Annual Compliance Audit Report
Compliance Status
This report details the compliance status of Alok Daiya, a SEBI registered Research Analyst (Reg. No. INH000011468), for the period ended March 31, 2024.
Audit Conducted
The audit was conducted in accordance with Regulation 25(3) of SEBI (Research Analysts) Regulations, 2014.
Scope of Audit
1
Internal Policies & Procedures
Review of internal policies and procedures
2
Registration & Capital Adequacy
Verification of certificate of registration and capital adequacy
3
Qualifications & Trading
Check of qualification requirements, personal trading by analysts
4
Research Reports & Disclosures
Examination of research report publication, disclosures, and distribution
Compliance Status: Registration and Qualifications
Registration
The Research Analyst has obtained a certificate of registration from SEBI as required.
Qualifications
The Research Analyst has fulfilled the requisite qualifications criteria.
Certifications
The Research Analyst possesses valid NISM certification for research analysts, valid until February 19, 2027.
Compliance Status: Research Practices
Research Recommendations
The Research Analyst provided research recommendations with supporting rationales, but did not issue formal research reports during the review period.
Disclosures
Necessary disclosures were provided along with recommendations, including information about financial interests and conflicts of interest.
Compliance Status: Ethical Practices
Conflict of Interest
Maintained arm's-length relationship between research activity and other activities.
Code of Conduct
Adhered to the Code of Conduct as specified in the Third Schedule.
Public Appearances
Made necessary disclosures during public appearances.
Record Maintenance
1
Research Recommendations
Maintained records of research recommendations provided.
2
Rationales
Kept records of rationales for research recommendations.
3
Public Appearances
Maintained records of public appearances.
4
Retention Period
All records are preserved for a minimum period of five years.
Additional Compliance Measures
Investor Charter
Published investor charter and disclosures of investor complaints on the website.
Advertisement Code
Complied with the advertisement code for Research Analysts as per SEBI circular dated April 05, 2023.
Brand Name Usage
Operates with the trade name "Alok Daiya", which is registered with SEBI.
Conclusion
Based on our audit, Alok Daiya has complied with the statutory provisions of the RA regulations and circulars issued by SEBI during the audit period. The Research Analyst has maintained a compliance mechanism as required by the regulations.