sebi:Order/BM/RK/2024-25/31069
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 19,00,000/- imposed on the Noticee for violations of SEBI Act, PFUTP Regulations, IA Regulations and SEBI Circulars.
Provisions invoked
- s. 15A
- s. 15
- s. 12A
- s. 15H
- s. 15J
- s. 28A
- s. 15C
- s. 15E
- s. 65B
Regulations
- Reg. 3
- Reg. 4
- Reg. 9
- Reg. 25
- Reg. 15
- Reg. 3(a)
- Reg. 15(1)
- Reg. 13(a)
- Reg. 23
- Reg. 21(1)
- Reg. 15(9)
- Reg. 13(b)
- Reg. 21
- Reg. 19(2)
- Reg. 3(a)(b)(c)
Parties
- Sai Proficient Research Investment Advisory (Prop- Ms Meeshika Vishwakarma)
Holding
The Noticee was found to have violated Regulation 15(1) of IA Regulations, Clauses 1, 2, 5 and 6 of Code of Conduct under Schedule III read with Regulation 15(9), Regulation 3(a)-(d) of PFUTP Regulations read with Section 12A(a)-(c) of SEBI Act, and other provisions, and a total penalty of Rs. 19,00,000/- was imposed.
Full text
Adjudication order in the matter of Sai Proficient Research Investment Advisory (Prop- Ms Meeshika Vishwakarma) Page 2 of 63
Adjudication order in the matter of Sai Proficient Research Investment Advisory (Prop- Ms Meeshika Vishwakarma) Page 3 of 63
Adjudication order in the matter of Sai Proficient Research Investment Advisory (Prop- Ms Meeshika Vishwakarma) Page 4 of 63
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Source: SecMarx — sebi:Order/BM/RK/2024-25/31069. 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.