taking exposure on trades.

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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. Applicant should have an experience for not less than two years as a partner with, or an authorised assistant or authorised clerk or remisier or apprentice to, a member.

Identify at least two partners as designated partners who would be taking care of the day to day management of the partnership.

Should have a minimum of 2 years experience in an activity related to dealing in securities or as portfolio manager or as investment consultant or as a merchant banker or in financial services or treasury, broker, sub broker, authorised agent or authorised clerk or authorised representative or remisier or apprentice to a member of a recognised stock exchange, dealer, jobber, market maker, or in any other manner in dealing in securities or clearing and settlement thereof.

Registered Limited Liability Partnership under Limited Liability Partnership Act, Identify at least two partners as designated partners who would be taking care of the day to day management of the limited liability partnership.

Identification of at least two directors as designated directors who would be managing the day to day trading operations.