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Authorised Person

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
  • Should be a citizen of India
  • Should not be less than 18 years of age
  • Should not have been convicted of any offence involving fraud and dishonesty
  • Should have good reputation and character
  • Should have passed at least 10th standard or equivalent examination from an institution recognized by the Government
Eligibility Criteria for a Partnership Firm, LLP or Body Corporate
  • All the partners and directors, as the case may be, must comply with the eligibility criteria for individuals given above
  • The Object Clause of the Partnership Deed and the Memorandum of Association must contain a clause permitting the person to deal in securities business
  • 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.
Conditions of Appointment
  • The Trading Member shall be responsible for all acts of omission and commission of the Authorised Person.
  • All acts of omissions and commission of the Authorised Person shall be deemed to be that of the Trading Member.
  • 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.
  • 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.
  • A person shall not be appointed as a Authorised Person by more than one Trading Member.
  • A partner or director of an Authorised Person shall not be appointed as an Authorised Person with the Exchange
  • 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.
Withdrawal/Cancellation of Appointment
  • Appointment of an Authorised Person may be withdrawn by the Exchange
  • 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
  • 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.
  • 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.

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

We will help you stand guard against the financial market risks with our expert investment tips and with our personalized supporting.

  • Attention Investors
  • KYC
  • NSDL/CDSL

"Prevent Unauthorized Transactions in your Trading/demat account. Update your Mobile Number with Us. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/Exchanges on the same day.... Issued in the interest of investors."

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Please be informed that “M/s. Aasmaa Securities Private Limited” is also doing Proprietary (Own A/c) trading in addition to Clients’ trading.

For any requests for changes in all types of contact details, please update and reach out to us at 040-42358888

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Registered Office

6-3-352/2&3, #401, West Wing, 4th Floor, Astral Heights Complex, Road No. 1, Banjara Hills Hyderabad - 500 034. Call Us : 040-42358888 Email Us: operations@aasmaasecurities.com

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Member ID

NSE: 14608, MSEI: 10040, BSE:6511, CDSL: 80500, MCX: 35595

SEBI Reg No

NSE: INZ 000164336 MSEI: INZ 000164336 BSE: INZ 000164336 CDSL: IN-DP-CDSL-45-2015, MF: ARN-120587, MCX: INZ000076031

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