sebi:QJA/GR/WRO/WRO/30311/2024
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Facts / Headnote
Noticee found in violation; refund directions, market debarment for two years, and penalty imposed
Provisions invoked
- s. 15
- s. 12(1)
- s. 11B
- s. 12
- s. 11
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 2
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 2(1)(g)
Parties
- M/s. Ideal Equity (Proprietor: Anilkumar Talpada)
Holding
The Noticee was found to have carried on investment advisory activities without obtaining SEBI registration, in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations, 2013, and was directed to refund all monies collected, debarred from the securities market for two years, and penalized Rs. 1,00,000 under Section 15EB.
Full text
_____________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory Activities by M/s. Ideal Equity (Proprietor: Anilkumar Talpada) Page 2 of 22
_____________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory Activities by M/s. Ideal Equity (Proprietor: Anilkumar Talpada) Page 3 of 22
_____________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory Activities by M/s. Ideal Equity (Proprietor: Anilkumar Talpada) Page 4 of 22
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Source: SecMarx — sebi:QJA/GR/WRO/WRO/30311/2024. 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.