sebi:QJA/BS/MIRSD/MIRSD-SEC-5/32425/2026-27
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Facts / Headnote
Regulatory censure issued against the Noticee; DA recommendation for 2-month prohibition on onboarding new clients as RA rejected.
Provisions invoked
- s. 19
- s. 12A
- s. 12
- s. 15E
- s. 237
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 26(1)
- Reg. 29(1)
- Reg. 29
- Reg. 2
- Reg. 3(c)
- Reg. 24
- Reg. 23
- Reg. 4(2)(k)
- Reg. 25
- Reg. 27
- Reg. 26
- Reg. 32
- Reg. 24(2)
Parties
- Amit Guruh Sachedeva
Holding
The Noticee violated PFUTP Regulations 3(c), 3(d), 4(1), 4(2)(k), (o), (s) and RA Regulations including Code of Conduct by assuring returns through RMs and by failing to cooperate with inspection, and a regulatory censure was issued as proportionate action.
Full text
Order in the matter of inspection of Mr. Amit Guruh Sachdeva – Research Analyst Page 2 of 20 3. SEBI’s inspection, inter alia, observed that the Noticee had violated various provisions of RA Regulations, SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”), and SEBI Circular No. SEBI/HO/MIRSD/ MIRSD-PoD2/P/CIR/2023/52 dated April 06, 2023 (“SEBI April 2023 Circular”). These findings / observations of the inspection were communicated to the Noticee by SEBI vide email and letter dated June 27, 2024 and the Noticee submitted his response to the observations vide letter dated June 29, 2024.
Order in the matter of inspection of Mr. Amit Guruh Sachdeva – Research Analyst Page 3 of 20 Report”) dated August 29, 2025 in terms of regulation 26 of the SEBI Intermediaries Regulations.
Order in the matter of inspection of Mr. Amit Guruh Sachdeva – Research Analyst Page 4 of 20 SCN, the Noticee was called upon to show cause as to why action as recommended by the DA or any other action as contemplated in the SEBI Intermediaries Regulations should not be taken against him. The Enquiry Report of the DA dated August 29, 2025 made with respect to the Noticee was also forwarded to the Noticee along with the SCN. Therefore, any reference in this Order to the allegations made in the SCN must also be read to include the conclusions arrived at in the Enquiry Report.
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Source: SecMarx — sebi:QJA/BS/MIRSD/MIRSD-SEC-5/32425/2026-27. 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.