Obligation to seek Registration and Exemptions therefrom

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....undertaking any of the below mentioned activities shall obtain a certificate of registration from the Authority: (a) Broker dealer; (b) Clearing member; (c) Credit rating agency; (d) Custodian; (e) Debenture Trustee; (f) Depository participant; (g) Distributor; (h) ESG Ratings and Data Products Provider; (i) Investment adviser; (j) Investment banker; and (k) Research Entity. ....

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....ons - (a) as an 'investment adviser', if- (i) a person who gives general comments in good faith in regard to trends in the financial or securities market or the economic situation where such comments do not specify any particular securities or investment product; (ii) an insurance agent or an insurance broker registered with the Authority, who offers investment advice solely in insurance pro....

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....tered or regulated by the Authority or any other securities market regulator; (vii) any person providing investment advice to investors such as: a. central and state governments; b. developmental agencies set up under the aegis of government(s); c. multilateral agencies; d. sovereign wealth funds; e. intermediaries registered with the Authority; f. banking companies; g. insurance c....