sebi:QJA/GR/NRO/NRO-DIV-III/31003/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 12(1)
- s. 12A
- s. 12
- s. 15H
- s. 28A
Regulations
- Reg. 2(c)
- Reg. 3
- Reg. 3(a)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 2(m)
- Reg. 4(2)(k)
- Reg. 2(1)(g)
Parties
- Mr. Ankit Gupta (Proprietor of Niftymaker.com)
Holding
The Noticee was found to have carried on unregistered investment advisory activities by providing investment advice for consideration without obtaining a certificate of registration under the IA Regulations, 2013. The Noticee's contention that his activities constituted research analyst services rather than investment advisory services was rejected.
Full text
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Mr. Ankit Gupta (Proprietor of Niftymaker.com)
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Mr. Ankit Gupta (Proprietor of Niftymaker.com)
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory activities by Mr. Ankit Gupta (Proprietor of Niftymaker.com)
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Source: SecMarx — sebi:QJA/GR/NRO/NRO-DIV-III/31003/2024-25. 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.