PRESS RELEASE - SEBI

Sep 19, 2017
PR No. 058/2017


Order in the matter of Stapes Capital Research Private Limited

Shri G Mahalingam, Whole Time Member, SEBI, has passed an Interim order dated September 04, 2017 in the matter of Stapes Capital Research Private Limited against the company and its directors under Sections 11(1), 11(4), 11B and 11D of the Securities and Exchange Board of India Act, 1992 read with Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
Stapes Capital Research Private Limited and its directors Mr. Ram Singh, and Mr. Prashant Gangwar are directed:

  1. to cease and desist from acting as an investment adviser and cease to solicit or undertake such activity or any other activities in the securities market, including buy, sell or otherwise deal in securities market, either directly or in directly with immediate effect; 
     
  2. not to divert any funds raised from investors, kept in bank account(s) and/or in their custody until further orders, except for the purpose of refunds to the clients; and 
     
  3. to withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory activity or any other unregistered activity in the securities market with immediate effect.

 


For full copy of order against PRASHANT GANGWAR, click here.

For full copy of order against RAM SINGH, click here.

For full copy of order against STAPES CAPITAL RESEARCH PVT.LTD., click here.