Why SEBI Registration Is Mandatory for Publishing Research Reports in India

Publishing Research Reports Without SEBI Registration?

That’s a Shortcut to Penalties, Suspension & Reputational Damage

In India’s regulated financial ecosystem, publishing equity research or market analysis without SEBI registration isn’t just risky — it's illegal. Whether you're an individual analyst, a company, or an advisory firm, you must be registered with SEBI (Securities and Exchange Board of India) to operate legally.


✅ Who Can Apply for SEBI Research Analyst Registration?

If you're aspiring to become a SEBI-registered Research Analyst, you must fall under one of these categories:

  • ✔️ Individuals, LLPs, or Companies

  • ✔️ Post-graduate/diploma holders (from UGC-recognized institutions), or

  • ✔️ Graduates with 5+ years of experience in the financial services industry

  • ✔️ NISM Series XV – Research Analyst Certification is mandatory


🔍 Why SEBI Registration Matters

SEBI has significantly increased its scrutiny of unregistered research analysts. Recent months have seen a surge in penalties, suspensions, and public notices for violators.

Non-compliance isn't just a technical issue—it can destroy reputations and careers.


⚠️ Common Mistakes That Lead to SEBI Action

Avoid these pitfalls if you’re planning to operate as a research analyst:

  • ❌ Offering research services without valid SEBI registration

  • ❌ Not disclosing conflicts of interest or major business changes

  • ❌ Failing to maintain records of research reports and client communication

  • ❌ Ignoring KYC norms during client onboarding

  • ❌ Misleading clients with unrealistic promises or unethical practices


🛡️ Build Trust with Compliance

Compliance isn’t just about avoiding penalties — it’s about building trust, transparency, and credibility with your clients and stakeholders.

If you want to build a long-term career as a Research Analyst, it starts with the right structure, legal foundation, and ongoing compliance with SEBI regulations.


📞 Need Help with SEBI Registration?

Getting started doesn’t have to be overwhelming. From eligibility checks to documentation and filing, our experts can guide you through every step.

👉 Contact us today for a free consultation
📞 +91 93113 47006


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