https://www.taxtmi.com/notifications?id=128573 Amendments require sub-broker applicants to demonstrate adequate infrastructure and obtain exchange recognition; stock exchanges must forward Form B with the broker's recommendation (Form C) and the exchange recognition letter (Form CA) to the Board for registration. Stock brokers and sub-brokers must enter into Board-specified agreements, including a tripartite agreement creating privity between the stock broker and the sub-broker's client. Stock brokers are prohibited from dealing with unregistered sub-brokers, directors of a stock broker cannot act as sub-brokers to the same broker, and recordkeeping obligations for physical and dematerialized securities are expanded. en-us Tue, 23 Sep 2003 00:00:00 +0530 Fri, 22 Feb 2019 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128573 Amendments require sub-broker applicants to demonstrate adequate infrastructure and obtain exchange recognition; stock exchanges must forward Form B with the broker's recommendation (Form C) and the exchange recognition letter (Form CA) to the Board for registration. Stock brokers and sub-brokers must enter into Board-specified agreements, including a tripartite agreement creating privity between the stock broker and the sub-broker's client. Stock brokers are prohibited from dealing with unregistered sub-brokers, directors of a stock broker cannot act as sub-brokers to the same broker, and recordkeeping obligations for physical and dematerialized securities are expanded. Notifications SEBI Tue, 23 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128573