sebi:QJA/AA/WRO/WRO/30812/2024-25
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Facts / Headnote
Violation established; Noticee directed to refund Rs. 54,49,007, publish refund modalities, face asset freeze and be debarred from securities market for one year or till completion of refunds, whichever is later
Provisions invoked
- s. 11(1)
- s. 12(1)
- s. 12
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- Investor India Research
- Mr. Rahul Goswami
Holding
The Noticee, Investor India Research through its proprietor Mr. Rahul Goswami, 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, 2013 and is liable to refund Rs. 54,49,007 collected as fees with debarment and ancillary directions.
Full text
Order in respect of Investor India Research, Proprietor: Mr. Rahul Goswami Page 2 of 18 SHOW CAUSE NOTICE, REPLY AND HEARING
Order in respect of Investor India Research, Proprietor: Mr. Rahul Goswami Page 3 of 18 (f) The fees ranged from Rs. 5,000 per month to Rs. 7.80 lakh per annum.”
Order in respect of Investor India Research, Proprietor: Mr. Rahul Goswami Page 4 of 18 C. Account statement received from HDFC Bank D. Account statement received from ICICI Bank E. Account statement received from Bank of Maharashtra
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Source: SecMarx — sebi:QJA/AA/WRO/WRO/30812/2024-25. 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.