Note on Research Analyst Registration under Securities and Exchange Board of India (Research Analysts) Regulations, 2014.

1. INTRODUCTION:-

 

• RESEARCH ANALYST

A research analyst is responsible for researching, analyzing, interpreting and presenting data related to markets, operations, finance, accounting, economics, customers and other information related to the respective field they worked in. He is typically very quantitative, analytical, logical and good at managing numbers and data. Research analyst exists in every industry especially in security market. SEBI framed regulations for research analyst called as ‘SEBI (Research Analyst) Regulations, 2014.

 

• CAPITAL ADEQUACY

The capital adequacy requirement for research analysts under the SEBI (Research Analysts) Regulations, 2014, has undergone amendments over time. Here is the current requirement based on the updated regulations:

 

Deposit Requirements (Revised from Capital Adequacy) –As per the amended regulation 8:

• A research analyst  who  is  individual  or  partnership  firm  shall  have  net  tangible  assets  of value not less than one lakh rupees.
• A research  analyst  who  is  body  corporate  or  limited  liability  partnership  firm  shall  have  a networth of not less than twenty five lakh rupees.

 

• QUALIFICATION AND CERTIFICATION REQUIREMENT

An individual registered as research analyst under these regulations, individuals employed as  research  analyst  and  partners  of  a  research  analyst,  if  any,  shall   have   the   following   minimum qualifications, at all times:

 

2. A professional  qualification  or  post-graduate  degree  or  post  graduate  diploma  in finance,  accountancy,  business  management,  commerce,  economics,  capital  market, financial services or markets provided by:
3. a university  which  is  recognized  by  University  Grants  Commission  or  by  any other  commission/council/board/body  established  under  an  Act  of  Parliament  in India for the purpose; or
4. an institute/association affiliated with such university; or
5. an institute/  association/university  established  by  the  central  government  or  state government; or
6. autonomous institute falling under administrative control of Government of India; or

 

1. professional qualification  or  post-graduate  degree  or  post  graduate  diploma  which  is accredited  by  All  Indian  Council  for  Technical  Education,  National  Assessment  and Accreditation    Council    or    National    Board    of    Accreditation    or    any    other council/board/body set up under an Act of Parliament in India for the purpose; or

 

• a professional  qualification  by  completing  a  Post  Graduate  Program  in  the  Securities Market (Research Analysis) from NISM of a duration not less than one year; or]

 

1. a graduate in any discipline with an experience of at least five  years in activities relating to financial products or markets or securities or fund or asset or portfolio management.

 

 

2. An individual registered as research analyst under these regulations, individuals employed as research analyst  and  partners  of  a  research  analyst,  if  any,  shall  have,  at  all  times,  a  NISM certification  for  research  analysts  as  specified  by  the  Board  or  other  certification  recognized  by the Board from time to time.

 

1. PERIOD OF VALIDITY OF CERTIFICATE.

The certificate of registration granted shall be valid till it is suspended or cancelled by the Board.

 

1. PLACE OF RENDERING SERVICES:

The place of rendering services generally shall be our office situated at Off No. 106, Sr. No. 55, Sukhniwas, Mangalwar Peth, Pune-411011.

 

1. PROFESSIONAL FEES:

Sr. No.	Particulars	Fees (Amount in INR. )
1.	Professional fees for Research Analyst Registration Certificate.	Shall be discussed in a meeting

 

Note: – Government Fees & out of pocket expenses shall be at actual which shall be reimbursed.

GST @ 18 % over and above to professional fees

 

1. GOVERNMENT FEES:

Sr. No.	Entity Type	Fees for Application (Amount in INR. )	Fees for Application (Amount in INR. )
1.	For individuals or partnership firms	5,000 (Indian Rupees Five Thousand Only)	10,000 (Indian Rupees Ten Thousand Only)
2.	For proxy advisory firms: Rupees	5,000 (Indian Rupees Five Thousand Only)	10,000 (Indian Rupees Ten Thousand Only)
3.	For Body Corporate including Limited Liability Partnerships	50,000 (Indian Rupees Fifty Thousand Only)	5,00,000 (Indian Rupees Five Lakhs Only)

 

 

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 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, 20% after submission of online Application and balance 20% after securing completion of assignment.
• GST- @ 18 % as Applicable Exclusive.

Thanking you and assuring the best of our services at all times.

 

Yours truly,

 

SD/-

CS IP. PRAMODKUMAR R. LADDA

Company Secretary & Insolvency Professional