Individual Investment Adviser to company
An individual Investment Adviser has a ceiling. Past 300 clients, or Rs 3 crore of fees in a financial year, you have to apply to become a non-individual adviser. You get three months to complete the transition. We prepare the application and the company behind it.
Individual Investment Advisers.
To see when this and your other duties fall due, use the free compliance calendar.
- The trigger is 300 clients at any point of time, or Rs 3 crore of fees collected in the financial year, whichever comes first.
- You apply for in-principle registration as a non-individual Investment Adviser.
- The in-principle approval is valid for up to three months to complete the transition.
- You carry on servicing existing clients during the transition.
- The old registration number can be retained.
- If non-individual registration is not obtained, you continue as an individual adviser and have to stay within the client and fee limits.
- Track your client count and fees against the two triggers, so you know before you cross.
- Prepare the in-principle application to the BSE administration body.
- Prepare the company or LLP documents and the non-individual registration file.
- Move your agreements, website and disclosures to the new entity.
- Your current client count and the fees collected so far this financial year.
- Your registration details and the structure you want, company or LLP.
- Your qualification and NISM records, and those of the people who will be associated with the advice.
₹35,000
Preparing the in-principle application and the non-individual registration file. Setting up the company or LLP, and SEBI and BSE fees, are extra.
Which limit comes first?
Whichever you reach first, 300 clients at any point of time or Rs 3 crore of fees in the financial year.
Can I keep my registration number?
Yes. The old registration number can be retained after the transition.
Can I keep working with clients during the move?
Yes. You continue to service existing clients during the transition period.
What if I do not get the new registration?
You continue as an individual adviser and must stay within the client and fee limits.
Want this taken off your list?
Tell us your registration type and financial year end. We will tell you what we would handle and what we need from you.
Sources: SEBI FAQs for Registered Investment Advisers, 13 August 2025; SEBI circular 2025/003 of 8 January 2025 (Guidelines for Investment Advisers); SEBI Master Circular for Investment Advisers, 6 February 2026.