MPSEL

8/6/2019 MPSEL

1/20

8/6/2019 MPSEL

2/20

Sr. No. Particulars Page No.

1. About Us 1

2. Eligibility Criteria 2

3. Other Terms & Conditions 5

4. Selection & Admission Process 7

5. SEBI Registration Process 8

6. Payments / Deposits 8

a Earnest Money 8

b Admission fees 8

c Base Minimum Capital (BMC) 8

d Settlement Guarantee Fund (SGF) 9

e Annual Fees 9

f SEBI Registration Fees 9

7. Investment Cost 9

8. Prescribed Application Formats &Checklist

8/6/2019 MPSEL

3/20

1. ABOUT US

Madhya Pradesh Stock Exchange Limited (MPSEL) incorporated in 1919 as an

association of persons and is in the 90th year of its operation. MPSEL is one of the 8

permanently recognized Stock Exchanges in the country. MPSEL under Corporatization

and Demutualization Scheme 2005 was converted into a limited company and was

Demutualized, with strategic shareholders taking up 51% stake. MPSEL has 185 Trading

Members and 315 listed companies. MPSEL is in process of reviving its Trading Platform

for its Trading Members and Listed Companies in association with other regional stock

exchanges.

MPSEL follows and adheres to all the Corporate Governance Standards as specified by

SEBI / RBI and other regulatory authorities from time to time and is committed to ensure

establishment of a free and fair Corporate Governance mechanism. Governing Board of

MPSEL consists of professional and experienced persons from diversified sectors of

economy.

Madhya Pradesh Stock Exchange Limited in its endeavor to fulfill the obligations and

responsibilities towards creating investors awareness, financial literacy amongst the

investors, general public, self employed professionals has promoted MPSE Institute of

Knowledge Management (MIKM), an Institute for imparting training on various aspects ofthe capital market.

MPSEL has a wholly-owned subsidiary, MPSE Securities Limited (MPSESL), which has

taken up corporate membership of the National Stock Exchange of India Ltd. (NSE) in both

the Capital Market and Futures & Options segments and The Stock Exchange, Mumbai

(BSE) in the Equity segment.

MPSESL is one of the biggest broking house in Madhya Pradesh facilitating NSE, BSE &

CDSL operations. MPSESL has planned a pan India presence and has started regional

offices in five cities outside Madhya Pradesh. MPSESL provides members of the

exchange with the best technology and platform comparable with any leading brokerage

house in the country. MPSESL has more than 92 terminals located in more than 20 cities.

1

8/6/2019 MPSEL

4/20

Age Minimum 21 years.

Status Citizen of India

Education Graduate

Networth 4,00,000/- (Rs. Four Lacs Only)

Experience Should have a minimum of 2 years experience in an activity related todealing in securities or as portfolio manager or as investment consultantor as a merchant banker or in financial services or treasury, broker, sub

broker, authorized agent or authorized clerk or authorized representativeor remisier or apprentice to a member of Recognized Stock exchange,dealer, jobber, market maker or in any other manner in dealing in securitiesor clearing and settlement thereof.

The above requirements stand waived for Chartered Accountants,Company Secretaries, ICWA, CFA, MBA and Members of other StockExchange(s)

2. ELIGIBILITY CRITERIA

The following are eligible to become Trading Member of MPSE as per Bye-laws of theExchange subject to regulatory norms and provisions of SEBI:-

1. Individuals

2. Corporates (Corporations, Bodies Corporate, Companies or Institutions set up forproviding financial services).

INDIVIDUAL

An Individual shall be eligible to be admitted as a Trading Member of the Exchangeprovided:

i. He/she undertakes to comply with such other financial requirements and normsas may be specified by the Securities and Exchange Board of India for theregistration of such entity under sub-section (1) of section 12 of the Securities and

Exchange Board of India Act, 1992 (16 of 1992);

ii. He/she is not disqualified for being Members of any of the recognised StockExchange under clause (1) of rule 8 [except sub-clauses (b) and (f) thereof] orclause (3) of rule 8 [except sub-clauses (a) and (f) thereof] of the SecuritiesContracts (Regulation) Rules,1957; and

iii. He/she had not held the office(s) with/in any firm/company which is/had been aMember of any of the recognised Stock Exchange and had been declareddefaulter or expelled by that Stock Exchange.

