Fit and Proper Person Policy
“Fit and Proper Person”, based on the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, includes the following criteria, but is not limited to:
- The Research Analyst shall be a person of integrity, honesty, ethical behaviour, reputation, fairness and character.
Disqualifications
The Research Analyst shall not incur any of the following disqualifications:
- A criminal complaint or information under section 154 of the Code of Criminal Procedure, 1973 (2 of 1974) has been filed against such person by the Board and is pending;
- A charge sheet has been filed against such person by any enforcement agency in matters concerning economic offences and is pending;
- An order of restraint, prohibition or debarment has been passed against such person by the Board or any other regulatory authority or enforcement agency in any matter concerning securities laws or financial markets, and such order is in force;
- Recovery proceedings have been initiated by the Board against such person and are pending;
- An order of conviction has been passed against such person by a court for any offence involving moral turpitude;
- Any winding up proceedings have been initiated, or an order for winding up has been passed, against such person;
- Such person has been declared insolvent and not discharged;
- Such person has been found to be of unsound mind by a court of competent jurisdiction and the finding is in force;
- Such person has been categorized as a wilful defaulter;
- Such person has been declared a fugitive economic offender; or
- Any other disqualification as may be specified by the Board from time to time.
Pending show cause notices
The Research Analyst shall be aware that at the time of filing an application for registration as an intermediary, if any notice to show cause has been issued for proceedings under these regulations, or under section 11(4) or section 11B of the Act, against the applicant or any other person referred to in clause (2), then the application shall not be considered for grant of registration for a period of one year from the date of issuance of such notice or until the conclusion of the proceedings, whichever is earlier.
Regards,
Trade Nova Technologies Private Limited
SEBI Registered Research Analyst
SEBI Registration No.: INH000026789
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