MIRSD deals with registration of the following intermediaries a. Stock Brokers
b. Depository Participants
c. Merchant Bankers
d. Registrar to an Issue and Share Transfer Agents
e. Credit Rating Agency
f. Debenture Trustees
h. Bankers to an Issue
i. KYC Registration Agencies (KRAs)
Of these, the applications for stock brokers and depository participants are received through Exchanges and Depositories. However, applications for all other intermediaries are made by the intermediary itself directly to SEBI which are examined by MIRSD. Thus, MIRSD Intermediary (Direct) refers to any of the intermediaries mentioned from (‘c’ to ‘i’).
An entity applying for new registration as a MIRSD Intermediary (Direct), except for KRAs, needs to apply online through SEBI Intermediary Portal (“SI Portal”). Applications for KRAs shall be received offline.
Direct link for the same is https://siportal.sebi.gov.in/intermediary/index.html
Yes, kindly read the User Manual for the same.
An entity which is not registered with SEBI under any capacity and desirous of becoming registered as one of the MIRSD Intermediary (Direct) has to use the Self-Registration tab to enter basic information and pay the application fees.
Once the payment has been confirmed, the applicant will get login and password to login in the Registration Login.
No, Self-registration tab is only for non-SEBI registered entities. In case a SEBI registered intermediary does not have a login id and password, kindly send a request to email@example.com and /or firstname.lastname@example.org to provide you with the login id and also make a mention of your SEBI registration number.
No, the application fees are non-refundable.
The entity after entering the details shall be directed towards the payment gateway. Thereare 2 modes of payment that can be used to pay fees on the SI Portal.
Select “DD” and add the details of the same in the fields so provided. Click on to the add button and the details should be saved in the application. Once the same are saved, please press the submit button and an application number will be generated. On successful submission of the application, you should be getting a message to that effect.
On selecting the online option and clicking on “Pay Now”, applicant will be redirected to the payment gateway.
There are 3 modes of Payment here:
i. Debit Card/Debit Card + ATM PIN: applicant has to enter the card details and ATM PIN (or) OTP depending on the option selected.
ii. Internet Banking: applicant can login to internet banking through Payment Gateway and pay the fees
iii. NEFT/RTGS: Upon selecting this option, a challan will be generated with the instructions for payment (screenshot attached). Applicant has to approach their branch and pay the fees within 2 days.
The login id is issued once the payment has been confirmed. Hence, the login id is received much faster when payments are made through NEFT or Online Transfer as compared to Demand Drafts.