2

8/6/2019 MPSEL

5/20

Age of Designated Minimum 21 yearsDirectors

Status Company registered under the Indian Companies Act, 1956.

Minimum Paid Capital Rs. 10,00,000/- (Rs. Ten Lacs Only)

Networth Rs. 10,00,000/- (Rs. Ten Lacs Only)

Designated Directors At least Two directors should be Designated Directors whowould be managing the day to day trading operations.

Education Each of the Designated Director should be at least a Graduateor equivalent qualification.

Experience of Should have a minimum of 2 years experience in an activityDesignated related to dealing in securities or as portfolio manager or asDirectors investment consultant or as a merchant banker or in financial

services or treasury, broker, sub broker, authorized agent orauthorized clerk or authorized representative or remisier orapprentice to a member of Recognized Stock exchange, dealer, jobber, market maker or in any other manner in dealing insecurities or clearing and settlement thereof.

The above requirements stand waived for Chartered Accountants, Company Secretaries, ICWA, CFA, MBA andMembers of other Stock Exchange(s).

Dominant Promoter Dominant promoter group should be identified as per norms ofGroup the Exchange and/or SEBI, the regulatory body.

CORPORATE

A Company, as defined in the Companies Act, 1956, shall be eligible to be admitted as aTrading Member of the Exchange provided:

i. it undertakes to comply with such other financial requirements and norms as maybe specified by the Securities and Exchange Board of India for the registration ofsuch company under sub- section (1) of section 12 of the Securities andExchange Board of India Act, 1992;

ii. the directors of such company are not disqualified for being members of a stockexchange under clause (1) of rule 8 [except sub-clauses (b) and (f) thereof] orclause (3) of rule 8 [except sub-clauses (a) and (f) thereof] of the SecuritiesContracts (Regulation) Rules, 1957; and

iii. the directors of the company had not held the offices of the directors in anycompany which is/ had been a member of any of the recognised Stock Exchange

and had been declared defaulter or expelled by that Stock Exchange.

3

8/6/2019 MPSEL

6/20

WHO CANNOT BECOME A MEMBER?

Further to the capital and networth requirements, no entity shall be admitted as a member if

INDIVIDUAL

a) He/she has been adjudged bankrupt or a receiving order in bankruptcy has been madeagainst him/her or he/she has been proved to be insolvent even though he/she hasobtained his/her final discharge;

b) He/she has compounded with his/her creditors for less than full discharge of debts;

c) He/she has been convicted of an offence involving fraud or dishonesty;

d) He/she is engaged as principal or employee in any business other than that ofsecurities except as a broker or agent not involving any personal financial liability or forproviding merchant banking, underwriting or corporate or investment advisory

services, unless he/she undertakes to severe his/her connection with such business onadmission;

e) He/she has been at any time expelled or declared a defaulter by any other stockexchange;

f) He/she has for the time being been debarred from trading in securities by RegulatoryAuthorities like SEBI, RBI, etc. However, decision of the Governing Board in this regardwill be final;

g) He/she has been previously refused admission to trading membership unless a periodof one year has elapsed since the date of such refusal/rejection;

h) No Disciplinary action / conviction is pending in any Exchange against the applicant;

i) He/she incurs such disqualification under the provisions of the Securities Contract(Regulations) Act, 1956 or Rules made thereunder so as to disentitle such persons fromseeking membership of a stock exchange;

Provided further that the eligibility conditions and/or disabilities and/or liabilities in relation toIndividual trading members would apply to the corporate representative(s) of the Individualtrading members as nominated/appointed to act, engage and deal on the Exchange onbehalf of the Individual trading members.

CORPORATES

a) It has compounded with its creditors for less than full discharge of debts;

b) It is engaged in any business otherthan that of securities except as a broker or agent notinvolving any financial liability or for providing merchant banking, underwriting orcorporate or investment advisory services, unless it undertakes through its authorizedrepresentative to severe its connection with such business on admission;

