sebi:QJA/GR/WRO/WRO/30041/2023-24

SEBI · SEBI · 2022-04-22 · G Ramar, Chief General Manager

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Cancellation of certificate of registration bearing number INA000008783

Provisions invoked

• s. 19
• s. 12A
• s. 12(3)

Regulations

• Reg. 4
• Reg. 3
• Reg. 4(1)
• Reg. 17
• Reg. 4(2)
• Reg. 15
• Reg. 3(a)
• Reg. 3(c)
• Reg. 15(1)
• Reg. 19
• Reg. 3(d)
• Reg. 4(2)(k)
• Reg. 19(1)
• Reg. 27
• Reg. 15(9)
• Reg. 17(a)
• Reg. 4(2)(s)
• Reg. 19(3)
• Reg. 16(e)
• Reg. 19(2)

Parties

• M/s. MI Research (Proprietor: Mr. Ashish Jain)

Holding

The certificate of registration bearing number INA000008783 granted to M/s. MI Research to conduct business as an investment adviser is cancelled from the date of the order.

Full text

Enquiry Order in the matter of M/s. MI Research (Proprietor: Mr. Ashish Jain) Page 2 of 22 i. Copies of risk profile forms and suitability profile of clients, ii. All the bank account statements of MI Research and Mr. Ashish Jain, iii. Details of year wise fees collected since date of registration, iv. Client master data, v. Copies of audited financial statements for last three years, vi. sample copy of agreement entered into with the clients, vii. Copies of invoices issued to the clients viii. Copies of agreement entered into with clients

Enquiry Order in the matter of M/s. MI Research (Proprietor: Mr. Ashish Jain) Page 3 of 22 iv. Client Master Register; v. Year wise fees collected; vi. Copies of ITR for last 3 years

Enquiry Order in the matter of M/s. MI Research (Proprietor: Mr. Ashish Jain) Page 4 of 22 invoices issued to the clients, audited financial statements for last three years and suitability assessment forms.

Source: SecMarx — sebi:QJA/GR/WRO/WRO/30041/2023-24. 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.