New Deposit Based Memberships of BSE

Terms and Conditions:

Bombay Stock Exchange Ltd. ( BSE) is admitting Deposit Based Memberships (Trading Memberships) on its "Cash Segment".. BSE invites applications from all over the country against a deposit of Rs. 100,00,000 (Rupees One hundred lakhs only). The successful applicants would also be subsequently eligible for F & O Trading Membership (applications to be made separately for the same).

Persons desirous to apply for Trading Membership of the "Cash Segment" of BSE may send their applications in writing in a sealed envelop marked "Offer for Deposit Based Membership" and addressed to the Managing Director & CEO, Bombay Stock Exchange Limited, 25th Floor, P.J. Towers, Dalal Street, Mumbai 400 001.

The applicants must note the following terms and conditions:

1. The Trading Member has only trading rights and no ownership rights of BSE Ltd.


2. The applications should be complete in the prescribed formats and in all respects.


3. The specimen of the application form as well as the other material including the terms and conditions and salient features of the Trading Membership are available with the Publications Department on Ground Floor of BSE or can be downloaded from the BSE website. www.bseindia.com/dbm.asp . The Rules, Bye-Laws & Regulations of BSE can also be downloaded from the web site http://www.bseindia.com/about/downloads.asp .


4. The application form in the prescribed format, complete in all respects should be accompanied by a Demand Draft/Pay Order for Rs. 5 lakhs (Rupees Five lakhs only) drawn in favor of "Bombay Stock Exchange Limited" towards earnest money deposit on which no interest will be payable.


5. The earnest money deposit of Rs. 5 lakhs (Rupees Five lakhs only) will be refunded (without interest) to the unsuccessful applicants.


6. Applications can be made by individuals and corporates who are eligible to become a Trading Member of BSE in accordance with the Rules, Bye-Laws & Regulations of BSE and subject to such terms and conditions as decided by BSE from time to time.


7. The successful applicants whose offers are accepted by BSE will be required to pay the balance amount of the deposit within two months from the date of receipt of the letter of acceptance of offer of the person / corporate for Trading Membership of BSE .


8. BSE will be entitled, at its sole discretion, to forfeit the Earnest Money Deposit, if the successful applicants fail to pay the balance amount within the stipulated time. The Earnest Money Deposit of Rs. 5 lakhs (Rupees Five lakhs only) is also liable to be forfeited by BSE , at its sole discretion, if the successful candidate fails to complete the necessary formalities to the satisfaction of BSE within the stipulated time.


9. The deposit of the Trading Members will be subject to a Lock - in period of three years. Any Trading Member desiring to withdraw his Trading Membership after such lock in period of three years or at any point thereafter will have to give a one-year notice to that effect to BSE.


10. In addition to the aforesaid amount of Rs.100 lakhs (interest-free deposit), the Trading Member has to pay the following amounts:


1. Base minimum Capital - Rs.10,00,000

2. Trade Guarantee Fund - Rs.10,00,000

3. Admission Fees (non-refundable) - Rs. 2,50,000/- + Service Tax (As applicable)

4. Broker Contingency Fund (non-refundable) - Rs. 2,50,000/- + Service Tax (As applicable)

5. Annual Subscription - 7000/- + Service tax (As applicable)
6. Initial Contribution towards TGF - 10000/- + Service Tax (As applicable)
7. Any other amount so required by BSE Ltd.


11. BSE will be entitled to accept the applications for Deposit Based Membership on such parameters and criteria as may be decided by BSE from time to time.


12. BSE reserves the right to reject any application without assigning any reason whatsoever.


13. The decision of BSE will be final and binding in all respects.


14. Applicants will have to ensure that the Designated Directors of the applicant company are not whole time director or in full time employment in any other company.


For any further information/clarification, interested applicants are requested to contact the following officials in Business Development and Marketing Department of BSE:

1. Mayuresh Samant: 22721233/4 Ext. 8355
E-mail: mayuresh.samant@bseindia.com

2. Manthan B. Desai: 22721233/4 Ext. 8890
E-mail: manthan.desai@bseindia.com

Information on Deposit Based Membership is also available at following BSE Investor Service Centres :

1] Kolkata : 033-22130530
2] New Delhi : 011-41510481
3] Ahmedabad : 079-27540445
4] Rajkot : 0281-5595542
5] Chennai : 044-42163999
6] Cochin : 0484-2405275