DFFS PPT

The presentation on DOCUMENTATION OF BROKING FIRM

presented To:-

Prof. Mittal Dattani

presented By:-

Rahul Neve (09) Hardik Patel (13)

Jalpa Patel (15) Ankit Sharma (28) Darshan Soni (30)

Introduction to Indian Capital Market

The debt market, however, is almost nonexistent in India even though there has been a large volume of Government bonds traded. Banks and financial institutions have been holding a substantial part of these bonds as statutory liquidity requirement. A primary auction market for Government securities has been created and a primary dealer system was introduced in 1995. There are six authorized primary dealers. Currently, there are 31 mutual funds, out of which 21 are in the private sector. Mutual funds were opened to the private sector in 1992.

Types Of Capital Market

Primary Market

Secondary Market

Broking Firm Profiles

(1) Kotak Securities

(2) India Infoline Ltd.

(3) Religare Securities

(4) Share Khan Ltd.

(5) Angel Broking

(6) Karvy Stock Broking

(7) HDFC Securities

(8) Motilal Oswal Securities

(9) Shah Investors Ltd.

(10) Marwadi Group

(11) Bonanza Portfolio Ltd.

(12) Monarch

(13) Anand Rathi

(14) Anagram Capital Markets

(15) ICICI Securities

(16) Reliance Securities

(17) Aditya Birla Group

(18) SMC Group

(19) JM Financial

(20) Ravin Ratilal Share

(21) Nirmal Bang

REASONS FOR NCDEX

NCDEX is one of the traditional media which gives online information

NCDEX is one of the Indian commodity exchange, constructed on the basis of the current national institutes the exchange has been established with the coloration of leading institutes like NABARD, LIC, NSI etc….

In India NCDEX has maximum settlement guarantee fund. NCDEX has appointed two exports for checking quality at the

time of delivery

MCX MULTI COMMODITY EXCHANGE of India limited is a

new order exchange with a mandate for setting up a nationwide, online multi-commodity marketplace, offering unlimited growth opportunities to commodities market participants. As a true neutral market, MCX has taken several initiatives for users In a new generation commodities futures market in the process, become the country’s premier exchange.

Know Your Customer

One aspect of KYC checking is to verify that the customer is not on any list of known fraudsters, terrorists or money launderers, such as the Office of Foreign Assets Control's Specially Designated Nationals list. This list contains thousands of entries and is updated at least monthly. As well as sanctions lists there are lists of third party vendors that track links between persons regarded as high-risk owing to negative reports in the media about them or in public records.

What Is Equity ?

Equity shares are the part of share capital. Particularly, equity shares r dose share which r traded in ad stock markets. Dose shares carry voting rights. company gave u dividend as u have invested our money in their company. but it is not necessary that each year u ill get dividend.

What is Demat Account? If you wish to have securities in demat mode, you need

to indicate the name of the depository and also of the depository participant with whom you have depository account in your application. 

Features of the Demat Account

Introducer Details Trading Account Personal Details of Applicants Employment Details Income Details Investment/Trading Experience Introducer Person Details Bank Account Details Beneficiary or Depository Details Beneficiary or Depository Details Applicable Brokerage Scheme Nomination and other Holder Details

What is Commodity ?

Generally speaking, any tangible good can be categorized as a commodity. A commodity is typically a bulk good such as gold, silver, natural gas, and oil. A commodity may also be a bulk food product like grain, oats, corn, beef, pork bellies, and coffee. Traditionally, a commodity was merely a good, subject to sale or barter. Today however, a commodity can also represent an investment vehicle.

Account Opening Forms of Companies With Documentation

(1) Angel Broking(2) Motilal OswalDocuments Required in Motilal Oswal & Angel Broking The following documents are to be submitted by the Corporate Applicants: Certified true copy of Board Resolution for person authorized to act as authorized

signatory(ies) Memorandum and Articles of Association of the Company. One passport Size photograph of each authorized signatory. In addition to 7 above, the following documents are to be submitted by CMs, FIIs,

NRIs, and OCBs. Copy of certificate of registration with SEBI (where applicable) Copy of RBI Apprival for FIIs, NRIs, and OCBs. BOs desiring to have their cash corporate benefits like dividend interest etc. On a

Repatriable Basis, must fprward a certified true copy of the RBI approval to each of the RTAs /Issuers whereThe Bo is holding the securities clearly mentioning their BO ID and DP

ID

ICICI SecuritiesProof of Identity1. Passport2. Voter ID Card3. Driving license4. PAN card with photograph (Mandatory)5. MAPIN card6. Credit cards/Debit cards issued by Banks with

applicant’s photo7. Employee Identity card with applicant's Photo,

issued by- Central/State Government and its

Departments Statutory/ Regulatory Authorities Professional Bodies such as ICAI, ICWAI,

ICSI & Bar Council Scheduled Commercial Banks Public Financial Institutions Public Sector Undertakings8. Identity card/ document with applicant’s photo,

issued by- Scheduled Commercial Banks Professional Bodies such as ICAI, ICWAI,

ICSI and Bar Council.

