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Role of Sub-Broker (SB) vis-a-vis Authorized Person (AP)


To discontinue with Sub-Broker as an intermediary to be registered with SEBI.

As mentioned in the aforesaid circulars, SEBI Board in its meeting held on June 21, 2018 decided to discontinue with Sub-Broker as an intermediary to be registered with SEBI. It also granted time till March 31, 2019 for migration of Sub Brokers to APs, failing which such SubBrokers shall be deemed to have surrendered their registration w.e.f. March 31, 2019.

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Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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