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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 : 21-NOV-2024

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: DID NOT SEGREGATE EXECUTION SERVICES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person CAPITALVIA GLOBAL RESEARCH LTD.

(PAN:AADCC5782H)  
History of entity/person ANSHUL MANSINGKA

(PAN:AGRPM3025A)
History of entity/person KIRAN RAVINDRA KUMAR CHOUDHARY

(PAN:AAEPK1536D)
History of entity/person 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.1,00,00,000 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
2 
History of entity/person CAPITALVIA GLOBAL RESEARCH LTD.

(PAN:AADCC5782H)  
History of entity/person ANSHUL MANSINGKA

(PAN:AGRPM3025A)
History of entity/person KIRAN RAVINDRA KUMAR CHOUDHARY

(PAN:AAEPK1536D)
History of entity/person 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
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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