Ghana - Apply for a Brokers or Dealers License

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Procedure

Apply In-Person:

1. To Apply for Brokers/Dealers License in Ghana, the applicant has to approach the Securities and Exchange Commission, Ghana.
2. Address and contact details can be found in the following Contact link
3. An application form was provided to the applicant by the authorized officer.
4. Applicant has to fill in all the necessary details in the application form.
5. Applicant must make sure to carry documents that are listed under “Required Documents” section of this page (Both photocopies and originals).
6. Payment of appropriate fees should be made and that can be found under the "Fees" section of this page.
7. Submit the completed application form and pay the required application fee and submit the receipt as proof of payment.
8. After submitting the applications, the officer advices to pay the appropriate fees for the license.
9. On completion of this process, the Authority will notify the applicant on any outstanding issues 14 working days after lodging an application and if there are no issues, the Authority will issue to the applicant a license within 25 working days.

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Required Documents

• Completed application form
• Certificate of incorporation
• Identity & Residential Proof.
• 2 Passport size photo.
• Letter of Consent from the Manufacturer who wish to appoint you as a Dealer
• Manufacturing License if you intend to import weights & measures from outside the State.
• Model Approval Certificate of weights and measures to be deal with.
• GST Registration / Professional Tax / Labor License.
• Trade License from respective ADC in case of Non-Tribal as per area requirement.
• Authenticated document regarding Proprietorship
• Premises - ownership documents/ registered rent or leave license agreement or lease agreement NOC from the owner / NOC of the member if the premise is owned by family member.
• Machinery, tools and equipment list
• PAN card
• Self-declaration about whether the Applicant has violated any of the provisions of Legal Metrology Act, 2009 or rules made there under.
• Latest electricity bill.
• A declaration by persons authorized as prescribed to accompany the application form

Office Locations & Contacts

Securities and Exchange Commission, Ghana
Government office,
Address: 30 Third Circular Rd, Accra, Ghana
HRMJ+MV Accra, Ghana
Contact number: +233302768970
Location link
Website Link

Eligibility

• Applicant should be the citizen of Ghana.
• Age limit 18 years and above.
• An individual or a company registered under government act is eligible to apply.

Fees

• A Fee for the procedure has to be paid as per the authority request.

Validity

• The license granted shall remain valid unless suspended or revoked by the Authority.

Documents to Use

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Sample Documents

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Processing Time

• Processing time for obtain fund manager license is up to 20 to 25 working days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• The Authority may require an applicant to supply such further information as it considers necessary in relation to the application.
• A license is only be granted if the applicant meets and continues to meet such minimum financial and other requirements as may be prescribed by the Authority.
• The Authority may grant a license to such conditions or restrictions as it thinks fit and the Authority may, at any time by written notice to a license holder, vary any condition or restriction or impose further conditions or restrictions.

Required Information

• Name of company
• Registered office
• Date of incorporation
• Address
• Email
• Location, address and telephone number of principal offices.
• Location, address and telephone number of branch offices
• Details of capital structure
• Directors
• Particulars of other directorship(s) of the directors and secretary.
• Particulars of shares held by directors or secretary in other companies
• Business references
• Profile of the chief executive and key employees in the applicant company
• List the office facilities of the applicant

Need for the Document

• The Department issues dealership license for dealing in weighing & measuring instruments.
• Dealership activity with respect to weights and measure without this license is punishable. So, one has to follow the steps as explained in this procedure to obtain one.
• Stock brokers are licensed professionals who advise clients and manage client investments. They perform such tasks as purchasing and selling stocks, bonds and other securities.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

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