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Abhishek PanegalAbhishek Panegal asked 10 months ago

Dear Sir,
In this question why is it that fees on ” % of loan raised ” & on ” % of credit facility availed ” regarded as professional misconduct ? Is it that the fund raised to be IPO or any other specific mode ? As loan raising is also form of fund raising. Kindly clarify

1 Answers
RaviRavi Staff answered 10 months ago

Note of this question was accidentally included in next question, below is the text of the same
“Certain Fund-raising Services” falls under exemption of regulation 192 but what falls under “Certain fund-raising services “ is not defined anywhere. This question was answered by the institute on the basis that since nothing is defined as to what falls under certain fund-raising services no exemption would be available under regulation 192 . Only the services that would be listed in future under certain fund raising services will be get the exemption.
I know above thing is weird and i personally dont agree with this but i spoke for longtime with BOS on this case and they were not ready to accept any logics, they simply said above 

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