Compliance & Legal
SEBI compliance, disclosures & policies
Transparency is non-negotiable. Find our SEBI registration details, mandatory disclosures and operating policies below.
Statutory Disclaimer: Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM does not guarantee performance of the intermediary or assure returns to investors.
SEBI Disclosures & Registration
- •Entity Name: First Investment Research Pvt. Ltd. (FIR).
- •SEBI Registered Research Analyst — Registration No.: INH000027858.
- •Type of Registration: Research Analyst (RA).
- •Validity: Perpetual, subject to ongoing compliance with SEBI (Research Analysts) Regulations, 2014.
- •Registered Office: 1)No. 100/1A, 19-6-17/b1, 6th Room, D'R Mahal Road Commercial area, Tirupati, 517501.
- •Corporate Identity Number (CIN): U67100MH2018PTC312456.
- •Principal Officer: Mr. A. Verma | firstinvestmentresearch@gmail.com
- •Compliance Officer: Ms. S. Rao | firstinvestmentresearch@gmail.com | +91 9113218952
Investor Grievance Redressal
- •For any complaints or service issues, please email firstinvestmentresearch@gmail.com. We acknowledge complaints within 24 hours and resolve them within 21 working days.
- •If unresolved, investors may escalate to SEBI via the SCORES portal at https://scores.gov.in, or use the Online Dispute Resolution (ODR) portal at https://smartodr.in.
- •Investors may also reach SEBI's toll-free helpline at 1800-22-7575 / 1800-266-7575.
Risk Disclosure
- •Investments in securities market are subject to market risks. Read all related documents carefully before investing.
- •Registration granted by SEBI and certification from NISM does not guarantee performance of the intermediary or assure returns to investors.
- •Past performance is not indicative of future results. Securities investments are subject to price, liquidity, credit, currency and other risks.
- •Clients are advised to invest only such amounts that they can afford to lose without affecting their financial wellbeing.
Research Analyst Disclosure
- •FIR or its associates / analysts may or may not hold positions in the securities discussed in published research at the time of publication. Where holdings exist, they are disclosed in the relevant report.
- •Analysts certify that the views expressed in any research report accurately reflect their personal views and that no part of their compensation was, is, or will be directly or indirectly related to specific recommendations or views.
- •FIR does not engage in investment banking, market making or merchant banking activities.
Conflict of Interest Disclosure
- •FIR does not receive any commissions, brokerages, referral fees or trail income from product manufacturers, AMCs, brokers or distributors.
- •Subscription / research subscription fees disclosed to the client are the sole source of revenue for research services.
- •Any potential conflict — including holdings of analysts or related parties — is disclosed in the relevant research note.
Terms & Conditions
- •Services rendered by FIR are subject to acceptance of our client agreement, Risk Profiling, KYC verification and applicable SEBI regulations.
- •Research recommendations are non-binding views; clients are solely responsible for their investment decisions.
- •FIR reserves the right to refuse service to any prospect at its sole discretion, in line with regulatory norms.
Privacy Policy & Data Protection
- •We collect only the personal data required to onboard you, comply with KYC/AML regulations and deliver our services.
- •Client data is stored on secure servers with restricted access. We do not sell, rent or share client data with third parties for marketing.
- •Data is processed in accordance with the Digital Personal Data Protection Act, 2023 and applicable SEBI guidelines.
Refund Policy
- •Subscription fees once paid are non-refundable except where mandated by regulation or expressly stated in your service agreement.
- •In case of duplicate payment or technical error, please write to firstinvestmentresearch@gmail.com within 7 days for resolution.
KYC / AML Policy
- •Client onboarding requires PAN, address proof and a SEBI-prescribed risk profiling questionnaire.
- •FIR follows PMLA (Prevention of Money Laundering) guidelines and reports suspicious transactions to the relevant authority.
Investor Charter (Research Analyst)
- •Right to fair, ethical and timely research services in accordance with SEBI Research Analyst Regulations.
- •Right to receive complete disclosures about fees, conflicts of interest and analyst holdings.
- •Right to grievance redressal through internal escalation and external mechanisms (SCORES / ODR).
- •Obligation to provide accurate KYC information and to make informed investment decisions.
Complaint Handling Process
- •Step 1: Email firstinvestmentresearch@gmail.com — acknowledgement within 24 hours.
- •Step 2: Internal review and resolution within 21 working days.
- •Step 3: If unresolved, escalate to SEBI SCORES (scores.gov.in) or ODR (smartodr.in).