12^th June 2012

N O T I C E

Re: Minimum eligibility criteria required to be member of CSE

Members are hereby informed that the Membership Selection Committee at its meeting held on 1^st June, 2012 has specified the following minimum eligibility criteria required to be member of CSE:

1. For Individuals: -

Age	Minimum age: 21 years
Status	Indian Citizen
Education	At least Higher Secondary or equivalent qualification
Experience	Applicant should have an experience for not less than two years as a partner with, or an authorised assistant or authorised clerk or remisier or apprentice to, a member.

2. For Partnerships: - Where the applicant is a partnership firm, the applicant shall identify a Dominant Promoter Group as per the norms of the Exchange at the time of making the application. Any change in the shareholding of the partnership firm including that of the said Dominant Promoter Group or their sharing interest shall be effected only with the prior permission of SEBI/Exchange.

Age	Minimum age of partner(s) : 21 years
Status	Registered Partnership firm under Indian Partnership Act, 1932
Education	Partners should be at least Higher Secondary or equivalent qualification
Designated Partners	Identify at least two partners as designated partners who would be taking care of the day to day management of the partnership firm
Designated Partners Experience	Should have a minimum of 2 years experience in an activity related to dealing in securities or as portfolio manager or as investment consultant or as a merchant banker or in financial services or treasury, broker, sub broker, authorised agent or authorised clerk or authorised representative or remisier or apprentice to a member of a recognised stock exchange, dealer, jobber, market maker, or in any other manner in dealing in securities or clearing and settlement thereof.
Dominant Promoter Norms	Identify partner’s sharing interest as per Exchange DPG norms

3. Corporates :

A Company as defined in the Companies Act, 1956 (1 of 1956), shall be eligible to be admitted as a member of a Stock Exchange provided:

i) Such company is formed in compliance with the provisions of Section 12 of the said Act;

ii) It undertakes to comply with such other financial requirements and norms as may be specified by the Securities and Exchange Board of India for the registration of such company under sub-section (1) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);

iii) The directors of such company are not disqualified for being members of a stock exchange under clause (1) of rule 8 [except sub-clauses (b) and (f) thereof] or clause (3) of rule 8 [except sub-clauses (a) and (f) thereof] of the Securities Contracts (Regulation) Rules, 1957 and the directors of the company had not held the offices of the directors in any company which had been a member of the stock exchange and had been declared defaulter or expelled by the stock exchange

Age	Minimum age of director(s) : 21 years
Status	Corporate registered under The Companies Act, 1956 (Indian)
Minimum Paid up Equity Capital	Rs. 30 Lakhs
Designated Directors	Identification of at least two directors as designated directors who would be managing the day to day trading operations
Education	Each of the Designated Directors should be at least Higher Secondary or equivalent qualification
Designated Directors Experience	Should have a minimum of 2 years experience in an activity related to dealing in securities or as portfolio manager or as investment consultant or as a merchant banker or in financial services or treasury, broker, sub broker, authorised agent or authorised clerk or authorised representative or remisier or apprentice to a member of a recognised stock exchange, dealer, jobber, market maker, or in any other manner in dealing in securities or clearing and settlement thereof.
Dominant Promoter Norms	Identify dominant group as per Exchange DPG norms

Sripriya Senthilkumar

(Dy. General Manager (SEO)