Gujarat HC says NISM exam does not replace SEBI registration
In short
The Gujarat High Court has said that passing the NISM exam is not enough to become a SEBI-registered research analyst.
It vacated interim protection for NISM-certified individuals and said SEBI registration is still mandatory. This affects people who wanted to work as research analysts without that registration.
What the reporting says
The Gujarat High Court vacated interim protection for NISM-certified individuals and said passing the NISM examination does not make them SEBI-registered research analysts. The ruling affects people relying on the certification alone to function as research analysts.
Why it matters
The Gujarat High Court vacated interim protection for NISM-certified individuals and held that the NISM examination does not confer SEBI-registered research analyst status without the required registration. The order affects certified individuals who may have been relying on the exam alone to work in that role.