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(On the letter head of the Member)
CHANGE IN DESIGNATED DIRECTOR/S
Instructon for Submission & flling‐up documents (for Member’s reference only):
STAGE – 1: Submission of Documents for prior approval of the Exchange
Document Particulars Compliance
Ref. No. (Yes / No /
NA)
CDD-1 Application for change in Designated Director(s) of the company due to Resignation /
Appointment / Re-designation
a) For being appointed as a Designated Director, a person should not be less than 21 years
of age.
CDD-2 Board Resolution(s), as applicable
1. CDD-2(a): Suggested format of Board Resolution for Resignation as DIRECTOR
(additional / Whole Time / Managing etc.)
2. CDD-2(b): Suggested format of Board Resolution for Resignation as DESIGNATED
DIRECTOR
3. CDD-2(c): Suggested format of Board Resolution for Appointment as DESIGNATED
DIRECTOR
4. CDD-2(e): Suggested format of Board Resolution for Re-designation from Non –
Designated Director to Designated Director
5. CDD-2(f): Suggested format of Board Resolution for Re-designation from Designated
Director to Non – Designated Director
CDD- 3 Certified* PAN Card copy of Incoming Designated Director(s)
*Self-certified copy / Authorised signatory certified
CDD-4 Proof of Address of Incoming Designated Director
*Self-certified copy / Authorised signatory certified
a) List of valid address proof (any one):
i. a)Copy of Aadhaar Card and;
b)Aadhaar consent as per the format stated at Annexure 4a(i).
ii. Copy of valid Passport
iii. Copy of Voter ID
iv. Copy of any utility service like telephone, gas, electricity, etc. depicting the address
of the premises in the name of the owner or document, as the case may be, which is
not older than two months.
v. Bank statement / passbook (With entries not older than two months) duly signed
and stamped by bank official with his code no, name and branch along with the sign
and stamp of the continuing designated director.
CDD-5 Proof of Experience of Incoming Designated Director / Bio data of the Incoming
Designated Director
(Minimum two years as provided under the sub rule (4A) and Rule 8 of Securities
Contracts (Regulation) Rules, 1957)
a) Experience Certificate submitted is on the Letterhead of the Issuing Entity
b) Note:
1. The incoming Designated Director shall have capital market experience of at least
two years with any of the following entities in the capacity as director / portfolio
manager / investment consultant / employee:
• Stock Broker (previous / present experience)
• Sub-broker/Authorised Person / Remiser
• Asset Management Company
(On the letter head of the Member)
Document Particulars Compliance
Ref. No. (Yes / No /
NA)
• Merchant Banker
• IOSCO affiliated foreign entity
• Mutual Fund
• Authorised agent or authorised clerk or authorised representative or apprentice
to a member of a recognised stock exchange, dealer, jobber or market maker
• Bankers – In case banks are applying for currency derivatives segment or the
wholly owned subsidiary of Banks are applying for membership across segments,
the experience letter issued by the bank may be considered
• Experience in dealing in securities market for a period of at least 2 years as a
client / investor. Experience letter from stock broker or a self certified letter by
incoming designated director in this regard shall be submitted alongwith the
relevant supporting documents viz. contract notes, demat statement & ledger.
CDD-6 Proof of Educational Qualification:
a) Educational Qualification to be at least / minimum HSC or equivalent
b) Certified copy by C.A / CS.
c) In case, proof of educational qualification is in a different name, proof of name change i.e
(marriage certificate / passport in new name / Affidavit) duly signed by continuing
Designated Director needs to be submitted.
CDD-7 Standard Undertaking
a) If yes is mentioned in any of the points of standard undertaking, then details are
mentioned in “Annexure to Undertaking”
b) Each page of standard undertaking has to stamped and signed.
c) In case there is no change in the details of the undertaking please submit the certified
true copy of the Undertaking not older than 3 months (*certified by Authorised
Signatory)
CDD-8A Details of Directors (before change)
a) To be submitted in the specified format, duly certified by a Chartered Accountant /
Company Secretary in Practice, only if there are changes since the last approval the
Exchange / Clearing Corporation and present details of directors.
b) In case of no changes from the last approved details of directors, submit the certified
copies (by continuing Designated Director / Authorised Signatory (ies) (as authorized by
Board Resolution) under rubber stamp).
c) Date should not be later than the date of the earliest Board Resolution for change in
director.
CDD-8B(i) Details of Directors (with proposed changes)
a) To be signed by Designated Director(s) / Authorised Signatory (ies) (as authorized by
Board Resolution) under rubber stamp of company for proposed changes.
Note: Certfcaton by Chartered Accountant / Company Secretary in Practce is not
required for proposed changes
b) Shareholding and Promoter details should match with the last shareholding pattern as
approved by the Exchange.
