Registration conditions for sub-brokers require compliance with exchange rules, payment of fees, grievance redressal and written authorization. Regulation 12A imposed conditions on sub-broker registration requiring compliance with applicable stock exchange rules and bye-laws; payment of Board fees in the prescribed manner; provision of investor grievance redressal within one month and reporting complaint particulars to the Board; and written authorization from a stock-broker member to affiliate in securities dealings. Amendments repealed certain clauses and provided that, where applicable, a sub-broker must obtain fresh registration under section 12 of the Act despite such repeals; the regulation itself was later omitted by notification effective in 2019.
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.
Registration conditions for sub-brokers require compliance with exchange rules, payment of fees, grievance redressal and written authorization.
Regulation 12A imposed conditions on sub-broker registration requiring compliance with applicable stock exchange rules and bye-laws; payment of Board fees in the prescribed manner; provision of investor grievance redressal within one month and reporting complaint particulars to the Board; and written authorization from a stock-broker member to affiliate in securities dealings. Amendments repealed certain clauses and provided that, where applicable, a sub-broker must obtain fresh registration under section 12 of the Act despite such repeals; the regulation itself was later omitted by notification effective in 2019.
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