How to Withdraw from a Partnership in India
Starting a new business with a partner is exciting, isn’t it? But, as seen at times, things do not always quite go as expected. Any of the partners, volunta ...
Execution Only Platforms (EOP) Compliances
Ensure Compliance with Ease! Get our expert guidance on Execution Only Platforms (EOP) registration and compliances.
10000+
Happy Customers
15+
Industry Experience
50+
Experience CA + Lawyers
Free Consultation by Expert
- Legal Entity: Your company must be a registered entity under the Companies Act, 2013.
- Financial Stability: Maintain a robust financial position with a net worth of at least INR 5 crore, as per the latest audited balance sheet.
- Technology Infrastructure: Establish a resilient IT infrastructure to support seamless transactions on the platform.
- Compliance Culture: Foster a strong compliance culture within your organization, ensuring adherence to all regulatory requirements.
Execution Only Platforms (EOPs) can register with AMFI in two categories:
- Category 1 EOP: Category 1 EOPs act as agents of Asset Management Companies (AMCs) and facilitate online transactions in mutual funds. They are not permitted to provide any investment advice or recommendations to investors.
- Category 2 EOP: Category 2 EOPs act as agents of investors and facilitate online transactions in mutual funds. They are permitted to provide limited investment advice, such as providing basic information about mutual funds and explaining the features and risks of different types of funds.
Registration Process:
- Download the application form from the AMFI website.
- Fill out the form accurately, providing all required information.
- Attach copies of supporting documents.
- Submit the completed application form along with supporting documents to AMFI.
- AMFI will verify the submitted documents and conduct background checks.
- Upon successful verification, AMFI will issue a registration certificate to the EOP.
- Get our expert guidance on AMFI (Execution Only Platforms) Regulations, 2023, and the AMFI (Mutual Funds) Regulations, 1996 act and the intricacies of these regulations and ensure they meet all compliance requirements.
- We assist EOPs in preparing and filing various AMFI filings, such as registration documents, periodic financial statements, investor transaction reports, and grievance redressal reports.
- Get our expert advice to EOPs on various AMFI-related matters, such as investor protection measures, platform security protocols, record-keeping procedures, and dispute resolution mechanisms. They help EOPs make informed decisions and avoid potential regulatory pitfalls.
- Assist EOPs in establishing robust internal control systems and risk management frameworks to ensure compliance with AMFI's regulations and identify and mitigate potential risks that could lead to non-compliance.
- Helping EOPs in developing and implementing effective AML compliance programs.
Mr. Manish is highly professional. We get the best service and advice. Very punctual and dedicated team, always stays upfront in informing anything to avoid obligations. Thank you so much.
Raman Shukla
COO at VSERV Infosystems & Founder VSERV Academy
Mr. Manish Mishra's team provided invaluable guidance and expertise in Fintech and NBFC advisory, helping us navigate complex financial regulations and achieve remarkable growth in our business. Their insights are truly a game-changer.
Abhishek M R
Managing Director AMR FINANCE PVT LTD
Mr. Manish, as our Virtual CFO, has been instrumental in propelling our business to spontaneous growth. His expert guidance and strategic insights have transformed our financial landscape, paving the way for remarkable success.
Ajay Kumar
Founder & CEO - Eagabriz Shipping Pvt Ltd
An Execution Only Platform (EOP) is an online platform that allows investors to directly execute their mutual fund transactions, such as subscriptions, redemptions, and switches, without the need for a distributor or advisor. EOPs act as intermediaries between investors and mutual fund houses, facilitating seamless and transparent transactions.
There are several benefits to using an EOP, including:
Convenience: EOPs offer investors the flexibility to transact mutual funds anytime, anywhere, from any device.
Transparency: Investors are provided with real-time order execution and transparent pricing, ensuring complete clarity about fees and costs.
Efficiency: EOPs streamline the mutual fund transaction process, making it faster and more efficient for investors.
Cost-effectiveness: EOPs typically charge lower fees than traditional mutual fund distributors, providing a more cost-effective investment option.
To be eligible to use an EOP, investors must meet the following criteria:
- Be a resident of India
- Have a bank account linked to their PAN (Permanent Account Number)
- Have an existing mutual fund folio
- Have a valid Demat account (if applicable)
The fees associated with using an EOP vary depending on the EOP and the type of transaction. However, EOPs typically charge lower fees than traditional mutual fund distributors.
Why LLP Registration is the Best Option for You
A Limited Liability Partnership (LLP registration), as the name proposes, is a corporate business entity that enables a partnership between the business partne ...
5 Reasons to Register Your Partnership Firm
Most start-ups in recent times are thus evolving as partnership firms. Predominantly, the business types in India are either proprietorship firms or partnershi ...