Office Memorandum No. 3558/2022/FD of the Finance Department, Government of Tamil Nadu dated 9th June, 2022 on the business of a stock broker [C15-XW2]
As at 7 September 2026. In force. No commencement recorded.
No. 3558/2022/FD
GOVERNMENT OF TAMIL NADU
Finance Department, Government of Tamil Nadu
Chennai, dated the 9th June, 2022
OFFICE MEMORANDUM
Subject: The business of a stock broker by stock brokers under the Tamil Nadu Protection of Interests of Depositors Act, 1997, regarding.
1. The undersigned is directed to say that references have been received in the Finance Department, Government of Tamil Nadu on the manner in which the business of a stock broker by stock brokers is to be regulated under the Tamil Nadu Protection of Interests of Depositors Act, 1997.
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 fifteen 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 fifteen days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Finance Department, Government of Tamil Nadu.
(Secretary to Government)
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