December 09, 2014
PR No. 158/2014

Interim Order in respect of Moneyworld Research and Advisory Pvt. Ltd. and its Directors, Mr.
Chhatrpal Singh Lodhi and Mr. Pradhumn Agrawal

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated December 02, 2014 against Moneyworld Research and Advisory Pvt. Ltd. and its Directors, Mr. Chhatrpal Singh Lodhi and Mr. Pradhumn Agrawal, under sections 11(1), 11B and 11D of SEBI Act, 1992. The order directed the company and its directors viz. Mr. Chhatrpal Singh Lodhi and Mr. Pradhumn Agrawal to cease and desist from acting as Investment Adviser and cease to solicit or undertake such activities or any other unregistered activity in the security market directly or indirectly, in any manner whatsoever.
 
The order further directed the company and its directors to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites etc. in relation to their investment advisory or any unregistered activity in the securities market.
 
The company was engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result has violated provisions of Section 12(1) of the SEBI Act, 1992 and Regulation 3(1) of the SEBI (Investment Adviser) Regulations, 2013.

 
Mumbai
 
December 09, 2014

For full copy of order against CHHATRPAL SINGH LODHI, click here.

For full copy of order against MONEYWORLD RESEARCH & ADVISORY PVT.LTD., click here.

For full copy of order against PRADHUMN AGRAWAL, click here.