Kumar Sanjay

Businesses operating in regulated financial sectors need to follow anti-money laundering and reporting requirements. The Financial Intelligence Unit India, commonly known as FIU-IND, plays an important role in receiving, processing, analysing and disseminating information relating to suspicious financial transactions. It operates under the Ministry of Finance, Government of India. For businesses that fall within the definition of a reporting entity under applicable law, understanding FIU registration and the related reporting process is important for maintaining regulatory compliance. What Is the Financial Intelligence Unit India? The Financial Intelligence Unit India (FIU-IND) is India's central agency for financial intelligence relating to suspicious financial transactions. Its role includes receiving and analysing financial information and disseminating relevant intelligence to enforcement agencies and foreign financial intelligence units. The FIU full form is Financial Intelli...

  The insurance sector in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Businesses that want to operate as insurance brokers must obtain the applicable registration from the Authority and comply with the prescribed regulatory framework. An insurance broker license allows an eligible entity to undertake permitted insurance broking activities in accordance with IRDAI regulations. Depending on the category, a broker may provide services such as arranging insurance or reinsurance, advising clients, supporting risk management, and assisting with claims. It is important to distinguish an insurance broker from an insurance agent. An insurance agent licence generally relates to an individual or permitted entity acting as an agent for an insurer, whereas an insurance broker represents and provides services to clients within the scope permitted by the applicable regulations. What Is an Insurance Broker License? An insurance broker licence is a Ce...

  Mutual funds are an important part of India's investment ecosystem because they pool money from investors and invest it according to a defined investment objective. For an entity planning to establish and operate a mutual fund in India, regulatory compliance is essential. Registered Mutual Funds operate within the regulatory framework prescribed by the Securities and Exchange Board of India (SEBI). The registration of mutual fund with SEBI India is governed primarily by the SEBI (Mutual Funds) Regulations, 1996. The framework covers registration, governance, trustees, asset management companies (AMCs), custodians, scheme launches, disclosures and ongoing compliance. What Are Registered Mutual Funds? Registered Mutual Funds are mutual funds that have obtained the required registration from SEBI and comply with the applicable regulatory requirements. SEBI maintains a public database of registered mutual funds, including their registration numbers and validity details. As of Septemb...

  Underwriting is an important activity in the securities market because it provides additional support to companies raising capital through securities issues. An underwriter assumes a specified commitment to subscribe to securities when the securities offered by an issuer are not fully subscribed, subject to the terms of the applicable underwriting arrangement. In India, underwriting activities are regulated within the securities-market framework administered by the Securities and Exchange Board of India (SEBI). The SEBI regulations regarding underwriting cover important areas such as registration, eligibility, capital adequacy, agreements with clients, professional responsibilities, record keeping and regulatory compliance. For businesses planning to undertake underwriting activities, understanding these requirements is important before entering into an underwriting arrangement or applying for registration. What Are SEBI Regulations Regarding Underwriting? The SEBI regulations re...