TMI BlogGuidelines for seeking NOC by Stock Brokers / Clearing Members for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures in GIFT IFSCX X X X Extracts X X X X X X X X Extracts X X X X ..... cations from Stock Brokers / Clearing Members for granting NOCs for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures, etc. in GIFT IFSC. With an endeavour to rationalise and streamline the process of application, the following guidelines are being issued. a) The format of application along with list of supporting documents for seeking NOC for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries or entering into Joint Ventures in GIFT IFSC is placed as Annexure-A. b) Stock Brokers and Clearing Members shall apply through a Stock Exchange where the applicant is a member, along with the required information, documents and NOC received from all Stock Exchanges/Clearing Corporations/Depositories in which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts as listed in the present form. I GENERAL INFORMATION: 1 Details of all registrations of the applicant company in India and abroad 1. Name of the entity (Earlier name, if any) 2. Type of Intermediary (If Broker, names of Exchanges and if DP, name of the Depositories) 3. Registration Number 4. Date of Registration 2 Networth of the applicant company (in Rs.) 3 Details of the following persons: a) Promoters (Name and PAN number) b) Directors (Name, DIN and PAN number) c) Key Person of the applicant (Name and PAN number) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on Place: Date: III. ENCLOSURES: a. Certificate of Networth: i) Networth Certificate of the applicant based on the latest audited results (in Rs.), duly certified by a Chartered Accountant. ii) In case the above Networth Certificate is more than 6 months old, then provide i) above as well as the latest provisional networth certificate, duly certified by a Chartered Accountant. b. NOC obtained from all the Stock Exchanges/Depositories where the applicant is a member/ participant, in case the applicant is a Stock Broker/Depository Participant. c. Details of any non-compliance w.r.t fit and proper person criteria as specified in Schedule II of SEBI (Intermediaries) Regulations, 2008. d. Declaration cum under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Board and which is pending. (ii) No charge sheet has been filed against us by any enforcement agency in matters concerning economic offences and is pending. (iii) No order of restraint, prohibition or debarment has been passed against us by the Board or any other regulatory authority or enforcement agency in any matter concerning securities laws or financial markets and such order is in force. (iv) No recovery proceedings have been initiated by the Board against us and are pending. (v) No order of conviction has been passed against us by a court for any offence involving moral turpitude. (vi) No winding up proceedings have been initiated or an order for winding up has been passed against us. (vii) We have not been ..... X X X X Extracts X X X X X X X X Extracts X X X X
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