Market

Sebi reduces application and registration fee for investment advisors

Markets regulator Sebi has reduce down application and registration charges for people and corporates searching for a registered investment advisor standing.

Now, people and corporations (partnership) should pay Rs 2,000 whereas making use of for an investment advisor certificates. Earlier, they needed to cough up the next quantity of Rs 5,000 as application fee, in response to a Sebi notification issued on Monday.



The application fee for corporates together with Limited Liability Partnerships (LLPs) has been introduced right down to Rs 10,000 from Rs 25,000.

At the time of grant of a certificates, people and corporations should shell out a fee of Rs 3,000 and Rs 15,000 by our bodies company. Earlier, registration fee was Rs 10,000 and Rs 5 lakh for people in addition to corporations and physique corporates respectively.

The reduce down in charges is anticipated to assist these searching for registration as investment advisors.

The transfer comes after a sequence of tightening of norms by the Securities and Exchange Board of India (Sebi) for registered investment advisors.

In September, Sebi got here out with detailed pointers for investment advisers asking them to make sure segregation of advisory and distribution actions on the shopper degree.

Besides, Sebi had fastened a cap on fee that investment advisers (IA) can cost from purchasers. It had additionally put in place a procedural framework pertaining to audit and record-keeping.

(Only the headline and image of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has at all times strived exhausting to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.

As we battle the financial influence of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your help by extra subscriptions may also help us practise the journalism to which we’re dedicated.

Support high quality journalism and subscribe to Business Standard.

Digital Editor



Source



Back to top button