- 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:
- 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:
- 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
- an institute/association affiliated with such university; or
- an institute/ association/university established by the central government or state government; or
- autonomous institute falling under administrative control of Government of India; or
- 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]
- 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.
- 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.
- PERIOD OF VALIDITY OF CERTIFICATE.
The certificate of registration granted shall be valid till it is suspended or cancelled by the Board.
- 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.
- 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
- 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) |
- 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
