Q.2 : There seems to be no clarity on the BASL membership. The BASL website is bare and lacks proper instruction and guidance. Many media and third-party sources have conflicting information on the same.It would be great if someone could give some straight answers on BASL membership, how to go about it, the forms, contact person, documents required, etc.

Response:

Background:

BASL = BSE Administration and Supervision Ltd. (BASL)

IAASB = Investment Adviser Administration and Supervisory Board (IAASB)

SEBI has recently granted recognition to BASL to act as IAASB for 3 years from 1-6-2021.

— under existing IA Regulations (specifically Regulation 14)

Clarity:

Membership of BASL is mandatory.

Last date for existing RIAs to register with BASL = 31-8-2021

In-fact guidelines and compliances required by BASL, have to be followed.

How to register with BASL:

Step-1: Create user login and activate:

https://membership.bseasl.com/register.aspx

Step-2: Login and submit details and documents

https://membership.bseasl.com/

BASL Officials Support Contact:

(a) Correspondence Address :

BSE Administration & Supervision Ltd.

First Floor, P.J. Towers, Dalal Street,

Fort, Mumbai 400 001.

(b) Website:

https://www.bseasl.com/member.html

(c) Email Address:

bseasl.membership@bseasl.com

(d) Contact Officials :

Ms. Manjiri Nimkar – 9867241256

Mr. Surendra Rashinkar – 9819555418

—Replied by: ARIA forum expert, CA. Sanjay Kadel ( sk@sanjaykadel.com)

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