We provide online trading services to our clients. We provide both online and offline
access to our clients to trade online for various stock investment purposes.
Internet Stock Trading Systems: We provide fully secured
and smart online trading terminals using web based trading system and direct access
stock trading systems for effective market access.
Phone-in Support: We also offer phone based helpline
to clients to obtain professional advice on various financial products and related
investments.
Single Access Multi Trading: We facilitate clients
to trade/invest different investment products like Stocks, ETFs, IPOs, OFSs, Futures
and Options Contracts, etc using the single Online Trading Platform.
Multi Market Trading: We provide online trading facility
to trade in BSE, NSE & MSEI Futures and Options markets.
We offer a more advanced and feature-rich online trading environment to help clients
to maintain their portfolios effectively. We have made our online trading facilities
with high-levels of transparency, competitive brokering models, efficient client-support
systems, etc.
To access your online account, please click on the below link:
Online Trading – user will be allowed to trade and access his accounts,
by logging in with the provided credentials.
An Authorised Person is ‘Any person, individual, partnership firm, LLP or body corporate,
who is appointed as such by a Stock Broker (including Trading Member) and who provides
access to trading platform of a Stock Exchange as an agent of the Stock Broker’.
| Eligibility Criteria for Individuals
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Should be a citizen of India
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Should not be less than 18 years of age
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Should not have been convicted of any offence involving fraud and dishonesty
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Should have good reputation and character
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Should have passed at least 10th standard or equivalent examination from an institution
recognized by the Government
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| Eligibility Criteria for a Partnership Firm, LLP or Body Corporate
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All the partners and directors, as the case may be, must comply with the eligibility
criteria for individuals given above
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The Object Clause of the Partnership Deed and the Memorandum of Association must
contain a clause permitting the person to deal in securities business
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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.
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| Conditions of Appointment
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The Trading Member shall be responsible for all acts of omission and commission
of the Authorised Person.
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All acts of omissions and commission of the Authorised Person shall be deemed to
be that of the Trading Member.
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The Authorised Person shall not receive or pay any money or securities in its own
name or account. All receipts and payments of securities and funds shall be made
in the name of or account of a Trading Member.
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The Authorised Person shall receive his remuneration- fees, charges, commission,
salary etc. for his services only from the Trading Member and he shall not charge
any amount from the clients.
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A person shall not be appointed as a Authorised Person by more than one Trading
Member.
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A partner or director of an Authorised Person shall not be appointed as an Authorised
Person with the Exchange
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The Trading Member and Authorised Person shall enter into written agreement(s) in
the form(s) prescribed by the Exchange. The agreement shall inter-alia cover scope
of the activities, responsibilities, confidentiality of information, commission
sharing, termination clause etc.
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| Withdrawal/Cancellation of Appointment
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Appointment of an Authorised Person may be withdrawn by the Exchange
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On receipt of a request to that effect from the Stock Broker concerned or the Authorised
Person, subject to compliance with the requirements prescribed by the Exchange,
or
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On being satisfied that the continuation of Authorised Person is detrimental to
the interest of investors or securities market or the Authorised Person at a subsequent
date becomes ineligible under any of the clauses under the eligibility criteria.
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Trading Members, who want to withdraw/cancel the appointment of any of their Authorised
Persons, need to give an application for the same in the prescribed format.
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| At ASPL, we have a standard draft for the Authorised Person Business Proposal; one
can look into the proposal and for further discussion please call on 040-42358888
or write an email to operations@aasmaasecurities.com
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A 'Sub-Broker' is any person who is not a Trading Member of a Stock Exchange but
who acts on behalf of a Trading Member as an agent or otherwise for assisting investors
in dealing in securities through such Trading Members.
All Sub-Brokers are required to obtain a Certificate of Registration from SEBI without
which they are not permitted to deal in securities. SEBI has directed that no Trading
Member shall deal with a person who is acting as a Sub-Broker unless he is registered
with SEBI and it shall be the responsibility of the Trading Member to ensure that
his clients are not acting in the capacity of a Sub-Broker unless they are registered
with SEBI as a Sub-Broker
It is mandatory for Trading Members to enter into an agreement with all the Sub-Brokers.
The agreement lays down the rights and responsibilities of Trading Members as well
as Sub-Brokers.
Documents to be submitted
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| Members need to attach scanned copies and send physical copies of the following
documents (as of the latest date) along with the Sub-Broker registration application
form:
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Proof of address of the applicant entity (trade name) – This is mandatory and the
address on the proof needs to match with that on the application. Only the latest
telephone bill, electricity bill, valid ration card, valid passport, valid driving
license and bank statement of the last one month from a nationalized bank is acceptable.
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Proof of experience certificate– This is mandatory only in case the qualification
of Individual/Partner/Director is less than HSC. Only experience of at least two
years in the capacity of employee/dealer in capital market in the name of Individual/Partner/Director
is acceptable.
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Fees to be paid by sub-brokers: Every sub-broker shall pay fees
in the manner set out below:
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Where a sub-broker was granted certificate of registration by the Board before August
1, 2006
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He shall pay a sum of ten thousand rupees (Rs. 10,000/-) for the block of five financial
years commencing from April 1, 2007; and
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After the expiry of the said block of five financial years, he shall pay a sum of
five thousand rupees for every subsequent block of five financial years.
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Where a sub-broker is granted certificate of registration by the Board on or after
August 1, 2006 -
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He shall pay a sum of ten thousand rupees for the block of five financial years
commencing from the financial year in which registration has been granted; and
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After the expiry of the said block of five financial years, he shall pay a sum of
five thousand rupees for every subsequent block of five financial years.
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Every sub-broker shall pay fees under sub-clause (a) or sub-clause (b), as the case
may be, within such time as may be specified by the Board.
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| For any query, please send an email to operations@aasmaasecurities.com
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Dematerialization is the process of converting physical financial instruments such
as share certificates, mutual fund investments, and bonds into electronic form.
An Investor who needs to dematerialize his shares needs to open a demat account
with Depository Participant. These physical shares are then surrendered by the investor
and in return he gets electronic shares in his demat account
A demat account is similar to a bank account. When you receive your bank statement,
you will see 2 columns – deposits and withdrawals of money and balance money in
the account on the last day of the statement. Similarly, a demat statement will
show the investments you have bought, sold and the balance investments held on the
last day of the statement.
Aasmaa Securities Pvt Ltd is a Depository Participant of Central Depository Services
(India) Ltd and authorized to open a Demat Account. To open a Demat account, please
click on the below link and download the Demat Account Opening Form or send an email
to admin@aasmaasecurities.com
Demat Form
One is recommended to read the Scheme and Transactions charges carefully, listed
on the Demat Account Opening Form, in case you have any queries – you can call at
040-42358888 or send an email to
aspldp@aasmaasecurities.com
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Advantages of Demat
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Holding your investments in Demat form is easy and convenient.
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You don’t have to face the problem of losing investment certificates or receiving
forged certificates.
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Transferring securities becomes easy.
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You incur lower costs associated with transactions when compared to physical buying
and selling of securities.
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You receive bonus shares and share splits automatically.
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You receive dividend directly to your bank account.
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