Partner With Us
Team-up with
Systematix
Add value to you professional as well as personal growth. Get benefitted from Systematix’s expertise.
- Well recognised & fast growing brand
- 1000+ team of experts and associates
- Wide Range of products & services
Advisory-led market participation for investors
“Authorised Person”, (AP) means who is appointed 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.
All Authorised Persons are required to obtain a Certificate of Registration from the Exchange without which they are not permitted to deal in securities. A stock broker may appoint one or more authorised person(s) after obtaining specific prior approval from the stock exchange concerned for each such person. The approval as well as the appointment shall be for specific segment of the exchange.
It is mandatory for member-brokers to enter into an agreement with the Authorised person The agreement lays down the rights and responsibilities of member-brokers as well as Authorised person.
What you Gain?
- Opportunities to earn more
- Complete control over your business
- Professional satisfaction
- Freedom to balance your professional and personal growth
WANT TO KNOW IN DETAIL?
franchisee@systematixgroup.in
+91-22-4035 8104
Who can become an Authorised
Person of Systematix?
How does an
Authorised Person
Grow?
How to Open An Account with Systematix
Share your contact details with us
Register as an authorised person
Add new clients
Start generating revenue
What you will need to become an Authorised Person?
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
- 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
- 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
- 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
- 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
- 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
OOO
- 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.
- A Director/Partner of a registered Authorised Person cannot be appointed as an Authorised Person in any capacity.
Documents Required
For Application
The following is the list of documents required in case an applicant wants to be affiliated with us as Authorised Person:
- Undertaking from the applicant i.e. Authorised Person
- Agreement between Trading member and applicant i.e. Authorised Person (All pages should be signed by Proprietor/Partner/ Director of Trading Member and Applicant/proprietor of AP firm/all the Partners/directors of the AP)
- PAN Card, Date of Birth Proof, Residential and Office Address Proof, Education Qualification Proof of the individual applicant/all partners/all directors. (In case of any name change notarized and duly attested Affidavit should be provided.)
- Annexure for Partner’s/Director’s Details and Shareholding Details duly certified by CA/CS
- In case of LLP application, LLP Deed and Certificate of Incorporation (COI)
- In case of a body corporate, Memorandum of Association (MOA) and Certificate of Incorporation
- Such other documents/undertakings as prescribed by exchanges
For Cancellation
The following is the list of documents required in case an applicant wants to be disaffiliate with us as Authorised Person:
- Request Letter for cancellation from the Authorised Person (on the letter head) to the Trading member
- In case of cancellation due to death of the AP, duly certified death certificate of the AP should be uploaded on ENIT along with the covering letter from the Trading Member stating the AP details
- In case of partnership/LLP firm/corporate the request letter of the AP for cancellation should be signed by all the partners/directors/authorized signatory (In case of authorized signatory, a board resolution/letter of authority should also be uploaded)
- In case the AP is not traceable, the member can apply for cancellation by submitting a copy of termination notice mentioning all details of AP along with POD (Proof of Delivery mentioning the name of AP/TM and date)
Why you should become
an Authorised Person
with Systematix?
Systematix has over 40+ years of experience and is one of the leading broking houses in India. We use our experience and expertise very effectively to grow our clients’ wealth and achieve their financial targets. You, too, can benefit from our expertise and help your clients meet their financial targets. Not only will you get to learn from Systematix’s wealth of knowledge, you will also represent the Systematix brand, which will help you garner respect and trust with potential clients. We will provide you and your staff with training as well as the tools necessary to make the correct decisions for your clients.
Well Recognised & Fast
Growing Brand
Trustworthiness
One Stop Service Provider
for Major Financial
Services
Strong Management
Expertise
Extensive Research
Strength
State-of-the-art Risk
Management
Robust Technology in
Trading Platform
Low Set up and Running Cost
Marketing Support on
New Product Launches
Cutting-edge Technology Tools
Attractive Model of
Revenue Sharing
Complete Support in
Business Development
List of
Authorised Persons
Check here
Mobile trading for equity markets — anytime access.
Dedicated mutual fund investment app.
Account and funds management.
