"Authorised Person" (AP) means any person not being a member of a Stock Exchange, who acts on behalf of a member-broker as an agent or otherwise for market access & assisting the investors in buying, selling or dealing in securities through such member-brokers. Authorised Persons are governed by SEBI Circular no. MIRSD/DR-1/Cir-18/09 dated November 06, 2009.

Who can become Authorised Persons

The following are eligible to apply for trading membership as Authorised Persons subject to the regulatory norms and provisions of SEBI and the respective Exchanges viz. NSE & BSE: -

  • Individuals
  • Partnership Firms
  • LLP
  • Body Corporates
Checklist for Individual Appointment of AP_Individual
Checklist for Partnership Appointment of Partnership-LLP
BSE Checklist forms_formats for Registration of AP Appointment of Corporate


  • Trading can be done in NSE (Cash, F&O, Currency) and BSE (Cash) segments.
  • More than 70,000 Trading Clients with yearly turnover of around Rs.40,000 crores.
  • BFSL also provides Depositary services in NSDL.
  • The Company was awarded “Star Performer Award - 2014” for having attained 1st Position in the category of “Top Performer in Active Accounts – Big DPs” in the Southern India.
  • More than 1,14,000 DP clients since inception
  • Authorised Persons are allowed to fix their own brokerage structure for their clients. The differential brokerage between the brokerage charged by the APs and the Company’s brokerage, shall be reimbursed to the APs on a weekly basis.
  • Additional Performance Incentives on Brokerage based on Turnover is also provided.
  • End-to-End Back-Office support is provided and all the Compliance issues are taken care of.
  • Clientele data of our Authorised Persons are fully protected and kept under strict confidentiality, as our Company do not undertake any proprietary trading on its own books.
  • Company also offers Commodity trading facilities in MCX and NCDEX through Associates.

For any enquiries, please call 080-41575538 or email at or or

Under Section 54 EC of Income Tax, 1961 an investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Rural Electrification Corporation Limited (REC) & National Highways Authority of India (NHAI) are permitted to issue capital gains bonds under Section 54 EC.

Some key features of Section 54 EC bonds are:

  •   AAA rated
  • Interest is taxable although no TDS is deducted
  •  Lock-in of 3 years and non- transferable
  •  Minimum investment-1 Bond amounting to ` 10,000/- and maximum investment-500 Bonds amounting to ` 50 lakhs in a financial year
  • Rate of Interest 5.25% p.a. payable annually
  •  Bonds can be held in Demat /Physical Form
  • Facility of Payment of Interest and Redemption through NECS
  • The Bonds will automatically redeem after expiry of three years
Prevent unauthorized transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.......... Issued in the interest of Investors 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