Total Surrender of Membership - Three Trading Members

Description

NSE has approved total surrender of membership for three trading members: HR Finance & Investments, RSG Share & Stock Brokers Ltd., and Fortune Capital Market, effective April 29, 2026.

Summary

NSE has approved the total surrender of membership for three trading members effective April 29, 2026. The affected members are HR Finance & Investments, RSG Share & Stock Brokers Ltd., and Fortune Capital Market. All NSE members are notified to take note of these changes.

Key Points

• Three trading members have surrendered their NSE membership with exchange approval
• Surrender approval date for all three members is April 29, 2026
• Last trade dates vary significantly, with RSG Share & Stock Brokers having ceased trading as far back as November 2020
• Circular issued by the Compliance Department (Ref No: NSE/COMP/73982)

Regulatory Changes

No new regulatory changes introduced. This circular is an administrative notification of approved membership surrenders under existing membership surrender procedures.

Compliance Requirements

All NSE members are requested to take note of the surrender of membership of the following entities:

• HR Finance & Investments (SEBI Reg: INZ000249526)
• RSG Share & Stock Brokers Ltd. (SEBI Reg: INB230814535)
• Fortune Capital Market (SEBI Reg: INZ000278225)

Members should ensure they do not route trades through or rely on these entities for any exchange-related activities post their surrender approval dates.

Important Dates

Impact Assessment

Minimal market impact expected. The three surrendering members appear to have been largely inactive, with RSG Share & Stock Brokers last trading in November 2020 and the others in 2025. This is a routine administrative action with no systemic implications for market operations or other participants.

Impact Justification

Administrative circular regarding membership surrender of three small trading members with no broad market impact.