How to become a stock broker in india?

Eligibility and other important details:-

An individual, a firm or a corporate can become a trading member(broker) of a stock exchange
Minimum age shall be 21 for individuals and partners/directors of firms/corporates
Individual/Partners/Directors must be at least graduates
Should have a minimum of 2 years experience in an activity related to dealing in securities or as portfolio manager or as investment consultant or as a merchant banker or in financial services or treasury, broker, sub broker, dealer, authorised agent or authorised clerk or authorised representative of a recognised stock exchange
For membership at the National Stock Exchange, a minimum paid up equity capital of Rs.30 lakhs is required for corporates.
Application form for membership at NSE is available from this link. Instructions for filling are also available at the web site.
It is to be noted here that those who want to become brokers
Should not have defaulted in a stock exchange
Should not have become bankrupt
Should not have been involved in fraud, dishonesty, etc.
The applicant shall also pay an interest free security deposit for cash, futures & options and wholesale debt market segments separately. For Cash/F & O segment trading the deposit is Rs.125 lakhs. Visit this link for other segments.
Once the application is received by the exchange, the membership is granted after due scrutiny and the process is given below.
Interactive session with Membership Recommendation Committee
Approval by Membership Approval Committee / Board
Offer letter of provisional membership of Exchange
Submission of documents for SEBI registration by applicant
Receipt of SEBI certificate
Enablement on the Exchange
Please note that this is the procedure for NSE. For other exchanges, respective web sites may be visited.
Once the membership is given, the broker must comply with the rules and regulations of the exchange by providing documents like audited accounts, insurance policies, networth certificates, shareholding pattern details etc.
The membership could be transferred to another person or a firm subject to the rules of the exchange. Members could be suspended/penalized/warned/expelled for misconduct, unprofessionalism, failure to pay margin money, etc.
The following institutes in India offer educational programmes on capital markets:
Bombay Stock Exchange Training Institute, Mumbai
National Stock Exchange of India, Mumbai
Institute of Financial and Investment Planning, Mumbai
All India Centre for Capital Market Studies, Nasik
Institute of Chartered Financial Analysts of India, Hyderabad
Institute of Cpital Market Development, New Delhi
Institute of Company Secretaries of India, New Delhi