sebi:QJA/AA/WRO/WRO/24640/2022-23
Facts / Headnote
Violation established; refund of Rs.4,17,25,034 directed, 2-year securities market debarment and total penalty of Rs.2,00,000 imposed
Provisions invoked
- s. 19
- s. 12(1)
- s. 11B
- s. 12
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
- s. 11B(2)
Regulations relied on
- SEBI (Investment Advisers) Regulations, 2013 — 2(1)(l)
- SEBI (Investment Advisers) Regulations, 2013 — 2(1)(m)
- SEBI (Investment Advisers) Regulations, 2013 — 3(1)
Parties
- Shri Siddhant Suresh Chandan
Holding
The Noticee acted as an unregistered investment adviser in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations and is liable to refund Rs.4,17,25,034 collected as fees, suffer 2-year market debarment, and pay Rs.1,00,000 each under Sections 15EB and 15HB.
Full text
_________________________________________________________________________ Order in respect of Shri. Siddhant Suresh Chandan Page 2 of 21
_________________________________________________________________________ Order in respect of Shri. Siddhant Suresh Chandan Page 3 of 21
_________________________________________________________________________ Order in respect of Shri. Siddhant Suresh Chandan Page 4 of 21
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Source: SecMarx — sebi:QJA/AA/WRO/WRO/24640/2022-23. 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.