Sebi has cancelled the registration certificates of 12 research analysts after they failed to pay renewal fees required to keep their registrations active. The order, issued on July 9, said every registered research analyst is required to pay renewal fees every five years from the date of registration. The regulator said the 12 entities and individuals had not paid the fees, due to which their certificates had ceased to be in force.
The names include Arjun Lenin, Anita Patnaik, CNI Research, East Bridge Advisors, Kushank Kamal Poddar, Manish Kumar, Praful Nath Purohit, proprietor of Market Future India, R K Global Shares & Securities Ltd, Raghavendra Rajendra, Raghuveer Singh Rathore, Rajesh Jain, proprietor of Jinanand Research Analyst, and S Venkateshwar Rao.
