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of <h1>Stock broker registration through recognised stock exchange: application, 30-day recommendation to SEBI, multi-exchange trading allowed</h1> Any person intending to act as a stock broker must apply for registration by submitting, through a recognised stock exchange (electronically or otherwise), the prescribed application in the specified form along with the application fee. The recognised stock exchange must examine the applicant's eligibility under the applicable Acts and regulations and the exchange's rules and bye-laws, and then forward the complete application to SEBI with its recommendation within 30 days of receipt. A stock broker registered with SEBI is permitted to operate on any recognised stock exchange or any segment thereof, subject to the approval of the relevant recognised stock exchange.
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