We have updated this information with Sebi (Investment Advisors) (Amendment) Regulations, 2021
It's not an easy step to get registration from SEBI as Investment Advisor. Lots of people want to understand how to become sebi registered investment advisor ? Recently it came to our notice that People just check some online documents required for filing Form A and file Form A, After that when SEBI Sought clarification from them, they are not able to answer them within 15 days, their application gets closed or Rejected. So First of all don't copy and paste documents online .... Please understand the requirement of SEBI, FORM A, and Regulation. SEBI wants to protect the interest of Investors and wants to provide registration only to a genuine person who can hold Integrity of this Registration.
This is a detailed step by step guide to the SEBI Registered Investment advisor Application Process under SEBI(Investment Advisers) (Amendment) Regulations, 2020. It will help anyone with the necessary qualifications (see below) to apply for the SEBI Investment Advisor certification. We are a firm of Chartered Accountants, so if you are looking to register as an investment advisor as an Individual or Private limited company get any help on the registration process with our CA - call on 9729953675
The following minimum qualifications are required to become an Investment advisor in India.
As per Regulation 7 of the Investment Advisor Act 2014
Professional qualification or post graduate degree or Postgraduate diploma + Having 5 years experience in the financial sector can pass the following examination by the National Institute of Securities Markets (NISM) and apply to SEBI for registration as an Investment Advisor. From Oct 2020 ( 5 Years Experience is compulsory to register as an Investment advisor)
The registration process is completely online.
1. Getting access to the SEBI Intermediary portal by paying the initial registration fee of ₹2000. ( Earlier it was ₹5000)
2. Filling the Investment advisor registration form on SEBI intermediary portal and uploading relevant documents.
3. Paying a registration fee of ₹3,000 after the application is approved by SEBI.
4. Good News for Company Registration- Amendment Application Fees ₹10,000/- ( Earlier it Was ₹ 50,000) and registration fees ₹ 15,000 ( Earlier it was ₹ 5,00,000/- )
In this section, you have to upload self-certified copies of identity proof, address proof, supporting documents in respect of qualification. NISM Investment advisor XA and NISM Investment advisor XB exam certificates, 3 years Income tax return, and a copy of a net worth certificate from a chartered accountant.
This is the main section regarding the Investment advisor registration application and here you need to upload a proper Business Plan, Risk Policy management system and other relevant necessary information. Call us to get all the relevant Documents.
In this section, you have to upload a complete list of infrastructure you have one by one and attach all the necessary proof you have for infrastructure. Also need to upload a declaration regarding infrastructure.
Independent applicants have to upload a declaration that they will not carry out any distribution and execution services post-grant of registration of investment adviser by SEBI.
In this section, As discussed above, there are lots of declaration required in process of registration as a Investment advisor. In this section, you have to upload all the other necessary information and declarations.
Fees Details will be shown in FORM A automatically.
After filing Form A online, you will get FORM A in your mail id and we need to send this FORM A along will all the necessary documents and information to the nearest SEBI office.
If you want to know how to register as a research analyst ?? check our official webpage.
Yes, After an amendment in Investment Adviser Regulation, SEBI Complulsary required 5 years experience , even if you have a post-graduation degree, post qualification or post graduation Diploma
No, Sebi Ammend IA Regulation and From OCT 2020 persons have Post qualification, postgraduate degree or postgraduate diploma in the field provided by SEBI Can only apply for SEBI Registration
NISM Investment Adviser XA ( Level 1 )
NISM Investment Adviser XB ( Level 2 )
These are compulsory exams need to be clear by individual or the principal officer as the case may be.
Net Worth Requirement For Individual - Rs 5,00,000/-
Net Worth Requirement for Non-Individual - Rs 50,00,000/-
SEBI Has Given Definition of NET Worth For Non-Individual I.E Paid Up Capital + Free Reserves
SEBI Reduced the Fees Drastically From April 2021
Individual Application Fees- Rs 2,000/-
Individual Registration Fees Rs 3,000 ( Need to pay after approval )
Non Individual Application Fees - Rs 10,000/-
Registration Fees - Rs 15,000/- ( At the time of approval)
Note : Application Fees is NON Refundable
“principal officer” shall mean the managing director or designated director or managing partner or executive chairman of the board or equivalent management body who is responsible for the overall function of the business and operations of the nonindividual investment adviser.”
Contact Details And Address Details Need to fill out after that Rs 2000/- Payment for Individual Registration. Within 1 Week You will get Login Credentials