Start as an authorised person or sub-broker
A step-by-step guide to setting up as an authorised person (AP) or sub-broker in India — NISM certification, empanelment with a stockbroker, registration and agreement, infrastructure, deposit, and how to acquire your first clients compliantly. Use this to start your broking business. For the ongoing rulebook once live use the SEBI Compliance Checklist.
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