“Details of regulatory action taken or initiated or pending, if any, against the applicant or group or associate entities or promoters or directors or key personnel or principal officer of the applicant company in India or abroad (is required),” Sebi said while giving format for application.

The market regulator also asked the intermediaries to furnished details of registrations of the company and its group or associate entities in India and abroad.

They would also have to disclose their net worth and names of promoters or directors and any fee remaining unpaid to Sebi by the applicant or associates or its sub brokers.

“In order to streamline the entire process, a format has now been devised so that the intermediaries send all the relevant information at the time of application itself. This will enable Sebi to process the applications expeditiously,” the market regulator said.