Surrender of Membership

The member desirous for surrendering their Membership would be required to apply for the same along with the below mentioned documents. Rs. 10,000 will be recovered from the member towards cost of issue notice to the public by way of an advertisement in newspapers.
 
Application for surrender of membership  
Undertaking for stamp duty  
Cancellation of User ID (Cancellation of User ID’S to be submitted for each of the existing User ID’S)  
NOC from clearing member ( applicable only for Trading members)  
Cancellation of Registration of Authorized Person ( applicable only if Authorized Person is registered with Exchange)  
Original Membership Certificate  
Additional Documents in case of Non Individual member
- Board Resolution for surrender of membership / Authorization letter for surrender of membership      
- Latest details of directors / partners( as per the format applicable for annual return)    
- Latest shareholding pattern / sharing pattern( as per the format applicable for annual return)   
- Latest details of DPG ( as per the format applicable for annual return)
Note: Annual return formats are specified under: http://www.aceindia.com/membership/compliance