Annual Compliance Audit
Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014 requires every Research Analyst to conduct an annual audit in respect of compliance with the Regulations. This page records the framework we follow and the current status of that audit.
SEBI Registration No.: INH000026789
Supervisory body: BSE Limited (RAASB)
Audit status
| Financial Year | Audit period | Status | Adverse findings |
|---|---|---|---|
| 2025–26 | 01 April 2025 – 31 March 2026 | Completed | Nil |
| 2026–27 | 01 April 2026 – 31 March 2027 | In progress — due within six months of the close of the financial year | — |
The audit report is submitted to the Research Analyst Administration and Supervisory Body (RAASB) within the timeline prescribed by SEBI. A copy is available to investors on written request to the Compliance Officer.
Scope of the annual audit
The annual compliance audit covers, at a minimum:
- Validity and currency of the SEBI registration, and the qualification and NISM certification status of every research analyst.
- Maintenance of the research process — the basis, rationale and supporting records for each research report published during the period.
- Disclosures made in research reports, including financial interest, holdings, compensation and conflicts of interest.
- Compliance with the restrictions on personal trading set out in our Formal Procedure for Trading by Research Analysts.
- Client onboarding, KYC of fee-paying clients, fee collection through banking channels only, and adherence to the prescribed fee limits.
- Records of interactions with clients and prospective clients.
- Adherence to the Advertisement Code across the website, the app, social media and all client communications.
- Grievance handling, timelines, SCORES 2.0 registration and the accuracy of the published complaints data.
- Compliance with the PMLA Policy, the Cyber Security Policy and the Outsourcing Policy.
- Continued satisfaction of the fit and proper person criteria.
Corrective action
Any observation raised by the auditor is placed before the management along with a corrective action plan and a target date. Where an adverse finding is recorded, the finding and the action taken are reported to RAASB in the manner prescribed. Investors may request the current audit status by writing to help.tradenova@gmail.com.
Need help with this?
Our Principal Officer, Harinder Singh, and Compliance Officer, Pardeep Kumar, are available Mon–Fri · 9:00 AM to 5:00 PM.