Become a ChoiceAuthorised Person

Become an Authorised Person
  • Highest Revenue Sharing
  • Earn Rs 1000 Per Account Incentive*
  • Lifetime Income Source

Authorised Person Benefits

Authorised Person with Dedicated Franchise Support

Dedicated Franchise Support

Authorised Person with Timely Payouts

Timely Payouts

Advanced Software to Manage Business

Advanced Software to Manage Business

Marketing & Sales Support

Marketing & Sales Support

Local Relationship Manager Assistance

Local Relationship Manager Assistance

Training through Online & Offline Webinars

Training through Online & Offline Webinars

Authorised Person with transparent & growth-oriented business model

Cutting-edge Trading Platforms (App & Web)

Become a Choice Authorised Person

Start Authorised Person with a trustworthy partner that can help you to grow up.

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Product Offerings For Authorised Person

Choice has an extensive portfolio of product offerings backed by more than 25 years of experience. Authorised Person have the option to offer the entire range of financial products.

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Become an Authorised Person & earn through Equity and Commodity Broking

Stock Market

Become an Authorised Person & earn through Mutual Funds

Mutual Funds

Become an Authorised Person & earn through Insurance

Insurance

Become an Authorised Person & earn through retail loans

Retail Loans

Become an Authorised Person & earn through Bonds

Bonds

Become an Authorised Person & earn through Corporate FDs

Corporate FDs

Benefits Of Being An Authorised Person With Us?

As a SEBI Authorised Person, you can be a part of the well-known and respected Choice group. Register with any Stock Exchange (NSE/BSE) and be a Authorised Person in the Stock Market with a reputed brand.

750K+

Clients

95+

Local Offices

30K+

Franchises

2.6K+

Employees

How to Become a Choice Authorised Person?

Anyone who wishes to create a passive source of income.

Individual must be 18+ years old to become an Authorised Person

Individual must be 18+ years of age

Eligibility to become an Authorised Person in stock market

Growth is certain when you partner with us.

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Sub Broker Franchise Offer

See the per account incentive offer in the below table

Number of AccountsAccount with minimum Rs. 1,000 Investment & 2 transactionAccount with minimum Rs. 25,000 Investment & 2 transaction
10-99100200
100-299150400
300-1999250500
2000+4001000

FAQs about Remisier

Anyone from across India can be a Choice Authorised Person. Eligibility and qualification criteria are minimal, all we are looking for is willingness and passion.

Authorised Person can select from fixed revenue per client or Brokerage sharing options. Sky's the limit as far as earnings are concerned, since we have the entire suite of financial products and customization options.

The following documents are required to complete Authorised Person registration with us.

  • PAN Card
  • Cancelled Cheque (that captures the MICR Code)
  • Passport Size Photograph
  • Aadhaar Card
  • Income Proof

Authorised Person in Stock Market

The Securities and Exchanges Board of India (SEBI) incorporated the concept of an authorised person in the stock market in 2009. This was when the idea of capital markets was relatively new, and retail investors required assistance to access the trading platform of popular exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).

Over the years, the responsibilities of an authorised person have primarily remained the same. However, an increase in the number of Demat accounts has impacted these professionals' commissions and general earnings.

But before diving deep into the nuances of the role, it is crucial to delve into the standard definition of an authorised person and understand why stockbrokers are constantly looking to employ them.


What is an Authorised Person?

NSE defines an authorised person as a "person who is appointed as such by a trading member and who provides access to trading platform of a stock exchange as an agent of the stock broker."

The simplest authorised person meaning can be translated as 'an individual registered with a particular exchange to execute trades on behalf of an investor.'

Essentially, an authorised person does not hold power to execute trades or charge brokerage fees from investors looking to start their investment journey. However, they are recognised by SEBI to work under a stockbroker, provided a written agreement is in place.

However, the meaning of authorised person does not mean the role is only restricted to individuals. It can also be provided to organisations, provided they follow some set guidelines by SEBI.

An authorised person is only permitted to work with one stockbroker per exchange. They also require certification from the relevant exchanges. For instance, a BSE-authorised person can only work with NSE if they acquire a certificate from the latter.

Authorised persons can either work with one stockbroker who deals with various segments or collaborate with different brokers targeting different segments in the market.


What is the Authorised Person Franchise Model?

While a stock market authorised person usually works individually with different stockbrokers, they can choose to pursue a more significant business opportunity with the franchise model. This model is primarily employed by colossal broking houses, which permit authorised persons to operate under their brand name under a set of predetermined commercial terms.

Think of it as a restaurant trying to expand by awarding franchises in different locations.

