Renewal process for Registration of Investment Advisers (IAs)

Notice No: 20260723-21

As per Regulation 11 read with Schedule II of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, every Investment Adviser (IA) who has been granted a certificate of registration is required to pay the prescribed renewal fee to SEBI every five years in order to keep the registration valid and in force. The renewal fee is required to be paid within the period commencing three months prior to the expiry of the registration validity.

Further, pursuant to BSE Limited being recognized by SEBI under Regulation 14 of the SEBI (Investment Advisers) Regulations, 2013 as the Investment Advisers Administration and Supervisory Body (IAASB), all registered IAs are also required to pay the prescribed renewal fee to BSE Limited every five years for continuation of their registration.

All registered IAs are advised to take note of the renewal requirements and ensure timely payment of the applicable fees to avoid any delay or disruption in the renewal of their registration.

Kindly note that challan for SEBI fee payment will be generated only after payment of fees to Exchange is completed. A detailed process for renewal fee payment is given below.

Renewal Fee Payment Process

Step 1: Payment of BSE Renewal Fee

The registered IA shall first remit the applicable renewal fee to BSE Limited within the prescribed timeline.

Step 2: Generation of SEBI Renewal Fee Challan

Upon receipt and confirmation of the renewal fee payment to BSE Limited, the SEBI renewal fee challan shall be generated and shared with the concerned IA for further payment.

Step 3: Payment of SEBI Renewal Fee

The IA shall remit the prescribed renewal fee to SEBI within the timeline specified by SEBI and submit proof of payment.

Important Points

1. The SEBI renewal fee challan can be generated only after payment and confirmation of the renewal fee payable to BSE Limited.
2. Any delay in payment of the BSE renewal fee may consequently delay the generation of the SEBI renewal fee challan and the overall renewal process.
3. Failure to remit the SEBI renewal fee within the prescribed timeline may lead to non-renewal and/or cancellation of registration by SEBI, in accordance with the applicable regulatory provisions.
4. IAs are advised to initiate the renewal process well in advance of the registration expiry date and ensure timely payment of both BSE and SEBI renewal fees.
5. Any request for renewal after the expiry of the registration validity period shall not be considered, irrespective of the reason for such delay. It shall be the sole responsibility of the IA to ensure compliance with all renewal requirements and timelines prescribed under the applicable regulatory framework.

For any clarification or assistance regarding the renewal process, IAs may contact:

Email: [email protected]

Praveenkumar Archarya AVP Membership