SEBI Portfolio Manager Registration

 

 Sub.: Note on Securities and Exchange Board of India (SEBI) Registrations:

          PMS (Portfolio Management Services)

 

  1. Documents required from applicant seeking SEBI certificate and Registration of Portfolio Management Scheme:

 

An indicative list of documents/information to be furnished along with the application. All

documents/information is to be submitted in duplicate.

 

  1. Memorandum of Association
  2. Articles of Association
  3. Certificate of Incorporation
  4. Balance Sheets (Previous 3 years) with Auditors’ Reports
  5. Minimum Net Owned Fund requirement INR 200 lakhs. (RoC Form 2/PAS 3)
  6. KYC details of Promoters
  7. CIBIL Reports of Promoters and Directors
  8. Organization Structure
  9. Details of Shareholder and Directors
  10. Next five years business plans
  11. Financial Information
  12. Profile of all promoters (Like resume)
  1. Place of rendering Services:

The place of rendering services generally shall be our office situated at 496/B, Om Apartments, Kasba Peth, Near KCC Classes, Pune 411 011.

  1. Fees:

 

We are pleased to inform you that the standard professional charges/fees for
SEBI compliances will be as mentioned below:

 

Sr No Particular Fees Reference
1 Non Refundable fees by way of demand draft INR 1,00,000/- Securities and Exchange Board of India’, payable at Mumbai
2 Three Years fees in advance at the time of grant of certificate INR 10,00,000/- 3 years fees in advance to be given to SEBI
3 Professional Fees Depends of services to be provide  

 

Kindly sign a copy of the letter/ or mail me at info@csladda.com  Personal Cell No. 9922735476 / 9595271145 in token of approval or you may issue separate letter accepting terms and condition of this letter.

This is with reference to compliance under / work related to the Securities Exchange Board of India (SEBI) Authority.

The Securities and Exchange Board of India, or Sebi, said in a note that all entities engaged in advising on financial products will be required to get registered with it and segregate all such services from other activities such as distribution.

An investment adviser is defined as an entity engaged in the business of providing investment advice for a consideration.

Insurance agents, mutual fund distributors, advocates, chartered accountants, stock brokers, fund managers, people giving general comments in good faith on trends in the financial market, members of a self-regulatory organization and those offering investment advice exclusively to overseas clients are exempted from the registration process.

Sebi’s move assumes significance in the backdrop of instances of fraud committed by several entities in the guise of investment advisory and the perpetual debate among the country’s financial regulators over the jurisdiction of advisers as the services provided by them straddle a wide range of products.

Under the new norms, all investment advisers will be regulated by Sebi, to begin with. The existing entities offering advisory services will be given six months to register themselves with Sebi.

The capital market regulator said that it may authorize a separate body later to regulate investment advisers.

Sebi had earlier said that investment advisers could be regulated by a self-regulatory organization, or SRO.

All advisers will need certain professional qualifications and experience in the financial services space to get registered with Sebi. A corporate body, seeking registration, has to have a net worth of at least Rs.25 lakh and an individual or partnership firm should have assets of at least Rs.1 lakh.

Existing investment advisers will have to comply with the capital adequacy norms within one year and have to categorically mention the term “investment adviser” wherever they engage in investment advisory services.

In order to enhance the quality of services offered by investment advisers and transparency with the client, Sebi said such advisers will act in a fiduciary capacity and disclose all conflicts of interests involved in their services.

The adviser has to also disclose the details of disciplinary actions taken against them by any authority in the past and its association with other intermediaries, apart from remuneration in any form from associates or subsidiaries.

The regulations were much discussed and debated before being finalized by Sebi on Tuesday.

In March 2007, the regulator had first issued a consultative paper on the issue.

Later, in December 2008, the high-level coordination committee, or HLCC, on financial markets set up the D. Swarup committee to re-examine the issue.

The committee submitted its report in December 2009 and it was discussed by HLCC in March 2010.

Following this, regulatory issues related to wealth management and private banking undertaken by banks were debated by the financial stability and development council in March 2011. Subsequently, Sebi issued a concept paper on the regulations in October 2011. Finally, in August 2012, after a board meeting, Sebi issued draft regulations.

Thanking you and assuring best professional services;

Yours faithfully

Pramodkumar R. Ladda

Company Secretary

  

We accept the above terms and conditions and authorize you to submit returns and documents with the government authorities on our behalf and also pay requisite filing and other fees and charges on our behalf.

Office Cell Numbers: 9404923393, 8624919609, 9404923050, 020-24570055

Personal Cell No. 9922735476 / 9595271145

Skype id: pramodladda
OFFICE: 2nd Floor, OM  Apartment, SR. No. 496/B, Near KCC Classes,

Opp Kasba Peth Post office, Kasba Peth, Pune  411011

www.csladda.com

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