Intimation to the brokers to permit their sub-brokers to start business only after receipt of sub-broker registration certificate from SEBI

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..... resident/Managing Director/Executive Director All stock exchanges. Dear Sir, SUB : Intimation to the brokers to permit their sub-brokers to start business only after receipt of sub-broker registration certificate from SEBI. As per Section 12(1) of the SEBI Act, 1992 read with Rule 3 of Securities and Exchange Board of India (Stock Brokers and Sub-Brokers ) Rule 1992, no sub broker shall buy, .....

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