Finally, the wait is over. SEBI has come out with detailed guidelines for Investment Advisers on September 23, 2020. Although the guidelines are more or less on the expected lines as most of the terms were already published in 4th consultation paper, SEBI has, vide this guidelines, provided detailed modus operandi as to client level […]
Author: CS Harshit Shah
As you all are aware that SEBI has come out with amendment in IA regulation through notification dated July 03, 2020 which require great amount of shift in existing IA business practice. The new IA amendment regulation talks about enhanced qualification and Net worth criteria, mandatory agreement, segregation of business at client level, compliance Audit […]
There is long standing dilemma among the Investment Advisers fraternity as to which fee model should an investment Adviser adopt. It is quite obvious that advisers having different business models require different type of fee model. So ‘One Size Fits All’ approach cannot be adopted for all advisory business practice. Advisers are having inherent conflict […]
Various references have been received from trade and industry seeking clarification whether the GST is leviable on Director’s remuneration paid by companies to their directors. In order to ensure uniformity on applicability of GST on directors’ remuneration, the ministry of finance has clarified the issue as below: Applicability of GST on remuneration paid by companies […]
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Business Continuity Plan (BCP)
Business Continuity Plan (BCP) for Advisory practice The Novel Coronavirus (COVID-19) has affected the daily lives of millions and has impacted some to a far greater extent. Almost every business and industry have been affected by the virus—especially those businesses connected with the financial markets. Government is trying hard to ease the damage caused by […]
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STARTUP ecosystem Understanding
What is Start-up An entity shall be considered as start-up: If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India. Up to 10 years from the date of its incorporation/registration If its turnover for any of the financial years since incorporation/registration has not […]
SEBI recently have issued 4th consultation paper on Investment Adviser regulation.key excerpts of the same are as follows: Client level segregation of advisory and distribution services. IA shall provide implementation services to its advisory clients only through direct schemes/direct code in the securities market. Fees can be charged either AUA based or fixed fees. In […]
CS Harshit Shah 