Thread by @CsNarula

As per attached circular #NSE issues an advisory to un-registered advisors to remove certain misleading names which gives a false impression to investors.

Further, it has also advised Companies to get their name changed with the Registrar of Companies #ROC #MCA before 31st March

Note: The provided list is only illustrative in nature and not exhaustive, which means that #NSE has not only restricted the un-authorised use of the given 61 names, but it has restricted un-authorised use of all such names which are misleading and indicative.

Further as far as #ROC #MCA paragraph is concerned, all the Companies which are into business of investments advisory and whose names are indicative as mentioned in circular & which currently do not hold the requisite license are advised to change their names before 31/03/2023.

As per my understanding, if at time of incorporation if such advisory company had submitted the declaration that it will apply & obtain license from authority before beginning such activities, then it doesn't need to change the name in case it has not begun such activities. #MCA

The management should refer to the language of such declaration it submitted while incorporation of such company and should oblige as mentioned and declared in it.

This advisory is a very positive step by #NSE to counter fake advisors which are fooling and looting money from common people.

Telegram and Twitter is full of such fake advisors. Beware of such fake advisors.

Savdhaan Rahe, Satark Rahe.