Members have to fulfil certain requirements and provide collateral deposits to the Clearing Corporation. All collateral deposits are segregated into cash component and non-cash component. Cash component means cash, bank guarantee, fixed deposit receipts, Treasury bills and dated government securities. Non-cash component mean all other forms of collateral like approved demat securities
These Authorized Persons cannot collect any commission or any amount directly from the clients they introduce to the trading member who appointed him. However they can receive a commission or any such amount from the trading member who appointed them as provided under regulation.
All exchanges also have supervision mechanisms for the functioning of this department/ cell. These include the Investor Service Committees (ISC) consisting of Exchange officials and independent experts whose nomination is approved by Securities and Exchange Board of India\
SEBI's web based complaints redressal system is called SCORES (Sebi COmplaints REdress System). SCORES is a centralized grievance management system with tracking
mechanism to know the latest updates and time taken for resolution.
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