NSE has issued a detailed user manual circular requiring all stock broker members to submit their Half Yearly Networth Certificate as on March 31, 2026, through the ENIT (Exchange Network for Information & Technology) portal. The process involves collaboration between the member and their registered auditor, with the auditor entering networth details, digitally signing the certificate, and the member verifying and submitting to the Exchange.

Key Points

• Members must register their auditor on the ENIT Member Portal before submission can begin
• Auditors must possess a valid Digital Signature Certificate (DSC) as a prerequisite
• The auditor logs into ENIT, fills in networth details, downloads the system-generated certificate template, applies their digital signature, and uploads it
• The auditor submits the request to the member for verification; an automated email notification is sent to the member
• The member must thoroughly verify the auditor’s submission before final submission to the Exchange
• The circular covers three methods: Chapter X of SEBI (Stock Brokers) Regulations 2026 method, Auditor method, and RBI Method

Regulatory Changes

This circular references compliance under Chapter X of SEBI (Stock Brokers) Regulations, 2026. The submission process is governed by the updated SEBI (Stock Brokers) Regulations framework and requires adherence to the ENIT portal workflow for half-yearly networth certification.

Compliance Requirements

• Stock broker members must create an auditor login on the ENIT Member Portal (https://enit.nseindia.com/MemberPortal/)
• Auditor must be registered and granted access to the ‘New Half Yearly Networth Submission’ module under ENIT-Compliance
• Auditor must fill in all required networth details, e-sign the system-generated certificate template, and submit to the member for review
• Member must verify all details submitted by the auditor and submit the final declaration to the Exchange
• Both member and auditor must have valid login credentials and the auditor must have a Digital Signature

Important Dates

• Reference date for networth certificate: March 31, 2026
• Submission deadline: Not explicitly stated in the circular content provided; members should refer to the Exchange’s compliance calendar for the exact due date

Impact Assessment

This circular impacts all NSE registered stock broker members who are required to submit half-yearly networth certificates. The procedural change introduces a structured ENIT portal-based workflow that digitizes and formalizes the submission process. Members need to ensure their auditors are pre-registered on the portal with valid digital signatures to avoid delays. No direct market or trading impact; operational compliance burden is moderate, primarily affecting back-office and compliance teams of broking firms.