SECC Regulations

EZ Wealth operates through a SEBI‑registered broker and depository participant, which are governed by various SEBI, exchange and depository regulations, including the Securities Contracts (Regulation) Act, SEBI (Stock Brokers) Regulations and SECC regulations issued to clearing corporations.

• Clients should carefully read the "Rights and Obligations" and "Risk Disclosure Document" shared during account opening and available on the website.

• Contract notes, margin statements and other communications are sent in compliance with applicable regulations and should be reviewed regularly.

• Investors have the right to raise grievances with the broker, exchanges and SEBI if they observe any non‑compliance.

• Under the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, no person can directly or indirectly acquire or hold equity shares or voting rights in a recognised stock exchange or recognised clearing corporation unless they are a fit and proper person.

• Persons acquiring or holding more than prescribed shareholding limits (generally 5% and above) in a recognised stock exchange or clearing corporation must obtain prior SEBI approval and file declarations on an annual basis if they hold 2% or more.

• "Fit and proper" broadly requires a good reputation and integrity (financial integrity, good character and honesty) and the absence of disqualifications such as conviction for economic offences / securities law violations, insolvency, winding‑up orders, SEBI debarment / prohibition orders (within a cooling‑off period), pending recovery proceedings, wilful default or any other SEBI‑specified disqualification.

• Shareholders, directors or key management personnel who cease to be fit and proper must be replaced within thirty days, failing which SEBI may invoke fit and proper criteria against the exchange / clearing corporation itself. SEBI's decision on whether a person is fit and proper is final.

• Under SEBI (Depositories and Participants) Regulations, 2018, similar "fit and proper" requirements apply to depositories, their shareholders, directors and key management personnel. No person can acquire or hold equity shares or voting rights in a depository (beyond specified limits) without satisfying this criteria and obtaining SEBI's prior approval for higher shareholdings.

• Depositories must monitor shareholding limits on a continuous basis and ensure that persons holding 2% or more of the paid‑up capital file annual declarations confirming they remain fit and proper.

• The disqualifications for being fit and proper include conviction for economic or securities law offences, winding‑up / insolvency, SEBI prohibition / debarment orders within cooling‑off periods, pending SEBI recovery proceedings, being financially unsound or categorised as a wilful defaulter, or any other SEBI‑specified disqualification. Additional checks include that relevant individuals are not of unsound mind, not declared fugitive economic offenders and not convicted of offences involving moral turpitude.

• If any director or key management person of a depository is not fit and proper, they must be replaced within thirty days, failing which fit and proper criteria may be invoked against the depository. SEBI may also take into account orders passed by other regulatory authorities and its decision on the fit and proper status is final.