For SEBI-registered Research Analysts in India
Annual compliance audit pack for SEBI Research Analysts
Every RA needs an annual compliance audit, and the auditor asks for the same records each year. Aktai builds them into one pack per financial year, laid out against the rows of BSE’s audit annexure for RAs, so your auditor starts from evidence instead of an empty folder.
Included on: All plans
What it does
- One pack per financial year: a PDF for the auditor, a CSV ledger and a JSON copy.
- A cover page with your enlistment number, part-time status, principal and compliance officers and active clients at the year end.
- All 86 rows of BSE’s FY2025-26 annexure to the audit report, in BSE’s order, each pointing to the pack sections that evidence it.
- A provision index that lists each Reg 25(1) item and where its evidence is, with rows kept outside Aktai explained.
- Client counts from the status history: active at the year end, and the most active at the end of any day in the year.
- Sent calls with their rationale, complaints with the 21-day split, consents in force and exceptions, and the full interaction log.
How it works
Pick the year
Choose the financial year. Figures are taken as at its last day.
Download
Get the PDF, the CSV ledger and the interaction log export.
Hand it to your auditor
They work down BSE’s annexure rows with the evidence next to each.
Fill the gaps
Rows that need records kept outside Aktai are marked, so nothing is assumed.
Before and after
| Task | By hand | With Aktai |
|---|---|---|
| Collecting evidence | Weeks of exporting chats and invoices. | One download per financial year. |
| BSE annexure | Auditor maps 86 rows by hand. | Each row points to its evidence. |
| Client counts | Estimated from a current list. | Taken from the status history for any day. |
| Complaints | Counted from an inbox. | From the register, split by the 21-day limit. |
The SEBI rule behind it
- RA Regulations 2014, Reg 25(3); RA Master Circular (6 Feb 2026), para 1.14
- An annual compliance audit of the previous financial year, completed by 30 September and submitted by 31 October.
- RA Master Circular (6 Feb 2026), para 1.2
- The deposit tier depends on the most clients the RA had on any day of the previous financial year.
Summaries in plain words, not the legal text. SEBI amends its rules and circulars, so check the current version on sebi.gov.in before you rely on any of this. Aktai is the software and the record. Compliance stays with you as the registered Research Analyst. This is not legal advice.
What it does not do
- The pack collects evidence. It never marks a row as compliant, and your auditor decides the findings.
- Some rows need records Aktai does not hold, such as your deposit or NISM certificates. The pack says which.
Frequently asked questions
What is in the audit pack?
A cover page, the BSE annexure row map, a provision index for Reg 25(1), client counts, sent calls with rationale, notes, complaints, consents, fees and the interaction log, as at the financial year end.
Does it follow BSE’s format?
It lists all 86 rows of BSE’s FY2025-26 annexure to the audit report for RAs in BSE’s order, and points each to the pack sections that evidence it. The auditor still fills the annexure on BSE’s portal.
Will it pass my audit?
Nobody can promise that. The pack collects the evidence. The auditor reviews it and decides the findings.
Why does it count clients by day?
The RA deposit tier depends on the most clients you had on any day of the year. Aktai takes that from a history of every client activation and deactivation.
In what formats?
A PDF for the auditor, a CSV ledger and JSON, plus an export of the interaction log.
Related features
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