NET WORTH requirement of a stock exchange broker member

#1

in case a member reports shortfall in networth and fails to submit the revised networth certificate meeting the minimum networth requirement by next submission cycle, the trading rights of the member will be withdrawn.
:::: the above is copy -paste of a recent NSE CIRCULAR .;::::
*WHAT IS THE minimum NET WORTH CRITERIA AND ON WHAT BASIS IT IS ARRIVED AT ? is it on business volume generated or same for all brokers ?

#2

Did not get it.

#3

What is the net worth criteria for a member of nse or bse or both ? is it fixed or depends on business volume generation by broker and need to be revised accordingly.

#4

I am not right person of this sorry!

#5

Here you can find the networth requirements for NSE and BSE, respectively:

https://www.nseindia.com/membership/content/fees_depst_n_net_req.htm

https://www.bseindia.com/members/faqs.aspx?expandable=0

The criteria for networth requirement is the type of membership.

1 Like
#6

THANKS for the information.