The Securities Exchange Board of India through circular dated August 31, 2021 has extended time for seeking membership of BSE Administration & Supervision Limited by Investment Advisors(IAs). SEBI has decided to extend the timeline for seeking membership of BASL by existing IAs by a period of two month, till October 31, 2021.
Existing IAs who fail to seek membership of BASL within the aforesaid timeline shall be liable for appropriate action including suspension or cancellation of certificate of registration of such IAs, in terms of the Securities and Exchange Board of India Act, 1992 and the Regulations framed thereunder.
