Registration requirement: stock-brokers and sub-brokers must hold Board certificates and meet membership, fee and grievance conditions. Stock-brokers and sub-brokers must hold a certificate of registration from the Board to buy, sell or deal in securities; applicants may act until their application is disposed. Certificates are conditional: stock-brokers must be exchange members, comply with exchange rules, obtain prior Board permission on changes in status, pay prescribed fees, and redress investor complaints within one month while informing the Board. Sub-brokers must pay prescribed fees, address investor grievances within one month, obtain Board permission for status changes, and hold written authorisation from a member stock-broker.
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Provisions expressly mentioned in the judgment/order text.
Registration requirement: stock-brokers and sub-brokers must hold Board certificates and meet membership, fee and grievance conditions.
Stock-brokers and sub-brokers must hold a certificate of registration from the Board to buy, sell or deal in securities; applicants may act until their application is disposed. Certificates are conditional: stock-brokers must be exchange members, comply with exchange rules, obtain prior Board permission on changes in status, pay prescribed fees, and redress investor complaints within one month while informing the Board. Sub-brokers must pay prescribed fees, address investor grievances within one month, obtain Board permission for status changes, and hold written authorisation from a member stock-broker.
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