TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Regulation 12A Updates: Sub-brokers Require Fresh Registration, Adhere to Exchange Rules, and Ensure Grievance Redressal.</h1> Regulation 12A of the SEBI (Stock Brokers) Regulations, 1992, addresses the registration conditions for sub-brokers. Initially, sub-brokers were required to obtain prior approval from the Board for changes in status or constitution. This requirement was omitted in 2011, and sub-brokers now must obtain fresh registration under section 12 of the Act when applicable. The regulation mandates adherence to stock exchange rules, payment of fees, grievance redressal within a month, and written authorization from a stock-broker. The regulation was further amended in 2018, effective from April 2019, with certain conditions being omitted.
TaxTMI 
