sebi:QJA/KS/WRO/WRO/28222/2023
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Facts / Headnote
Violation established ex-parte; refund of Rs.1,29,02,645, 2-year market restraint and monetary penalty imposed
Provisions invoked
- s. 15
- s. 12(1)
- s. 11B
- s. 12
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)
- Reg. 2
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 2(1)(g)
Parties
- Vivan Equities
- Ankush Patidar (Proprietor)
Holding
The Noticee acted as an investment adviser without SEBI registration in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations, and was directed to refund Rs.1,29,02,645 with 2-year market restraint and Rs.1,00,000 penalty each under Sections 15HB and 15EB.
Full text
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by Vivan Equities, Proprietor –Ankush Patidar Page 2 of 20
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by Vivan Equities, Proprietor –Ankush Patidar Page 3 of 20
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by Vivan Equities, Proprietor –Ankush Patidar Page 4 of 20
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Source: SecMarx — sebi:QJA/KS/WRO/WRO/28222/2023. 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.