sebi:QJA/GPG/WRO/WRO/21970/2022-23
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Facts / Headnote
Noticees found in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of IA Regulations; directed to refund Rs.39,26,741.71, debarred from securities market for 6 months, and jointly and severally imposed a penalty of Rs.3,00,000/-
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12(1)
- s. 12
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 3
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- Jitendrakumar Ganeshlal Bata
- Goutam Sarvar
- Mukeshbhai Ramanbhai Muniya
Holding
The Noticees were found to have acted as and held themselves out as investment advisers without obtaining a certificate of registration from SEBI, in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations, 2013. They were directed to refund Rs.39,26,741.71 collected as advisory fees, debarred from the securities market for 6 months, and jointly and severally imposed a penalty of Rs.3,00,000/- under Section 15HB.
Full text
Final Order in the matter of Crude Oil Tipswala Page 2 of 23 payment made, but the phone calls remained unattended and no response was received for his messages on Whatsapp.
Final Order in the matter of Crude Oil Tipswala Page 3 of 23 composed pool of employees. Employees are the most important asset to our company. We show a lot of confidence in our employees. Consequently, the environment within our company is comfortable to work. If you want to be part of our vibrant company. A great product gains acceptance and recognition if it is delivered correctly and at the end, the customer is satisfied. The sales force at Epic treats its customers with high regard. We realise what our clients are looking for and we strive to meet their financial goals in a smooth manner. Right after the first contact is made with a client, our sales professionals maintain touch with the client and support them in making the right choice with regards to the product and the payment plan that fits exactly with the client’s risk bearing capacity and short/long term financial targets. We go a step further for our premium and HNI clients and dedicate a sales professional to assist them at every step during payments, trading and post trading.
Final Order in the matter of Crude Oil Tipswala Page 4 of 23 Name Bank Account No. Goutam Sarvar SBI 61037567756 Mukeshbhai Ramanbhai Muniya SBI 20351229453
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Source: SecMarx — sebi:QJA/GPG/WRO/WRO/21970/2022-23. 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.