sebi:QJA/GR/NRO/NRO/30021/2023-24
Facts / Headnote
Violation established; Noticee directed to refund Rs.12,47,848, debarred from securities market for one year, and penalty of Rs.1,00,000 imposed
Provisions invoked
- s. 15
- s. 19
- s. 12(1)
- s. 11B
- s. 11
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations relied on
- SEBI (Investment Advisers) Regulations, 2013 — 2(1)(l)
- SEBI (Investment Advisers) Regulations, 2013 — 2(1)(m)
- SEBI (Investment Advisers) Regulations, 2013 — 3(1)
Parties
- Arjun Sharma - Proprietor of M/s Commodity Raja
Holding
The Noticee acted as an unregistered investment adviser 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.12,47,848, debarred for one year, and penalized Rs.1,00,000 under Section 15EB.
Full text
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Arjun Sharma - Proprietor of M/s Commodity Raja Page 2 of 16
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Arjun Sharma - Proprietor of M/s Commodity Raja Page 3 of 16
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Arjun Sharma - Proprietor of M/s Commodity Raja Page 4 of 16
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Source: SecMarx — sebi:QJA/GR/NRO/NRO/30021/2023-24. 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.