SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 27-MAY-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: CANCELLED REGISTRATION AS INVESTMENT ADVISOR

S.No.

PERSON

ENTITY

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

101

PRIYAKANT DAVE

(PAN:AHSPD0435F)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025

25-APR-2025

102

PUJA SINGH

(PAN:CNXPS8307L)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025

25-APR-2025

103

R.SOUNDER RAJAN

(PAN:ACGPS3190R)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025

25-APR-2025

104

RAJESH DEVRAJ MEHRA

(PAN:AAKPM5998D)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

27-NOV-2025

105

RAJIV KUMAR SINGH

(PAN:BZZPS6587H)

Click here to view complete history of this specific entity/person

ELITE INVESTMENT ADVISORY SERVICES

PAN:BZZPS6587H

DID NOT HAVE REQUISITE NISM CERTIFICATES AT ALL TIMES TO PROVIDE INVESTMENT ADVICE

DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN INFORMATION

DID NOT FULFIL GENERAL RESPONSIBILITIES OF INVESTMENT ADVISER AND DID NOT MAINTAIN CLIENT LEVEL SEGREGATION OF ADVISORY AND DISTRIBUTION SERVICES

DID NOT UNDERTAKE RISK PROFILING OF CLIENTS

DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT

CHARGED EXTRA MONEY FROM CLIENTS/INVESTORS

DID NOT MAKE DISCLOSURE OF MATERIAL INFORMATION TO CLIENTS

DID NOT MAINTAIN RECORDS AS PER KNOW YOUR CLIENTS (KYC) PROCEDURES

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

ATTEMPTED DELIBERATELY TO PREVENT AND HINDER THE INSPECTION

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-MAR-2026

25-MAR-2026

106

RAKESH RAJKUMAR MANDGE

(PAN:APXPM1153J)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

27-NOV-2025

107

RAKESH RATHOD

(PAN:AABPR6945G)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

27-NOV-2025

108

RAKHI SHAH

(PAN:AGRPT6342H)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER