The document outlines the provisions and requirements for registration of stock brokers and sub-brokers in India. It defines key terms like stock broker, sub-broker, and stock exchange. It states that the Securities and Exchange Board of India (SEBI) may grant a certificate to stock brokers if they hold membership in a recognized stock exchange, abide by exchange rules and regulations, and pay requisite fees. SEBI registration for sub-brokers may be granted if they pay fees and are authorized in writing by a stock broker member to assist investors in securities trading.

1. Provisions Relating To Registration 0f
Stock Brokers & Sub- Brokers
Presented by
Name - Nitin P. Mangave
Roll No.-14MBA34

2. (STOCK BROKERS AND SUB-
BROKERS) RULES, 1992
Definitions.
 . In these rules, unless the context otherwise requires -
 (a) "Act" means the Securities and Exchange Board of
India Act, 1992 (15 of 1992);
 (b) "certificate" means a certificate of registration
issued by the Board;
 (c) "Rules" means the Securities and Exchange Board
of India (Stock Brokers and Sub-Brokers) Rules,
1992;

3.  (d) "stock exchange" means a stock exchange which is
for the time being recognized by the Central
Government under Section 4 of the Securities
Contracts (Regulation) Act, 1956 (42 of 1956);

4. Stock Broker:-
 Definition-
"stock broker" means a member of a stock exchange;

5. Conditions for grant of certificate to
stock-broker:-
 The Board may grant a certificate to a stock-broker
subject to the following conditions namely:
 a) he holds membership of any stock exchange.
 b) he shall abide by the rules, regulations and bye laws
of the stock exchange or stock exchange of which he is
a member.
 c) in case of any change in the status and constitution,
the stock broker shall obtain prior permission of the
board to continue to buy, sell or deal in securities in
any stock exchange.

6. d) He shall pay the amount of fees for registration in the
manner provided in the regulations.
e) He shall take adequate steps for redressal of grievances
of the investors within one month of the date of the
complaint and keep the Board informed about the
number, nature and other particulars of the
complaints received from such investors.

7. Registration for a Stock Broker
 1. Background:
 2. Current Procedures for Registration:
 3. Examination of the Proposal:
 4. Proposal:

8. Sub-Broker
 Definition:-
Sub-Broker means any person not being a
member of a stock exchange how acts on be half of a
Stock broker has an agent or otherwise for assisting the
investors in buying,
Selling or dealing in securities through such stock
broker.

9. Conditions for grant of certificate to
sub-broker:-
 The Board may grant a certificate to a sub-broker
subject to the following conditions, namely:
a) He shall pay the fees in the manner provided in the
regulations.
b) He shall take adequate steps for redressal of
grievances of the investors within one month of the
date of the receipt of complaint and keep the board
informed about the number, nature and other
particulars of the complaints recived.

10.  c) In case of any change in the status and constitution,
the sub-broker shall obtained prior permission of the
board to continiue to buy, sell or deal in securities in
any stock exchange.
 d) He is authorized in writing by a stock-br0ker being
member of a stock exchange for affiliating in buying or
dealing in securities.

11. Registration of sub-broker:-
 No sub-broker shall act as such unless he holds a
certificate granted by the Board under these
regulations.
 No fresh certificate needs to be obtained under sub-
regulation where a sub-broker merely changes his
affiliation from one stock broker to another stock
broker, being a member of the same stock exchange.
 Subject to the provisions of regulation 12A, no fresh
certificate need to be obtained under sub-regulation
where a registered sub-broker is affiliated to stock
broker who is eligible to trade on SME platform.

12. THANK
YOU !!