How An Authorised Partner is Registered?

Published on December 24, 2025 | 3 min read

Planning to become an Authorised Partner (AP) in the share market? Then one must obtain a certificate of registration from the market regulator, Securities Exchange Board of India (SEBI). Most broking firms work on an authorised partner franchise model to expand the business and acquire clients. So, APs are directly associated with broking firms but to operate as an AP, registration with SEBI is important. Here’s a guide to understand the process, document requirements, and fees required to get registered as an AP.

Who is an Authorised Partner?

An authorised partner or an authorised person is an individual or a firm acting as an agent of stockbrokers. Their work is to bring new clients, facilitate buy/sell trade and provide guidance to new investors. However, they do not directly deal with clients' funds or shares kept in demat accounts.

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An Authorised Partner works completely under the supervision of SEBI-registered brokers to earn commissions for their services.

Who Can Be an Authorised Partner?

Anyone who is interested in the stock market and has a basic understanding of how brokerage businesses operate can be an AP. Some important skills required to succeed:

Knowledge of stock market terminologies.
Good communication and negotiation skills.
Good at sales and convincing clients.

Authorised Partner Enrollment

As per exchange rules, all SEBI-registered stock brokerage houses must sign a legal contract with Authorised Partners. This contract will provide details about their rights and responsibilities related to registration and functions.

Brokerage firms that onboard APs need to ensure that they meet the registration criteria and eligibility conditions. The registration forms are usually available on the brokerage websites. APs can check and complete the process online.

Process of Authorised Partner Registration

The process of Authorised Partner registration is not very complex, but all the steps must be followed for successful registration:

A trading member willing to enroll as an Authorised Partner shall apply online by visiting the Authorised Person Master and clicking “Fresh” to register a new member.
Submit the physical documents mentioned by SEBI, within seven days of applying, else the application will be rejected.
The member will receive a notification to keep ₹2000 available on the Exchange Dues Account, to be deducted as an application fee.
If any deficiency is found in the application, it will be sent back to the trading member to review and resubmit.
When everything is correct and the application is processed, the exchange will notify the trading member and collect the SEBI registration of ₹2000 by debiting the Exchange dues account.
In the final step, the member will be recognised by the Stakeholders Relationship Committee (SRC). Then, the Authorised Partner registration certificate will be issued by SEBI, in which the registration number and date are mentioned.

Documents Required For Authorised Partner

All the necessary supportive documents will ensure the smooth completion of the process. Here is a list of documents that need to be submitted, along with the application form.

Address Proof

Valid address proof accepted by SEBI: Latest electricity bill, telephone bill, passport, driving licence or latest bank statement.

Proof of experience

If the authorised person's qualification is less than high school (class 10), then proof of a relevant experience certificate in the finance industry is required.

The Indian stock market, which is well-regulated by SEBI, to perform any form of business associated with markets, proper registration is mandatory. Without legal registration, the business generated from the market is not legal.

Authorsied parters are agents works under the broker's umbrella, so the registration of APs is crucial to confirm the integrity and maintain transparency in the markets.

About Author

Subhasish Mandal

Sub-Editor

finance professional with strong expertise in stock market and personal finance writing, he excels at breaking down complex financial concepts into simple, actionable insights. Holding a Master’s degree in Commerce, he combines academic depth with practical knowledge of technical analysis and derivatives.

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About Upstox

Upstox is a leading Indian financial services company that offers online trading and investment services in stocks, commodities, currencies, mutual funds, and more. Founded in 2009 and headquartered in Mumbai, Upstox is backed by prominent investors including Ratan Tata, Tiger Global, and Kalaari Capital. It operates under RKSV Securities and is registered with SEBI, NSE, BSE, and other regulatory bodies, ensuring secure and compliant trading experiences.