4

8/6/2019 MPSEL

7/20

c) It has been at any time expelled or declared a defaulter by any other stock exchange;

d) It has for the time being been debarred from trading in securities by any RegulatoryAuthorities like SEBI, RBI, etc. however, the decision of the Governing Board in thisregard will be final;

e) It has been previously refused admission to trading membership unless a period of oneyear has elapsed since the date of such refusal/rejection;

f) No Disciplinary action / conviction is pending in any Exchange;

g) It incurs such disqualification under the provisions of the Securities Contract(Regulations) Act, 1956 or Rules made there-under so as to disentitle from seekingmembership of a stock exchange;

h) The applicant fails to furnish its Memorandum and Articles of Association and/orconstitution and/or Rules & Regulations and Bye-laws, if any, along with Board

Resolution(s) electing to be a Corporate Trading Member and appointing namedDirector(s) / corporate representative(s) to act, engage and deal on behalf of such TMon the Exchange, andalso to furnish the specimen signature of such Director(s) /corporate representative(s).

i) It has committed an act of insolvency, or an act for which such Body Corporate is liableto be wound up under the provisions of law nor has a Provisional Liquidator or Receiveror Official Liquidator been appointed against such Body Corporate. If the afore-mentioned events happen, the Governing Board of MPSE shall suspend the right ofthe corporate TM to trade on the Exchange either directly or indirectly or through thenamed corporate representative(s)/ Director(s).

j) The eligibility conditions and/or disabilities and/or liabilities in relation to CorporateTrading Members would also apply to the Director(s)/corporate representative(s) ofthe Body Corporate as nominated/appointed to act, engage and deal on the Exchangeon behalf of the Corporate Trading Member.

k) Directors/Designated directors/ Compliance Officer of the applicant company havedisqualification(s) as mentioned above for Individuals.

3. Other Terms and Conditions

The applicant must note and adhere to the following terms and conditions:

1. The Trading Member has only Trading Right and there will be no shareholders/ownership right of MPSEL.

2. The TM is non-transferrable and can only be surrendered to MPSEL.

3. The applications should be in the prescribed formats and complete in all respects.

5

8/6/2019 MPSEL

8/20

4. On admission of membership of the Exchange the applicant will have to severeconnection with business, if any, other than that of securities.

5. The Information Charter-cum-Application Form as well as the other material (including

the Terms and Conditions and salient features of the Trading Membership) can beobtained from the Membership Department of the Exchange or through post bysending a self addressed stamped envelope to Membership Services Department,Madhya Pradesh Stock Exchange Limited, 201, Palika Plaza, Phase II, MTHCompound, Indore 452 001.

6. The application form in the prescribed format, complete in all respects should beaccompanied by a Demand Draft/Pay Order/Cheque for Rs. 1,00,000/- (Rupees OneLakh only) drawn in favor of Madhya Pradesh Stock Exchange Limited payable atIndore towards earnest money deposit on which no interest will be payable by MPSEL,shall be submitted and it cannot be withdrawn by the Applicant.

7. Applications can be made by Individuals and Corporate who are eligible to become aTrading Member of MPSEL in accordance with the Bye-Laws of MPSEL and Rules &Regulations of SEBI, and as per terms and conditions as decided by the GoverningBoard of MPSEL from time to time.

8. The successful applicants whose offers are accepted by MPSEL will be required topay the balance amount of Deposit, Admission Fee, Annual Fee & SEBI Fee alongwiththe required documents for SEBI Registration within fifteen days from the date ofreceipt of the 'Letter of Acceptance of Offer' by applicant for TM of MPSEL.

9. MPSE will be entitled, at its sole discretion, to forfeit the Earnest Money Deposit, if thesuccessful Applicant fails to pay the balance amount of Deposit, Admission Fee,Annual Fee & SEBI Fee or to complete the necessary formalities for SEBI Registrationto the satisfaction of MPSE within the stipulated period of 15 days.

10. The deposit of the Trading Members will be subject to a lock-in-period of Two years.Any Trading Member desirous to withdraw / surrender his Deposit-based TradingMembership after such lock in period of Two years or at any point thereafter, will haveto give a six months prior notice to that effect to MPSE. The Deposit amount, BMC andany other amount (payable/receivable) will be refunded without any interest to the said

member within 3 months from receipt of NOC from SEBI.

