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| You are here : Membership > FAQs |
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 Who can apply for Trading Membership ? |
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Corporates,Partnership Firms, Individuals and other entities permitted by SEBI from time to time can apply for Trading Membership.
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| What is the minimum Networth requirement ? |
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Corporate Trading Members – 10 Lakhs
Partnership Trading Members - 08 Lakhs
Individual Trading Members - 04 Lakhs
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| If I am sub – broker of ISE Ltd., is it compulsory for me to terminate the sub – brokership ? |
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It is not compulsory for the applicant to cancel the sub – brokership while applying for
Trading Membership at ISE Ltd. Please note that the sub – brokership will have to be cancelled
before commencement of business and the Trading Member will have to give an undertaking before
the documents are forwarded to SEBI that he will not commence business until cancellation of sub – brokership.
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| Is it compulsory to have an office in Mumbai ? |
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No it is not mandated to have an office in Mumbai.
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| What is the total cost for obtaining the Trading Membership Right at ISE Ltd. ? |
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| Sr. No. |
Particulars |
Amount |
| 1 |
Security Deposit (Refundable) |
Rs. 3,00,000/- |
| 2 |
Base Minimum Capital (Refundable) |
Rs. 1,00,000/- |
| 3 |
Admission fees + Applicable Service Tax (Non Refundable) |
Rs. 50,000/- |
| 4 |
Processing Fes + Applicable Service Tax (Non Refundable) |
Rs. 10,000/- |
| 5 |
*Annual Fees + Applicable Service Tax (Non Refundable) |
Rs. 12,500/- |
| 6 |
Contribution towards Settlement Guarantee Fund (Non Re fundable) |
Rs. 5,000/- |
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* Every member shall pay annual fees every financial year after getting
registration as Trading Member of ISE.
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| Is there any lock-in period on the deposit ? |
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No, there is no lock–in period on the deposit.
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