sebi:CGM/AA/QJC-1/WRO/WRO/21098/2022-23

SEBI · SEBI · 2021-08-10 · Dr. Anitha Anoop, Quasi-Judicial Authority

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Violation established; refund with public notice, asset and bank restrictions, and one-year debarment (extendable till one year after refunds) ordered

Provisions invoked

• s. 19
• s. 12(1)
• s. 28A

Regulations

• Reg. 2(1)(l)
• Reg. 3(1)
• Reg. 2(1)(m)

Parties

• The J.S.R. A Global Research Center (Prop: Mr. Raghunandan Tak)

Holding

The Noticee, proprietorship of Mr. Raghunandan Tak, was held to have acted as an unregistered investment adviser in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations and was directed to refund Rs. 45,79,348.27 collected as fees/consideration, publish refund modalities, and remain debarred from the securities market for one year or till one year after completion of refunds, whichever is later.

Full text

_________________________________________________________________________ Order in respect of The J.S.R. A Global Research Center (Prop: Mr. Raghunandan Tak)

_________________________________________________________________________ Order in respect of The J.S.R. A Global Research Center (Prop: Mr. Raghunandan Tak)

_________________________________________________________________________ Order in respect of The J.S.R. A Global Research Center (Prop: Mr. Raghunandan Tak)

Source: SecMarx — sebi:CGM/AA/QJC-1/WRO/WRO/21098/2022-23. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.