| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALTAIS INVESTMENT ADVISORS
(PAN:ABBFA2450L)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 2 |
|
|
BIS CAPITAL INVESTMENT ADVISOR
(PAN:BFLPP9443M)
|
|
|
|
HARIOM SHARAN PATEL
PAN:BFLPP9443M
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
30-JUN-2023
|
|
| 3 |
|
|
BULL RESEARCH INVESTMENT ADVISORS PVT.LTD.
(PAN:AAHCB1200H)
|
|
|
|
SANDEEP KUSHWAHA
PAN:DPBPK9313F
DIN:08176753
|
|
|
VINIT SATPUTE
DIN:07737200
PAN:EBMPS2703F
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD ADVISORY SERVICES/PACKAGES TO SAME CLIENTS ON MULTIPLE OCCASION AT DIFFERENT ARBITRARY PRICE FOR FUTURE/OVERLAPPING PERIOD WHILE EXISTING SUBSCRIPTION WAS ACTIVE
RECEIVED PAYMENT FROM FAMILY MEMBERS OF PRIMARY CLIENTS TO HIDE EXORBITANT FEES TAKEN FROM PRIMARY CLIENT
RECEIVED PAYMENT BEFORE DOING KNOW YOUR CLIENTS (KYC) AND RISK PROFILING OF CLIENTS
RAISED INVOICES IN THE NAME OF CLIENTS WHO DID NOT HAVE DEMAT/TRADING ACCOUNT
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT POSSESS NISM CERTIFICATE
DID NOT ADHERE TO REQUIREMENT OF CAPITAL ADEQUACY
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY
DIRECTED TO ACCEPT REFUND CLAIMS/REQUESTS FROM THE PUBLIC
DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER
DIRECTED TO FILE A REPORT OF RESOLUTION OF COMPLAINTS
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI
15-SEP-2023
|
SAT: SAT VIDE ITS ORDER DATED 09/07/2024 CONDONED THE DELAY IN FILING OF APPEAL. GRANTED RESPONDENT FOUR WEEKS TIME TO FILE REPLY AND REJOINDER MAY BE FILED WITHIN FOUR WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 17/09/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED FOUR WEEKS TO FILE REJOINDER
|
| 4 |
|
|
CAPITAL GROW FINANCIAL SERVICES
(PAN:BAAPG4714Q)
|
|
|
|
PRASHANT GOLE
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
15-MAR-2024
|
|
| 5 |
|
|
CAPITAL TRUE FINANCIAL SERVICES
(PAN:AINPT0227B)
|
|
|
|
NARENDRA SINGH TANWAR
PAN:AINPT0227B
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
OBTAINED REGISTRATION FROM SEBI BY PRODUCING FALSE AND FABRICATED DOCUMENTS TO PROVE HIS ELIGIBILITY TO WORK AS AN INVESTMENT ADVISOR
|
DIRECTED TO CEASE & DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 05-JUN-2020 TO 04-JUN-2022
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 05-JUN-2020 TO 04-JUN-2022
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 05-JUN-2020 TO 04-JUN-2022
DIRECTED TO SUBMIT LIST OF CLIENTS AND FEE COLLECTED FROM THEM
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
DIRECTED TO CEASE AND DESIST FROM ACTING AS AN INVESTMENT ADVISER
DIRECTED NOT TO USE TERM ‘INVESTMENT ADVISER’ DIRECTLY OR INDIRECTLY IN ANY MANNER WHATSOEVER ON LETTER-HEAD, WEBSITE, SIGNAGE BOARD OR OTHERWISE
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 05-JUN-2020 TO 04-JUN-2022
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
06-NOV-2018
|
SEBI VIDE ITS ORDER DATED 05/06/2020 A) CANCELLED CERTIFICATE OF REGISTRATION AS INVESTMENT ADVISER AND CEASE AND DESIST FROM ACTING AS INVESTMENT ADVISER C) DIRECTED TO NOT TO USE THE TERM ‘INVESTMENT ADVISER’ DIRECTLY OR INDIRECTLY IN ANY MANNER WHATSOEVER ON LETTER-HEAD, WEBSITE, SIGNAGE BOARD OR OTHERWISE D) DEBARRED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER, FOR TWO YEARS E) DURING PERIOD OF RESTRAINT FREEZED EXISTING HOLDING, INCLUDING MUTUAL FUNDS UNITS
|
| 6 |
|
|
CAPVISION INVESTMENT ADVISOR
(PAN:AAJFC0782A)
|
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-MAR-2023
|
|
| 7 |
|
|
CUMULUS CONSULTING SERVICES PVT.LTD.
(PAN:AAGCC4020R)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 8 |
|
|
D.S.CAPITAL VENTURE PVT.LTD.
