Circular SEBI/HO/MRD/CIR/P/2009/2148 of the Securities and Exchange Board of India dated 13th May, 2009 on the business of a stock broker [C10-YC6]

As at 6 September 2026. In force. No commencement recorded.

Dates: made 13 May 2009; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Circular SEBI/HO/MRD/CIR/P/2009/2148 of the Securities and Exchange Board of India dated 13th May, 2009 on the business of a stock broker, Circular SEBI/HO/MRD/CIR/P/2009/2148, 13th May, 2009 [C10-YC6]. Machine: C10-YC6.

SEBI/HO/MRD/CIR/P/2009/2148

Securities and Exchange Board of India

Mumbai, dated the 13th May, 2009

CIRCULAR

All adjudicating officers,

Subject: The business of a stock broker by stock brokers under the Securities and Exchange Board of India Act, 1992, regarding.

This circular is issued in exercise of the powers conferred under section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market

1. References have been received seeking clarification on the manner in which section 9 applies to the business of a stock broker by stock brokers.

2. The matter has been examined. Every stock broker carrying on the business of a stock broker shall make an application in Form B to the Board within forty-five days, accompanied by a fee of one thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of a stock broker is undertaken, and the Board shall dispose of it within forty-five days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)

Made under

Recital: "This circular is issued in exercise of the powers conferred under section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market". Names section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) [S1W-XPB]. Vires verified.

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