https://www.taxtmi.com/circulars?id=61800 Brokers and stock exchanges must ensure sub-brokers do not commence buying, selling or dealing in securities until SEBI has cleared the registration and the sub-broker holds the SEBI-issued registration certificate; mere application to a broker or exchange does not permit commencement of business, and contravention or abetment invites penal consequences under the SEBI Act. en-us Mon, 15 Jan 2001 00:00:00 +0530 Tue, 16 Jul 2019 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61800 Brokers and stock exchanges must ensure sub-brokers do not commence buying, selling or dealing in securities until SEBI has cleared the registration and the sub-broker holds the SEBI-issued registration certificate; mere application to a broker or exchange does not permit commencement of business, and contravention or abetment invites penal consequences under the SEBI Act. Circulars SEBI Mon, 15 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61800