Authorised Clerks

he authorized clerks or assistants are persons authorized to transact business on behalf of their member-employers. They cannot make any bargain in their own name. They can sign on behalf of their employers only when they carry a power of attorney from them. Various stock exchanges permit their members to employ a certain number of clerks or assistants to help them in their work, who are usually, issued identity cards. While a remisier acts on behalf of the members with non-members, an authorized clerk acts on behalf of the members who have employed them with other members. In the Madras Stock Exchanges, the clerk are called ‘member assistants.’