sebi:Order/AN/RG/2023-24/30015
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15J
- s. 15F
- s. 28A
- s. 15C
- s. 15E
- s. 20
Regulations
- Reg. 7
- Reg. 4
- Reg. 7(1)
- Reg. 13
- Reg. 3
- Reg. 16
- Reg. 9
- Reg. 17
- Reg. 15
- Reg. 2
- Reg. 1
- Reg. 21
- Reg. 13(a)
- Reg. 23
- Reg. 21(1)
- Reg. 18
- Reg. 19
- Reg. 7(1)(a)
- Reg. 201
- Reg. 19(1)
Parties
- Rajiv Kumar Singh, Proprietor, Elite Investment Advisory Services
Holding
The Noticee was held to have violated Regulation 15(8) of the SEBI (Investment Advisers) Regulations, 2013 read with SEBI Circulars CIR/MIRSD/66/2016 and CIR/MIRSD/120/2016, and clauses 2 and 8 of the Code of Conduct read with Regulation 15(9), for failing to register with the CKYC agency CERSAI and maintain KYC records there. The order also records multiple other alleged violations relating to record maintenance, suitability assessment, disclosures, and grievance redressal.
Full text
Adjudication order in the matter of Rajiv Kumar Singh Proprietor Elite Investment Advisory Services |Page 2 of 45 sought on the same. Noticee vide its letter dated January 12, 2022 (read January 12, 2023) provided its comments on the findings and observations of SEBI.
Adjudication order in the matter of Rajiv Kumar Singh Proprietor Elite Investment Advisory Services |Page 3 of 45 1992 (hereinafter also referred as “SEBI Act”) for the alleged violations of the relevant provisions, as stated.
Adjudication order in the matter of Rajiv Kumar Singh Proprietor Elite Investment Advisory Services |Page 4 of 45 “ ….. 3. BACKGROUND 3.1. SEBI conducted the inspection of RKSPEIAS during December 23-24, 2021 for the Inspection period April 01, 2020 to March 31, 2021. The focus of inspection was to understand the practices and systems put in place by the Noticee with regards to its operations as a SEBI registered Investment Advisor and to verify if the Noticee has complied with applicable Regulations and Circulars issued by SEBI from time to time. The findings of the inspection were communicated to the Noticee. Vide letter dated January 12, 2023, the Noticee submitted its reply to the abovementioned
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/AN/RG/2023-24/30015. 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.