sebi:QJA/AA/MIRSD/MIRSD-SEC-4/29913/2023-24
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Facts / Headnote
Certificate of Registration (bearing No. INA000013952) of Mr. Sandeep Subhashbhai Borse as Investment Adviser cancelled.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
- s. 27
- s. 12(3)
Regulations
- Reg. 9
- Reg. 23(1)
- Reg. 15(1)
- Reg. 13(a)
- Reg. 3(1)
- Reg. 2(m)
- Reg. 12(1)
- Reg. 27
- Reg. 26(1)
- Reg. 26
- Reg. 6(f)
- Reg. 25(1)
Parties
- Sandeep Subhashbhai Borse
Holding
The Competent Authority cancelled the Certificate of Registration bearing No. INA000013952 of Mr. Sandeep Subhashbhai Borse as Investment Adviser. It was held that he violated Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) and Regulations 6(f), 13(a) and 13(b) of the SEBI (Investment Advisers) Regulations, 2013.
Full text
Order in respect of Sandeep Subhashbhai Borse Page 2 of 28 6(f), 13(a) and 13(b) of the SEBI (Investment Advisers) Regulations, 2013 (hereinafter also referred to as “IA Regulations”).
Order in respect of Sandeep Subhashbhai Borse Page 3 of 28 6. During the enquiry proceedings, the Noticee vide email dated January 2, 2023 informed the DA, inter alia, that he would be filing a settlement application before SEBI w.r.t the said proceedings.
Order in respect of Sandeep Subhashbhai Borse Page 4 of 28 Noticee in terms of the said Regulations, as deemed fit by the Competent Authority.
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Source: SecMarx — sebi:QJA/AA/MIRSD/MIRSD-SEC-4/29913/2023-24. 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.