Become a 5paisa Authorised Person (AP)

Yes, 5paisa supports authorised person registration.

a. Submit Application Form:
Fill out the Authorised Person registration form provided by 5paisa and our team will get in touch with you for the necessary documents.

b. Verification by 5paisa:
Our team verifies your documents and forwards the application to the stock exchange (NSE/BSE/MCX).

c. Exchange Processing:
The exchange (e.g., NSE/BSE/MCX) conducts background checks and due diligence.

d. Final Approval & Code Allotment:
After approval, you receive an AP Registration Code from the exchange and you can then officially start working as an Authorised Person with 5paisa.

Type Of Constitution : Individual, Partnership Firm, LLP or Body Corporate

Eligibility Criteria for Individuals
1. Should be a citizen of India.
2. Should not be less than 18 years of age.
3. Should not have been convicted of any offence involving fraud and dishonesty.
4. Should have good reputation and character.
5. Should have passed at least 10th standard or equivalent examination from an institution recognized by the Government.
6. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member.

Eligibility Criteria for a Partnership Firm, LLP or Body Corporate
1. All the partners and directors, as the case may be, must comply with the eligibility criteria for individuals given above.
2. The Object Clause of the Partnership Deed and the Memorandum of Association must contain a clause permitting the person to deal in securities business.
3. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member.

For more details, write to us at proclub@5paisa.com. 

Typically, it takes 10–15 working days after document submission and exchange approval considering all your submitted documents are compliant with requirements. 

Registration charges are as per exchange rules. 5paisa does not charge any fees.

A sub broker or an authorised person is an intermediary who assists clients in trading through a registered stockbroker.