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 : 04-NOV-2026

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: VIOLATED SEBI (INVESTMENT ADVISORS) REGULATIONS, 2013

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

381

NIFTYMAKER.COM

(PAN:BAIPG5490H)

Click here to view complete history of this specific entity/person

ANKIT GUPTA

PAN:BAIPG5490H

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

DIRECTED TO REFUND INVESTMENT MANAGEMENT AND ADVISORY FEES

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO ACCEPT REFUND CLAIMS/REQUESTS FROM THE PUBLIC

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 27-NOV-2024

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI FROM 27-NOV-2024

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

27-NOV-2024

382

NIFTYPRO TRADING RESEARCH

(PAN:AMAPP3518Q)

SAMEER PANDE

PAN:AMAPP3518Q

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

USED MISLEADING TESTIMONIAL AND PROHIBITED WORDS IN THE ADVERTISEMENTS

IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS

24-DEC-2024

383

NIVESHICON INVESTMENT ADVISORY

(PAN:BEDPG9199C)

VEERENDRA KUMAR GUPTA

PAN:BEDPG9199C

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR

27-NOV-2025

384

NIVESHICON INVESTMENT ADVISORY

(PAN:BEDPG9199C)

VEERENDRA KUMAR GUPTA

PAN:BEDPG9199C

DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME

DID NOT DISPLAY COMPLAINTS STATUS ON WEBSITE

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DID NOT FAIR AND TRANSPARENT IN DEALING WITH CLIENTS REGARDING FEE CHARGED

SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS HAVING DIFFERENT NAMES BUT SAME FEATURE

RECEIVED PAYMENT BEFORE DOING KNOW YOUR CLIENTS (KYC) AND RISK PROFILING OF CLIENTS

NOT A FIT & PROPER PERSON TO ACT AS AN INVESTMENT ADVISOR

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY AS INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET FROM DATE OF ORDER FROM 31-JAN-2023 TO 30-JUL-2023

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-JAN-2023 TO 30-JUL-2023

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-JAN-2023 TO 30-JUL-2023

RESTRAINED AND FURTHER PROHIBITED FROM HOLDING AND OCCUPYING ANY MANAGERIAL POST OR BEING ASSOCIATED DIRECTLY OR INDIRECTLY WITH ANY LISTED PUBLIC COMPANY AND/OR ANY PUBLIC COMPANY WHICH INTENDS TO RAISE MONEY FROM PUBLIC OR ANY INTERMEDIARY REGISTERED WITH SEBI FROM 31-JAN-2023 TO 30-JUL-2023

DIRECTED TO RESOLVE ALL PENDING COMPLAINTS

IMPOSED PENALTY RS.25,00,000 ALONG WITH OTHER ENTITIES/PERSONS

31-JAN-2023

385

NIVESHSHALA,M/S

(PAN:AJOPD2243F)

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 21-JUL-2026

21-JUL-2026

386

NORTHWARD FINANCIAL PLANNERS

DIYA THOMMY

THEJUS PALATHINGAL

VIDYA KRISHNAMOORTHY

ALLEGED DELAY IN FILING OF APPLICATION FOR REGISTRATION AS INVESTMENT ADVISOR AND CONTINUED ACTIVITIES VIOLATING SECTION 12(1) OF SEBI ACT, 1992 READ WITH REGULATION 3(1) OF SEBI (INVESTMENT ADVISORS) REGULATIONS, 2013 IN MATTER OF NORTHWARD FINANCIAL PLANNERS

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,67,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)

09-JUL-2020

387

OM CONSULTANCY

(PAN:CFRPD1265B)

SURAJKUMAR LALAJI DUBEY

PAN:CFRPD1265B

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

DIRECTED TO REFUND MONEY RECEIVED FROM CLIENTS/INVESTORS/COMPLAINANT AS FEES OR CONSIDERATION OR IN ANY OTHER FORM IN RESPECT OF UNREGISTERED INVESTMENT ADVISORY AND/OR RESEARCH ANALYSIS ACTIVITIES

