SEBI Compliance & Reporting India

Navigating the Securities Regulatory Framework

Expert assistance for SEBI regulated entities. We handle monthly/quarterly filings, investor reporting, and compliance audits for RIAs and Fund Managers.

Stay compliant with SEBI regulations for AIFs, PMS, and RIAs. We handle mandatory periodic filings, investor reporting, and annual compliance audits.

Integrity in investments. Ensure your fund management or advisory business stays ahead of SEBI's rigorous reporting and audit requirements with our professional compliance services.

The Securities and Exchange Board of India (SEBI) maintains a high standard of oversight for Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), and Registered Investment Advisors (RIAs). Compliance in this sector is data-intensive and involves periodic reporting of assets under management (AUM), investment performance, and grievance redressal.

Beyond periodic filings, SEBI-regulated entities must undergo mandatory audits and ensure that their marketing materials, client agreements, and disclosure documents are in strictly compliant with the relevant regulations. As the regulator increases its focus on 'Investor Protection', staying updated with the latest circulars is essential to avoid heavy penalties and administrative action.

QuickTaxperts provides a specialized capital markets compliance service. We handle your portal filings, assist in preparing disclosure documents, and coordinate the mandatory audits to keep your advisory or fund management business compliant.

• Category: Financial Services
• Assistance in filing 'SCORES' (Grievance Redressal) reports.
• Expert guidance on 'Skin-in-the-game' and concentration norms for funds.
• Support for annual internal audits and compliance certifications.
• Ensures adherence to SEBI's Advertising Code for intermediaries.
• Monthly and Quarterly reporting on the SEBI SI Portal
• Filing of Disclosure Documents for Portfolio Managers (PMS)
• Mandatory Annual Compliance Audit for Investment Advisors (RIA)
• Ensures compliance with SEBI (Intermediaries) Regulations

AIF Periodic Reporting

Reporting for Alternative Funds.

• Monthly Filing: Reporting on funds raised, investments made, and valuation of the portfolio.
• Annual Audit: Ensuring the fund's operations comply with the Private Placement Memorandum (PPM).
• Valuation Norms: Adhering to SEBI's standardized valuation principles for unlisted securities.
• PPM Changes: Managing the process of 'Material Changes' in the fund structure.

RIA Annual Compliance Audit

Standard for Investment Advisors.

• Audit Timeline: Mandatory audit to be completed within 6 months of the financial year-end.
• Risk Profiling: Verifying that client advice matches their documented risk profile.
• Fee Disclosure: Ensuring advisory fees are within the SEBI-prescribed caps.
• Record Keeping: Audit of call logs, emails, and advice trails as per SEBI norms.

Documents required

Document requirements vary by entity type, state, premises, and authority. These are the usual groups we verify before submission.

• SEBI Checklist: SEBI Registration Certificate copy.; Monthly/Quarterly performance and AUM data.; Disclosure Document (for PMS) or PPM (for AIF).; Investor grievance registers and SCORES login.; Audited Financial Statements of the entity.; Client Agreements and Risk Profiling records.; Marketing materials and social media posts (for audit).

Process and timeline

• Account Review: Reviewing your internal processes against the specific SEBI regulations (RIA/PMS/AIF).
• Reporting Cycle: Managing the monthly and quarterly data uploads on the SEBI portal.
• Disclosure Update: Filing the annual/half-yearly updates to your Disclosure Document or PPM.
• Audit Coordination: Facilitating the mandatory compliance audit by an independent professional.
• Grievance Mgmt: Assisting in resolving and reporting investor complaints on the SCORES portal.

Expert review

SEBI Compliance & Reporting India content is reviewed by QuickTaxperts Financial Team, SEBI & Capital Market Experts.

• Checklist-led review
• Document pre-verification
• Authority-specific next steps

Frequently asked questions

These quick answers cover common planning questions before you request a checklist or quote.

• What is SEBI compliance for AIFs?: It involves periodic reporting of fund activities, maintaining investment limits, and ensuring an annual audit of the fund's compliance.
• What is the RIA compliance audit?: Registered Investment Advisors must have their compliance with SEBI (IA) Regulations audited annually by a professional (CA/CS).
• What is the Disclosure Document in PMS?: It is a mandatory document provided to clients that contains details of the portfolio manager, fees, and past performance.
• What is the SCORES portal?: SEBI Complaints Redress System (SCORES) is an online platform for investors to lodge complaints against market intermediaries.
• How often do AIFs need to file returns?: Depending on the category, AIFs typically file monthly reports on the SEBI portal.
• What are the investment advisor fee caps?: SEBI has set a cap of 2.5% AUM or ₹1.25 Lakh per year for advisory fees, depending on the chosen model.
• What happens if I miss a SEBI filing?: SEBI can levy heavy per-day penalties and may initiate adjudication proceedings against the compliance officer.
• Do I need to report my marketing materials to SEBI?: While not always filed, all marketing must follow the SEBI Advertising Code and is checked during audits.