Fastest growing financial services conglomerate
Market leader by successful partnerships
Increasing presence among new demographic investors
Expanding operations in multiple geographies
Years of Trust
Avg. Daily Turnover (in Crores)
CAGR
Market Share of Options Trading
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. As the stockbroker's agent, it is their job to make sure that traders 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 traders. They help traders trade well by giving them advice based on their financial goals and their ability to take risks. 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 sub-broking career. You help investors achieve their investing goals and benefit from Share India’s lucrative incentive model.
Partner with Share India to enhance your business goals and add an additional source of income. We provide an array of services for you to take advantage of. Have all the financial services under a single roof with the help of your own research wing. We provide 24/7 support to your and your clients along with regular advertisements on a national level.
| 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. |
Multiple Financial Services
Provide trading facilities in all segments, i.e. equity delivery, currency, commodities and derivatives.
Advanced Trading Platform
Make use of our efficient and technical trading platform at a cost effective connectivity option.
Anytime, Anywhere
You can use our state of the art trading facilities at your convenience through the E-Broking platform, Mobile Trading, And Tab Trading.
Dedicated Support Team
Get immediate online solutions 24/7 to all your client queries and a Support team for liaison during the pre-commissioning phase.
Training Programs/Seminars
Attend regular investment awareness seminars carried out by our highly qualified professionals.
Detailed Research
Take advantage of the in-depth technical and fundamental research on all market segments.
By becoming an Authorised person you take destiny into your own hands and create your own future. With Share India, there are no obstacles you need to overcome. All you need is your own space with a computer.
Get registered as an Authorised person free of charge today.
The Ultimate App for All Your Needs
A user-friendly app for a seamless trading experience. Manage all your trades, get market analytics and more at the tip of your fingers.
Security and safety is our utmost priority
Use various features to make trading effortless
Practice your strategies through Virtual Trading
Stay updated via news through Livesquawk
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Authorised persons function as liaison between the stockbroker and the clients, and hence have responsibilities catering to both parties.
The following are the responsibilities of the authorised individual towards the stockbroker providing them with market insights and product support:
Business Expansion:
The primary responsibility of an authorised person is to help the broker expand their client base and increase business volume in a specific territory. They do that by finding new investors and helping existing investors to reinvent their capital.
Standardised Transactions:
Authorised partners are in charge to maintain the credibility of the broker for which they standardise the transaction process. They also prevent investors from submitting wrong documents to the stockbroker.
Transparent deal practices:
An authorised partner should be well-aware of the broker’s policies related to investment transactions. They must always look at what’s best for the client and work towards maximising those benefits.
Help stockbrokers with sales:
A sub-broker keeps the broker up-to-date regarding client transactions and provides clients with contract notes on behalf of the broker.
Likewise, an authorised person is also responsible to help clients in the following ways:
Investment decisions:
An authorised person’s primary responsibility towards clients is to help them make sound investment decisions. They must understand the client’s financial situation and help them invest investments that suit their investor profile.
Investment ideas:
An authorised person in the stock market assists their clients with investing activities by offering them investment ideas and also updating them on the news front. For that it is essential that they understand the client's financial goals.
An authorised person is not a direct member of the stock exchange, as they are not directly associated with the exchanges. However, they obtain the broker’s franchise and assist clients to make better investment decisions. So, indirectly they help the stock exchange maximise deals in their area.
The initial investment required to become an authorised person is minimal. A handful of select brokers don’t even charge a registration fee
The top broker’s offer lucrative incentive models to their authorised partners. A percentage of the revenue a sub-broker’s client generates is given to the sub-broker.
An authorised person has access to the broker’s sophisticated trading infrastructure at cost-effective connectivity options.
Stockbrokers organise monthly or quarterly trading sessions to help authorised partners stay updated with the latest market trends and trading infrastructure.
Authorised partners can ask for immediate support regarding products, services, and client queries. Some brokers even have a dedicated support team to offer 24/7 online support.
Authorised persons also get access to fundamental and technical sights and market research.
Every client must be registered with the stockbroker and all trades must go through the stockbroker. Any recovery of losses due to a client depends on the arrangement between the authorised person and the stockbroker.
You can only be an authorised person with one stockbroker for a specific segment. It’s advisable to choose Share India as they provide trading in all segments.
An in-person verification can only be done by the employees of the stockbroker. As the authorised person, you’re not an employee of the stockbroker and therefore can not carry out in-person verification.
As an authorised person, you can not charge any fees to your clients. However, you are entitled to receive remuneration in the form of fees, charges, commission, and salary for your services from the stockbroker.
You do not need any reference/recommendation or certification to become an authorised person.
One must be a citizen of India and must be at least 18 years of age to be an authorised person. Apart from this, they shouldn’t have any convictions involving fraud or dishonesty against them. He must at least pass the 10th standard or equivalent examination from an institution recognised by the Central Government / State Government along with a good character and reputation. In case he has been barred or suspended from any exchange for a term of more than six continuous calendar months, a period of three years must have passed from the date of completion of suspension before he is considered for the reappointment as an authorised person.
We at Share India aim at transforming the millennial trading experience through a cutting-edge fintech platform. We strive to provide the best value for money trading solutions by incorporating Artificial Intelligence and Machine Learning technology.
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