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 : 03-JUL-2025

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.

COMPANIES: PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

CAPITALSTARS FINANCIAL RESEARCH PVT.LTD.

(PAN:AAECC5843N)

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

RECEIVED PAYMENT BEFORE DOING KNOW YOUR CLIENTS (KYC) AND RISK PROFILING OF CLIENTS

SOLD ADVISORY SERVICES/PACKAGES TO SAME CLIENTS ON MULTIPLE OCCASION AT DIFFERENT ARBITRARY PRICE FOR FUTURE/OVERLAPPING PERIOD WHILE EXISTING SUBSCRIPTION WAS ACTIVE

DID NOT OBTAIN AND/OR MAINTAIN ANY DOCUMENTS FOR KNOW YOUR CLIENTS (KYC), RISK PROFILING, SUITABILITY, ACKNOWLEDGEMENT FROM CLIENTS, COMMUNICATION WITH CLIENTS/INVESTORS, CALL RECORDING OF CARRYING OUT RISK PROFILING AND RATIONALE FOR ADVISORY SERVICES ETC.

INDULGED IN INVESTMENT ADVISORY SERVICES WITHOUT POSSESSING REQUISITE QUALIFICATIONS

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FROM 27-JAN-2023 TO 15-MAR-2023

27-JAN-2023

CT WEB SALES

(PAN:AAMFC9502D)

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KUKADIA YOGESH CHHAGANBHAI

PAN:AUSPK6548F

RAJESH R.KALLIDUMBIL

PAN:AKQPK9641M

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FROM 02-APR-2025 TO 01-OCT-2025

02-APR-2025

ELITE INVESTMENT ADVISORY SERVICES

(PAN:BZZPS6587H)

RAJIV KUMAR SINGH

PAN:BZZPS6587H

DID NOT SUBMIT MATERIAL INFORMATION TO SEBI

DID NOT MAINTAIN REGISTER WITH CKYC AGENCY CERSAI AND DID NOT EXECUTE RESPONSIBILITIES TOWARDS MAINTENANCE OF KYC RECORDS WITH CERSAI

DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT

DID NOT CO-OPERATE WITH SEBI IN INSPECTION

DID NOT PROVIDE INFORMATION TO SEBI

DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FROM 29-MAY-2024 TO 28-NOV-2024

29-MAY-2024

INVESTO INVESTMENT ADVISERS

(PAN:AAGFI7660G)

KUKADIA YOGESH CHHAGANBHAI

PAN:AUSPK6548F

RAJESH R.KALLIDUMBIL

PAN:AKQPK9641M

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FROM 02-APR-2025 TO 01-OCT-2025

02-APR-2025

MARKET JOURNAL,THE

(PAN:BBFPM4285C)

JYOTI MORE

PAN:BBFPM4285C

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR

PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FROM 27-APR-2023 TO 26-APR-2024

27-APR-2023

ML TELE SALES

(PAN:ABHFM3142P)

KUKADIA YOGESH CHHAGANBHAI

PAN:AUSPK6548F