11. The successful applicant will have to pay the following amounts/deposits to MPSEL[including the Earnest Money of Rs. 1,00,000/- (Rupees One Lakh only) already paid ]

6

8/6/2019 MPSEL

9/20

Sr. No. Description Amount

1. Base Minimum Capital (Refundable) 1,00,000/-

2. Deposit Amount (Interest free & refundable) 1,00,000/-

3. Admission Fees (non-refundable) 2,00,000/-

4. Initial Contribution Towards SGF Non refundable 5,000/-

5. Annual Fees 2,250/-

6. SEBI Registration Fees (Initial) 5,000/-

Plus Service Tax (As applicable)

12. The condition for educational qualification may be relaxed for the suitable candidates

at sole discretion of Governing Board of MPSE.

13. MPSEL will be entitled to accept the applications for Trading Membership on such

parameters and criteria as may be decided by MPSEL from time to time.

14. MPSEL reserves the right to Reject any application without assigning any reason.

15. No change in shareholders, directors, designated directors, authorized

representatives, registered office, etc. of corporate TM will be made without prior

written permission from MPSEL. Subsequently, complete set of papers/documents

must be submitted to MPSEL.

16. The Trading Rights would be awarded only on completion of all stipulated procedures

& formalities as specified by MPSEL & SEBI.

17. The decision of MPSEL will be final and binding in all respects.

4. SELECTION & ADMISSION PROCESS

The applications will be scrutinised by the Membership Selection Committee (MSC) of

MPSEL. MSC will shortlist the name of applicant(s) whose application(s) is/are complete in

all respect & will conduct interview of the shortlisted applicants with prior notice thereof.

The successful candidates will be issued Letter of Acceptance.

The successful candidates will be required to pay balance amount of Deposit, Annual

Fee, Admission Fee, SEBI Registration Fees and complete other formalities for SEBI

Registration within the stipulated period of 15 days.

7

8/6/2019 MPSEL

10/20

5. SEBI REGISTRATION PROCESS

After scrutiny of the documents submitted by candidate for SEBI Registration, the same

will be sent to SEBI for Registration of candidate as TM alongwith the recommendation of

MPSEL.

6. PAYMENTS / DEPOSITS

The details of Payments/Deposits are as under:

a. Earnest Money/Deposit

An applicant is required to pay Earnest Money of Rs.1,00,000/- (Rupees One Lakh only)

alongwith the Application Form through cheque/pay order/demand draft favouring

'Madhya Pradesh Stock Exchange Ltd.' towards interest free deposit. Earnest money is to

be adjusted against the Deposit Amount of Rs. 1,00,000/- (Rupees One Lacs only).

MPSEL will be entitled, at its sole discretion, to forfeit the Earnest Money Deposit, if thesuccessful applicant fails to pay, Admission Fee, Annual Fee & SEBI Fee alongwith the

required documents for SEBI Registration within 15 days from the date of receipt of the

'Letter of Acceptance of Offer' by applicant for TM of MPSEL.

b. Admission Fees

The Successful Candidate will be required to deposit Admission Fee of Rs.2,00,000/-

(Rupees Two lakh only) through cheque/pay order/demand draft favouring 'Madhya

Pradesh Stock Exchange Ltd. within 15 days from the date of receipt of the 'Letter of

Acceptance of Offer' by applicant for TM of MPSEL.

c. Base Minimum Capital (BMC)

The Trading Member is required to deposit Base Minimum Capital (BMC) of Rs.1,00,000/-

(Rupees One Lakh only) with the Exchange. He will be required to fulfill the capital

adequacy norms as specified by SEBI from time to time.

Title Percentage contribution Amount

Cash Minimum 25% Rs. 25,000/-

Fixed Deposit Minimum 25% Rs. 25,000/-

Fixed Deposit or

Bank Guarantee or 50% Rs. 50,000/-

Eligible Securities

(with 30% Margin/haircut)

TOTAL 100% Rs. 1,00,000/-

BMC will be deposited with MPSE after receipt of SEBI Registration Certificate.

8

8/6/2019 MPSEL

11/20

d. Settlement Guarantee Fund (SGF)

The Trading Member will be required to deposit Rs.5,000/- (Rupees Five Thousand only) +

Service Tax (as applicable) as initial contribution towards SGF to trade on Platform of

MPSE after receipt of SEBI Registration Certificate. This amount is non-refundable.

e. Annual Fee

The successful candidate will be required to pay Rs.2,250/- (Rupees Two thousand only) +

Service tax (Tax as applicable) towards Annual Fee of MPSE within 15 days from the date

of receipt of the letter of acceptance of offer by applicant.

f. SEBI Registration Fees

The successful candidate will be required to submit Rs.5,000/- (Rupees Five thousand

only) towards SEBI Registration Fees through demand draft favouring 'SEBI' payable at

Mumbai alongwith the SEBI Registration documents. The SEBI Fees will be payable in

future as per Schedule IIIA of SEBI (Stock Brokers & Sub- Brokers) Regulations, 1992 on

the basis of Turnover of a Trading Member.

