How To Use This Docket
This docket has been prepared as a practical compliance manual to help investment adviser professionals answer one simple question:
"Can an Investment Adviser do this?"
without searching across hundreds of regulations, SEBI circulars and operational guidelines.
Every chapter follows a consistent format:
Brief Explanation → ✔ DO → ✘ DON'T → Practical Implications → Exact Regulatory Reference
The objective is to provide a single reference document covering the operational, advisory and compliance framework governing SEBI Registered Investment Advisers in India.
All monetary limits, fee caps, disclosure requirements and reporting timelines have been reproduced based on the applicable regulations and circulars available up to July 2026.
Since IA regulations evolve frequently through SEBI circulars and Master Circular updates, users should always verify the latest regulatory position before relying upon any provision in a professional opinion or client advisory.
These reference tables enable professionals to quickly identify the exact legal authority supporting every compliance requirement discussed within the docket.
For the purpose of this publication, the expression "Investment Adviser" includes Individual IAs, Non-Individual IAs, Part-Time IAs, Principal Officers, Compliance Officers and other regulated persons wherever the applicable regulatory framework extends.
Golden Rule for Compliance Teams
If a compliance issue is not addressed in this docket—
Do not assume. Do not rely on memory. Do not provide verbal guidance.
Instead—
Check the applicable Regulation.
Verify the latest SEBI Master Circular.
Review the relevant IAASB Circular, wherever applicable.
Confirm whether any subsequent SEBI circular has modified the position.
Escalate complex issues before communicating a compliance opinion.
Every compliance opinion should be traceable to an identifiable regulatory source.
Link for the Docket
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