sebi:Order/SM/SM/2026-27/32351

SEBI · SEBI · 2023-02-03 · Sudeep Mishra, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Violations established under Regulation 7(1)(c) of IA Regulations, 2013 and Clause 61 & 62 of AML Master Circular dated 03.02.2023; monetary penalty imposed under Section 15EB of SEBI Act (amount not specified in excerpt)

Provisions invoked

s. 11B
s. 11
s. 15
s. 19
s. 15I
s. 15J
s. 15F
s. 28A
s. 15E
s. 20

Regulations relied on

SEBI (Investment Advisers) Regulations, 2013 — 1
SEBI (Investment Advisers) Regulations, 2013 — 15A
SEBI (Investment Advisers) Regulations, 2013 — 7(1)(c)

Parties

Growthlift Investment Advisers Private Limited

Holding

The Noticee was held to have violated Regulation 7(1)(c) of the IA Regulations, 2013 for failing to ensure qualification/certification of persons associated with investment advice (including Mr. Yogesh Acharya and 98 client-facing employees), and Clause 61 and 62 of the AML Master Circular dated 03.02.2023 for failing to intimate FIU-IND about appointment of Principal Officer and Designated Director. The Noticee is liable for monetary penalty under Section 15EB of the SEBI Act.

Full text

_________________________________________________________________________________ Adjudication Order in the matter of Growthlift Investment Advisories Private Limited Page 2 of 22

_________________________________________________________________________________ Adjudication Order in the matter of Growthlift Investment Advisories Private Limited Page 3 of 22

_________________________________________________________________________________ Adjudication Order in the matter of Growthlift Investment Advisories Private Limited Page 4 of 22

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Source: SecMarx — sebi:Order/SM/SM/2026-27/32351. 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.