Master Circular on 'Account Opening' - Version 1 - NSDL

6.3 If the application is not in order the Participant will return the applicationto the CM for rectification.6.4 The CM will submit the following documents to the Participant (new):(a)(b)(c)(d)(e)Application for opening a CM account (as mentioned in point no.6.2.1)Letter from Clearing Corporation/Stock Exchange regardingallotment of CC-CM-ID signed by its authorised official.Application for shifting of clearing account (as per the below givenformat)Acknowledgement copy (signed & stamped by the authorisedofficial) of the application for closure of the account from theprevious Participant.Copy of the latest SEBI registration certificate (not applicable forCMs of Commodity Exchanges).6.5 Participant should verify the completeness of the account opening formand verify the copies submitted with the original documents.(a)(b)(c)(d)If the application is not in order the Participant will return theapplication to the CM for rectification.If the application is in order, the Participant (new) will execute theagreement and give a copy of it to the CM.The Participant (new) will forward the copy of the account openingform along with the above mentioned documents to NSDL. All thedocuments should be verified with its original and a stamp "Verifiedwith Original" should be put on the same alongwith the name,designation and signature of compliance officer. NSDL will allot theClearing Member a new CM-BP-ID.The Participant (new) will open the clearing account after the newCM-BP-ID is downloaded to its DPM System and intimate NSDLabout opening of the account and the date from which pay out is67