Is it necessary to register as an NBFC when forming a company to trade in the markets?

[nithin]

@S_gupta

From a look at NSE website, it seems the total deposit be 75L, and 10000/- yearly + taxes ? It also talks about 2 yrs of experience as an assistant /clerk… But how about those managing own portfolio through existing brokers…

NSE has something called alpha membership for people who don’t intend to run a brokerage business. I have explained here

NSE Alpha Membership

Hi @nithin, NSE Alpha membership requires 25lkhs as deposit and I think 50 lakhs as net worth. If someone has a book size above 50lkhs does it make sense to apply for NSE alpha membership ? I guess, except for the brokerage, all other costs remain the same. So am I correct in assuming if the interest earned on 25 lakhs is less than the total brokerage paid, it is financially feasible to think of an Alpha membership ? 25lakhs will basically say earn 8%-9% annualized. So if someone is paying mor…