(PAN:AADCH8426M)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS TO INVESTIGATING AUTHORITY OF SEBI
DID NOT INFORM SEBI ABOUT CHANGE OF ADDRESS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
30-JAN-2023
|
|
| 9 |
|
|
DOLLAR ADVISORY & FINANCIAL SERVICES
(PAN:AKBPM7004R)
|
|
|
|
RAVI PRAKASH MOHTA
PAN:AKBPM7004R
|
|
DID NOT SUBMIT INFORMATION SOUGHT BY SEBI
DID NOT MAKE DISCLOSURE OF CHANGE OF REGISTERED OFFICE ADDRESS TO SEBI
DID NOT MAINTAIN RECORDS PERTAINING TO RISK PROFILING AND RISK ASSESSMENT OF CLIENTS
OFFERED MULTIPLE PACKAGES TO EARN HUGE AMOUNT OF SERVICE FEES FROM CLIENTS
SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
CHARGED ADVISORY FEES BEFORE EXPIRY OF TENURE OF EXISTING SERVICE/COLLETING MULTIPLE PAYMENTS IN SHORT PERIOD
DID NOT ADHERE TO SEBI CIRCULARS IN RELATION TO COMPLIANCE WITH PROVISIONS OF PREVENTION OF MONEY LAUNDERING ACT AND ANTI MONEY LAUNDERING GUIDELINES
TRADED ON BEHALF OF CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO REDRESS INVESTOR GRIEVANCES
24-NOV-2022
|
SAT: SAT VIDE ITS ORDER DATED 03/05/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 30/06/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
|
| 10 |
|
|
ELITIO TECHNOLOGIES PVT.LTD.
(PAN:AAECE0986C)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 11 |
|
|
FINCAP RESEARCH INVESTMENT ADVISOR
(PAN:AXWPN9795L)
|
|
|
|
SONIKA NAMDHARANI
PAN:AXWPN9795L
|
|
ALLOWED UNREGISTERED PERSON TO ACT AS INVESTMENT ADVISOR
OBTAINED INVESTMENT ADVISOR REGISTRATION BY SUBMITTING FAKE EXPERIENCE CERTIFICATES
ENGAGED REPRESENTATIVES TO RENDERING INVESTMENT ADVICE WITHOUT ADEQUATE QUALIFICATIONS AND/OR REGISTRATION AND INFORMATION TO SEBI
DID NOT RENEW NISM REGISTRATION
MISREPRESENTED CLIENTS THAT PRODUCTS IN FUTURES AND OPTIONS SEGMENTS GAVE REGULAR INCOME
DID NOT OBTAIN ANY SUPPORTING DOCUMENTS/EVIDENCE FROM CLIENTS WHILE DOING RISK PROFILING OF CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
SOLD HIGH FEES PRODUCT WITHOUT CONSIDERING ANNUAL INCOME AND PROPOSED INVESTMENT VALUE
DID NOT HAVE ANY PRODUCTS/SERVICES DESIGNED BY ITS OWN
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
CHARGED ADVISORY FEES BEFORE EXPIRY OF TENURE OF EXISTING SERVICE/COLLETING MULTIPLE PAYMENTS IN SHORT PERIOD
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT PROVIDE DOCUMENTS WITH REGARD TO DATE AND SUBJECT OF TRAINING, NUMBER OF PARTICIPANTS, MATERIALS DISTRIBUTED, ATTENDANCE SHEET OF EMPLOYEES ETC.
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
17-JUL-2023
|
|
| 12 |
|
|
FINDOC INVESTMART PVT.LTD.
(PAN:AABCF8332L)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 13 |
|
|
FLANKING RESEARCH & INVESTMENT ADVISOR
(PAN:BBDPC8554N)
|
|
|
|
TARUN CHANDANI
PAN:BBDPC8554N
|
|
DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION
DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN INFORMATION
DID NOT REDRESS INVESTOR COMPLAINTS
PROVIDED ADVICE WITHOUT PROPER RATIONALE TO RISK PROFILE OF CLIENTS
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
19-DEC-2022
|
|
| 14 |
|
|
FUTURE INVESTMENT
(PAN:ECYPK7182R)
|
|
|
|
PINKY KELVA
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
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
|
|
| 15 |
|
|
GLOBAL FINTECH RESEARCH
(PAN:CKXPS6064H)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 16 |
|
|
GOOD MONEYING FINANCIAL SOLUTIONS
(PAN:AZWPS7634P)
|
|
|
|
MANIKARAN SINGAL
PAN:AZWPS7634P
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| 17 |
|
|
HNI RESEARCH
(PAN:AKDPG6338G)
|
|
|
|
DWARKA PRASAD GUPTA
PAN:AKDPG6338G
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
DID NOT INFORM SEBI PRIOR TO CHANGING ITS REGISTERED OFFICE ADDRESS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-APR-2023
|
|
| 18 |
|
|
INSANE TRADERS
(PAN:BENPB0608D)
|
|
|
|
KETAN BORA
PAN:BENPB0608D
|
|
DID NOT APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR
DID NOT MAINTAIN AND PROVIDE RECORD OF CLIENTS AND COPY OF AGREEMENT EXECUTED BETWEEN CLIENTS
DID NOT PROVIDE DETAILS OF KRA PROCESS AT THE TIME OF ON-SITE INSPECTION AND DID NOT FOLLOW KYC PROCESS WHILE ONBOARDING CLIENTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW TO IDENTIFY RISK PROFILE/ RISK SCORE OF CLIENTS TO DECIDE ON THEIR SUITABILITY FOR FINANCIAL PRODUCTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT
DID NOT MAKE DISCLOSURES ABOUT MATERIAL INFORMATION ABOUT ITSELF INCLUDING BUSINESS, DISCIPLINARY HISTORY, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, ETC.
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
28-JAN-2025
|
|
| 19 |
|
|
INVESTMENT VISOR
(PAN:AISPV5820B)
|
|
|
|
PRAVEEN VERMA
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
07-JUN-2023
|
|
| 20 |
|
|
KRISHNA FINZPLAN LLP
(PAN:AAQFK8788B)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
25-APR-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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