sebi:QJA/GG/WRO/WRO/25846/2023-24
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Facts / Headnote
Noticee found in violation of Section 12(1) of SEBI Act read with Regulation 3(1) of IA Regulations; directed to refund Rs. 6,77,830/-, debarred from securities market for 6 months, and imposed penalty of Rs. 1,00,000/-
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12(1)
- s. 12
- s. 15J
- s. 15F
- s. 15E
Regulations
- Reg. 2(1)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- Insight Research (Proprietor: Anil Gurjar)
Holding
The Noticee was found to have acted as an investment adviser without obtaining registration from SEBI, in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations, and was directed to refund Rs. 6,77,830/-, debarred from the securities market for six months, and imposed a penalty of Rs. 1,00,000/-.
Full text
___________________________________________________________________________ Order in the matter of Insight Research (Proprietor: Anil Gurjar) Page 2 of 18
___________________________________________________________________________ Order in the matter of Insight Research (Proprietor: Anil Gurjar) Page 3 of 18
___________________________________________________________________________ Order in the matter of Insight Research (Proprietor: Anil Gurjar) Page 4 of 18
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Source: SecMarx — sebi:QJA/GG/WRO/WRO/25846/2023-24. 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.