Proof of Address

1. Ration Card2. Passport3. Voter ID card4. Driving License5. Bank Statement / Pass book with

multiple pages having latest entry details.

6. Bank Letter7. Verified copy of Electricity bills (not

more than two months old) Residence Telephone bills (not more

than two months old) Leave and License agreement/ Agreement for sale.

8. Self-declaration by High Court & Supreme Court judges, giving the new address in respect of their own accounts

9. Document with address, issued byCentral/State Government and its Departments

Statutory/ Regulatory Authorities Public Sector Undertakings

Scheduled Commercial Banks Public Financial InstitutionsProfessional Bodies such as ICAI, ICWAI, ICSI & Bar Council

Religare SecuritiesFOR INDIVIDUALCLIENTS: 1. Photograph of account holder (s). 2. PAN Card Copy 3. Address Proof 4. Bank Proof containing name of the

constituent 5. All documents should be self –

attested & duly verified by Religare Official with In Person stamp

6. Client master data printout from LD or AXIS in case of existing equity client.

For HUF CLIENTS: 1. Photograph of KARTA. 2. Pan Card copy of HUF 3. Address Proof of HUF 4. Pan card copy/ID proof of KARTA 5. Bank Proof containing name of the

constituent (HUF) 6. HUF stamp required on all signatures 7. Declaration required on letter head of

HUF as per format FOR TRADING IN CURRENCY DERIVATIVE

8. All documents should be self – attested & duly verified by Religare Official with In Person stamp

9. Client master data printout from LD or Axis in case of existing equity client.

FOR PROPRIETORSHIP FIRM CLIENTS: 1. Photograph of Proprietor 2. Pan card copy of Proprietor 3. Address proof of proprietorship Firm 4. Bank Proof containing name of the

constituent(FIRM) 5. Firm stamp required on all signatures 6. Declaration required on letter head of firm as

per format FOR TRADING IN CURRENCY DERIVATIVE

7. All documents should be self – attested & duly verified by Religare Official with In Person stamp

8. Client master data printout from LD or Axis in case of existing equity client.

Continue…….

FOR PARTNERSHIP FIRM CLIENTS: 1. Photograph of Partners 2. Valid ID/ADDRESS Proof of Partners 3. Pan card copy of Firm 4. Valid address proof of Firm 5. Partnership Deed duly certified true copy 6. Balance sheet of last two Financial year 7. Bank Proof containing name of the

constituent (FIRM only) 8. Declaration FOR TRADING IN CURRENCY

DERIVATIVE as per format 9. Firm stamp required on all signatures. 10. All documents should be self – attested &

duly verified by Religare Official with In Person stamp 11. Client master data printout from LD or

Axis in case of existing equity client.

FOR CORPORATE CLIENTS: 1. Photograph of Authorised Signatory 2. ID/ADDRESS Proof of Authorised

Signatory 3. Pan card copy of company 4. Valid address proof of company 5. Photograph/ID/ADDRESS proof of whole

Time Director & photograph of those Promoters/ individual who have 5% or more than 5% shares of company

6. Memorandum and Articles of Association duly certified

7. Board Resolution for Currency Derivative as per format.

8. Certified true copy of Balance sheet last two years

9. List of Directors 10. Bank Proof containing name of the

constituent. 11. Company stamp required on all

signatures. 12. Shareholding pattern on company letter

head 13. All documents should be self – attested

& duly verified by religare Official with In Person stamp

14. Client master data printout from LD or Axis in case of existing equity client 3 Monarch

Continue……Individual Account: Recent Passport size colour

photograph(s) of Applicant(s) Copy of PAN Card of Applicant(s)

(Self Attested) Copy of Permanent Address &

Correspondence Address proof(s) in the name of Applicant(s)

Driving License / Passport / Ration Card / Voter ID card / Bank Passbook or Bank statement (not more than three months old) / Telephone Bill – Landline (not more than 2 months old) / Electricity Bill (not more than 2 months old)

Copy of Cancelled Cheque of Applicant (If name not printed on cheque then Bank Passbook/Bank Statement must be required)

Colour Photograph of Nominee with nominee address and sign on space provide (Holder signature must require on nominee declaration if nominee not assign)

Proof for Financial Detail. (please refer a filling instruction of a/c opening )

Minor Account: (Only Depository Account)

Recent Passport Size colour

photograph of Minor & Guardian Copy of PAN Card of Minor (Attested

by Guardian) \ Notarized True Copy of Date of Birth

Certificate Copy of Address proof of Minor

(Bank Passbook or Bank statement not more than three months old. Minor‟s Bank A/c under Guardianship)

Copy of Identity proof of Guardian (Self attested)

Copy of Address proof of Guardian Copy of Cancelled Cheque

(Cancelled Cheque of Minor's Bank A/c under Guardianship)

Affix rubber stamp at appropriate place.

