SEBI will allow accredited investors a more relaxed framework (for PMS, AIF etc): lower minimums, unlisted stocks etc. To be one
- your net worth must be 7.5 cr. (half in financial assets like MFs/stocks)
- OR you have an income of 2 cr.+ a year
- Or Income 1cr+Networth 5 cr.
- your net worth must be 7.5 cr. (half in financial assets like MFs/stocks)
- OR you have an income of 2 cr.+ a year
- Or Income 1cr+Networth 5 cr.
Primary house can't be used in net worth.
For Companies net worth should be 50 cr+
Needs certification by an accreditation agency
For Companies net worth should be 50 cr+
Needs certification by an accreditation agency
For accreditation, you'll need to give PAN card, Passport/Aadhaar and IT returns for one year or a certificate from a CA for net worth, plus demat acct statement (where applicable)
Accreditation for 1 yr if you give docs for 1 yr
for 5 years if you give last three years docs.
Accreditation for 1 yr if you give docs for 1 yr
for 5 years if you give last three years docs.
What can you exactly do with accreditation? That we will know soon, as those circulars are yet to come. For now, see: sebi.gov.in/legal/circular…
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