After NSE, BSE says one person company can act as stock broker
Bombay Stock Exchange (BSE) today cleared as ‘one person company’ (OPC) can act as a stock broker provided the entity has at least two directors. However, such broker will not be permitted to trade in his proprietary account.
“One Person Company, as permitted under the Companies Act, 2013, is eligible to be registered as a stock broker, provided it satisfies the condition of minimum two directors, as stipulated under… the Securities Contract (Regulation) Rules, 1957,” BSE said in a circular.
Further, OPCs can register as sub-brokers too.