Capital markets regulator SEBI cancels the registrations of 12 research analysts after the renewal fee required to keep their certificates of registration valid remains unpaid. The cancellations are made under SEBI’s Intermediaries Regulations, 2008. SEBI initiates summary proceedings after it issues notices to the concerned entities and receives no replies within the stipulated period. The renewal fee is due every five years from the date of registration, and SEBI states that the due dates for the affected registrations fall between March 2025 and April 2026. Because the fees are not paid by these deadlines, SEBI cancels the entities’ certificates of registration as research analysts. Among the entities named are Arjun Lenin, CNI Research Ltd, East Bridge Advisors Pvt Ltd, Kushank Kamal Poddar, and R K Global Shares & Securities Ltd. SEBI indicates that the cancellation is intended to prevent misuse of expired registration certificates, while also stating that the entities continue to remain liable for anything done or omitted to be done as research analysts.
SEBI Cancels Registrations of 12 Research Analysts for Unpaid Renewal Fees
Capital markets regulator SEBI cancels the registrations of 12 research analysts after the renewal fee required to keep their certificates of registration valid remains unpaid. The cancellations are m...
- SEBI cancels the certificates of registration of 12 research analysts for non-payment of mandatory renewal fees.
- The renewal fee must be paid every five years from the date of registration to keep the certificate valid.
- SEBI issues notices and proceeds with cancellations after no replies are received within the stipulated period.
- The registrations have due dates ranging from March 2025 to April 2026.
- Named entities include Arjun Lenin, CNI Research Ltd, East Bridge Advisors Pvt Ltd, Kushank Kamal Poddar, and R K Global Shares & Securities Ltd.
The entities whose registrations have been cancelled include Arjun Lenin, CNI Research Ltd, East Bridge Advisors Pvt Ltd, Kushank Kamal Poddar and R K Global Shares & Securities Ltd
3 hours agoNew Delhi: Capital markets regulator Sebi has cancelled the registrations of 12 research analysts for failing to pay the mandatory renewal fee required to keep their certificates of registration in force.The action was taken under Sebi's Intermediaries Regulations, 2008, after the entities failed to renew their registrations despite being issued notices.The entities whose registrations have been cancelled include Arjun Lenin, CNI Research Ltd, East Bridge Advisors Pvt Ltd, Kushank Kamal Poddar and R K Global Shares & Securities Ltd, the regulator said in an order on Thursday.Under Sebi norms, every registered research analyst is required to pay the renewal fee every five years from the date of registration to keep the certificate valid.However, the markets watchdog found that the 12 entities failed to pay the fees after their respective due dates, which ranged from March 2025 to April 2026.SBI Sells 1.42% Stake For 1,655 Crore In SBI Funds Management Ahead Of Arm's IPO The Securities and Exchange Board of India (Sebi) had issued notices to these entities in May and June this year, asking them to explain why their registrations should not be cancelled or suspended.However, none of the noticees (entities) responded within the stipulated period.Accordingly, the regulator cancelled the certificates of registration as research analysts of these 12 entities.In its order, the regulator said the cancellation is intended to prevent misuse of expired registration certificates.It also clarified that despite the cancellation, the entities would continue to remain "liable for anything done or omitted to be done as Research Analysts". (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
3 hours agoSebi has cancelled twelve research analyst registrations for failing to pay renewal fees. These entities and individuals had their certificates cancelled after the fees remained unpaid. Sebi initiated summary proceedings after receiving no replies to issued notices.
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