Membership - Acquire membership

 

Acquire a Membership

 

 Transactions pertaining to the Capital market can be carried out only through a broker or a sub-broker registered with SEBI. A Broker is a member of a recognized Stock Exchange permitted to trade on the Screen Based Trading System of different Exchanges. He has to be enrolled as a member with a concerned Exchange and with registered with SEBI. A Member has to be qualified for membership of a recognized Stock Exchange  as per the provisions of Section 8 of the Securities Contracts Regulation Act. In addition eligibility as per the stipulations in the SEBI (Criteria for fit and proper persons) Regulation 2004 is also a pre-requisite.

 Trading Membership Selection Committee has been constituted by the Governing Board and entrusted with the specific responsibility  of screening applications for admission to trading membership of the Exchange. Persons admitted as trading Members of Exchange are required to maintain the Base Minimum Capital as may specified by SEBI from time to time irrespective of whether they choose to exercise their right to trade or not. At present the Base Minimum Capital required to be maintained is Rs. 2 lakhs. In addition, annual subscription and contribution to the Investor Protection Fund has to be paid by  Members. Individuals Rs. 2,520/- and Corporates Rs. 6,120/- One time admission fee as may be prescribed by the Governing Board will also have to be remitted.  

Request for membership may be forwarded to the following address. Our officials will contact you   and provide you necessary assistance.

The Executive Director, Cochin Stock Exchange Ltd., 36/1565, 4th Floor, MES Building, Kaloor, Cochin 682 017. or  Mail us at cse1@vsnl.com.

 The check list for Broker registration:

 Individual

Sl.No.

Documents

1.

SEBI Registration Fees  - Rs. 5000/-

2.

Filled Application form

3.

Age Proof 

4.

Qualification Certificate 

5.

Experience Certificate 

6.

Form A

7.

Bio-data 

8.

Bankers Certificate

9.

Undertaking 

 Corporate

Sl.No.

 Documents

1.

SEBI Registration Fees  - Rs. 5,000/-

2.

Filled Application form

3.

Age Proof of all Directors

4.

Qualification Certificate of all Directors

5.

Experience Certificate of all Directors

6.

Form A

7.

3 Copies of Memorandum of Articles attested by Chartered Accountant

8.

Certified copy of the resolution appointing board of directors to deal for membership in CSE

9.

Bio-data of Directors

10.

List of Shareholders (Certified by C.A.)

11.

List of Directors (Certified by C.A.)

12.

Proof of financial position net worth not below Rs.5 lakhs certified by C.A.

13.

Balance Sheet as on latest date

14.

Statement of paid-up capital (minimum Rs.10,00,000/-) (Certified by C.A.)

15.

Share holding pattern (Certified by C.A.)

16

Schedule of assets including break up of loans and advances if any certified by C.A.

17.

Short History of the company ( to be signed by all directors)

18.

Prospectus/Statement in lieu of prospectus.

19.

Bankers Certificate (In company name and directors name)

20.

Form No. 32 submitted to R.O.C.

21.

Undertaking 

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Cochin Stock Exchange, Kochi, India