Any individual who gives share market tips to his customers is known as an investment adviser. Nonetheless, the speculation counsel directions have exempted certain classifications of people from the necessity of enrollment. These include:
Any individual who gives general remarks on money related patterns, monetary circumstance which isn't stock/item particular.
Protection operators or dealers giving speculation exhortation just in protection items.
Benefits counselors offering speculation exhortation just on annuity items.
Shared store wholesaler, who gives speculation counsel accidental to appropriation of common reserve items.
Backers, Solicitors, individual from Institute of Chartered Accountants of India, individual from Institute of Company Secretaries of India, Institute of Cost and Works Accountants of India, Actuarial Society of India or some other expert body giving venture counsel coincidental to their expert administration.
Stock representative or sub-specialist, portfolio supervisor enrolled under SEBI (Portfolio Manager) Regulations, 1993, dealer broker giving speculation exhortation coincidental to their essential movement.
Reserve directors of shared assets, elective speculation stores.
A man giving venture counsel just to customers based out of India, not being Non Resident Indians or Persons of Indian Origin.
Above stated all advisers are exempted from the tiresome rules and regulations while providing free stock option tips intraday.