Sr. No. Description Amount (Rs.) Remarks

1 Deposit 1,00,000 Rs. 1.00 Lakh as Earnest(Interest free & refundable) Money with Application

2 Admission Fees

(Non-refundable) 2,00,000* At the time of Admission (within 15

3 SEBI Fees 5,000 days from date of receipt of letter of

4 Annual subscription/Fee 2,250* acceptance)

5 Base Minimum Capital(Refundable) 1,00,000 After receipt of SEBI Registration

6 Initial Contribution to SettlementGuarantee Fund (Non-refundable 5,000*

Total 4,12,250

*Plus Service Tax (As Applicable)

7. Investment Cost

The Investment to be made by the Trading Member is as under :

9

8/6/2019 MPSEL

12/20

10

MPSE Securities Limited (MPSESL), is a 100% subsidiary of Madhya Pradesh StockExchange. MPSESL is a brokering arm of MP Stock Exchange. Only members of Madhya

Pradesh Stock Exchange Limited (MPSEL) are eligible to become sub-brokers of MPSESecurities Limited.

.1. THE COMPANY

MPSE Securities Limited incorporated in the year 2002 is corporate member ofNational Stock Exchange Limited and Bombay Stock Exchange Limited. MPSESL isa depository participant of CDSL. MPSESL with more than 7500 broking accounts,7000 demat accounts, 90 trading work stations is one of the biggest broking house ofCentral India. MPSESL offers trading terminals for cash and derivative segments.

2. BROKERAGE

Lowest brokerage structure as compared to any other broking house.

3. SURVEILLANCE SYSTEM

Surveillance system which ensures the highest risk management even in worsescenario of January 2008.

4. CONNECTIVITY

Connectivity modes at par with leading brokerage houses in the industry likePRI/BRI, Internet Broad Band, Lease line, VSAT, establishment of locational hubetc.

5. FRONT-END SOFTWARE

Front-end software ODIN which is having market share of more than 75% and providethe best connectivity.

6. INTERNET BASED TRADING

Internet based trading (IBT) for all scrips traded on National Stock Exchange.

7. MULTI-CITY OPERATIONS

Multi city operations which will provide opportunity to brokers to set their office anywhere in India. MPSESL has already set up Regional Offices in five centers and hastrading terminals in more than 20 cities.

MPSE Securities Ltd.

8/6/2019 MPSEL

13/20

11

8. BACK OFFICE SOFTWARE

Back office software Shilpi which enjoys good market credibility and acceptability inthe industry and running successfully for last five years.

9. KNOWLEDGE SUPPORT

MPSE Institute of Knowledge Management (MIKM) an initiative of Madhya PradeshStock Exchange provides short and medium term courses which includes Basics inCapital Market, Technical Analysis, Fundamental Analysis, Mutual Funds etc.bringing knowledge support to MPSESL. Training modules for brokers and staffmembers of brokers to ensure smooth working, timely pay-in pay-out, effectivedelivery management, handling of back office software.

10. TECHNICAL AND FUNDAMENTAL RESEARCH

MPSESL has set up a Technical Analysis wing which provides intraday tradingstrategies, weekly, monthly calls under best of technical knowledge. FundamentalAnalysis is available for all companies through best of the software in the industry.

11. RELATIONSHIP MANAGER

Relationship manager takes care of specific needs of broker under single window.

12. IPO DESK

IPO desk will provide facility of IPO bidding, sub broker registration, fundamental

analysis etc.

13. MUTUAL FUNDS

Mutual funds marketing is being started as a support services and will include training,sub broker registration, fortnightly update, all this with an intention to ensure that allmembers of MPSEL work as mutual fund advisor/broker.

14. Future & Option

MPSESL works on a very lucretive brokerage structure in Future & Option segment atNational Stock Exchange Derivative Segment. In fact MPSESL was the first Regional

Stock Exchanges Subsidiary to activate Future & Option business under revisednorms of SEBI.

