Your SlideShare is downloading. ×
0
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Sub brokers
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Sub brokers

1,350

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,350
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Chetana Hazarimal Somani College Of COM. & Eco. & Smt. Kusumtai Chaudhari College Of Arts Topic:- Sub Brokers Presented To:- Prof. Nitesh
  • 2. Group Members Sr.No. Name Roll. No 1 Kiran. Badsiwal 202 2 Rupesh. Gupta 215 3 Anil. Jain 217 4 Meenakshi. Kamble 219 5 Neha. Panchal 224 6 Siddesh. Shinde 235 7 Durgesh. Shivalkar 236 8 Jeet. Shukla 239 9 Heena. Tiwadekar 244 10 Priti. Vishwakarma 247
  • 3. Agenda  Introduction  How Sub Broker Is Registered?  Eligibility Criteria For Registration As Sub Broker  Difference Between Broker And Sub Broker  Functions Of Sub Broker  Code Of Conduct  Smart Things To Know About Sub Broker In Stock Market  SEBI Has Laid Down Certain Guidelines For Dealing With Brokers & Sub-brokers  Conclusion
  • 4. Who is a sub-broker???? A sub broker is intermediately channel of broker who serves the services of its broker to clients and gets some commission. Introduction
  • 5. How sub broker is registered???? Obtain a Certificate of Registration from SEBI  Only deal with sub broker who is registered with SEBI
  • 6. Eligibility criteria for registration as sub broker In case of an individual: The applicant should not be less than 21 years of age. The applicant should not be convicted of any offence involving fraud or dishonesty. The applicant should at least passed 12th standard equivalent examination from an institution recognized by the government. The applicant should be a fit and proper person.
  • 7. Difference between Broker and Sub Broker Brokers can work on their own the sub brokers work under a broker. The clients themselves cannot perform due to certain constraints like the time constraints, lack of proper knowledge, etc. Brokers are obliged to perform all those activities and functions on behalf of his clients
  • 8. Execution of orders Issue of purchase or sale note Breach of trust Business and Commission Business of defaulting clients Fairness to clients Investment advice Functions of Sub Broker
  • 9. Code of conduct Protection of clients interests Transactions with brokers Legal agreement between brokers Advertisement and publicity Inducement of clients
  • 10. General conduct Failure to give information False or misleading returns Manipulation Malpractices Contd….
  • 11. Smart things to know about sub-brokers in stock market •Conducting transactions in the stock market •Dealing of investors with sub brokers •Singing of agreement •Issuing purchase/ sale note •Percentage of brokerage •Authority of issuing cheques
  • 12. SEBI has laid down certain Guidelines for Dealing with Brokers & Sub-brokers
  • 13. •Do’s: Deal only with SEBI Valid SEBI registration certificate. Permitted to transact in the market. Placing orders on our behalf. Client registration form to be signed Enter into an agreement
  • 14. Confirmation memo for trades done each day Insist on bill for every settlement. Ensure that broker’s name, trade time and number, transaction price and brokerage are shown distinctly on the contract note. Ensure receipt of payment/ deliveries within 48 hours of payout In case of sub-broker disputes, inform the main broker about the dispute within a maximum of 6 months. Contd..
  • 15. Don’ts :- Don’t deal with unregistered broker/sub-broker. Don’t deal with unregistered broker/sub-broker. Don’t pay more than the approved brokerage to the intermediary. Don’t undertake deals on behalf of others. Don’t neglect to set out in writing orders for higher value given earlier over the phone. Don’t sign blank delivery instruction slip(s) while meeting security pay-in obligation.
  • 16. Don’t accept unsigned/duplicate contract note/confirmation memo. Don’t accept contract note/confirmation memo signed by any unauthorized person. Don’t delay payment/deliveries of securities to the broker/ sub-broker. Don’t get carried away by luring advertisements. Don’t be led by market rumors or get into shady transactions Contd….

×