How are you ensuring that your compliance is as per SEBI’s guidelines?
In 2016, SEBI issued a show cause notice against one of the companies registered as Investment Adviser. The SEBI order directed this company and its directors to stop taking fresh business.
What could have been the reason?
Simple! Non-compliance under SEBI (Investment Advisers) Regulations, 2013.
The company pressed hard to convince SEBI that it had fulfilled the requirements of the regulations. But SEBI still found lapses.
They paid the cost of non-compliance.
To cut the long story short, cost of non compliance is much higher than the cost of compliance.
Penalties aside, it can lead to closure of the business that you build with your sweat.
SEBI as the “watch dog” of securities market is playing its role very diligently.
And now, SEBI has got more powers to charge penalty of Rs. 1 lakh per day to Rs. 1 crore for non-compliance of Investment Advisers Regulation.
Are you sure you are compliant with IA regulations?
Are you ready to welcome SEBI
Do you want to know what was the non-compliance done by this company I was talking earlier?
I am conducting a workshop in Mumbai on May 11, 2018 for Investment Advisers on how to take care of this important part of your business. Click here for more details.
Click here to register for the workshop
I am conducting a webinar (online workshop) on compliance of SEBI (Investment Advisers) Regulations, 2013 on May 12, 2018 for all those who cannot attend my workshop in Mumbai. Click here for more details.
Click here to register for the webinar
Registrations are closing soon! So book your seats now!
If you have any queries, you can write to me at kruti@cskruti.com.