Someone sends you a chart on WhatsApp. A confident caption. The name attached is Aashish Bansal, research analyst.
Before you reply, before you pay, before you trust that stop-loss level, stop for a second. Checking takes five minutes. A wrong move takes a lot longer to fix.
This blog will tell you everything you can actually verify about Aashish Bansal research analyst, what a SEBI registration lets someone do, and what you can do if you find anything unlawful.
Who Is Aashish Bansal?
Aashish Bansal is a SEBI-registered individual Research Analyst based in Panchkula, Haryana.
Alongside that, he also runs his own Chartered Accountancy practice, Aashish Bansal & Associates.
By his own description, he moved from regular finance work into trading and investing over time.
According to his public profile, he shares market insights and educational content through LinkedIn and also refers to a community focused on technical analysis and market studies.
Keep this background in mind before you decide whether to work with him.
Is Aashish Bansal SEBI Registered?
Yes. Aashish Bansal is registered with SEBI as an individual Research Analyst under registration number INH000023533.
The registration became effective in October 2025 and has perpetual validity.
This means it remains valid unless the analyst faces regulatory action that leads to a SEBI research analyst registration cancellation, suspension, or other material changes to their status
The registration record also lists the contact email as [email protected] and the registered office address as Flat No. 202B, GH-10, The Bihta Apartments, Sector 24, Panchkula, Haryana -134116.
These details are part of the official information maintained by SEBI for the registered Research Analyst.
However, verifying the registration is only the first step.
A valid SEBI registration confirms that Aashish Bansal is legally authorised to provide research services under the SEBI (Research Analyst) Regulations.
It also means he is expected to follow the regulatory standards and compliance requirements applicable to registered Research Analysts.
What the registration does not tell you is equally important. It does not indicate whether the research recommendations are consistently profitable, whether the subscription fees offer good value, or whether the service is suitable for your financial goals.
Those are questions that cannot be answered by a registration number alone.
This is why it is worth looking beyond the registration details.
Before paying for any research service, you should understand what a SEBI-registered Research Analyst is legally allowed to do, what the regulations require them to follow, and what you should verify as an investor.
That’s exactly what we’ll look at in the next section.
What the Law Requires vs. What We Found: Things to Check Before You Pay Aashish Bansal
To understand if a SEBI-registered analyst is operating safely, you have to look at what their license actually permits them to do.
An RA is legally allowed to share general research for a wide audience, but they are strictly prohibited from giving personalized investment advice or guaranteeing profits.
If you are considering subscribing to Aashish Bansal’s research, run through these critical checkpoints where the legal rules meet his actual online presence:
1. The Missing Disclosure Document
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The Rule: SEBI requires Research Analysts to provide clients with the necessary disclosures before offering paid research services.
These disclosures generally include information about fees, conflicts of interest, and other important terms so that clients can make an informed decision. -
The Gap: At the time of our review, we could not identify a publicly available disclosure document or a dedicated page explaining the fee structure for his research services.
If you are considering a paid subscription, ask for these documents before making any payment.
2. Mixed Professional Hats
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The Rule: While an individual can run a parallel professional practice, SEBI treats research analyst activities as an entirely separate role from other businesses.
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The Gap: Publicly available information shows that Aashish Bansal also operates a Chartered Accountancy practice.
Since Research Analyst activities are regulated separately under SEBI regulations, investors should ensure that any paid investment research is being provided under the registered Research Analyst framework rather than another professional capacity.
3. Official vs. Unofficial Communication Channels
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The Rule: Research Analysts are expected to maintain proper records of their research reports and client communications in accordance with SEBI regulations.
Using clear and identifiable communication channels also makes it easier for investors to verify the source of research. -
The Gap: His LinkedIn profile refers to a community called Market Minds by AA for market-related content.
However, before relying on any group, website, or messaging channel, verify that it is officially operated by the Research Analyst.
If there is any uncertainty about whether a channel is genuine, request confirmation before joining or making any payment.
4. High Impersonation Risk
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The Rule & Risk: SEBI registration numbers are publicly available, which unfortunately means fraudsters sometimes misuse the names and registration details of genuine Research Analysts to create fake WhatsApp or Telegram groups.
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The Gap: Before sending money or acting on investment recommendations, verify that you are communicating through the Research Analyst’s official contact details.
If someone contacts you unexpectedly using Aashish Bansal’s name or SEBI registration number, confirm their identity independently before proceeding.
The Golden Rule of an RA License: A SEBI registration proves authority, not guaranteed performance.
An RA can issue buy/sell calls to a general audience, but the moment someone offers to build you a personalized portfolio strategy or requests access to your trading account, they are operating completely outside what the license allows.
How To Raise a Complaint Against a Research Analyst?
If Aashish Bansal has offered you paid research, a Telegram group, or trading calls, and something about the deal feels off, here is the general complaint process.
This is the same one that applies to any SEBI-registered analyst.
If you are looking up Aashish Bansal complaints online or wondering how to resolve an issue, knowing the right escalation route saves you time and stops you from missing a step.
Step 1: Raise the Complaint Directly with the Analyst
SEBI rules give a research analyst 21 days to respond once you raise a complaint.
Put your complaint in writing, keep a copy, and note the date you sent it. Most escalation routes expect you to try this first.
Step 2: File a Complaint on SCORES Portal
SCORES is SEBI’s own online complaint system.
Upload your evidence, chats, and proof of payment here.
This puts your complaint on official record and usually forces a response window from the analyst.
Step 3: Raise a Complaint with SMART ODR
SMART ODR is a separate platform for resolving securities disputes online.
This step is about conciliation or mediation, basically trying to settle things without a binding order. It is quicker and less formal than the next step.
Step 4: Stock Exchange Arbitration
Arbitration is its own process, and it is binding, unlike conciliation under SMART ODR.
If mediation does not work out, arbitration gives you a formal award. Expect more paperwork and a longer timeline here.
Confused about your next step?
If you’re facing an issue with Aashish Bansal’s research services or with any other SEBI-registered Research Analyst, our team can help you assess your case, organise your evidence, and draft your complaint before you approach SEBI SCORES or SMART ODR.
Conclusion
Check before you pay. Confirm the registration number yourself on SEBI’s official intermediary records.
Get the disclosure document in writing. Save every message from day one, and stay alert for impersonation since there is no verified public channel to check against.
Right now, Aashish Bansal, a research analyst, shows up as an active, SEBI-registered individual with no public complaint history.
That can change, so verify again whenever you actually engage, instead of relying on this piece or any single source. Don’t forget to report when it is needed.
Frequently Asked Questions
1. Is Aashish Bansal a SEBI-registered research analyst?
Yes, under registration number INH000023533, shown as active with perpetual validity.
2. Can a research analyst also run a CA practice?
Yes, plenty of individual RAs run a parallel professional practice. SEBI treats the two as separate roles.
3. What if a research analyst asks for a personal UPI payment?
Say no, and ask for a registered business account instead. Paying into a personal account makes any future complaint harder to pursue.
4. How long does a research analyst have to respond to a complaint?
SEBI rules give them 21 days from the date of a formal complaint.
