Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Table of Contents
SEBI Research Analysts Regulation defines Research Analyst as a person who is responsible for the preparation or publication of the research report content or who provides research report or gives price target or offers an opinion concerning public offer with respect to securities listed or to be listed in a stock exchange regardless of such person having the job title of research analyst and includes entities engaged in the issuance of research report or research analysis. If you register with SEBI as an individual, then the term Independent Research Analyst is used, and when you register as non-individual then the term Research Entity is used. Let’s discuss SEBI Research Analyst Registration in detail.
It refers to any written or electric communication, including research analysis or research recommendation or an opinion concerning securities or public offer which serves as a basis for investment decision.
The eligibility criteria can be categorized into the following:
In order to obtain registration, the applicant needs to have:
The research analysts registered with SEBI1 and partners of research analyst should be having a NISM certification for research analysts as required by the Board or other certification recognized by the Board. The validity of the certificate is until it is either cancelled or suspended.
Before looking at the net worth requirements, let’s understand the meaning of net worth.
Net worth refers to the aggregate value of paid-up share capital plus free reserves, not including the reserves created out of revaluation, reduced by the aggregate value of accumulated losses.
You must have a Net-worth certificate from a CA, and such certificate at the time of filing application should not be more than 6 months old.
Further, a research analyst who is an individual or partnership firm should have a net tangible assets of value more than 1 lakh rupees.
A research analyst who is a body corporate or is a LLP firm should have a net worth of not less than 25 Lakh rupees.
At the time of filing application, you will have to submit some documents also. Few of the documents are submitted with the application, and some documents may be asked for during the processing of the application. The documents required may vary from one applicant to the other. However, some common documents to be filed during application submission and processing are as follows:
While filing the application, the applicant needs to pay a non-refundable application fee. Once the registration is approved, the applicant also needs to pay the Registration Fee to secure the registration and to obtain the printed certificate. Please find the fee structure below-
The procedure is as follows:
The applicant applying for SEBI Research Analyst Registration should meet all eligibility requirements in terms of Qualification, Net worth requirements and Certification. Once you have all these requirements in place, then only it is advisable to proceed with your application filing process.
An application is to be filled under SEBI (Research Analysts) Regulations, 2014 for research analyst.
A research analyst is in charge of writing or publishing a research report’s material. Additionally, they give research reports, price targets, or opinions on publicly traded securities that are already listed or are in the process of being listed on a stock market.
The salary base ranges between ₹ 2.0 Lakhs to ₹ 22.9 Lakhs with an average annual salary of ₹ 6.0 Lakhs.
A professional qualification or PG degree or post graduate diploma in finance, accountancy, commerce, economics, business management, capital market, financial services, or markets. • A graduate with minimum 5 years of experience in related subjects • Degree accredited by All Indian Council for Technical Education, NAAC, or National Board of Accreditation.
As of 2022, there are around 1000 SEBI research analyst in India.
Credibility and trust • Compliance with regulation • Enhance reputation
Read our Article:SEBI Rules on Portfolio Management System and Impact on Stakeholders
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
On 1st March 2024, the IRDAI came up with a notification via F. No. IRDAI/Reg/5/199/2024 for Bi...
There have been questions about creating trust between non-resident beneficiaries and people li...
Are you human?: 7 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Understanding the concept of mutual funds is critical to start a mutual fund company in India. It involves collecti...
24 May, 2021
Generally, it is noted that every common man also wants to invest in shares/securities and debentures of good and s...
01 Nov, 2019
Chat on Whatsapp
Hey I'm Suman. Let's Talk!