Below are the following steps for the Admission Process. Step 1 Receipt of application forms with all annexures and necessary payments. Step 2 Interview by Membership Approval Committee. Step 3 Issue of in Principle Letter. Step 4 Submit the proposal to Member and Core Settlement Guarantee Fund Committee (MCSGFC) for admitting as member. Step 5 Creation of TMlD and submission of application to SEBI for SEBI Registration. Step 6 Receipt of SEBI registration number from SEBI and complete other formalities/documentation. Step 7 Enablement of trading terminal. Step 8 Intimation about Activation to member.