CDD-9 Undertaking (for Incoming Designated Director(s))
a) The same is certified by one of the continuing designated director and by newly
appointed designated director.
b) All details are mentioned in the undertaking are complete in all respects
(On the letter head of the Member)
Document Particulars Compliance
Ref. No. (Yes / No /
NA)
c) If any point is answered as “Yes”, a separate sheet is submitted giving details, duly signed
by the Incoming and continuing designated director
CDD-10 Resignation letter of the outgoing Designated Director
(Death Certificate in case of death of Designated Director)
CDD-11 Consent Letter of incoming Designated Director
CDD-12 PEP Undertaking
CDD-13 Details of Shareholding and Directorship of Directors in other entities
CDD-14 Cheque/Demand Draft No______ amounting to Rs.1,180/-(inclusive 18% G.S.T.) payable
in Mumbai in favour of Metropolitan Stock Exchange of India Limited towards processing
fees for each change in designated directors (Each change means each appointment /
resignation / re-designation in the application)
Online Payment of fees can also be made in the following bank account:
HDFC BANK LTD, FORT, Mumbai, IFSC Code: HDFC0000060, A/c. No. 00990680013757
NOTE-1 If any document, proof or affidavit is submitted in regional language apart from English
and Hindi, the translated copy duly notarized by the notary is submitted.
NOTE 2 - Updation/uploading of Exchange (as applicable) Portal- Member has to update the proposed
changes.
STAGE – 2: Submission of Documents for effecting the change in designated director/s in records of the Exchange,
post approval of the Exchange for Stage 1:
1. Letter duly signed by Designated Director / Authorised Signatory confirming implementation Yes / No
of proposed change(s) in Director(s) / Designated Director(s)- as approved by the Exchange /
Clearing Corporation.
CDD Details of Directors after implementation of the proposal as per the specified format, duly Yes / No
– signed by Designated Director/Authorised Signatory of the company under the rubber stamp
8B(ii) along with the certification of Chartered Accountant / Company Secretary in practice.
Other Documents: Yes / No
a) Copy of e-form DIR -12, MBP-1, DIR-8, DIR-2 filed with the Registrar of Companies (duly signed Yes / No
by continuing designated director / Authorised Signatory)
b) In case, the outgoing Designated Director was also acting in the capacity of Designated Yes / No
Director / Principal Officer for FIU-India / under PMLA guidelines, the copy of intimation made
for appointment of new Designated Director / Principal Officer for FIU-India / under PMLA
guidelines should be submitted.
c) Other documents (if any) as mentioned in the NOC issued by the Exchange for prior approval of Yes / No
change in designated directors.
d) Changes made in Exchange Portal for Change in Directors / Authorised Signatory / Principal Yes / No
Officer – FIU-IND / Designated Director –FIU – IND / Contact Person Name/ KMPs.
CDD-1
Application for Changes in Designated Director(s)
(On the letter head of the Member)
Date: ___________
To,
Membership Department
Metropolitan Stock Exchange of India Limited,
205A, 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction,
L.B.S Road, Kurla West, Mumbai - 400 070
Sub: Change in Designated Director(s)
Ref : SEBI Registration No. INZ_____________
Other Membership details :
Member ID Name of the Exchange / Clearing Corporation / Depositories
We, __________________________ (Name of the Member), hereby seek your prior - approval / post –
facto approval for change in designated director(s) as per the details given below:
Sr. Particulars of Changes Name of the Director Applicable Proposed /
No. (Yes / No / Post-facto*
NA)
1 Appointment of Designated Director
2 Resignation of Designated Director**
3 Re-designation from Designated Director to
Non-Designated Director
4 Re-designation from Non-Designated
Director to Designated Director
* Post-facto changes are the changes already effected by the member at MCA without obtaining prior approval from
the Exchange / Clearing Corporation. It should be noted that, post facto changes carried out by the member shall
attract penalty / disciplinary actions as specified in Circulars issued by Exchange(s) / Clearing Corporation(s) from time
to time.
** Reason for Resignation of Designated Director(s) : _____________________________________.
Further, we confirm that:
1. The incoming designated director(s) does not have interest in any other membership of the Exchange in
the capacity of Proprietor / Managing Partner / Designated Partner / Designated Director in any other
membership of the Exchange.
2. The Incoming designated director is not an Authorised Person of any member of the Exchange.
3. The applied change does not affect the requirement of minimum two designated directors in the
Member Entity at any given point of time.
4. Change in director(s) is not accompanied with change in shareholding pattern and/or change in control.
(if there is any change in shareholding pattern and / or change in control, then please make separate
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