15. Future Plans

MPSESL will be activating currency derivative segment in August 2009.

8/6/2019 MPSEL

14/20

The Executive Director,

Madhya Pradesh Stock Exchange Ltd., Indore

Sir,

Sub: " Offer for Trading Membership "

Please acquaint the Board of Directors of Madhya Pradesh Stock Exchange Ltd.(MPSE) that I/We am/are desirous of being admitted as a member with only trading

rights on the " Madhya Pradesh Stock Exchange Ltd." on the terms and subject in allrespects to the Rules, Bye-laws & Regulations of the Exchange, which now are or

hereafter may be, for the time being in force.

I/We have read & understood the aforesaid Rules.

I/We, the applicant company am/are agreeable to the selection and admission

procedure, and further agree that the discretion of the Board of Directors of MadhyaPradesh Stock Exchange Ltd. shall be final and binding upon me/us.

Yours faithfully,

Name:

Signature:

Date:Encl: Rs.1 Lacs DD or P.O. or cheque payable at par

Specimen application form for making the offer(on letterhead of the individual/ corporate entity along with

the earnest money of Rs. 1 Lakh)

12

8/6/2019 MPSEL

15/20

CHECK LIST FOR CORPORATES APPLYING FORTRADING MEMBERSHIP

Note: Please request you to submit the forms in the serial number as mentioned in the

checklist for faster processing of the application. *** THESE DOCUMENTS ARE TO BE

SUBMITTED ONLY AFTER APPLICANT RECEIVES THE LETTER OF ACCEPTANCE

OF OFFER.Sr.No.

Documents to be givenDocuments

submittedRemarks

1 Appendix A II ( format to be provided after acceptance of offer)

2 Auditors Certificate (format to be provided after acceptance ofoffer)

3 Annexure II (Details of the Company) (format to be provided afteracceptance of offer)

4 Memorandum and Articles of Association *

5 Prospectus of Statement in lieu of prospectus *

6 Director Report, Auditors report, Annual Accounts (For the LastThree years) *

7 Returns filed Assessment Orders /Statement of Income / wealth(For the last three years) *

8 Short History of the company and its activities on letter head ofcompany signed by directors.

9 Capital Structure * (Authorised capital, Issued capital andsubscribed capital (On the members letter head)

10 Shareholding Pattern in respect of each shares. (Sr. No. | Name ofthe shareholder Percentage of Holding and Amount Holding) * (Incase a member has a corporate entity as its shareholders then the

shareholding pattern of that corporate entity would required to besubmitted till the last individual shareholder is identified)

11 Board resolution authorising the directors to apply formembership.

12 Net worth Certificate (certified by C.A.) & statement of calculationas per the annexure attached.

13 Balance Sheet (Including All schedules) in concurrent to the Networth statement submitted. (Certified by CA)

14 NOC / Status report from the Stock Exchange (s) where anapplicant company is a member (s).

15 At least one reference from the banker.

16 Recommendation of two existing members on recommendingmember's letter head.

17 Details of all the Directors of the applicant company [Name,Qualification, Address, brief market experience in years,shareholding in the company] on letterhead signed by directors.

18 Certified Pan card copy.

*Documents pertaining to the Company duly certified by a chartered accountant as true & correct

13

8/6/2019 MPSEL

16/20

Sr.No. Documents to be given

Documents

submitted Remarks

1. Annexure I(format to be provided after acceptance of offer)

2. Board Resolution Authorising appointment of designateddirector

3. A brief Bio Data of the Designated Director (self signed on plainpaper/on letter head of individual director)

4. Certificates of educational Qualifications

5. Certificates relating to the Experience in the Capital market

6. Balance Sheet and P & L Account for last three years AND / ORAssessment orders &/or statement of Income / wealth &/or copyof Income tax returns for the last three assessment years(Certified by a CA)

7. If the Designated Director is a member of any other StockExchange in his individual capacity then the Designated Directorhas to submit NOC/Status report of that particular Exchangealso. If an associate concern/entity is a member of any otherstock Exchange then the NOC / Status report of that particularexchange is also to be submitted

8. At least one reference from the banker.9. Certified Pan Card copy

10. A certificate to be submitted on the letterhead of C.A. as perfollowing format:

This is to certify that of possesses a minimum of 2years capital market experience as required under the provisionscontained in Rule 8 sub-rule 4A sub-clause (v) of SecuritiesContract

(Regulation) Rules, 1957.

