Eligibility of Sub Broker in Stock Market
21 years, 10+2 qualification and paid up capital Rs. 5 lakhs.
Not convicted involving fraud and dishonesty.
Not debarred by SEBI previously.
51% of shares as dominant promoters his/her and his/her spouse.
First application to stock exchange- Stock exchange send his application to SEBI- SEBI satisfied issued Certificate of Registration
Under which Broker he is going to work as Sub-Broker, particular broker recommendation letter submission is compulsory to SEBI.
Purchase note and sales note issued by the sub broker with 24 hours.
Maximum Brokerage commission 1.5%.
a) But real time sub-brokers collecting for delivery transactions around 0.50%
b) For Intraday transactions around 0.05%
c) For Option Market for each lot Rs.10 to Rs.50
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