sebi:QJA/AA/WRO/WRO/29946/2023-24
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Facts / Headnote
Designated Authority recommended cancellation of certificate of registration No. INA000003627; final operative direction not visible in excerpt
Provisions invoked
- s. 19
- s. 12A
- s. 12(3)
Regulations
- Reg. 4
- Reg. 3
- Reg. 13
- Reg. 16
- Reg. 6
- Reg. 9
- Reg. 17
- Reg. 15
- Reg. 3(a)
- Reg. 15(1)
- Reg. 21(1)
- Reg. 7
- Reg. 24
- Reg. 27
- Reg. 27(5)
- Reg. 15(9)
- Reg. 16(b)
- Reg. 17(a)
- Reg. 28(f)
- Reg. 16(d)
Parties
- M/s Star India Market Research
- Mr. Dharmendra Kumar (Proprietor)
Holding
The Designated Authority found multiple violations by the Investment Adviser including promising returns, failure of risk profiling and suitability, arbitrary/exorbitant fees and overlapping products, failure to redress complaints and furnish information, and obtaining registration on incorrect information, and recommended that certificate of registration No. INA000003627 may be cancelled.
Full text
Order in the matter of M/s Star India Market Research (Proprietor: Mr. Dharmendra Kumar) _____________________________________________________________________________________
Order in the matter of M/s Star India Market Research (Proprietor: Mr. Dharmendra Kumar) _____________________________________________________________________________________
Order in the matter of M/s Star India Market Research (Proprietor: Mr. Dharmendra Kumar) _____________________________________________________________________________________
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Source: SecMarx — sebi:QJA/AA/WRO/WRO/29946/2023-24. 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.