Stockbrokers follow the same model. Granting franchise rights allows them to expand their visibility while helping the authorised persons to attract significant investors. These franchisees also train authorised persons in several facets of the securities and stock market, adding to their knowledge of equity trading.

Overall, working in a franchise provides individuals with the initial push they need to supplement a reliable reputation in the market. But it comes with its fair share of challenges, including a binding agreement with fixed earnings that may be lower than commissions enjoyed by authorised persons.


Who can Become an Authorised Person?

SEBI has laid down specific eligibility criteria for individuals looking to enjoy a flourishing career as authorised persons with various Indian exchanges. The principle requirements are:

  • The person must be a resident of India
  • For partnership firms, the firm must be registered under the Indian Partnership Act of 1932
  • An LLP or Limited Liability Partnership firm that is registered under the Indian Limited Liability Partnership Act, 2008
  • Corporate body recognised by the Indian Companies Act, 1956

For franchise models, individuals have to fulfil additional criteria which differ according to the stockbroker.


What is the Difference Between an Authorised Person and a Sub Broker?

More often than not, the terms authorised persons and sub brokers are used interchangeably. While the functions of these two professionals are strikingly similar, they are inherently different from each other.

The significant points of difference between authorised person and sub broker are:

  • Sub brokers are required to be licensed with SEBI to offer investment advice under the employment of stockbrokers. On the other hand, an authorised person is recognised by SEBI but does not need any certification or licence to work under stockbrokers.
  • Adherence to SEBI regulations and code of conduct decreases the flexibility of a sub broker. At the same time, an authorised person is only supervised by the stockbroker and the exchanges, leading to more liberation.
  • The responsibilities of a sub broker are limited to the equity cash market. Authorised persons can participate in equity cash, futures and derivatives, and currency derivatives.
  • Higher registration fees plague sub brokers, with standard charges of up to ₹20,000 for the first five fiscal years levied by SEBI. In comparison, authorised persons enjoy a nominal registration fee of around ₹2,000.

However, both these roles thrive on commission and cannot indulge in receiving direct payments or brokerage charges from investing parties. Hence, there is no winner in the authorised person vs sub broker debate; both possess their own merits.


What are the Duties of an Authorised Person?

Once the agreement between a stockbroker and an authorised person is confirmed, the duties of authorised person include the following:

  • Assist the existing clients of the stockbroker with investment decisions and help them recognise the opportunities in the stock market.
  • Identify and facilitate contact with potential investors looking to invest in securities and stocks and guide them through the process of creating a Demat account with the stockbroker.
  • Help investors learn about the requirements of a Demat account by advising them on relevant documents. However, an authorised person responsibility does not include document verification.

An authorised person earns a fixed commission for every trade executed by the investors they helped bring to the stockbroker. This scalable payscale is highly lucrative and can trump other income sources during high trading volumes.


Eligibility and Qualification to Become an Authorised Person

Given the nature of their role in simplifying investment decisions and helping onboard more clients for stockbrokers, the individuals applying for this role are expected to be well-versed with:

  • Financial markets, especially the intricacies of the securities and stock market. In-depth knowledge of trading, Demat accounts and the concept of analysing risks and returns to provide sound financial advice to clients.
  • Solid knowledge of global events and international markets to analyse and study the market shifts that may increase or decrease the value of a particular asset.
  • Basic computer skills since most stockbrokers employ an online platform to help investors trade from the comfort of their homes.
  • Proficiency in communication to facilitate discussions with potential investors and convince them to open a Demat account with the concerned stockbroker.
  • Minimal educational requirement, the candidate should have passed intermediate (10 +2).

Apart from these skills, stockbrokers might also require mandatory documents to confirm certain aspects of your identity.

  • PAN card
  • Aadhar card
  • Educational proof
  • Residential address proof
  • Four photographs

The documents might vary according to the stockbroker.


Steps for Registering as an Authorised Person

Unlike sub brokers, registering to become an authorised person does not involve a complex registration process to gain the SEBI licence.

On the contrary, NSE claims that a person or a firm can be qualified as an authorised person when they enter into a written agreement with a stockbroker using a form mandated by the relevant exchange. The form should entail the following:

  • Scope of the activities
  • Responsibilities
  • Confidentiality of information
  • Commission sharing
  • Termination clause

Once the agreement is completed and verified, the individual is officially recognised as an authorised person for the stockbroker.

So, if you plan to become a stockbroker, study the financial markets extensively. Once you acquire the relevant knowledge and understand the working of different segments, you can register as an authorised person with a reputed stockbroker like Choice India and earn significant commissions!