Hello Chaitanya,
Yes, SEBI registrations exists for Institutions as well. Any one who provides research/recommendations should have a RA registration.
Individuals can perform RA duties as individuals only. They have to get re-registered as Institutions/Corporates if they decide to form a company.
In such (complicated) cases though, I will also recommend you to contact professionals who help in RA registrations.
Regards,
Ashish Arole
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