sebi:QJA/AA/WRO/WRO/25839/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticee found in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations and Regulation 4(2)(k) of the PFUTP Regulations, 2003; directions issued including refund of advisory fees, cease and desist from investment advisory services, and monetary penalty
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 12(1)
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 2(1)
- Reg. 4(2)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 4(2)(k)
Parties
- Capital Trading Cash (Prop: Mr. Saudan Singh)
Holding
The Noticee, Capital Trading Cash (Prop: Mr. Saudan Singh), was held to have violated Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations and Regulation 4(2)(k) of the PFUTP Regulations, 2003 by providing unregistered investment advisory services and disseminating false and misleading information through its website claiming to be a SEBI registered intermediary. Directions were issued including refund of advisory fees, cease and desist from investment advisory activities, and monetary penalty.
Full text
Order in respect of Capital Trading Cash (Prop: Mr. Saudan Singh) Page 2 of 24 it was also observed that the Noticee, by holding itself as a SEBI registered intermediary was disseminating false and misleading information through its website.
Order in respect of Capital Trading Cash (Prop: Mr. Saudan Singh) Page 3 of 24 collected Rs. 2,50,000 in multiple tranches from the complainant. The complainant had also provided screenshots of payments made by him to the bank account of the Noticee through IMPS.
Order in respect of Capital Trading Cash (Prop: Mr. Saudan Singh) Page 4 of 24 March 18, 2021 UPI/CR/107716038498/P NEERAJA/KKBK/**i8511@okicici/Capital //ICIbe2f841edd7c4c7195acbe7855aeb9ac/18/03/2 021 16:51:26 5,000.00 March 18, 2021 UPI/CR/107717454847/P NEERAJA/KKBK/**i8511@okicici/capital //ICI2cf50d6dea764e869dea58f000c993f9/18/03/20 21 17:31:54 10,000.00 March 20, 2021 UPI/CR/107915504071/PALLETI N/UTIB/**i8511@okaxis/capital //AXI1edf0f092b174fc1abab19dd9b83dc12/20/03/2 021 15:23:29 5,000.00 March 22, 2021 NEFT Cr-ICIC0SF0002-SUHASINI R G-CAPITAL TRADING-73552351 5,000.00 March 22, 2021 UPI/CR/108123589524/PALLETI N/UTIB/**i8511@okaxis/capital //AXIea49b0b2d3ea4097811f84d3d6a2e117/22/03/ 2021 23:06:59 5,000.00 March 23, 2021 UPI/CR/108218237228/PALLETI N/UTIB/**i8511@okaxis/capital //AXIf0f539e275524296bbcbef6cf8c24732/23/03/20 21 18:24:30 5,000.00 March 25, 2021 NEFT Cr-ICIC0SF0002-SUHASINI R G-CAPITAL TRADING-75693758 10,000.00 March 26, 2021 UPI/CR/108506783087/PALLETI N/UTIB/**i8511@okaxis/capital //AXI310131add3674817b0d234581a41caff/26/03/2 021 06:11:16 9,000.00 March 27, 2021 NEFT Cr-IBKL0NEFT01-SANJAY PUNDALIK PATIL-CAPITAL TRADING-0327i26712834161 15,000.00 March 30, 2021 NEFT Cr-IBKL0NEFT01-SANJAY PUNDALIK PATIL-CAPITAL TRADING-0330i26716246341 25,000.00 April 20,2021 UPI/CR/111008806328/MAHAVEER /BARB/**er999@okaxis/capital //AXI790dd8b6c2394550aab5a3bdf47efb64/20/04/2 021 08:40:43 25,000.00 April 26, 2021 UPI/CR/111612846014/BHUSHAN B/HDFC/**kheyb@okaxis/c
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Source: SecMarx — sebi:QJA/AA/WRO/WRO/25839/2023-24. 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.