The career of investment advisors comes in great demand. They
are the professionals who provide exclusive assistance to customers when the
main area of interest is related to financial matters. Regardless of whether it
comes with retirement plans, insurance options, and investment strategies,
investment advisors are there to solve any kind of problem-related to monetary
issues. If you are from India and are planning to pursue your career as an
investment adviser, you must obtain an appropriate registration certificate
that will facilitate you to work as an investment adviser.
Request the registration certificate
The first and most important thing you need to get certified is
to pass the exam of NISM or National Institute of Securities Market, or 'NISM
Series VA: Certification exam of Mutual Fund Distributors', in case of passing
the exam, you will get a certification from NISM. According to recent
regulations, volunteer candidates must apply for registration under the SEBI
(Investment Advisers) regulation, 2013 . Candidates must correctly complete the
form and send it together with the required documents. It is worth mentioning
in this context, if the application is for a single entity, it requires sending
a photo while the organization does not require any photos.
How to apply?
In most cases, applicants will get SEBI's response with four
weeks. However, the time of registration may vary based on how efficiently
candidates are able to meet the criteria. Before applying for the registration
certificate, it is highly recommended that you go through the eligibility
criteria for registration. Together with Form A, applicants must pay Rs. 5000
as the registration fees. This amount must be drawn up in favor of "The
Securities and Exchange Board of India", which is payable in Mumbai. In
addition to this, applicants must also apply online following the strict SEBI
guidelines which is updated regularly.
Eligibility criteria
- -If
the applicant is a bank or bank, the RBI should be authorized to operate
as an AI and the application must be submitted through a division or
affiliate or separately identifiable entity.
- -If
an applicant is a legal person, other than a Bank or NBFC
registration, the application must be submitted through a
separately identifiable department or division.
- -Where
an entity incorporated outside India proposes to undertake AI services,
the application should be made by the branch in India of that foreign
entity.
- -If
a foreign national intends to carry out AI services, the applicant should
establish an office in India and perform AI services through that office.
After receiving the registration certificate
After considering all aspects of the applications, SEBI will
grant a registration certificate to the candidates. After receiving the
approval of the Securities and Exchange Board of India, applicants must pay a
registration fee through the bank project in favor of "The Securities and
Exchange Board of India". If the applicant is a business the amount of the
registration fee is Rs. 1, 00.000, while the entry fee for an individual is Rs.
10,000.
Related Post: How to create a
financial company
Verdict
After receiving the registration certificate from SEBI,
candidates can work as an investment advisor. However, to continue their career
without problems and update on the latest regulations, it is highly advisable
to visit the official SEBI website and find the latest news regarding the new
circulars and updated guidelines. In addition, they must also comply with
SEBI's reporting requirements from time to time. Never deny the terms and
conditions, the renewal rules and various other aspects that can prevent you
from enjoying the great career potential of the investment advisor.
In the event that the applicant is a bank or central bank, it
should be authorized by the RBI to act as an AI and the application should be
submitted through a division or affiliate or separately identifiable entity.
For additional questions on regulatory guidelines for Registered
Financial Advisor
No comments:
Post a Comment