sebi:QJA/GR/WRO/WRO/30286/2024-25

SEBI · SEBI · 2020-09-23 · G. Ramar, Chief General Manager, Securities and Exchange Board of India

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Proceedings disposed of without adverse action (per DA recommendation under Regulation 26(1)(i) of Intermediaries Regulations); Noticee found to have violated multiple provisions of IA Regulations, PFUTP Regulations, SEBI Act and SEBI circulars

Provisions invoked

s. 19
s. 12A
s. 12(3)

Regulations relied on

SEBI (Intermediaries) Regulations, 2008 — 27
SEBI (Investment Advisers) Regulations, 2013
SEBI (Investment Advisers) Regulations, 2013 — 28
SEBI (PFUTP) Regulations, 2003 — 15(1)
SEBI (PFUTP) Regulations, 2003 — 15(12)
SEBI (PFUTP) Regulations, 2003 — 15(13)
SEBI (PFUTP) Regulations, 2003 — 15(9)
SEBI (PFUTP) Regulations, 2003 — 15A
SEBI (PFUTP) Regulations, 2003 — 17(a)
SEBI (PFUTP) Regulations, 2003 — 17(e)
SEBI (PFUTP) Regulations, 2003 — 19(2)
SEBI (PFUTP) Regulations, 2003 — 25(1)
SEBI (PFUTP) Regulations, 2003 — 25(2)
SEBI (PFUTP) Regulations, 2003 — 3(a)
SEBI (PFUTP) Regulations, 2003 — 3(b)
SEBI (PFUTP) Regulations, 2003 — 3(c)
SEBI (PFUTP) Regulations, 2003 — 3(d)
SEBI (PFUTP) Regulations, 2003 — 4(1)
SEBI (PFUTP) Regulations, 2003 — 4(2)(k)
SEBI (PFUTP) Regulations, 2003 — 4(2)(s)

Parties

Money CapitalHeight Research Investment Advisers Pvt. Ltd.

Holding

The Noticee was found to have violated multiple provisions of the IA Regulations, PFUTP Regulations, SEBI Act, Code of Conduct and SEBI circulars relating to qualification/certification, agreement format, record maintenance, suitability, AML compliance, and promising assured returns. Despite these findings, the proceedings were disposed of without adverse action, keeping in mind the Noticee's intention to surrender its registration.

Full text

__________________________________________________________________________________ Enquiry Order in the matter of Money CapitalHeight Research Investment Advisers Pvt. Ltd., Page 2 of 37

__________________________________________________________________________________ Enquiry Order in the matter of Money CapitalHeight Research Investment Advisers Pvt. Ltd., Page 3 of 37

__________________________________________________________________________________ Enquiry Order in the matter of Money CapitalHeight Research Investment Advisers Pvt. Ltd., Page 4 of 37

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Source: SecMarx — sebi:QJA/GR/WRO/WRO/30286/2024-25. 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.