If you’re planning to become an Authorised Person (AP) in the securities market under Pentad Securities, here’s a comprehensive guide to help you understand the process, requirements, and associated fees. This guide covers the documentation checklist, fee structure across exchanges, registration steps, and office requirements.
✅ Checklist for Appointment of Authorised Person (Individual)
Before initiating the registration process, make sure you have the following documents ready:
- PAN Card Copy
- Residential Address Proof
- Educational Proof (Minimum qualification: 10th Pass)
- Bank Proof
📊 AP Registration Details Across Exchanges
| Activity | NSE | BSE | MCX |
|---|---|---|---|
| AP Registration | ₹5,000 + GST per segment | ₹4,000 + GST per segment | ₹2,000 + GST per segment |
| AP Cancellation | Nil | ₹1,000 | ₹2,000 |
| Annual Maintenance Charge (AMC) | ₹5,000 + GST (all segments) | ₹4,000 (all segments) | ₹250 per quarter |
| Processing Fee | ₹500 | ₹500 | ₹500 |
💳 Payment Details for AP Registration & Cancellation
Ensure payments are made to the account below for all NSE-related AP activities:
- Account Title: PENTAD SECURITIES PRIVATE LIMITED – NSE CASH PROPRIETORY ACCOUNT
- Account Number: 200999655681
- IFSC: INDB0000033
📝 Processing Steps for AP Registration
- Draft Agreement – Created based on submitted documents.
- Agreement Execution – Signed on stamp paper after confirmation.
- Uploading – The signed agreement is uploaded to the respective Exchange portal.
- Approval – Upon approval by the Exchange, the AP Code will be issued.
- Intimation – Confirmation and AP code are sent via registered email.
🏢 Requirements in AP Office
To ensure compliance and readiness for operations, the following must be maintained in the AP’s office:
- SEBI Registration Certificate
- Visitor Register
- Complaint Register
- Pentad Securities Name Board
- Recorded Telephone Line (if trading terminals are provided)
- AP Registration Certificate
Becoming an Authorised Person is a crucial step toward building your presence in the capital market ecosystem. Ensure that all documentation and office compliance requirements are strictly adhered to for a smooth and successful registration process.