SEBI Stock Broker License

SEBI Stock Broker License

If you want to execute trades for investors on Indian stock exchanges, you need a SEBI-approved Stock Broker License. It’s the regulatory backbone that allows brokers to operate on NSE, BSE, and other recognised exchanges. Without it, you can’t open client accounts, handle funds or securities, or earn brokerage income.

What is a Stock Broker License?

An approval granted by SEBI and recognised stock exchanges that authorises an individual, firm, or company to buy and sell securities on behalf of clients. It comes with strict compliance, risk management, and reporting responsibilities.

Who needs it

• Retail and institutional brokerage firms

• Trading and investment platforms

• Wealth and financial service companies

• Discount and online brokers

• Proprietary trading firms serving external clients

If you’re facilitating trades for others, you need this license.

Eligibility snapshot

• Indian company, LLP, or individual with required infrastructure

• Fit and proper status — clean financial and regulatory record

• Minimum net-worth requirement (varies by segment)

• Membership from NSE, BSE, or other recognised exchanges

• Qualified Principal Officer and approved team members

• Adequate risk management, IT systems, and investor grievance setup

What we assist with

• Eligibility assessment and regulatory advisory

• Selection of exchange membership type and segments

• Documentation, agreements, policies, and business framework

• Application filing with SEBI, exchanges, and depositories

• Net-worth certification, audits, and infrastructure readiness

• Response to clarifications, inspections, and onboarding compliances

Documents usually required

• Incorporation documents, PAN, GST, shareholding details

• Net-worth certificate and audited financials

• Board resolutions, organisational structure, internal policies

• KYC of promoters, directors, authorised persons

• Infrastructure, technology, website, and risk management details

• Agreements with clearing members and depositories

Our process

1. Understand business model and proposed segments

2. Prepare eligibility, net-worth, and compliance roadmap

3. Draft and file applications with required authorities

4. Coordinate inspections, verification, and clarifications

5. Receive approval and guide post-license compliance