| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
CAPITALSTARS FINANCIAL RESEARCH PVT.LTD.
(PAN:AAECC5843N)
|
|
|
|
ABHISHEK UPADHYAY
PAN:ABKPU2337H
|
|
|
AMIT SHARMA
PAN:BUKPS0563F
|
|
|
ANIRUDH YADAV
PAN:ABYPY8297L
|
|
|
RISHBHA BANTHIA
PAN:AMYPB9003A
|
|
DID NOT CARRY OUT RISK PROFILING OF CLIENTS
USED LEADING AND VAGUE QUESTIONS IN RISK PROFILING FORM
COLLECTED INSUFFICIENT AND INCOMPLETE INFORMATION WITHOUT SUPPORTING DOCUMENTS THROUGH RISK PROFILING QUESTIONNAIRE
OFFERED PRODUCTS/SERVICES WITHOUT ASSESSING APPROPRIATE RISK BEARING CAPACITY OF THE CLIENTS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
CHARGED SERVICE FEES DISPROPORTIONATE TO ANNUAL INCOME/PROPOSED INVESTMENT
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 MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT REPORT SUSPICIOUS TRANSACTIONS UNDER PMLA/AML PROVISONS
DID NOT HAVE REQUISITE NISM CERTIFICATES AT ALL TIMES TO PROVIDE INVESTMENT ADVICE
PROVIDED FALSE INFORMATION REGARDING DETAILS OF COMPLIANCE OFFICER
DID NOT OBTAIN NISM CERTIFICATION AS RESEARCH ANALYST
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 16-DEC-2022 TO 15-MAR-2023
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 16-DEC-2022 TO 15-MAR-2023
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO UPDATE AML, PMLA POLICY AS PER SEBI MASTER CIRCULAR DATED 15/10/2019 AND APPOINT DESIGNATED DIRECTORS AS PER SEBI CIRCULAR DATED 12/03/2014 WITHIN THREE MONTHS
IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS
16-DEC-2022
|
|
| 2 |
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
(PAN:AADCC5782H)
|
|
|
|
ANSHUL MANSINGKA
PAN:AGRPM3025A
|
|
|
KIRAN RAVINDRA KUMAR CHOUDHARY
PAN:AAEPK1536D
|
|
|
ROHIT GADIA
PAN:AGXPG1899A
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT UPDATE RISK PROFILE PERIODICALLY
DID NOT OBTAIN RELEVANT INFORMATION FROM CLIENTS
DID NOT ENSURE SUITABILITY ADVICE PROVIDE TO CLIENTS
DID NOT MAINTAIN RECORDS PERTAINING TO INVESTMENT ADVISORY SERVICES
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
DID NOT USE WORDS ‘INVESTMENT ADVISER’ IN ITS NAME
DID NOT MAKE DISCLOSURES TO CLIENTS
INVOLVED IN PROVIDING ADVISORY AND EXECUTION SERVICES WITHOUT ANY SEGREGATION AND MAINTAINED ARMS-LENGTH RELATIONSHIP BETWEEN INVESTMENT ADVISORY AND EXECUTION ACTIVITY
DID NOT ACT IN FIDUCIARY CAPACITY WITH DUE SKILL, CARE & DILIGENCE TOWARDS ITS CLIENTS AND DID NOT OBTAIN INFORMATION FROM CLIENTS WITH REGARD TO FINANCIAL SITUATION, INVESTMENT EXPERIENCE, INVESTMENT OBJECTIVES ETC.
CHARGED HUGE FEES FROM ITS CLIENTS WITHOUT JUSTIFICATION
PROVIDED INCORRECT INFORMATION WITH RESPECT TO SERVICE OFFERED ON ITS WEBSITE
SOLICITED CLIENTS THROUGH VARIOUS WEBSITES
|
IMPOSED PENALTY RS.70,00,000 ALONG WITH OTHER ENTITIES/PERSONS
19-OCT-2022
|
SEBI VIDE ITS NOTICE DATED 19/01/2023 DIRECTED TO PAY RS.1,04,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 25/04/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6214 OF 2023 DATED 19/01/2023
|
| 3 |
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
(PAN:AADCC5782H)
|
|
|
|
ANSHUL MANSINGKA
PAN:AGRPM3025A
|
|
|
KIRAN RAVINDRA KUMAR CHOUDHARY
PAN:AAEPK1536D
|
|
|
ROHIT GADIA
PAN:AGXPG1899A
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT OBTAIN RELEVANT INFORMATION FROM CLIENTS
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
DID NOT UPDATE RISK PROFILE PERIODICALLY
DID NOT ENSURE WHETHER ADVICE PROVIDED TO THE CLIENT IS SUITABLE TO THEM OR NOT
DID NOT MAKE DISCLOSURES TO CLIENTS
INVOLVED IN PROVIDING ADVISORY AND EXECUTION SERVICES WITHOUT ANY SEGREGATION AND MAINTAINED ARMS-LENGTH RELATIONSHIP BETWEEN INVESTMENT ADVISORY AND EXECUTION ACTIVITY
DID NOT ACT IN FIDUCIARY CAPACITY WITH DUE SKILL, CARE & DILIGENCE TOWARDS ITS CLIENTS AND DID NOT OBTAIN INFORMATION FROM CLIENTS WITH REGARD TO FINANCIAL SITUATION, INVESTMENT EXPERIENCE, INVESTMENT OBJECTIVES ETC.
