I. The applicant is not less than 21 years of age
II. The applicant has not been convicted of any offence involving fraud or dishonesty
III. Applicant must have approved commercial space of minimum 500 Sq. Ft. at an upcoming and well connected location.
IV. Should have a 12 passing certificate (minimum requirement by SEBI to be a registered sub-broker)
V. In addition to the 100,000 as a security deposit the applicant must have sufficient amount of working capital till the time the business starts generating sales. The Working Capital requirement will be around 3-5.5 L, as per the requirements of the Associates.
VI. Should have required infrastructure in the office to run the business (i.e. Two Computers, Online UPS min. 2KVA, Voice Recording System, Scanner & Printer and Broad band Internet connection)
VII. Have to do registration with SEBI as a sub broker / AP by paying appropriate fees as applicable.
The Business Associates will be required to Deposit the security amount which will be refunded to him/her in case he/she decides to wind up the business.
We have 6 segments for which the Business Partner has to deposit Rs 1,00,000/-. The segments are NSE, BSE, NSE F&O, MCX, NCDEX & NSECDs
In order to become Registered Associate Partner on the Exchange the Business Associates has to register himself/herself along with the payment of registration fees and Certifications:
|SEGMENT||REGISTRATION AMOUNT||Payment Mode||Certifications Required|
|NSE Cash||Rs. 2300/-||DD/ Cheque in Favour of Elite Wealth Advisors Ltd. Pvt Ltd|
|BSE Cash||Rs. 2300/-||DD/ Cheque in Favour of Elite Wealth Advisors Ltd. Pvt Ltd|
|Future & Options||Rs. 2300/-||DD/ Cheque in Favour of Elite Wealth Advisors Ltd. Pvt Ltd|
|NSE Currency||Rs. 2300/-||DD/ Cheque in Favour of Elite Wealth Advisors Ltd. Pvt Ltd|
|MCX||Rs. 1150/-||DD/ Cheque in Favour of Elite Comtrade Pvt Ltd|
|NCDEX||Rs. 1150/-||DD/ Cheque in Favour of Elite Comtrade Pvt Ltd|
|Distributor of Mutual Funds||NIL||NA|
|Distributor of Debt Sec.||NIL||NA|
- Pan card
- Aadhar Card
- Educational proof (minimum intermediate)
- Residential address proof
- Office address proof(electricity bill, phone bill-BSNL or MTNL, bank statement)
- Four photographs
- CA reference letter
- Name affidavit in case of any kind of mismatch in name on a Rs 10 stamp paper
Note: Above documents should be attested from Notary or CA