Mastering Procedural Rigor: SEBI’s Proxy Advisor Guidelines

Imagine you are an analyst reviewing a high-stakes proxy advisory report for an upcoming Annual General Meeting (AGM). The report recommends voting against the reappointment of a director, citing a potential conflict of...

Mastering Regulation 18: Integrity in Public Appearances and Conduct

Imagine you have just released a robust valuation model for a mid-cap manufacturing firm, arriving at a 'Sell' recommendation based on a projected margin contraction. Minutes later, you are invited to join a panel on a...

Mastering Regulation 26A: Navigating Dispute Resolution in Research

Imagine you have just published a sector report on the Indian pharmaceutical industry, and an institutional client alleges that your misinterpretation of a specific patent litigation risk caused them to execute a...

Mastering SEBI Regulation 20: The Anatomy of a Compliant Research Report

Imagine you have just completed an exhaustive DCF model on a mid-cap manufacturing firm. You are ready to issue a 'Buy' recommendation, feeling confident that your projections of free cash flow growth are robust. Before...

Navigating Compensation Disclosure: The Pillar of Analyst Independence

Imagine you are finalizing a comprehensive valuation model for a mid-cap manufacturing firm. You have spent weeks analyzing the company’s supply chain efficiency and margin expansion potential, ultimately arriving at a...

Navigating Dispute Resolution: The SCORES Framework and Investor Grievances

Imagine you have just published a sector report on the FMCG industry, and a retail client alleges that your recommendation was influenced by an undisclosed position your firm held in a recommended stock. The client files...

Navigating Material Conflicts of Interest in Equity Research

You are deep in the final stage of drafting a 'Strong Buy' recommendation for a mid-cap manufacturing firm. While reviewing your internal compliance checklist, you note that your firm’s proprietary desk recently acquired...

Navigating Regulation 16: The Ethics of Analyst Personal Trading

Imagine you have just finished a deep-dive valuation model on a mid-cap IT services company. Your analysis suggests a significant upside, and your fingers are hovering over your brokerage app, tempted to accumulate...

Navigating Regulation 18: Protecting Analytical Integrity Against External Pressure

Imagine you are finalizing a valuation model for a mid-cap manufacturing firm. A senior colleague from the sales department approaches you, suggesting that if you upgrade the stock to 'Buy,' the company’s management...

Navigating Regulation 26C: Mastering Client-Level Segregation for Analysts

Imagine you are an analyst covering the retail sector. Your firm manages two distinct investment mandates: a large-cap focused mutual fund that requires high liquidity and a boutique high-net-worth portfolio that pursues...