Note on Registration of Registered Investment Advisor Registration under Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.

1. INTRODUCTION:

 

Investment Adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons and includes any person who holds out himself as an investment adviser, by whatever name called.

 

“Investment Advice” means advice relating to investing in, purchasing, selling, or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, whether written, oral or through any other means of communication for the benefit of the client and shall include financial planning:

 

Clarification: Investment advice given through newspaper, magazines, any electronic or broadcasting or telecommunications medium, which is widely available to the public shall not be considered as investment advice for the purpose of these regulations.

 

1. REQUIREMENTS OF NET-WORTH:

Sr. No.	Particulars	Category	Minimum Requirement
01.	Investment Advisers,	Non- Individuals	Net Worth of INR. 50,00,000/- (Indian Rupees Fifty Lakhs only)
		Individuals	Net Tangible Asset of value of INR. 5,00,000/- (Indian Rupees Five Lakhs Only)

 

“Net worth” means the aggregate value of paid up share capital plus free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated losses, deferred expenditure  not  written  off,  including  miscellaneous  expenses  not  written  off,  and  capital adequacy  requirement  for  other  services  offered  by  the  advisers  in  accordance  with  the  applicable  rules  and regulations.

 

1. ELIGIBILITY CRITERIA:

 

• Minimum Qualification for Individuals:

 

1. A professional qualification or post-graduate degree or post graduate diploma (minimum two  years  in  duration) in Finance, Accountancy, Business Management, Commerce, Economics, Capital Market, Banking, Insurance or Actuarial Science from a university or an institution recognized by the Central Government or any State Government or a recognized foreign university or institution or Association or  a professional   qualification   by   completing   a   Post   Graduate   Program   in   the Securities  Market  (Investment  Advisory)  from  NISM  of  a  duration  not  less  than one  year  or  a  professional  qualification  by  obtaining  a  CFA  Charter  from  the CFA Institute.

 

2. An individual   investment   adviser   or   principal   officer   of   a   non-individual investment   adviser,   registered   under   these   regulations,   persons   associated   with investment  advice,  and  in  case  of  investment  adviser  being  a  partnership  firm,  the partners thereof who are engaged in providing investment advice, shall have at all times relevant NISM certification as specified by the Board .

 

1. BUSINESS PLAN:

 

1. Proposed business plan & means of achieving the
2. The type of products/ securities on which investment advice is proposed to be
3. Process for risk profiling of the client and for assessing suitability of

 

1. EXECUTION SERVICES:

 

1. If the applicant is a body corporate, whether the applicant proposes to offer distribution or execution services to its clients.
2. If yes, provide a declaration that the services are being offered through a subsidiary/ separately identifiable department or division.

 

1. DOCUMENTS REQUIRED FOR REGISTERED INVESTMENT ADVISOR:

 

You have to submit the following documents (self-attested) along with application in Respective Form.

 

• Proof of Identity;
• Proof of address;
• Proof of qualification;
• Details of Ownership;
• Shareholding pattern/beneficial ownership pattern;
• Experience Certificate in case of graduates;
• CIBIL Score;
• Copy of Asset and liability statement in case of LLP
• Net worth certificates from a Chartered Accountant (should not be older than 6 months);
• Income Tax Returns for the last 3 years and copy of form 16 of last 3 years;
• Various declarations.

 

1. RENEWAL OF REGISTRATION:

The certificate of registration remains valid till suspended.

 

1. PROFESSIONAL FEES:

Sr. No.	Particular	Amount in INR
A.	Assignment Fees for Investment Adviser Registration.	Shall be discussed in a Meeting.

# GST: Rate as Applicable

 

1. PLACE OF RENDERING SERVICES:

The place of rendering services generally shall be our office situated at Office No. 106, Sr. No. 55, Sukhniwas, 15^th August Chowk, Mangalwar Peth, Pune – 411011, Maharashtra, India.

 

1. TERMS AND CONDITIONS:

• Assigner shall nominate specific person(s) for co-ordination and shall provide relevant data support in concern assignment Mr. Pramod Ladda will be assigned person.
• All the payments should be made in the name of “Ladda Bhutada & Associates”.
• All the disputes shall be subject to Pune Jurisdiction.
• Termination of this contract requires 30 days’ notice.
• Payment Terms:
• 60% advance along with Work Order;
• 40% after submission of Application for appeal.

 

 

 

Thanking you

Sd/-

Pramodkumar R. Ladda

Practicing Company Secretary & Insolvency Professional