A broker in India must follow local rules and regulations.
India's economy is on the upswing. As its markets become more developed, an increasing amount of people are considering the prospect of becoming a broker. Because of the recent increases in stock-broker businesses, the laws and regulations relating to education and licensing have become stricter. By following these regulations, becoming a broker in India can be a profitable and rewarding experience.
Instructions
1. Gain the relevant experience as required by the National Stock Exchange (NSE). Relevant experience includes dealing with securities, investment consultancy, merchant banking or any history of responsibility in the financial markets. Working with a well-known brokerage or consultancy will ensure that you obtain adequate references for the NSE.
2. Obtain the appropriate academic qualifications. Degree and non-degree courses of varying length are offered by universities and institutes in India. These courses offer the education required for obtaining a stock broker's license. The activities of a broker can have major repercussions on the national economy, and thus acquiring the appropriate knowledge about the financial markets is a prerequisite.
3. Apply for membership at the NSE. Your application will be reviewed by a board who will consider your educational merits, experience and character. The admissions board will want to be certain that you'll follow the rules and regulations surrounding the brokerage industry.
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