sebi:WTM/AB/MIRSD/MIRSD-SEC-1/31032/2024-25
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Facts / Headnote
Noticees 1 and 2 directed to jointly and severally disgorge INR 9,49,24,122.12 with 6% simple interest; all Noticees restrained from accessing the securities market till April 4, 2025; penalties imposed under sections 15A(a), 15HB/15EB and 15HA of the SEBI Act.
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 19
- s. 12(1)
- s. 12A
- s. 12
- s. 11(2)
- s. 15H
- s. 27
- s. 15J
- s. 15F
- s. 15E
- s. 11(5)
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 15
- Reg. 2
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 22A
- Reg. 4(g)
Parties
- Ravindra Bharti Education Institute Private Limited (Noticee 1)
- Ravindra Bharti (Noticee 2)
- Noticee 3
- Rahul Ananta Gosavi (Noticee 4)
- Dhanashree Giri (Noticee 5)
Holding
RBEIPL was found to have provided unregistered investment advice in violation of the SEBI Act, IA Regulations and PFUTP Regulations, and Noticees 1 and 2 were held jointly and severally liable to disgorge INR 9,49,24,122.12 (revised downward from INR 12,03,82,130.91), with all five Noticees restrained from accessing the securities market till April 4, 2025.
Full text
__________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 2 of 38
__________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 3 of 38
__________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 4 of 38
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Source: SecMarx — sebi:WTM/AB/MIRSD/MIRSD-SEC-1/31032/2024-25. 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.