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-AUG-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

141

PARAS BEHL

(PAN:BGMPB8766R)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025

25-APR-2025

142

PARESH D.SHETIYA

(PAN:ACEPS8328R)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-SEP-2025

10-SEP-2025

143

PARTHASARATHY V.IYENGAR

(PAN:AHXPP9070D)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

07-AUG-2026

144

PINKY KELVA

(PAN:ECYPK7182R)

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FUTURE INVESTMENT

PAN:ECYPK7182R

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

CHARGED EXTRA MONEY FROM CLIENTS/INVESTORS

SOLD MULTIPLE PACKAGES AND COLLECTS MULTIPLE PAYMENTS IN A SHORT PERIOD FROM CLIENTS

SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE

DID NOT OBTAIN TRADING ACCOUNT CREDENTIALS FROM CLIENTS FOR TRADING ON THEIR BEHALF

DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR�S GRIEVANCES IN STIPULATED TIME

DID NOT REDRESS INVESTOR COMPLAINTS

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 24-NOV-2023 TO 23-NOV-2024

RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 24-NOV-2023 TO 23-NOV-2024

DIRECTED TO RESOLVE ALL PENDING COMPLAINTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI

24-NOV-2023

145

PINTU BHAVSAR (AKA.HIMANSHU BHARATKUMAR BHAVSAR)

(PAN:AJVPB0407A)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

07-AUG-2026

146

PIYUSH JAIN

(PAN:AMAPJ2811L)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

07-AUG-2026

147

PIYUSH JAIN

(PAN:ATCPJ2297H)

WEALTHMAX SOLUTION INVESTMENT ADVISER

PAN:ATCPJ2297H

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

DID NOT RENEW NISM REGISTRATION

DID NOT OBTAIN MEMBERSHIP FROM BSE ADMINISTRATION & SUPERVISION LTD. (BASL)

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 09-APR-2026

09-APR-2026

148

POOJA ANILBHAI THAKAR

(PAN:AESPT5257J)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-SEP-2025

10-SEP-2025

149

POONAM GAUTAM

(PAN:AWYPG8752B)

UNIQUE RESEARCH

PAN:AWYPG8752B

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

07-AUG-2026

150

PRABUDDHA ROY

(PAN:AIBPR8248L)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 21-JUL-2026

21-JUL-2026

151

PRASHANT GOLE

(PAN:BAAPG4714Q)

CAPITAL GROW FINANCIAL SERVICES

PAN:BAAPG4714Q

DID NOT INFORM SEBI ABOUT CHANGE OF ADDRESS

DID NOT OBTAIN MEMBERSHIP FROM BSE ADMINISTRATION & SUPERVISION LTD. (BASL)

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 15-MAR-2024

15-MAR-2024

152

PRATIK BAJAJ

(PAN:AOGPB8408M)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 21-JUL-2026

21-JUL-2026

153

PRAVEEN VERMA

(PAN:AISPV5820B)

INVESTMENT VISOR

PAN:AISPV5820B

PROVIDED INVESTMENT ADVICE ON FREE TRIALS TO CLIENTS

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT POSSESS NISM CERTIFICATE

SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS

DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES

DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION

DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR�S GRIEVANCES IN STIPULATED TIME

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 07-JUN-2023

07-JUN-2023

154

PRAVIN KUMAR JAIN

(PAN:AADPJ4747L)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

27-NOV-2025

155

PRERNA SHARMA

(PAN:BJEPS7547A)

DID NOT RENEW NISM CERTIFICATE

DID NOT SUBMIT PERIODIC REPORTS TO INVESTMENT ADVISER ADMINISTRATION AND SUPERVISORY BODY (IAASB)

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

11-JUN-2026

156

PRITHVIRAJ MEENA

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER