sebi:QJA/GR/MIRSD/MIRSD-SEC-5/30364/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violations of Regulation 15(8), Regulation 25(1), 25(2), Regulation 19(1), 19(2), Regulation 7(1)(a), 7(1)(c), 15(13), Regulation 16, Regulation 17, Regulation 21(1) of IA Regulations and related Code of Conduct clauses established; charges under Regulation 13, Regulation 18(4) not established; proposed penalty of prohibition from taking up new assignments for 6 months
Provisions invoked
- s. 19
- s. 20
Regulations
- Reg. 7
- Reg. 13
- Reg. 16
- Reg. 9
- Reg. 17
- Reg. 25
- Reg. 15
- Reg. 1
- Reg. 21
- Reg. 21(1)
- Reg. 18
- Reg. 23
- Reg. 19
- Reg. 7(1)(a)
- Reg. 201
- Reg. 3(2)
- Reg. 28
- Reg. 19(1)
- Reg. 27
- Reg. 27(5)
Parties
- Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services)
Holding
The Noticee was found to have violated Regulation 15(8) (CKYC/CERSAI registration), Regulation 25(1), 25(2), 19(1), 19(2) (non-cooperation during inspection), Regulation 7(1)(a), 7(1)(c), 15(13) (qualification/certification documentation), Regulation 16 (risk profiling consent), Regulation 17 (suitability assessment), and Regulation 21(1) (delay in grievance redressal) of the IA Regulations along with applicable Code of Conduct clauses. Charges under Regulation 13 (non-disclosure of material information) and Regulation 18(4) (disclosure of holdings) were not established.
Full text
__________________________________________________________________________________ Enquiry Order in the matter of Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services) Page 2 of 28
__________________________________________________________________________________ Enquiry Order in the matter of Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services) Page 3 of 28
__________________________________________________________________________________ Enquiry Order in the matter of Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services) Page 4 of 28
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Source: SecMarx — sebi:QJA/GR/MIRSD/MIRSD-SEC-5/30364/2024-25. 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.