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 27-NOV-2024

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO SUBMIT COMPLETION REPORT OF REPAYMENT TO SEBI CERTIFIED BY INDEPENDENT CHARTERED ACCOUNTANT

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI FROM 27-NOV-2024

IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS

27-NOV-2024

SAT: SAT VIDE ITS ORDER DATED 04/02/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER. DIRECTED BANK TO PERMIT APPELLANT TO USE ACCOUNT FOR LIMITED PURPOSE OF PAYMENT OF EMIS SUBJECT TO APPELLANT DEPOSITING MONEY EQUIVALENT TO EMIS AND AMOUNT WHICH ALREADY FROZEN FROM DATE OF THIS ORDER TO REMAIN FROZEN

SAT: SAT VIDE ITS ORDER DATED 01/07/2025 DISMISSED THE APPEAL

SAT: SAT VIDE ITS ORDER DATED 11/08/2025 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER

388

ONLY PROFIT INDIA

SHABNAM KHAN

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 22-SEP-2026

22-SEP-2026

389

OPEN WORLD MONEY PLANNING SOLUTIONS LTD.

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 11-SEP-2026

11-SEP-2026

390

OPERATOR TIPS GLOBAL

MRINAL CHADHA

PAN:AVLPC5388F
DIN:06362003

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

CEASED AND DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR ALTERNATIVE INVESTMENT FUND AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 12-JAN-2018 TO 11-JAN-2022

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS

DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 12-JAN-2018 TO 11-JAN-2022

DIRECTED NOT TO SOLICIT OR UNDERTAKE INVESTMENT ADVISORY ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET THROUGH ANY COMPANIES / PROPRIETORSHIP FIRMS / ENTITIES FROM 12-JAN-2018 TO 11-JAN-2022

DIRECTED NOT TO FLOAT ANY NEW COMPANY/IES/PROPRIETORSHIP FIRMS / ENTITIES TO SOLICIT OR UNDERTAKE UNREGISTERED INVESTMENT ADVISORY ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITIES IN SECURITIES MARKET FROM 12-JAN-2018 TO 11-JAN-2022

DIRECTED TO FURNISH COMPLETE DETAILS, INFORMATION, DOCUMENTS, ETC. SOUGHT BY SEBI

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 12-JAN-2018 TO 11-JAN-2022

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2018 TO 11-JAN-2022

28-NOV-2016

SEBI VIDE ITS ORDER DATED 12/01/2018 1) DIRECTED TO REFUND THE MONEY RECEIVED FROM THE CLIENTS IN RESPECT OF ITS UNREGISTERED INVESTMENT ADVISORY ACTIVITIES AND SUBMIT A CERTIFIED FROM A PEER REVIEWED CHARTERED ACCOUNTANT WHO IS IN THE PANEL OF ANY PUBLIC AUTHORITY OR PUBLIC INSTITUTION, WITHIN A PERIOD OF THREE MONTHS 2) REPAYMENTS TO THE CLIENTS SHALL BE EFFECTED ONLY THROUGH BANK DEMAND DRAFT OR PAY ORDER 3) DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS & PROPERTIES AND DETAILS OF ALL BANK ACCOUNTS, DEMAT ACCOUNTS AND HOLDINGS OF MUTUAL FUNDS/SHARES/SECURITIES, IF HELD IN PHYSICAL AND DEMAT FORM 4) PREVENTED FROM SELLING THEIR ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES/ HELD BY THEM IN DEMAT AND PHYSICAL FORM EXCEPT FOR THE SOLE PURPOSE OF MAKING THE REFUNDS AS DIRECTED AND DEPOSIT THE PROCEEDS IN AN ESCROW ACCOUNT OPENED WITH A NATIONALISED BANK 5) NOT TO DIRECTLY OR INDIRECTLY, ACCESS SECURITIES MARKET AND ARE PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER FOR A PERIOD OF FOUR YEARS FROM DATE OF COMPLETION OF REFUNDS TO INVESTORS 6) NOT TO UNDERTAKE, EITHER DIRECTLY OR INDIRECTLY, INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING A CERTIFICATE OF REGISTRATION FROM SEBI AFTER THE EXPIRY OF PERIOD OF DEBARMENT

