Quick Summary
Amit Kori holds SEBI Research Analyst registration INH000009547 since April 2022. The firm claims 11 years of stock market experience but the SEBI registration is only three years old. The quarterly plan at Rs. 95,000 exceeds SEBI’s Rs. 1,51,000 annual cap within two renewals. The disclosure page states Amit Kori personally trades in the securities he recommends, which is a conflict of interest SEBI requires proactive disclosure for. The refund policy describes all charges as final. Four specific concerns, all from the firm’s own published content.
Amit Kori holds SEBI Research Analyst registration INH000009547. The registration is active.
The firm is based in Madhya Pradesh and offers equity research through a tiered subscription structure.
That is the registration picture. What the firm’s own website reveals beyond the registration number is the more interesting question.
The website claims 11 years of stock market expertise. The SEBI registration was granted in April 2022.
The firm’s quarterly plan at Rs. 95,000 exceeds SEBI’s annual fee cap within two renewals.
The disclosure document states Amit Kori personally trades in the securities he recommends to clients.
And the refund policy states all charges are final with no provision for pro-rata exit.
Four concerns, all visible on the firm’s own pages before you pay a rupee.
Amit Kori Research Analyst Registration and Who Holds It?
Amit Kori holds SEBI Research Analyst registration INH000009547. The registration is in his personal name as an individual, not through a company structure.
Individual registration means the licence belongs to Amit Kori personally. Every recommendation made under this number, every mandatory disclosure, and every complaint received through this registration is his direct responsibility.
Verify the registration independently at sebi.gov.in under the Research Analyst intermediary category using INH000009547. Confirm the status shows Active before making any payment.
Amit Kori’s 11-Year Claim vs the 2022 Registration
The firm’s website states “11 years of stock market expertise” as a core credibility marker. This is the first thing many visitors see.
Amit Kori’s SEBI Research Analyst registration was granted in April 2022. That is approximately three years ago as of this writing.
SEBI registration is required to legally provide research advisory services as a business. Operating as an unregistered advisory before 2022 would have been illegal under SEBI’s Research Analyst Regulations.
Whether the 11-year claim refers to personal investing experience, informal market participation, or something else is not explained anywhere on the website.
SEBI’s Advertisement Code requires that claims made in marketing material be factual and not misleading.
A claim of 11 years of expertise in a context designed to build subscription confidence, when the regulated business has been operating for three years, creates a specific question about what those 11 years represent.
This is not automatically evidence of wrongdoing. It is a discrepancy between the marketing claim and the verifiable regulatory record that any serious investor should ask about before paying.
Amit Kori Research Analyst’s Quarterly Plan and SEBI’s Annual Fee Cap
SEBI caps the total fees a single client can pay to one registered Research Analyst at Rs. 1,51,000 per financial year across all plans combined.
Amit Kori offers a quarterly plan priced at Rs. 95,000. Two quarterly renewals in the same financial year cost Rs. 1,90,000.
That exceeds SEBI’s annual cap by Rs. 39,000 on the second renewal alone.
The firm’s pricing page does not disclose the Rs. 1,51,000 annual limit anywhere visible.
An investor who subscribes to the quarterly plan and renews once in the same financial year crosses the regulatory ceiling without any visible warning.
If your combined payments to Amit Kori in any financial year exceeded Rs. 1,51,000, the excess may be recoverable through a formal SEBI SCORES complaint,
Amit Kori’s Personal Trading Conflict of Interest
Amit Kori’s disclosure document, published on the website as a mandatory SEBI compliance requirement, states that he personally trades in the securities he recommends to clients.
SEBI’s Research Analyst Regulations require analysts to disclose their holdings in every research report whenever they recommend a security.
This requirement applies to each recommendation, not as a general disclaimer.
Analysts must clearly tell clients whether they currently hold, are buying, or are selling the recommended security at the time they issue the recommendation.
A general disclosure that the analyst “may trade” in recommended securities does not satisfy the per-recommendation specific disclosure requirement.
An investor receiving a buy call on a specific stock cannot determine from a general disclaimer whether Amit Kori currently holds that stock, is buying it ahead of the recommendation, or is selling it after tipping it.
This is one of the most serious compliance concerns on the site because the conflict of interest exists at the moment of each recommendation and the disclosure framework for it is inadequate.
Amit Kori Research Analyst Refund Policy
The firm’s refund policy states that all charges are final and no refund is available once a subscription is activated.
SEBI’s December 2024 amendment to the Research Analyst Regulations and the January 2025 Guidelines changed this position.
Registered Research Analysts are now required to refund the pro-rata unused portion of any advance fee when a client exits early.
No breakage fee or cancellation penalty is permitted.
A blanket no-refund policy published on the website does not override this regulatory requirement. SEBI’s rule sits above any firm-level policy.
If you subscribed to Amit Kori’s research services and want to exit before the subscription period ends, you may be entitled to a pro-rata refund under current SEBI regulations regardless of what the firm’s own refund policy states.
What to Do If You Have Already Subscribed to Amit Kori’s Services?
If your experience involved fees above Rs. 1,51,000 in any financial year, a refund refused for an unused subscription period, or advice that appeared to benefit the analyst’s own trading position rather than yours, the formal complaint process applies.
The complete step-by-step complaint process including how to file on SEBI SCORES with INH000009547, how to escalate to SMART ODR, and what arbitration looks like is on the SEBI registered page.
Read the complete complaint guide in this blog: Is Amit Kori Research Analyst SEBI registered?
Our team files your SEBI SCORES complaint, prepares the documentation, and represents you through SMART ODR and arbitration.
Conclusion
Amit Kori holds a valid SEBI registration. INH000009547 is active and verifiable. That is confirmed.
What the registration cannot confirm is whether the 11-year experience claim is consistent with the regulatory record, whether the quarterly plan pricing stays within the annual cap on renewal, whether the per-recommendation conflict of interest disclosure is adequate, or whether the no-refund policy reflects current SEBI requirements.
Four specific concerns appear on the firm’s own published pages. All four are visible before any money is paid.
Frequently Asked Questions
Amit Kori holds SEBI Research Analyst registration INH000009547. The registration is active and verifiable at sebi.gov.in under the Research Analyst intermediary category.
The quarterly plan is priced at Rs. 95,000. Two renewals in the same financial year total Rs. 1,90,000, which exceeds SEBI's Rs. 1,51,000 annual cap. The pricing page does not disclose this limit. If your combined annual payments exceeded Rs. 1,51,000, the excess may be recoverable.
The website claims 11 years of stock market expertise. The SEBI registration was granted in April 2022, making the regulated business approximately three years old. The discrepancy between the marketing claim and the verifiable registration record is unexplained on the website and is worth asking about before subscribing.
The disclosure document states that Amit Kori personally trades in the securities he recommends. SEBI requires per-recommendation specific disclosure when the analyst holds a position in the recommended security, not just a general disclaimer. A general statement that the analyst may trade does not satisfy this specific disclosure requirement.
The published refund policy states charges are final. However, SEBI's December 2024 amendment requires registered Research Analysts to refund the pro-rata unused portion of advance fees on early exit. SEBI's regulation overrides any firm-level policy. A refund claim on this basis can be raised through SEBI SCORES.
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