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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Fund Distribution and Channel Management Practices

Which of the following is the body that issues the ARN (AMFI Registration Number) to mutual fund distributors in India?

AMFI issues the ARN to mutual fund distributors who have cleared the NISM-Series-V-A certification and satisfy the other requirements. SEBI sets the regulatory framework, but the ARN itself is issued through AMFI's registration process, not by RBI or the Registrar of Companies.

  1. ASecurities and Exchange Board of India directly
  2. BReserve Bank of India
  3. CAMFI through its authorised processCorrect
  4. DRegistrar of Companies

Explanation

ARN is issued by AMFI (Association of Mutual Funds in India) to distributors who have passed the NISM-Series-V-A exam and meet the other requirements. SEBI frames the rules but does not issue the ARN directly. RBI and the Registrar of Companies have no role in issuing it.

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