Kotak

Eligibility and Infrastructure Requirements for Sub Brokers

Eligibility

	2-3 years experience in the broking business, either as a sub/main broker, or as an employee of a main/sub broker.
	Basic qualification required is 10th standard or equivalent examination cleared from an institution recognized by the government.
	Your age at the time of application should be minimum 21 years.
	A good track record in financial services or any other business with a good client base.

Infrastructure Required

	Office space of approximately 300 – 500 sq feet, preferably in a prime location of your city/ town.
	Workstation (computer/Laptop) with ISDN/VSAT connectivity, required to set up a trading terminal and back office systems.
	A minimum cash deposit of Rs. 3 Lakhs.

To know further details for a being Sub-broker get in touch with us. Click here to fill in your details, our representative will get in touch with you.

Infrastructure

	Minimum one PC connected through internet / broadband with min speed of 128kbps
	Voice recording machine with minimum one port

Important

For a being a NetInvest - Online Sub broker you need to be registered with SEBI, NSE & BSE For more guidance on filling application for your enrollment as an associate, and all rules & regulations concerning Mutual Funds, IPO and Equity from regulatory and Kotak Securities' point of view, please speak to our representative in detail Click here and fill in your details to get in touch with our representative.

For more regulatory details, you can also visit below websites:

1.	SEBI	www.sebi.com
2.	NSE	www.nseindia.com
3.	BSE	www.bseindia.com
4.	Mutual Fund	www.amfiindia.com

Eligibility and Infrastructure Requirements for NetInvest - Ace

Eligibility

	Your age at the time of application should be minimum 21 years.
	Basic qualification required is HSC. In case you don't have basic qualification, you must be a matriculate with minimum 2 years of experience in capital market. Producing certificate would be mandatory.
	You need to be AMFI certified for selling Mutual Funds.
	For equity you also need to be NCFM certified, in dealer's module of Capital Markets & Derivatives.

Infrastructure Required

	A workstation (desktop/laptop) connected through internet / broadband.
	Voice recording machine with minimum one port.

To know further details for a being Sub-broker get in touch with us. Click here to fill in your details, our representative will get in touch with you.

Eligibility and Infrastructure Requirements for NetInvest - Direct

Eligibility

	Your age at the time of application should be minimum 18 years.
	Basic qualification required is HSC. In case you don't have basic qualification, you must be a matriculate with minimum 2 years of experience in capital market. Producing certificate would be mandatory.

Infrastructure Required

A workstation (desktop/laptop) connected through internet / broadband and a direct phone line / valid cell phone number.

To know further details for becoming a NetInvest Direct get in touch with us. Click here to fill in your details, our representative will get in touch with you shortly.

