Starting sub brokership firm -INDIVIDUAL /SOLE PROPRIETOR which is best one ?.

[bbboy]

Dear Bboby & rest all,

Cool down & don't get angry on angel representative. Actually you should thank

1) its is not service tax but TDS which is 10.33% deduction as per govt rule. so its totally legal. All broking house charge it but they don't have guts to tel u in front in beginning. so at least Angel told u in beginning, u should be thankful.

2) If both the scheme were same, there can't be different changers. The costly one which ask somewhere near 27,500 for NSE, BSE & F&O will give u direct certificare from SEBi to run your sub-broking which u have to show in your office space. i belive u might have noticed some certificates shown on walls of all broking house. its something like that.

the other one make u business associates, remiser or anhy other thing. both is legal but not same. the second option wil be faster in paper work as SEBI takes around 2-3 months in first kind of registration.

Hope this will solve your prob. I request you to not blame any company till u get facts right.


Happy trading
Gulshan Ranjan

Disclosure : I am not associated with angel in any manner but worked with them earlier

Thanks for ur reply, but pls. note TDS never deduct @ 10.33% , as u said u worked as broker so must be knowing that TDS rates are not 10.33% it is service tax, and about blaming on company or person, so my answer on that is very clear in my mind if someone try to make fool then i will not hesitate to bring into everyones notice no matter it is top company or very reputed person.
I am in talsk with many brokers so, i take care of each and evry part of sub-brokership clauses, b'coz i don't want to feel foolish later or i don't want to get trap in such situation where i loss all my clinets after i worked so hard for 2-4 years. thats why i will take all care before joining any comapny as sub-brokership.

I liked ur reply on SEBI registration, but can u pls. explain it more in deep ??
pls. tell me which kind of registration is good and better for sub-brokership in reagrds of my security and my business for long term as i will invest all my time to develop new clinets and i don't want to loose all those clinets just b'coz of my one carelessness due to not taking care at the time of sebi registration.. pls. reply

 

[gulshanranjan]

Dear bboby,

It would be better if u put your inputs to the broker & then ask which suites best for u. diff diff person got diff needs & the plan which suits me, may not be suitable to you. anyways ask me exactly what u want to know, will try to help u.

Have a nice day.
Gulshan Ranjan

 

[bbboy]

Dear bboby,

It would be better if u put your inputs to the broker & then ask which suites best for u. diff diff person got diff needs & the plan which suits me, may not be suitable to you. anyways ask me exactly what u want to know, will try to help u.

Have a nice day.
Gulshan Ranjan

I asked that which type of registration is good for long term business and safety of my business.
safety means i don't want to loose my customers just b'coz main broker side line me from sub-brokership or so called business associate or AP etc....

can anyone here provide full detail of registration ?
how many type of sebi registration are there ? which type of sebi registartion required for sub-brokership ?