sebi:QJA/AA/MIRSD/MIRSD-SEC-2/30298/2024-25
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Facts / Headnote
Noticee found in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of IA Regulations and Section 12A(c) of the SEBI Act read with Regulations 3(a),(b),(c),(d) of PFUTP Regulations; directions including refund of fees, monetary penalty, and debarment from securities market for one year
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 12(1)
- s. 12A
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 2(1)
- Reg. 3(a)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 8(1)
Parties
- GTR Solution Financial Services (Proprietor: Mr. Nishant Chaturvedi)
Holding
The Noticee, GTR Solution Financial Services (Proprietor: Mr. Nishant Chaturvedi), was held to have violated Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations by providing investment advice without SEBI registration, and Section 12A(c) of the SEBI Act read with Regulations 3(a)-(d) of the PFUTP Regulations by fraudulently displaying a false SEBI registration number on its website.
Full text
Order in respect of GTR Solution Financial Services (Proprietor: Mr. Nishant Chaturvedi) In the matter of Unregistered Investment Advisory Services Page 2 of 27
Order in respect of GTR Solution Financial Services (Proprietor: Mr. Nishant Chaturvedi) In the matter of Unregistered Investment Advisory Services Page 3 of 27
Order in respect of GTR Solution Financial Services (Proprietor: Mr. Nishant Chaturvedi) In the matter of Unregistered Investment Advisory Services Page 4 of 27
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Source: SecMarx — sebi:QJA/AA/MIRSD/MIRSD-SEC-2/30298/2024-25. 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.