NRIs must obtain registration under ‘Investment advisory’ regulations for offering advisory services

The SEBI has issued informal guidance with the regard to registration in ‘Investment advisory’ (IA) regulation. It has clarified that NRI or POI intends to offer investment advisory to clients in India needs to take registration under IA regulations. In case NRI or POI wants to join any non-individual IA as PAA, then non- individual IA is required to comply with IA regulations.The SEBI has issued informal guidance with the regard to registration in ‘Investment advisory’ (IA) regulation. It has clarified that NRI or POI intends to offer investment advisory to clients in India needs to take registration under IA regulations. In case NRI or POI wants to join any non-individual IA as PAA, then non- individual IA is required to comply with IA regulations.taxmann.com NewsRead More

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