sebi:CGM/AA/QJC-1/WRO/WRO/21191/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Ex-parte finding of violations established; refund of fees, 3-year securities market debarment, asset restraint, and monetary penalties imposed
Provisions invoked
- s. 19
- s. 12(1)
- s. 11B
- s. 12A
- s. 12
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 2(1)
- Reg. 4(2)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 4(2)(k)
Parties
- Global Invest Consultant and Advisor
- The Global SNC
- The Global
- Rakesh Aashware (Proprietor)
Holding
The Noticee acted as an unregistered investment adviser and disseminated false SEBI registration numbers on its website, violating Section 12(1) with Regulation 3 of the IA Regulations and Sections 12A(a),(b),(c) with Regulation 4(2)(k) of the PFUTP Regulations; it was directed to refund fees collected, debarred from securities market for 3 years, and penalized Rs.5,00,000 under Section 15HA and Rs.1,00,000 under Section 15EB.
Full text
Order in respect of Global Invest Consultant and Advisor/The Global SNC/The Global – Prop Mr. Rakesh Aashware Page 2 of 19
Order in respect of Global Invest Consultant and Advisor/The Global SNC/The Global – Prop Mr. Rakesh Aashware Page 3 of 19
Order in respect of Global Invest Consultant and Advisor/The Global SNC/The Global – Prop Mr. Rakesh Aashware Page 4 of 19
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Source: SecMarx — sebi:CGM/AA/QJC-1/WRO/WRO/21191/2022-23. 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.