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Questions and Answers
What does SEBI check when considering an entity for the grant of registration as a stock broker?
What does SEBI check when considering an entity for the grant of registration as a stock broker?
- Past experience in agriculture
- Having a high turnover rate
- Eligibility to be admitted as a member of a stock exchange (correct)
- Good credit score
Which of the following is a necessary infrastructure requirement for an entity applying for registration as a stock broker?
Which of the following is a necessary infrastructure requirement for an entity applying for registration as a stock broker?
- Large advertising budget
- Adequate office space, equipment, and manpower (correct)
- Luxurious employee lounges
- Extensive legal team
What kind of experience does SEBI look for in an entity applying for registration as a stock broker?
What kind of experience does SEBI look for in an entity applying for registration as a stock broker?
- Experience in the hospitality industry
- Experience in the business of buying, selling or dealing in securities (correct)
- Experience in the automotive industry
- Experience in the manufacturing sector
In relation to disciplinary proceedings, who can be involved that may impact an entity's application as a stock broker?
In relation to disciplinary proceedings, who can be involved that may impact an entity's application as a stock broker?
What are the entry/exit barriers to membership of NSE according to the text?
What are the entry/exit barriers to membership of NSE according to the text?
How can one become a member of NSE?
How can one become a member of NSE?
What conditions must a sub-broker fulfill to receive a certificate from SEBI?
What conditions must a sub-broker fulfill to receive a certificate from SEBI?
What action should a sub-broker take upon receiving an investor complaint according to SEBI regulations?
What action should a sub-broker take upon receiving an investor complaint according to SEBI regulations?
What is the consequence if a sub-broker fails to obtain prior permission from SEBI for a change in status or constitution?
What is the consequence if a sub-broker fails to obtain prior permission from SEBI for a change in status or constitution?
When can a sub-broker start trading in their capacity after applying for registration with SEBI?
When can a sub-broker start trading in their capacity after applying for registration with SEBI?
What may prevent a stock exchange from forwarding a sub-broker's application to SEBI for registration?
What may prevent a stock exchange from forwarding a sub-broker's application to SEBI for registration?
If a sub-broker wants to cancel their registration, what documents are they required to submit according to SEBI regulations?
If a sub-broker wants to cancel their registration, what documents are they required to submit according to SEBI regulations?
What is the purpose of the Issue of Capital and Disclosure Requirements (ICDR) Regulations 2009?
What is the purpose of the Issue of Capital and Disclosure Requirements (ICDR) Regulations 2009?
What is a key requirement for a stockbroker as per SEBI regulations?
What is a key requirement for a stockbroker as per SEBI regulations?
What is one condition that SEBI imposes on stockbrokers for granting them a certificate?
What is one condition that SEBI imposes on stockbrokers for granting them a certificate?
Why is it necessary for a stockbroker to obtain permission from SEBI in case of any change in status or constitution?
Why is it necessary for a stockbroker to obtain permission from SEBI in case of any change in status or constitution?
What role does SEBI expect stockbrokers to play regarding investor complaints?
What role does SEBI expect stockbrokers to play regarding investor complaints?
In what year did SEBI issue the Stock Brokers and Sub-Brokers Regulations?
In what year did SEBI issue the Stock Brokers and Sub-Brokers Regulations?
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