uTrade AlgosJoin Share India-Become an Authorized person and shape your future!
An authorized person in trading is an individual or entity appointed by a broker to act as an intermediary and facilitate trading activities on behalf of clients, adhering to regulatory guidelines.
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Fastest growing financial services conglomerate
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Increasing presence among new demographic investors
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Market leader by successful partnerships
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Expanding operations in multiple geographies
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Market Share of Options Trading
Who is an Authorised Person?
The Securities and Exchange Board of India (SEBI) says that an authorised person is a person, a partnership firm, or a limited liability partnership (LLP) that a stockbroker has chosen to work with. An Authorized person is responsible for facilitating seamless transactions and delivering exceptional service to investors, ensuring their financial goals are achieved. As the stockbroker’s agent, it is their job to make sure that clients have access to the trading platform. An authorised person is registered with SEBI and helps clients trade stocks on the stockbroker’s behalf.
A person with permission to trade plays a big role in increasing the number of trades because they deal directly with clients. The expert knowledge of a licensed person is crucial for clients to be able to choose stocks confidently.
At the same time, they also help the stockbroker build their business by bringing in new clients and help existing investors to reinvest their money. An authorised person takes an entrepreneurship role and functions as the intermediary between the stockbroker and their clients. For that they generally receive a commission on the total transaction value of their clients.
You can partner today with Share India and become an authorised partner to start your professional Authorized person career by filling the above form.
Do’s & Don’ts for Authorized Person
Do’s for an Authorized Person
Compliance with Regulations:
Always adhere to the rules and guidelines set forth by regulatory authorities like the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), or any relevant governing body.
Maintain Documentation:
Ensure all transactions are well-documented and records are maintained as per legal requirements.
Conduct Due Diligence:
Verify the authenticity of clients, partners, and transactions before proceeding. Implement Know Your Customer (KYC) and Anti-Money Laundering (AML) norms.
Training and Awareness:
Stay updated with the latest laws, circulars, and amendments related to your field of authorization. Attend training sessions if required.
Don’ts for an Authorized Person
Engage in Fraudulent Activities:
Avoid any unethical or illegal practices that could lead to financial or reputational damage.
Exceed Authority:
Do not act beyond the scope of your authorization or undertake unauthorized activities.
Neglect Regulations:
Never ignore statutory requirements or fail to comply with updated laws and guidelines.
Misuse Confidential Information:
Do not share or exploit sensitive data for personal or unauthorized gain.
Advantages of being an Authorised Person
Low initial investments:
The initial investment required to become an authorised person is minimal.
High incentive sharing models:
Share India offers lucrative incentive models to their authorised partners.
Sophisticated trading platform:
An authorised person has access to the broker’s sophisticated trading infrastructure at cost-effective connectivity options.
Product & service support:
Authorised partners can ask for immediate support regarding products, services, and client queries.
Eligibility Criteria to Become an Authorised Person
| Particulars | Description |
|---|---|
| Eligibility Criteria for Individuals | 1. Should be a citizen of India. 2. Should not be less than 18 years of age. 3. Should not have been convicted of any offence involving fraud and dishonesty. 4. Should have a good reputation and character. 5. Should have passed at least 10th standard or equivalent examination from an institution recognized by the Government. 6. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member. |
| Eligibility Criteria for a Partnership Firm, LLP, or Body Corporate | 1. All the partners and directors, as the case may be, must comply with the eligibility criteria for individuals given above. 2. The Object Clause of the Partnership Deed and the Memorandum of Association must contain a clause permitting the person to deal in the securities business. 3. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member. |
Required Documents to Become a Partner with Share India
PAN Card
Aadhar Card
Photographs
Personal Address
Business Address
Object Clause of the Partnership Deed and the Memorandum of Association
Awards and Recognition
Top Member by NSE
Awarded on the 25-year completion of the Nifty Index
Awarded as Listed Player at the National Level
Grew enormously in the stock market.
Among the Top 10 Brokers in Index Derivatives
Trusted by trading community of derivative traders.
Broker of the Year at NCDEX Commodity Awards
Enhance our standard in the year 2022.
Awarded to Contribute in Commodity Derivatives
Strategic and significant contribution towards our customers.
Strategic and Significant Contribution to Commodity Derivatives
Awarded for the second year in a row
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