Company: TOP
Filing Date: 2025-03-14
Form Type: CORRESP
Source: 0001213900-25-024161
Chunk: 5

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: CORRESP
Chunk 5
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 upon the federal securities laws of    
 the United States or the securities laws of any state in the United States.” Additionally, you removed the name of previously-identified 
 Cayman counsel whose advice you have relied upon for your disclosures in this section.                                                   |

| ● | You                                                                                                                                  
 removed your disclosure regarding enforceability of civil liabilities in Hong Kong, including your statement that such disclosure is 
 based upon the advice of previously-identified Hong Kong counsel.                                                                    |

Please restore your disclosures in these areas, or provide us with your analysis as to why such changes are appropriate. Additionally, please file the consent of counsel(s) to the extent applicable and required. Refer to Item 601(b)(23) of Regulation S-K.

Response: We note the Staff’s comment, and
in response hereto, respectfully advise the Staff that we have restored the relevant disclosures. We have also attached the
consent letters from our Cayman Islands counsel Harney Westwood & Riegels we have restored such disclosure and from our Hong Kong counsel, Stevenson Wong & Co., as exhibit 23.2 and 23.4, respectively, to the Form F-3/A.

| 13. | Please revise the exhibit index to include the consent of counsels. See Item 601(b)(23) of Regulation           
 S-K. Note that if counsel’s consent is included in another exhibit, you may indicate this in the exhibit index. |

Response: We note the Staff’s comment,
and in response hereto, respectfully advise the Staff that we have filed the consent letters from our Cayman Islands counsel Harney
Westwood & Riegels, from our Hong Kong counsel, Stevenson Wong & Co., and from our PRC counsel, Guangdong Wesley Law Firm,
as exhibit 23.2, 23.4, and 23.5, respectively, to the Form F-3/A.

| 14. | We note that the auditor’s consent filed as Exhibit 23.1                                                                    
 refers to the registration statement as “Amendment No. 1 to Form F-3,” although it is the first post-effective amendment to 
 your registration statement on Form F-3. Please file a revised signed consent that clarifies the filing referenced.         |

Response: We note the Staff’s comment, and in response hereto,
respectfully advise the Staff that we have filed a revised signed consent from the auditor that clarifies the filing referenced.

| 15. | Please refer to your fee table filed as Exhibit 107