| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
CAPITALVIA GLOBAL RESEARCH LTD.
(PAN:AADCC5782H)
|
|
|
|
ANUSHIKA SHUKLA
PAN:HBJPS0767K
|
|
|
KIRAN RAVINDRA KUMAR CHOUDHARY
PAN:AAEPK1536D
|
|
|
PREM PRAKASH
PAN:AIAPP8261A
|
|
|
ROHIT GADIA
PAN:AGXPG1899A
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
ENGAGED IN CONTRARY TRANSACTIONS WITH REFERENCE TO INVESTMENT ADVICE RENDERED WITHIN FIFTEEN DAYS FROM DATE OF ADVICE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT
DID NOT MONITOR COMPLIANCES AS COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.33,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-DEC-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER OF STAY OF RECOVERY IS SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT
|
| 2 |
|
|
ELITE INVESTMENT ADVISORY SERVICES
(PAN:BZZPS6587H)
|
|
|
|
RAJIV KUMAR SINGH
PAN:BZZPS6587H
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
DID NOT TAKE REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISER DESPITE EXCEEDING THE LIMIT OF 150 CLIENTS
DID NOT PROVIDE BANK DETAILS AND STATEMENTS OF FAMILY MEMBERS, KNOW YOUR CLIENT FORMS OF CLIENTS AND DID NOT MAKE AGREEMENTS WITH VARIOUS OTHER CLIENTS
CHARGED EXTRA MONEY FROM CLIENTS/INVESTORS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT
DID NOT MAKE DISCLOSURE OF MATERIAL INFORMATION TO CLIENTS
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
IMPOSED PENALTY RS.35,00,000 ALONG WITH OTHER ENTITIES/PERSONS
18-JUL-2025
|
|
| 3 |
|
|
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
|
|
| 4 |
|
|
INSANE TRADERS
(PAN:BENPB0608D)
|
|
|
|
KETAN BORA
PAN:BENPB0608D
|
|
DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE
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 APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR
DID NOT ADHERE TO NET WORTH REQUIREMENT
|
IMPOSED PENALTY RS.8,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-OCT-2024
|
SEBI VIDE ITS NOTICE DATED 01/01/2025 DIRECTED TO PAY RS.8,33,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 14/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. STAYED RECOVERY PROCEEDING SUBJECT TO DEPOSIT OF RS.3 LAC BY APPELLANT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 09/04/2025 GRANTED APPELLANT FOUR WEEKS TO FILE REJOINDER
|
| 5 |
|
|
PAISABAZAAR MARKETING & CONSULTING PVT.LTD.
(PAN:AACCE9326L)
|
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-JAN-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