Signature.

with Rubber Stamp & Membership No. Place :

Date :

11. Copy of Form No. 29 and 32 filed with ROC.

12. Certificate of BCFM/NCFM Exam conducted by MPSE/NSE

Documents to be submitted by each Designated Directors *** THESE DOCUMENTS

ARE TO BE SUBMITTED ONLY AFTER APPLICANT RECEIVES THE LETTER OF

ACCEPTANCE OF OFFER.

Name of the Designated Director

14

8/6/2019 MPSEL

17/20

1. Age proof (Individual applying should be between 21 years and 60 years of age)and copy of educational qualifications (duly certified by CA or Notary)

2. Certificates of experience (duly certified by CA )

3. Your bio-data giving name, educational qualification, date of birth , age as ondate of application and complete details of experience in capital market.

4. * Profit & Loss a/c & Balance Sheet for last three years preceding the date of the

application along with annexure thereto and the Net-Worth certificate for lastthree years.

5. * Latest possible Profit & Loss a/c & Balance Sheet, along with the Present net-worth certificate for the said period.

6. * Statement of investment (quoted & un-quoted) at cost & market price for the last

3 years and for the period for which latest documents are submitted.

7. * Copy of Income-tax & wealth tax Assessment Orders, computation of income &

wealth for the last three years and details of taxes paid for these years.

8. No objection certificate from the Stock Exchange of which you are a member.

9. * Confirmation of loans & advances given as per the Balance Sheet as on 31stMarch, of the preceding financial year & for the period for which latestdocuments are submitted.

10. Such other documents as may be called for and be required by the Exchange.

11. Recommendation from the two members of the Exchange in the enclosedformat.

Check List for Individual Membership

Note: Please request you to submit the forms in the serial number as mentioned in the

checklist for faster processing of the application *** THESE DOCUMENTS ARE TO BE

SUBMITTED ONLY AFTER APPLICANT RECEIVES THE LETTER OF ACCEPTANCE OF

OFFER.

[*] Documents must be certified by a chartered accountant as true and correct.

15

8/6/2019 MPSEL

18/20

FORMAT FOR CALCULATION OF NETWORTH

(For Trading Members of the Equity Segment of the Exchange other than

Clearing Members of the Derivatives Segment)

Statement of Networth as on --------

Sr.No.

Particulars

1. Listed (Quoted) Investments

2. Market value of listed (quoted) securities (other than Government) in thename of member (forming part of the Balance Sheet)

3. Margin of 30% on Market value of listed (quoted) securities (other thanGovernment), i.e., 30% of 2

4. Net value of listed (quoted) Investments (other than Government), i.e., 2-3

5. Market value of listed (quoted) securities (Government) in the name of

member (forming part of the Balance Sheet)

6. Margin of 10% on Market value of listed (quoted) securities (Government),i.e., 10% of 5

7. Net value of listed (quoted) Investments (Government), i.e., 5-6

8. Unlisted (unquoted) Investments

9. Book value of Unlisted (unquoted) Securities

10. Margin of 50% on Book Value of Unlisted (unquoted) Securities i.e. 50% of 9

11. Net value of Unlisted (unquoted) Investments i.e. 9-10

12. Other Investments at cost, if any13. Total Net Investments ( 4+7+11+12)

14. Fixed Assets (used for the purpose of business) including land & building

15. Receivables which are less than 3 months old

16. Loans, Advances and Deposits

17. Loans and advances excluding loans and advances given to associatesand related entities

18. Deposits excluding non-refundable deposits

19. Cash & Bank Balance

20. Other Assets, if any, (specify), which are used for the purpose of business

21. Total Assets ( 13+14+15+17+18+19+20+21)

22. Current Liabilities

23. Long Term Liabilities

24. Total Liabilities( 23+24)

25. Net Worth ( 22-25)

Rs. Rs. Rs.

x

x

x

x

x

x

x

x

xx

x

x

x

x

x

x

x

x

x

x

x

x

16

8/6/2019 MPSEL

19/20

8/6/2019 MPSEL

20/20