sebi:QJA/GR/SRO/SRO/30821/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 12(1)
- s. 11B
- s. 12A
- s. 12
- s. 11
- s. 15J
- s. 15H
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4
- Reg. 2(1)(c)
- Reg. 3(a)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 2(1)(g)
- Reg. 4(2)(k)
Parties
- Stock Taurus Private Limited (Noticee No.1)
- Avinash M / Avinash Gowda (Noticee No.2)
- Mohammed Abubakar (Noticee No.3)
- Bhanupriya R G (Noticee No.4)
- Sagar B K (Noticee No.5)
Holding
On the extract available, the SCN alleged Noticees Nos.1-5 collected Rs.3,44,64,805 as fees for providing investment advice without SEBI registration in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations and fraud provisions, and the adjudicator rejected Noticee No.2's exculpatory explanation for lack of evidence.
Full text
_____________________________________________________________________________________________ Order on unregistered investment advisory services in the matter of Stock Taurus Private Ltd. Page 2 of 35
_____________________________________________________________________________________________ Order on unregistered investment advisory services in the matter of Stock Taurus Private Ltd. Page 3 of 35
_____________________________________________________________________________________________ Order on unregistered investment advisory services in the matter of Stock Taurus Private Ltd. Page 4 of 35
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Source: SecMarx — sebi:QJA/GR/SRO/SRO/30821/2024-25. 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.