Is any registration or certification mandatory for providing training for online commodity trading?
This query is : Resolved
22 June 2023
1. Is any registration, license or certification mandatory for providing training/coaching for "Online Commodity Trading - profitable strategies" to interested persons or a fee, via online & offline mode?
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.
23 June 2023
It will not fall under investment advisor.
An Investment advisory, is a service that recommends certain securities primed for appreciation, usually through direct management of clients' assets or by way of written publications.
An Investment advisory, is a service that recommends certain securities primed for appreciation, usually through direct management of clients' assets or by way of written publications.
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23 June 2023
Thanks very much for the clarification, Sir. But, my first query remains un-answered, could you please enlighten me and the readers on this aspect also, as it would be highly appreciated.
23 June 2023
Licence from local authorities under shops and establishment may be required.
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23 June 2023
OK, Sir, thanks. But, I assume, if it is done from home, no such requirement should be there. Please confirm if this is correct. I understand that if it is done by taking a shop, the local municipal corporation license will be needed.
23 June 2023
Yes, you are right....
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