Stock broker registration requires application via a recognised stock exchange, exchange recommendation, and Board submission within thirty days. A person intending to act as a stock broker must apply to the Board through a recognised stock exchange in the prescribed form with application fees; the exchange will examine eligibility against applicable laws and its bye laws and, within thirty days of a complete application, forward the application with its recommendation to the Board. Registered stock brokers may operate on any recognised stock exchange or segment subject to that exchange's approval.