BSE Limited is admitting Deposit Based Membership (Trading Memberships)
on its "Equity and Equity Derivatives Segment". BSE invites applications
from all over the country against a deposit of Rs. 10,00,000 (Rupees
Ten lakhs only).
To know more about the membership click here Membership
To apply for Trading Membership of the "Equity and Equity Derivatives
Segment" of BSE prospects may send their applications in writing
in a sealed envelop marked "Offer for Deposit Based Membership"
and addressed to the Chief General Manager, Member/Institutional
Sales Dept., BSE Limited, 15th Floor, P.J. Towers, Dalal Street,
Mumbai 400 001. The format of the application can be downloaded
link here: Specimen
The application form in the prescribed format, complete in all respects
should be accompanied by a Demand Draft/Pay Order for Rs. 1 lakhs
(Rupees one lakhs only) drawn in favor of "BSE Limited" towards
earnest money deposit on which no interest will be payable.
The applicants whose offer is accepted by BSE shall be required
to complete the documents at the earliest. The applicant has to
pay the balance amount after he receives the SEBI registration certificate
but before the commencement of business.
The complete application forms, for procuring SEBI registration
certificate in Equity and Derivative segments (for applicants who
are not member of any recognized Stock Exchange/Clearing Corporation)
can be downloaded from the alongside link Application
The complete application forms, for procuring membership at BSE
(for applicants who are members of any recognized Stock Exchange/Clearing
Corporation) can be downloaded from the alongside link Application
forms for Stock brokers & Clearing members of Recognised stock Exchanges
Once the documents are sent to SEBI, the member can simultaneously
start working on completing the commencement formalities. To download
the commencement manual you can go through the link here: Commencement
|Deposit for DBM Membership
|Base Minimum Capital
||Base Minimum Capital-(50% Cash/Cash equivalent (minimum Rs.1.25 lacs in cash is mandatory) and 50% non cash equivalent) as per SEBI, vide circular no. CIR/ MRD/ DRMNP/ 36/ 2012 dated December 19, 2012. The revised requirement of BMC to be maintained by Stock Broker and Trading Member, according to their profiles as given below, which is effective from April 1, 2013.
|a) Only Proprietary trading without Algorithmic trading (Algo)
|b) Trading only on behalf of Client (without proprietary trading and without Algo
|c) Proprietary trading and trading on behalf of Client without Algo
|d) All Trading Members/ Brokers with Algo