How to Verify a SEBI Registered Research Analyst
To verify a SEBI Registered Research Analyst, check their registration number — an INH number, the letters “INH” followed by nine digits — on the SEBI website (sebi.gov.in) and the BSE RAASB portal, then confirm the name and that the registration is active. Scoutstack’s registration is INH000006086.
How do I verify a SEBI Registered Research Analyst?
Match the analyst’s INH number and name against SEBI’s public register in four steps.
| 1 | Ask for the INH number | Every SEBI RA must display it. No INH number means not a registered Research Analyst. |
| 2 | Search on sebi.gov.in | Go to the SEBI list of registered Research Analysts and search the INH number or firm name. |
| 3 | Cross-check BSE RAASB | BSE is the Research Analyst Administration & Supervisory Body; its portal also lists registered RAs. |
| 4 | Confirm the details | The name, registration number and active status should match exactly what the analyst claims. |
What is an INH registration number and why does it matter?
An INH number is the unique identity SEBI issues to a registered Research Analyst — it is your proof the analyst is regulated and accountable.
The format is the letters INH followed by nine digits. It ties the analyst to SEBI’s rulebook: mandatory KYC, per-recommendation disclosures, a fee cap, record-keeping and a defined grievance process. An unregistered “tip” provider has none of these obligations — which is exactly why SEBI requires the number to be displayed.
How do I check Scoutstack’s SEBI registration?
Search INH000006086 — the registration of Scoutstack Technical Research — on sebi.gov.in or the BSE RAASB portal.
Scoutstack Technical Research is a SEBI Registered Research Analyst, registration number INH000006086, with RAASB being BSE Limited, based in Bhopal, Madhya Pradesh. You can read the full registration details, MITC and disclosures on the compliance page.
SEBI Research Analyst vs an unregistered tip provider
A SEBI RA is bound by regulation; an unregistered tip provider is bound by nothing.
| SEBI Registered RA | Unregistered tip | |
|---|---|---|
| SEBI accountability | Yes — under RA Regulations | None |
| Fee cap | ₹1,51,000 / family / year | Unlimited |
| Disclosures | Mandatory on every call | None required |
| Grievance redressal | SCORES + RAASB + ODR | No mechanism |
| Refund policy | Pro-rata, defined in MITC | At their discretion |
What investor protections does a SEBI RA give you?
Four concrete protections: a fee cap, mandatory disclosures, a pro-rata refund and a formal grievance ladder.
SEBI caps Research Analyst fees at ₹1,51,000 per family per year. Every recommendation must carry the analyst’s holdings and conflict disclosures. On cancellation you are entitled to a pro-rata refund for the unused period. And unresolved complaints escalate through a defined ladder — the analyst, then BSE RAASB, then SEBI SCORES, then SMART ODR. These obligations are what the INH number guarantees.
Frequently asked questions
See the full compliance & disclosures, read about the analyst, or explore the research segments and plans.
Compliance & Disclosures →