Class 12 FMM Chapter 1 notes | Part -2 | Capital market module | Class 12 Financial Markets Management
Stock broker Arranges to buy and sell securities on behalf of clients. Acc. to SEBI (Stock Brokers and Sub Brokers) Regulations,1992 Stock Broker is Member of stock exchange Requires to hold a certificate of registration from SEBI To whom SEBI will grant certificate of registration? Should hold the membership of any Stock Exchange Should abide by the rules and regulations Should obtain prior permission of SEBI in case of any change in status and constitution. Should pay the amount of fees for registration. Should take adequate steps for redressal of grievances of investors. For more explanation you can watch this video If it is an entity ? Should be eligible to be a member of stock exchange. Should have necessary infrastructure like office space Should have past experience. Should not be subjected to any disciplinary proceedings. NSE membership Anybody can become a member of NSE. The trading members of NSE have certain benefits Access to nationwide trading facility. He has the abi