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Sebi Cancels Religare Capital Markets, 11 Others' Registrations Over Unpaid Renewal Fees
M
Moneycontrol•24-09-2026, 23:16
Sebi Cancels Religare Capital Markets, 11 Others' Registrations Over Unpaid Renewal Fees
- •Sebi has cancelled the registration of Religare Capital Markets and 11 other entities due to their failure to pay mandatory renewal fees.
- •The cancellations followed summary proceedings initiated by Sebi after research analysts did not renew their registrations despite multiple opportunities.
- •Entities like Indeed Research, WSA Equity and Financial Research, IndiaNivesh Securities, and Espirito Santo Securities India are also among those affected.
- •Under Sebi's (Research Analysts) Regulations, 2014, registered research analysts must pay renewal fees every five years to maintain their registration.
- •Sebi issued show-cause notices to the entities, including Religare Capital Markets, after they failed to pay fees by their respective due dates, ranging from May 2024 to November 2025.
Key Questions Answered
Sebi cancelled the registration of Religare Capital Markets and 11 other entities because they failed to pay the mandatory renewal fees required every five years under Sebi's Research Analysts Regulations, 2014.
The due dates for the unpaid renewal fees across the 12 entities ranged from May 2024 to November 2025.
Yes, Sebi clarified that despite the cancellation of their registration certificates, the entities remain liable for anything done or omitted to be done as research analysts.
