sebi:EAD-5/SVKM/AO/04-06/2016-17
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Facts / Headnote
Penalty of Rs. 25,00,000 imposed jointly and severally for acting as unregistered portfolio manager
Provisions invoked
- s. 12(1)
- s. 12
- s. 15H
- s. 15I
- s. 138
Regulations
- Reg. 3
- Reg. 199
- Reg. 2
Parties
- Unique Vision Financial Advisory Pvt. Ltd
- Shri Chandrakant Shamrao Dhole
- Shri Ravindra Shankar Kaurav
Holding
The noticees violated Section 12(1) of the SEBI Act, 1992 read with Regulation 3 of the SEBI (Portfolio Managers) Regulations, 1993 by acting as a Portfolio Manager without SEBI registration and are liable under Section 15HB. A monetary penalty of Rs. 25,00,000 payable jointly and severally was imposed.
Full text
Adjudication Order against Unique Vision Financial Advisory Pvt. Ltd, Shri Chandrakant Shamrao Dhole and Shri Ravindra Shankar Kaurav in the matter of Unique Vision Financial Advisory Pvt. Ltd. Page 2 of 11
Adjudication Order against Unique Vision Financial Advisory Pvt. Ltd, Shri Chandrakant Shamrao Dhole and Shri Ravindra Shankar Kaurav in the matter of Unique Vision Financial Advisory Pvt. Ltd. Page 3 of 11
Adjudication Order against Unique Vision Financial Advisory Pvt. Ltd, Shri Chandrakant Shamrao Dhole and Shri Ravindra Shankar Kaurav in the matter of Unique Vision Financial Advisory Pvt. Ltd. Page 4 of 11
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Source: SecMarx — sebi:EAD-5/SVKM/AO/04-06/2016-17. 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.