sebi:QJA/BS/CFD/CFD-SEC-1/32328/2025-26
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Facts / Headnote
Cancellation of certificate of registration
Provisions invoked
- s. 19
- s. 12
Regulations
- Reg. 7
- Reg. 6
- Reg. 13
- Reg. 3
- Reg. 9
- Reg. 12
- Reg. 28
- Reg. 200
- Reg. 8
- Reg. 25
- Reg. 27
- Reg. 26(1)
- Reg. 26
- Reg. 28(2)
- Reg. 9A
Parties
- Basan Financial Services Limited
Holding
The certificate of registration granted to Basan Financial Services Limited (SEBI Registration No: INM000011989) as a Merchant Banker is cancelled with immediate effect.
Full text
Order in respect of Basan Financial Service Limited Page 2 of 19 3. SEBI’s inspection, inter alia, observed that the Noticee had violated various provisions of MB Regulations and PIT Regulations.These findings/ observations of the inspection were communicated to the Noticee by SEBI vide letter dated November 29, 2023 and the Noticee submitted its response to the observations vide letter dated December 18, 2023.
Order in respect of Basan Financial Service Limited Page 3 of 19 Table-1 Sl. No. Violations Regulatory provisions allegedly violated
Order in respect of Basan Financial Service Limited Page 4 of 19 7. Failed to publish the requisite Investor Charter on its website. SEBI Circular dated November 23, 2021.
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Source: SecMarx — sebi:QJA/BS/CFD/CFD-SEC-1/32328/2025-26. 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.