SEBI VIDE ITS NOTICE DATED 11/03/2020 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1. ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED

SEBI VIDE ITS ORDER DATED 28/05/2020 DIRECTED ALL THE BANKS TO REMIT RS.23,50,615.00 TO THE EXTENT LYING IN THE ACCOUNT OF MR.MRINAL CHADHA, OPERATOR TIPS GLOBAL AND SAANJH ADVISORY (OPC) PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS

391

OPTION RESEARCH CONSULTANCY

(PAN:AAHFO6585D)

ALI GHOUSE MUNAVARDEEN FAHEETH

PAN:AGQPF5876K

FATHIMA M.

PAN:GXSPM7441E

MUZAFARSIKANDHARALAM MOHAMEDFAKRUDEEN (AKA.MOHAMED FAKRUDEEN SIKKANDAR AALAM MOHAMED FAKRUDEEN)

PAN:DAXPM9278L

SIKKANDAR ALAM MUZAFAR AHAMMED ALI

PAN:DDMPA2078A

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

DIRECTED TO REFUND MONEY RECEIVED FROM CLIENTS/INVESTORS/COMPLAINANT AS FEES OR CONSIDERATION OR IN ANY OTHER FORM IN RESPECT OF UNREGISTERED INVESTMENT ADVISORY AND/OR RESEARCH ANALYSIS ACTIVITIES

DIRECTED TO ISSUE PUBLIC NOTICE, IN ALL EDITIONS OF TWO NATIONAL DAILIES IN CONNECTION WITH THE REFUND OF MONEY

DIRECTED TO MAKE REFUND THROUGH BANKING CHANNELS SUCH AS DEMAND DRAFT AND/OR PAY ORDER AND/OR ELECTRONIC MODE OF TRANSFER

RESTRAINED FROM SELLING ASSETS, PROPERTIES AND HOLDING OF MUTUAL FUNDS/SHARES/SECURITIES HELD IN DEMAT AND PHYSICAL FORM FROM 27-AUG-2024 TO 26-AUG-2026

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF MAKING REFUNDS TO CLIENTS/INVESTORS/COMPLAINANTS

DIRECTED TO DEPOSIT REMAINING BALANCE AMOUNT WITH SEBI TO BE KEPT IN ESCROW ACCOUNT

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-AUG-2024 TO 26-AUG-2026

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 27-AUG-2024 TO 26-AUG-2026

DIRECTED NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES AND/OR RESEARCH ANALYST ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI FROM 27-AUG-2024 TO 26-AUG-2026

IMPOSED PENALTY RS.6,00,000

27-AUG-2024

392

OPTIONSMASTER RESEARCH ADVISORY SERVICES

(PAN:AOXPP8950P)

SOMNATH SUBHASH PATIL

PAN:AOXPP8950P

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS

SAT: SAT VIDE ITS ORDER DATED 04/02/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN TWO WEEKS THEREAFTER. DIRECTED BANK TO PERMIT APPELLANT TO USE ACCOUNT FOR LIMITED PURPOSE OF PAYMENT OF EMIS SUBJECT TO APPELLANT DEPOSITING MONEY EQUIVALENT TO EMIS AND AMOUNT WHICH ALREADY FROZEN FROM DATE OF THIS ORDER TO REMAIN FROZEN

SAT: SAT VIDE ITS ORDER DATED 25/03/2025 DIRECTED RESPONDENT TO REPLY, IF ANY, WITHIN TWO WEEKS AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 01/07/2025 DISMISSED THE APPEAL

SAT: SAT VIDE ITS ORDER DATED 11/08/2025 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER

393

ORANGE RICH FINANCIALS

(PAN:ABSPJ5836A)

