SEBI Strikes Down 11 Research Analysts: Certificates Canceled Over Failed Five-Year Renewal Fees
SEBI Initiates Summary Proceedings Against Non-Compliant Research Analysts
The Securities and Exchange Board of India (SEBI) has issued an order canceling the certificates of registration for eleven registered Research Analysts (RAs). The action was taken under Section 12(3) of the SEBI Act, 1992, and Regulation 30A of the Intermediaries Regulations, 2008. This stringent move follows a lapse in mandatory fee payments required to maintain registration status.The regulatory order specifies that every registered Research Analyst must pay a renewal fee every five years from the date of grant of their certificate. This requirement is mandated...