Continue…….

HUF Account: (As per NSDL HUF (Depository) A/c is opened in the name of ''KARTA'' only)

Recent passport size colour photograph of the KARTA

Copy of PAN Card of HUF (Attested by Karta)

Copy of Cancelled Cheque of HUF (If name not printed on cheque then Bank Passbook/Bank Statement must be required)

Copy of Identity Proof of KARTA (Self attested)

Copy of Address Proof of KARTA Declaration of HUF should be

filled, signed and stamped (Annexure - (NSE&DP) 1 & (BSE) 2)

Proof for Financial Detail ((please refer a filling instruction of a/c opening )

NRI Account: Recent Passport size colour

photograph(s) of Applicant(s) Copy of Indian PAN Card duly self

attested Copy of valid Passport of

Applicant Copy of Indian & Foreign Address

proof of Applicant Copy of RBI/Authorized Banker‟s

Approval (PIS Letter) Copy of Cancelled Cheque of NRI

(If name not printed on cheque then Bank Passbook/Bank Statement must be required)

Undertaking to comply with FEMA regulations (Annexure - (DP) 5)

Proof for Financial Detail (please refer a filling instruction of a/c opening )

Shah Investor Ltd., Anand Rathi, Kotak SecuritiesREQUIREMENT OF PROOF OF DEMAT ACCOUNT(1) Pan card mandatory for all account holder(2) Proof of identity- DP (all holders) Pan card Passport Driving license Water id Ration card Identity card/ document with applicant photograph issued by

(1) Central/state government (2) schedule commercial bank (3) statutory and regulatory authority (4) public sector undertaking (5) public financial institution (6) college affiliated to university (only for student ) (7) credit card / debit card issued by banks (8) professional bodies ICAI / ICWAI bar council etc to their

members

Continue……(3) Proof of address (Dp) Valid passport Valid driving license Voter id Valid ration card Bank pass book / bank statement(with seal and authorized name and

signature)/ original cancel cheque leaf with name and sign of client Land line phone bill- not older than 2 months Rental agreement ( dualy notarisat in original) Agreement for sale ( dualy notarisat in original) Sale declaration by high court and supreme court judge giving the new

address in respect on their one account Identity card/document with address issued by Central/state government Schedule commercial bank Statutory and regulatory authority Public sector undertaking Public financial institution College affiliated to university (only for student ) Credit card / debit card issued by banks Professional bodies ICAI / ICWAI bar council etc to their members

AccountOpeningForm_2812100513.PDF

..\CI-KYC-ind_0301111135.pdf

C:\sem 4\CAF_Resident_Individual HSBC.pdf

C:\sem 4\AOF_Non_Corporate.pdf

C:\sem 4\demat_ac_op form.pdf

C:\sem 4\FINAL KYC FORM - B2C (Non- Individual) (1).pdf

C:\sem 4\nri_kyc_demat_form (1).pdf

Comparative analysis

The Demat Account opening form for Equity includes all the common features which a Know Your Customer Norms Have likes all the details were same in all forms like

Personal Details of Individual, Corporate, and Non Resident Customers are common in all forms of Account opening of Demat Account.

Address of Communication, Employment Details, Income Details, Investment and Trading Experiences in Share Market is Included, Introducer Details, Beneficiary Details and other Branch Depository Details were Include and Common in all Equity Accounts.

The Forms of Aditya Birla Money, Angel Broking, ICICI Securities, Bonanza Portfolio Ltd is completely same. All the Things in Aditya Birla Money is exact the same available in all the companies forms.

The Aditya Birla Money is having its extensive form includes the depositories of NSDL AND CDSL, while many forms of Broking Companies have their separate forms for NSDL and CDSL like Standard Chartered Capital have its different forms for NSDL and CDSL.

While Standing Instruction are separately given in the form of Standard Chartered Capitals which is specially focused on National Security Depository ltd, Comparing to forms of Aditya Birla Money and Standard chartered Capital we can say that Standing Instructions are given in Standard Chartered

Continue………….

While comparing forms , the Guardian Details the details is been focusing much in NSDL With Standard Chartered and Khandwala Securities, and with HSBC

Financial Details are also much focused in Standard Chartered Securities and JM Financial which is specially focused on bifurcations on NSDL And regular forms of BSE and NSE.

Educational Qualifications and Literacy Level is been given more importance in the forms of Khandwala Securities and India Info line

More preference is been given to Investment and Trading Experience in the forms of Standard Chartered, Investment or Securities, Angel Broking, Nirmal Bang

Action Taken Specially Focused Column is there in India Infoline forms.

Previous Broker Details were specially focused on the forms of India Infoline and Khandwala Securities.

THANK YOU