Checklist for NSE Application

Checklist for Sub-broker application
Sr.No	Documents	Points to be noted while filing the application
1.	Application form for Registration with SEBI – ‘Form B’	Application form to be completely filled in. Whichever clause is Not applicable, please put N.A. It should not be on letter head of sub-broker or Trading Member. (Signed by Authorised signatory along with Board Resolution)
2.	Recommendation letter to be given by the Trading Member – Form C	To be given by Trading Member on their letterhead. Complete SEBI registration No. of trading member is to be mentioned below the signature of the trading member.
3.	Copy of Agreement between trading member and sub-broker on stamp paper as per Cir. Ref. No. NSE/INSP/5387, Dt.27-AUG-2004	Agreement to be signed by broker as well as by Sub-broker & certified as true copy on all pages by Trading Member.
4.	Reference letter from the Applicant’s Banker ( Atleast 1 month reference required)	It should be on a letterhead of the bank, account number with account opening date issued for applicant sub-broker.
5.	Reference letter from any other Third Party (Such as CA/CS/ Lawyer/Notary or other Stock Broker	It should be on the letter head of CA/CS/LAWYER. Membership number of recommending CA/CS should be quoted.
6.	Declaration from Sub-Broker about Non-Conviction or presently not under trial for any offence (On the letterhead of the sub broker)#	The Sub-broker applicant is required to give a declaration that he has not been convicted in the past and presently is not under trial for any offence involving fraud and dishonesty. In case of a corporate / Partnership firm, all the Directors/ Partners have to give such declaration individually for themselves and jointly for the company/firm.
7.	Undertaking from Sub-Broker about Dealing directly with investors and not with any unregistered intermediary. (On the letterhead of the sub broker)#	The Sub-broker applicant is required to give an undertaking that he will directly deal with the investor and not with any unregistered intermediary. In case of a corporate / Partnership firm, all the Directors/ Partners have to give such undertaking individually for themselves and jointly for the company/firm.
8.	Confirmation from sub-broker that he has not applied through any other TM (On the letterhead of the sub broker)#	The Sub-broker applicant is required to give confirmation that he has not applied through any other Trading Member. In case of a corporate / Partnership firm, all the Directors/ Partners have to give such undertaking individually for themselves and jointly for the company/firm
9.	Annexure J or K – Letter from Trading Member to NSE giving Undertaking about dealing in fake and forged shares by the sub-broker	As per circular no 69 dated July 23, 1997 ref no NSE/MEMB/0311. To be given by Trading member on their letterhead.
10.	Annexure I – Letter from trading member undertaking to settle the obligations of the sub-broker	As per circular no 63 dated June 25, 1997 ref no NSE/MEMB/0282. To be given by Trading member on their letterhead.
11.	Annexure O – Certificate from sub broker relating to shareholding pattern #	As per circular no 513 dated February 9, 2006 ref no NSE/MEM/7157. This needs to be submitted by all sub-broker applicants including individuals on the letterhead.
12.	Annexure 3– Undertaking for “Fit & Proper Person” in the name of entity & its partners/Directors	As per circular no 534 dated August 09, 2006 ref no NSE/MEM/7743. To be given by Trading member on their letterhead.
13.	Proof of address of sub broker Telephone Bill, Electricity bill, MOA, Bank pass book, Rent agreement.
14.	Annexure L – For Firms/Corporates – Sharing Pattern $	As per circular no 168 dated May 19, 2000 ref no NSE/MEM/1708. It should be certified by C A & signed by all partners/directors.
15.	Registered Partnership Deed/ MOA & AOA Along with the Certificate of Incorporation $	Memorandum of Association of corporate should consist the object clause that corporate can act as a sub-broker.
16.	List of directors of sub broker as on specific date to be certified by CA/CS.$	In case of any changes in directors from date of incorporation such list needs to be provided.
.	Eligibility Criteria
17.	Qualifications proof –Minimum H.S.C.	In case of proprietor /partner/director copy of H.S.C. passed mark sheet. For applicants having qualification less than H.S.C., proof of the educational qualification & experience certificate in Capital Market as an employee/dealer for more than 2 years.
18.	Proof of age (To be above 21 years of age for all the partners/ directors)	In case of proprietor/partner/director, copy of PAN Card/Driving Licence/School leaving certificate/SSC Certificate certified by Trading Member is required.
19.	Proof of name change	If applicable (Certified Copy of Marriage Certificate/ Affidavit)
20.	Applicant/ Any Shareholder/ Partner/ or Director holding more than 10% is - Not a Trading Member of the Exchange - Not a registered Sub-broker of any other Trading Member - Not having a cross holding of 10% or more with any other Trading Member/Sub-Broker/Authorised Person - Not a shareholder/ Partner of a registered Sub-broker - Not a director/partner/proprietor of any other trading member
21.	Sub-Broker/ Any Shareholder/ Partner/ Director is: -Not a defaulter in any other Stock Exchange. - Not appearing in SEBI debarred Directors/ Vanishing Companies List
22.	Trading Member is not disabled or suspended or any disciplinary action has been taken
23.	Not appearing in CIS and Non CIS list
24.	Not appearing in CIBIL database