Guidelines for seeking NOC by Stock Brokers / Clearing Members for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures in GIFT IFSC

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.... Members for granting NOCs for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures, etc. in GIFT IFSC. With an endeavour to rationalise and streamline the process of application, the following guidelines are being issued. a) The format of application along with list of supporting documents for seeking NOC for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries or entering into Joint Ventures in GIFT IFSC is placed as Annexure-A. b) Stock Brokers and Clearing Members shall apply through a Stock Exchange where the applicant is a member, along with the required information, documents and NOC received from all Stock Exchanges/Clearing Corporations/Depositories in which the applicant is a member/participant.....

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....any in India and abroad 1. Name of the entity (Earlier name, if any) 2. Type of Intermediary (If Broker, names of Exchanges and if DP, name of the Depositories) 3. Registration Number 4. Date of Registration 2 Networth of the applicant company (in Rs.) 3 Details of the following persons: a) Promoters (Name and PAN number) b) Directors (Name, DIN and PAN number) c) Key Person of the applicant (Name and PAN number) 4 Details of regulatory action taken/ initiated/ pending, if any, against the applicant/ promoters/ directors/key personnel/ principal officer of the applicant company (in India/abroad) 5 Any fee remaining unpaid to SEBI by applicant/ associates 6 Amount of proposed investment (converted in Indian Rupees) 7 Wh....

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....specified in Schedule II of SEBI (Intermediaries) Regulations, 2008. d. Declaration cum undertaking (format enclosed) with regard to compliance with the 'fit and proper person' criteria as specified in Schedule II of SEBI (Intermediaries) Regulations, 2008 duly stamped and signed by the Authorized Signatories of the applicant. e. Latest shareholding pattern of the applicant and list of the shareholders who have controlling interest. Declaration Cum Undertaking We M/s. Name of the intermediary, having SEBI registration certificate in the capacity of _______________ bearing registration number ________________ hereby declare and undertake the following w.r.t our application for setting up WOS/SDS/JV in GIFT IFSC: 1. Name of the intermedi....