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RAJKUMAR GH (0)     29 August 2016

Investment consultant or commission agent

Dear Sir, I have a query that can an advocate be a investment consultant or commission agent of any insurance co. / mutual fund


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 2 Replies

adv.bharat @ PUNE (Lawyer)     30 August 2016

No at one time any person can do any one kind of business and not several kind at same time.

Ms.Usha Kapoor (CEO)     01 September 2016

DearClient,

                 You can carry on your profession  as an Advocate and also your buiness of commissioned insurance agent/investment advisor ofMF as you such as  Advocates,CAs, Penioners fall under  exempted category under SSEBI Law and   regulations thereunder as  these businesses are incidental to their profession.

bu.

Also Sebi’s regulation allows MF distributors, chartered accountants, insurance agents, pension adviser, advocate etc to provide investment advice to their clients incidental to their primary activity and does not provide a specific business model to advisers that distributors can’t do.


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