Broker registration criteria require fitness, infrastructure, certification, networth and absence of adverse disciplinary or financial liabilities. Regulation 5 requires SEBI to consider, for grant of a stock-broker registration certificate, eligibility for exchange membership, adequate infrastructure and manpower, relevant trading experience, any disciplinary or enforcement history involving the applicant or connected persons, absence of outstanding financial liabilities under securities laws, possession of required certification for associated persons, and satisfaction of fit-and-proper criteria and the minimum networth and deposit requirements specified for the relevant segment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Broker registration criteria require fitness, infrastructure, certification, networth and absence of adverse disciplinary or financial liabilities.
Regulation 5 requires SEBI to consider, for grant of a stock-broker registration certificate, eligibility for exchange membership, adequate infrastructure and manpower, relevant trading experience, any disciplinary or enforcement history involving the applicant or connected persons, absence of outstanding financial liabilities under securities laws, possession of required certification for associated persons, and satisfaction of fit-and-proper criteria and the minimum networth and deposit requirements specified for the relevant segment.
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