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An Investment Adviser is a person or group that provides investment recommendations or performs securities analysis for a fee. This can involve managing clients’ assets directly or offering advice through written publications.
Individual : Qualified and certified as per SEBI's regulations.
Non-Individual (e.g., body corporate, firm, LLP) : Principal officer and associated individuals must be qualified and certified.
Banks/NBFCs : Must have RBI permission and apply through a separate division.
Foreign Entities : Must have a subsidiary or office in India that applies for registration.
Key Requirements for Individual/Principal Officers:
• Qualification :
Graduate degree/diploma (2 years) in finance or related field.
• Certification :
CFA Charter or 1-year Post Graduate Program in Investment Advisory (NISM).
• Experience :
Minimum 5 years in financial advisory or portfolio management.
• Examinations :
NISM-Series-X-A and Series-X-B certification.
• Associated Persons : Relevant professional qualification and at least 2 years of experience in financial advisory.
Non-Individual Investment Advisers : Minimum deposits is Rs. 50 lakhs
Individuals : Minimum deposits is Rs. 5 lakh
Fit and Proper Test : Must meet SEBI's Schedule II criteria.
Compliance officer : Non-Individual Investment Advisers must appoint a Compliance Officer who shall be responsible for monitoring the compliance.
Infrastructure : Must have adequate infrastructure for effective advisory services.
Past Records : Review of any history of refusal or disciplinary actions.
SEBI will issue a certificate of registration upon meeting all requirements and payment of fees, subject to SEBI's conditions.
The certificate remains valid unless suspended or cancelled by SEBI.
Comply with eligibility criteria; provide a declaration and certified copies of your qualifications.
- Proof of identity and address.
- Details of ownership or directorship.
- Income Tax Return/Form 16 for the last 3 years.
- Recent assets and liabilities statement certified by a chartered accountant.
- Shareholding pattern and director profiles, including proof of identity and address.
- Number of individuals providing investment advice.
- List of associated companies registered with SEBI, RBI, IRDA, or PFRDA.
- RBI approval if the entity is a bank or NBFC.
- Net worth certificate from a chartered accountant.
- Proof of identity and address for key personnel.
- Names and ownership details of partners and associated persons, including identity and address proof.
- Declaration of compliance with Regulation 7.
- Certified copies for partners and associated persons.
- Assurance of certification renewal.
- Assets and liabilities statement, along with net worth certification by a chartered accountant.
- Details of the applicant.
- Business plan of the applicant.
- Infrastructure, services, credit report, and other relevant information.
- SEBI Verification.
Fee Type | Legal Structure | SEBI Fees | Exchange Fees |
Application Fees | Individuals & Partnership Firms | ₹2,000 (One-time) | NA |
Body Corporates/ LLPs | ₹20,000 (One-time) | NA | |
Registration Fees | Individuals & Partnership Firms | ₹3,000 (valid for 5 years) | NA |
Body Corporates/LLPs | ₹30,000 (valid for 5 years) | NA | |
Administrative Fees | Individuals & Partnership Firms | NA | ₹10,000 (valid for 5 years, ₹2,000/year) |
Body Corporates/LLPs | NA | ₹5,00,000 (valid for 5 years, ₹1,00,000/year) | |
Renewal Fees | Individuals & Partnership Firms | ₹1,000 (every 5 years) | ₹9,000 (every 5 years, ₹1,800/year) |
Body Corporates/LLPs | ₹5,000 (every 5 years) | ₹4,95,000 (every 5 years, ₹99,000/year) |
To be paid within 15 days of intimation from the Board, via NEFT/RTGS/IMPS or online payment through the SEBI Payment Gateway.
We simplify the licensing process for ease and efficiency.
We manage your entire SEBI registration for credibility.
We understand SEBI regulations thoroughly, ensuring your fund is compliant.
We create key documents to boost investor confidence.
Our attention to detail minimizes errors and speeds up your application.
We handle Form A submissions and SEBI inquiries promptly.
We make the entire setup process efficient, saving you time and stress.
We ensure smooth operations through effective stakeholder collaboration.
We build a strong framework tailored to your needs.
We craft policies designed for your operational requirements.
We’re here for you even after registration, helping you tackle future challenges.
We facilitate audits to maintain high operational standards.
We manage accounting and filings, allowing you to focus on growth.