| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
FINCAP RESEARCH INVESTMENT ADVISOR
(PAN:AXWPN9795L)
|
|
|
|
SONIKA NAMDHARANI
PAN:AXWPN9795L
|
|
ALLOWED UNREGISTERED PERSON TO ACT AS INVESTMENT ADVISOR
OBTAINED INVESTMENT ADVISOR REGISTRATION BY SUBMITTING FAKE EXPERIENCE CERTIFICATES
ENGAGED REPRESENTATIVES TO RENDERING INVESTMENT ADVICE WITHOUT ADEQUATE QUALIFICATIONS AND/OR REGISTRATION AND INFORMATION TO SEBI
DID NOT RENEW NISM REGISTRATION
MISREPRESENTED CLIENTS THAT PRODUCTS IN FUTURES AND OPTIONS SEGMENTS GAVE REGULAR INCOME
DID NOT OBTAIN ANY SUPPORTING DOCUMENTS/EVIDENCE FROM CLIENTS WHILE DOING RISK PROFILING OF CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
SOLD HIGH FEES PRODUCT WITHOUT CONSIDERING ANNUAL INCOME AND PROPOSED INVESTMENT VALUE
DID NOT HAVE ANY PRODUCTS/SERVICES DESIGNED BY ITS OWN
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
CHARGED ADVISORY FEES BEFORE EXPIRY OF TENURE OF EXISTING SERVICE/COLLETING MULTIPLE PAYMENTS IN SHORT PERIOD
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT PROVIDE DOCUMENTS WITH REGARD TO DATE AND SUBJECT OF TRAINING, NUMBER OF PARTICIPANTS, MATERIALS DISTRIBUTED, ATTENDANCE SHEET OF EMPLOYEES ETC.
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 17-JUL-2023
17-JUL-2023
|
|
| 22 |
|
|
FINDOC INVESTMART PVT.LTD.
(PAN:AABCF8332L)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 23 |
|
|
FINITE RESEARCH,M/S
(PAN:APGPJ0766F)
|
|
|
|
SATYA PRAKASH JAIN
PAN:APGPJ0766F
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 24 |
|
|
FINODIARY,M/S
(PAN:ATYPT2652B)
|
|
|
|
PANKAJ TIWARI
PAN:ATYPT2652B
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 25 |
|
|
FINTELLIGENCE TECHNOLOGY PVT.LTD.
(PAN:AACCF8296Q)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 26 |
|
|
FIRST ADVISER
(PAN:DTSPS7846Q)
|
|
|
|
HEMANT SONI
PAN:DTSPS7846Q
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 27 |
|
|
FIRSTCAPITAL INVESTMENT ADVISORS
(PAN:AADFF7480J)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 28 |
|
|
FLANKING RESEARCH & INVESTMENT ADVISOR
(PAN:BBDPC8554N)
|
|
|
|
TARUN CHANDANI
PAN:BBDPC8554N
|
|
DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION
DID NOT INTIMATE SEBI ABOUT MATERIAL CHANGE IN INFORMATION
DID NOT REDRESS INVESTOR COMPLAINTS
PROVIDED ADVICE WITHOUT PROPER RATIONALE TO RISK PROFILE OF CLIENTS
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 19-DEC-2022
19-DEC-2022
|
|
| 29 |
|
|
FUND BAZAAR INDIA
(PAN:CHOPS7851N)
|
|
|
|
RAVI SHARMA
PAN:CHOPS7851N
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 30 |
|
|
FUTURE INVESTMENT
(PAN:ECYPK7182R)
|
|
|
|
PINKY KELVA
PAN:ECYPK7182R
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
CHARGED EXTRA MONEY FROM CLIENTS/INVESTORS
SOLD MULTIPLE PACKAGES AND COLLECTS MULTIPLE PAYMENTS IN A SHORT PERIOD FROM CLIENTS
SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE
DID NOT OBTAIN TRADING ACCOUNT CREDENTIALS FROM CLIENTS FOR TRADING ON THEIR BEHALF
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 FROM 24-NOV-2023 TO 23-NOV-2024
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 24-NOV-2023 TO 23-NOV-2024
DIRECTED TO RESOLVE ALL PENDING COMPLAINTS
DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
24-NOV-2023
|
|
| 31 |
|
|
GETBASIS SECURITIES & TECHNOLOGIES INDIA PVT.LTD.
(PAN:AAHCG2735L)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 32 |
|
|
GLOBAL FINTECH RESEARCH
(PAN:CKXPS6064H)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 33 |
|
|
GOOD MONEYING FINANCIAL SOLUTIONS
(PAN:AZWPS7634P)
|
|
|
|
MANIKARAN SINGAL
PAN:AZWPS7634P
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 34 |
|
|
HIGHLIGHT INVESTMENT RESEARCH
(PAN:AZNPG3349J)
|
|
|
|
SHILPA GARG
PAN:AZNPG3349J
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT OBTAIN MEMBERSHIP FROM BSE ADMINISTRATION & SUPERVISION LTD. (BASL)
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 12-SEP-2025
12-SEP-2025
|
|
| 35 |
|
|
HNI RESEARCH
(PAN:AKDPG6338G)
|
|
|
|
DWARKA PRASAD GUPTA
PAN:AKDPG6338G
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
DID NOT INFORM SEBI PRIOR TO CHANGING ITS REGISTERED OFFICE ADDRESS
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 27-APR-2023
27-APR-2023
|
|
| 36 |
|
|
INSANE TRADERS
(PAN:BENPB0608D)
|
|
|
|
KETAN BORA
PAN:BENPB0608D
|
|
DID NOT APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR
DID NOT MAINTAIN AND PROVIDE RECORD OF CLIENTS AND COPY OF AGREEMENT EXECUTED BETWEEN CLIENTS
DID NOT PROVIDE DETAILS OF KRA PROCESS AT THE TIME OF ON-SITE INSPECTION AND DID NOT FOLLOW KYC PROCESS WHILE ONBOARDING CLIENTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW TO IDENTIFY RISK PROFILE/ RISK SCORE OF CLIENTS TO DECIDE ON THEIR SUITABILITY FOR FINANCIAL PRODUCTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT
DID NOT MAKE DISCLOSURES ABOUT MATERIAL INFORMATION ABOUT ITSELF INCLUDING BUSINESS, DISCIPLINARY HISTORY, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, ETC.
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 28-JAN-2025
28-JAN-2025
|
|
| 37 |
|
|
INVESTMENT VISOR
(PAN:AISPV5820B)
|
|
|
|
PRAVEEN VERMA
PAN:AISPV5820B
|
|
PROVIDED INVESTMENT ADVICE ON FREE TRIALS TO CLIENTS
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT POSSESS NISM CERTIFICATE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES IN STIPULATED TIME
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 07-JUN-2023
07-JUN-2023
|
|
| 38 |
|
|
INVESTO RESEARCH
(PAN:ALYPC5937B)
|
|
|
|
GIRIRAJ CARPANTER
PAN:ALYPC5937B
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| 39 |
|
|
KRISHNA FINZPLAN LLP
(PAN:AAQFK8788B)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 25-APR-2025
25-APR-2025
|
|
| 40 |
|
|
LUCID TECHNOLOGIES
(PAN:AAGFL2418R)
|
|
|
DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
27-NOV-2025
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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| Page 2 of 4
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