The Hindu Business Line : Registering yourself as broker's client

This form is an agreement entered between client and broker in the presence of witness where the client agrees (is desirous) to trade/invest in the securities listed on the concerned Exchange through the broker after being satisfied of brokers capabilities to deal in securities.

The member, on the other hand, agrees to be satisfied by the genuineness and financial soundness of the client and making client aware of his (broker's) liability for the business to be conducted.

What kind of details do I have to provide in Client Registration form?

The brokers have to maintain a database of their clients, for which you have to fill client registration form. In case of individual client registration, you have to broadly provide following information:

Your name, date of birth, photograph, address, educational qualifications, occupation, residential status (Resident Indian/ NRI/others)

Unique Identification Number (wherever applicable)

Bank and depository account details

Income tax no (PAN/GIR) which also serves as unique client code.

If you are registered with any other broker, then the name of broker and concerned Stock exchange and Client Code Number.

Proof of identity submitted either as MAPIN UID Card/Pan No./Passport/Voter ID/Driving license/Photo Identity card issued by Employer registered under MAPIN

For proof of address (any one of the following): Passport, Voter ID, Driving license, Bank Passbook, Rent Agreement, Ration Card, Flat Maintenance Bill, Telephone Bill, Electricity Bill, Certificate issued by employer registered under MAPIN, Insurance Policy.

Each client has to use one registration form. In case of joint names /family members, a separate form has to be submitted for each person.

In case of Corporate Client, following information has to be provided:

Name, address of the Company/Firm

Unique Identification Number (wherever applicable)

Date of incorporation and date of commencement of business.

Registration number (with ROC, SEBI or any government authority)

Details of PAN.

Details of Promoters/Partners/Key managerial Personnel of the Company/Firm in specified format.

Bank and Depository Account Details

Copies of the balance sheet for the last 2 financial years (copies of annual balance sheet to be submitted every year)

Copy of latest share holding pattern including list of all those holding more than 5 per cent in the share capital of the company, duly certified by the Company Secretary / Whole time Director/MD. (Copy of updated shareholding pattern to be submitted every year)

Copies of the Memorandum and Articles of Association in case of a company / body incorporate / partnership deed in case of a partnership firm

Copy of the Resolution of board of directors' approving participation in equity / derivatives / debt trading and naming authorized persons for dealing in securities.

Photographs of Partners / Whole time directors, individual promoters holding 5 per cent or more, either directly or indirectly, in the shareholding of the company and of persons authorized to deal in securities.

If registered with any other broker, then the name of broker and concerned Stock exchange and Client Code Number.

Source: www.sebi.gov.in

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