CHARGED HUGE FEES FROM ITS CLIENTS WITHOUT JUSTIFICATION
SOLICITED CLIENTS THROUGH VARIOUS WEBSITES
PROVIDED INCORRECT INFORMATION WITH RESPECT TO SERVICE OFFERED ON ITS WEBSITE
DID NOT ADHERE TO CERTIFICATION REQUIREMENTS AS SPECIFIED IN INVESTMENT ADVISORY REGULATIONS, 2013
DID NOT USE WORDS ‘INVESTMENT ADVISER’ IN ITS NAME
|
DIRECTED TO REDRESS INVESTOR GRIEVANCES
DIRECTED NOT TO SOLICIT OR UNDERTAKE ANY FRESH ADVISORY BUSINESS FROM 11-NOV-2016 TILL FURTHER ORDERS
11-NOV-2016
|
SAT: SAT VIDE ITS ORDER DATED 06/01/2017 DIRECTED WTM OF SEBI TO HEAR THE APPELLANT ON 16/01/2017 AND PASS ORDER BY 20/01/2017 AND COMMUNICATE THE SAME TO THE APPELLANT ON 20/01/2017 ITSELF. NO COSTS
SEBI VIDE ITS ORDER DATED 20/01/2017 DIRECTED I) NOT TO SOLICIT OR UNDERTAKE ANY FRESH ADVISORY BUSINESS FOR ANOTHER PERIOD OF FOUR MONTHS FROM DATE OF THIS ORDER II) DISCONTINUE ACCEPTANCE OF FUNDS FROM CLIENTS INCLUDING BY WAY OF DEACTIVATION OF ONLINE REMITTANCES, WITH IMMEDIATE EFFECT DURING THIS FOUR MONTHS PERIOD AND III) DISCLOSE CONTENTS OF THESE DIRECTIONS PROMINENTLY ON ITS WEBSITE(S) IMMEDIATELY
|
| 4 |
|
|
MI RESEARCH
(PAN:ANIPJ1043K)
|
|
|
|
ASHISH JAIN
PAN:ANIPJ1043K
|
|
DID NOT MAINTAIN RECORDS AS PER KNOW YOUR CLIENTS (KYC) PROCEDURES
DID NOT CONDUCT YEARLY AUDIT IN RESPECT OF COMPLIANCE WITH INVESTMENT ADVISERS REGULATIONS FROM A MEMBER OF ICAI OR ICSI
DID NOT FOLLOW KNOW YOUR CLIENT (KYC) PROCEDURE SPECIFIED BY SEBI FROM
TIME TO TIME
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT MAINTAIN RECORDS PERTAINING TO RISK PROFILING AND RISK ASSESSMENT OF CLIENTS
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT SUBMIT INFORMATION SOUGHT BY SEBI
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
22-FEB-2024
|
|
| 5 |
|
|
NSE DATA & ANALYTICS LTD.
(PAN:AABCD2222R)
|
|
|
COMMITTED IRREGULARITIES WITH RESPECT TO BACKUP OF RECORDS AND DETAILS OF BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY (BCP/DR) SITE
DELAY IN SENDING LETTER OF ACKNOWLEDGEMENT TO INVESTORS
COMMITTED IRREGULARITIES WITH RESPECT TO SYSTEM AUDIT REPORTS AND CYBER SECURITY AUDIT FRAMEWORK
DID NOT CLOSE VULNERABILITY ASSESSMENT AND PENETRATION TESTING (VAPT) ACTIVITY WITHIN TIMELINES AND DID NOT GET THE SAME REFLECTED IN CYBER SECURITY AUDIT REPORT
DID NOT MAINTAIN PROPER ACCESS LOGS TO DATA CENTRE
DID NOT CAPTURE ACTION TAKEN REPORT (ATR) OF PREVIOUS STANDING COMMITTEE ON TECHNOLOGY (SCOT) MEETINGS IN SUBSEQUENT MEETINGS
DID NOT INCLUDE CLAUSES PERTAINING TO REPORTING OF CYBER-ATTACKS, THREATS, CYBER-INCIDENTS AND BREACHES IN ITS POLICY DOCUMENT
DID NOT INCLUDE CLAUSES PERTAINING TO PERIODICITY OF CONDUCTING SYSTEM/CYBER SECURITY AUDIT IN ITS POLICY DOCUMENT
COMMITTED IRREGULARITIES WITH RESPECT TO SEGREGATION OF OPERATIONS AND INFRASTRUCTURES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.12,00,000
30-SEP-2024
|
|
| 6 |
|
|
WEALTHIT GLOBAL
(PAN:CXGPM4395H)
|
|
|
|
MOHIT MANGHNANI
PAN:CXGPM4395H
|
|
DID NOT RENEW NISM REGISTRATION
DID NOT HAVE QUALIFICATION TO CONTINUE TO ACT AS REGISTERED INVESTMENT ADVISER
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
DID NOT CO-OPERATE IN PROVIDING INFORMATION TO SEBI FOR THE PURPOSE OF EXAMINATION OF ITS AFFAIRS
DID NOT PROVIDE MATERIAL INFORMATION TO SEBI
DID NOT COMMUNICATE RISK PROFILE TO CLIENTS
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
31-MAR-2023
|
SAT: SAT VIDE ITS ORDER DATED 25/07/2023 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER 31/03/2023. MATTER REMITTED BACK TO SEBI TO PASS FRESH ORDER IN ACCORDANCE WITH LAW
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
