Take over of sub-brokership

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One sub-broker of equities/commodities running his present business on individual's name. Now he want to form the new company with object of take over of the existing proprietory business and admit new directors/shareholders in the new company. \

I have the following queries :

1. Can SEBI will allow to change the name of existing sub-brokership from individual to company.

2. Can the name of sub-broker will change with effect from the incorporation of company.

3. If SEBI now allow to change the name and asks to apply freshly for sub-brokership. Then can the new company run the existing business with some MoU / agreements

Replies (2)

The company can takeover the business of the individual. Do this with proper business transfer documentation and apply to SEB I. approval should not be a problem

I want complete Procedure Resheshshah...

If u hv, then please mail me at

SHAYVIDZ @ gmail.com

aadica @ gmail.com

 

Thanks in Advance...

 

Adarsh


CCI Pro

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