Home>Q.6 : For an Individual RIA who does not have any employee, is it essential to register with CEERSAI CKYC? If so, how should the RIA go about it i.e. if they push their spouse to become a formal employee of the proprietorship, won’t this violate some other laws e.g. minimum wages to be paid to the spouse, and any other filings? Or should they just apply with an incomplete application form and let CERSAI reject the application?”.
Compliance Resources
Q.6 : For an Individual RIA who does not have any employee, is it essential to register with CEERSAI CKYC? If so, how should the RIA go about it i.e. if they push their spouse to become a formal employee of the proprietorship, won’t this violate some other laws e.g. minimum wages to be paid to the spouse, and any other filings? Or should they just apply with an incomplete application form and let CERSAI reject the application?”.
Sorry. This content is for Registered members of ARIA.
