1.

Documents required for enablement on Capital Market Segment

2. Members are requested to furnish the documents in the following order

3. Trading membership undertaking for Capital market segment on Stamp Paper of

Rs. 200 duly notarized. Format enclosed.

Trading Membership
Undertaking-CM-Corporates.doc
4. Corporate

Trading Membership
Undertaking-CM-Firms.doc
5. Firms

Trading Membership
Undertaking-CM-Individuals.doc
6. Individual

7. Clearing membership undertaking for Capital market segment on Stamp Paper of

Rs. 200 duly notarized. Format enclosed.

Clearing Undertaking Clearing Undertaking

CM- DPG of Individual.doc CM- DPG of Corporates.doc
8. Corporate

Clrg memudtkg,
capital market-firms.doc
9. Firms

Clearing Mem
undertaking CM-Individuals.doc
10. Individual

11. Points to be verified before submission of undertaking to the Exchange are

enclosed as follows

Points to be verified
for undertakings.doc
12.
13. Board Resolution - mentioning the authorised signatories, along with the specimen
signature of the signatories.

BOARD RESOLUTION
Format.doc

14. Audited Net worth certificate in format C-1.

15. Networth certificate to be submitted by TM’s in CM

Networth Certificate
for TM's in CM and F&O.doc

16. Latest Audited Annual accounts.

17. VSAT connectivity has to be established before the enablement can be done.
18. Confirmation / Proof of taking up an insurance with either Oriental Insurance
Company Ltd. (OICL) or New India Assurance Company Ltd. (NIACL) under the
Broker Indemnity Policy.
19. Submit application for registration with Central Excise. (Submit an
acknowledgement copy from the Central Excise to us.)
20. Application for approval as User on the company’s letterhead for 2 users (Please
note that the users have to pass NCFM test for Capital Market. Along with the user
application duly certified NCFM certificates for the capital market module has to
be annexed. The trading member has to specify which user has to be allotted as
corporate Manger or which one as a dealer.

Approved User
format.doc

21. Open Settlement account and Exchange Dues account with the designated Bank
and submit the account number and a documentary reference thereof. Open two
more bank accounts for (a) Client Money and (b) other business purposes and
submit the account numbers and documentary reference thereof.
22. The trading member has to give the proof of opening of accounts on the letterhead
of the bank specifically stating the date of the opening of the account with the bank.
Further a five point confirmation letter as per the format enclosed as below is
required. Please note that the letter should be on the letter head of the trading
member duly acknowledged by the Bank.

5 points confirmation
letter.doc

23. Documents for application of Digital Signature Certificate for one of the
Designated Director as per Circular No. 556 dated November 15, 2006
 Application for Digital Digital Signature
Signature.doc Circular.htm

24. Documentary proof for the appointment of the compliance officer as per Circular
No. 257, Ref No. NSE/MEM/3441/ dated June 14, 2002

Compliance Officer
Format

25. Copy of the Memorandum of Association.

26. Open Depository accounts (Pool and beneficiary accounts) with any of the
Depository Participants of NSDL and CDSL and submit the account number and
documentary there of.
27. Copy of the CDSL letter duly acknowledged by the CDSL Authority. Format as
enclosed.

CDSL Letter.doc

28. Letter availing the facility of Automatic Delivery Out in NSDL. Please note that
member has to exercise the option of the settlement type for which it needs the
dematerialization facility. Format as enclosed.

Automatic Delivery
out in NSDL

29. Letter requesting activation of account in Collateral Interface for Member (CIM).
Format as enclosed.

Letter for CIM

30. Trading member has to give undertaking on their letterhead that they do/do not
want to be enabled on the Mutual Funds. (Strike off which is not required). The
undertaking should be signed & duly stamped.
31. Letter requesting activation of administrator user in NSCCLs Clearing Interface
System (NCIS).

Letter for NCIS.doc

32. Trading Member needs to submit collateral deposits in the form of a Bank
Guarantee / FDR/ Deposit (cheque/DD) of Rs.25/17.50 lakhs as pe the demand
advice. Proof of the same is required
33. Member should ensure that payment as per demand advice has been made to
NSEIL/NSCCL. Proof of the same is required
34. Undertaking that member/director(s) does not appear in the list of
companies/directors debarred by SEBI and if any disciplinary action such as
suspension or cancellation taken by the Board.
35. Kindly find below enclosed checklist for Capital Market Segment Enablement
documents to be submitted.

cm_enable_checklist.
xls