SAKET JALAN

PAN:ABSPJ5836A

ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION

SEBI VIDE ITS ORDER DATED 29/04/2016 DIRECTED TO 1) PROHIBITED FROM BUYING, SELLING AND OTHERWISE DEALING IN SECURITIES MARKET, EITHER DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER, FOR A PERIOD OF 5 YEARS FROM DATE OF THIS ORDER 2) NOT TO UNDERTAKE, EITHER DIRECTLY OR INDIRECTLY, INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI 3) TO EXPEDITIOUSLY RETURN MONIES RECEIVED FROM ITS CLIENTS, IF ANY, IN RESPECT OF ITS UNREGISTERED INVESTMENT ADVISORY ACTIVITIES AS FOUND IN THIS ORDER AND SUBMIT A CERTIFICATE FROM PEER REVIEWED CHARTERED ACCOUNTANTS WITHIN A PERIOD OF THREE MONTHS FROM DATE OF THIS ORDER

394

OSAR CAPITAL

(PAN:AOFPA9923H)

AMIT BABURAO AHIRE

PAN:AOFPA9923H

ALLOWED HBJ CAPITAL SERVICES PVT.LTD., AN ENTITY RESTRAINED BY SEBI FROM ACTING AS AN ADVISOR, TO PROVIDE INVESTMENT ADVISORY SERVICES USING HIS SEBI REGISTRATION AND ALSO IN HIS PROPRIETORY CONCERN OSAR CAPITAL

DID NOT PROVIDE DETAILS OF PROPRIETARY CONCERN FORMED BY HIM PURSUANT TO REGISTRATION GRANTED BY SEBI

DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 10-JAN-2018 TO 09-JAN-2022

RESTRAINED FROM PROVIDING INVESTMENT ADVISORY SERVICES FROM 10-JAN-2018 TO 09-JAN-2022

DIRECTED TO DISGORGE RS.1,20,000 ALONG WITH OTHER ENTITIES/PERSONS

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 10-JAN-2018 TO 09-JAN-2022

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 10-JAN-2018 TO 09-JAN-2022

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 10-JAN-2018 TO 09-JAN-2022

17-MAR-2016

SEBI VIDE ITS ORDER DATED 10/01/2018 DIRECTED TO 1)) SURRENDER THE UNLAWFUL GAINS OF RS.1,20,000 WITHIN A PERIOD OF 3 MONTHS TO SEBI 2) NOT TO DIRECTLY OR INDIRECTLY ACCESS SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET DIRECTLY OR INDIRECTLY IN WHATSOEVER MANNER, TILL EXPIRY OF 4 YEARS FROM THE DATE OF PAYMENT 3) NOT TO UNDERTAKE EITHER DIRECTLY OR INDIRECTLY INVESTMENT ADVISORY SERVICES OR ANY ACTIVITY IN SECURITIES MARKET WITHOUT OBTAINING A CERTIFICATE OF REGISTRATION FROM SEBI AS REQUIRED UNDER THE SECURITIES LAWS AFTER THE EXPIRY OF PERIOD OF DEBARMENT

SEBI VIDE ITS ORDER DATED 27/06/2019 CANCELLED CERTIFICATE OF REGISTRATION GRANTED AS INVESTMENT ADVISOR

395

P.C.GLOBAL RESEARCH

(PAN:AVJPG5829K)

NEHA GOEL

PAN:AVJPG5829K

TRANSFERRED DIGITAL ASSETS INCLUDING USE OF THEIR WEBSITE I.E. �COMMODITY PANDIT� TO MS.MEENU SHARMA WHO WAS A UNREGISTERED INVESTMENT ADVISER

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-OCT-2024 TO 30-OCT-2025

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-OCT-2024 TO 30-OCT-2025

31-OCT-2024

396

PACE RESEARCH

RAJAT SINH

DID NOT PAY RENEWAL FEES AS AN INVESTMENT ADVISER

CANCELLED REGISTRATION AS INVESTMENT ADVISOR FROM 21-AUG-2026

21-AUG-2026