sebi:WTM/AB/WRO/WRO/22737/2022-23
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Facts / Headnote
Noticees held to have carried out unregistered investment advisory activities in violation of Section 12(1) of SEBI Act, 1992 read with Regulation 3(1) of IA Regulations, 2013; directed jointly and severally to refund fees within three months with public notice and CA-certified report, deposit balance with SEBI in escrow, restrained from selling assets except for refunds, and debarred from securities market for 6 months.
Provisions invoked
- s. 19
- s. 12(1)
Regulations
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- M/s Trade Solutions Services, prop. Varsha Oswal
- M/s Trade Solution, prop. Prabha Patel
Holding
The Noticees acted as investment advisers without SEBI registration in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations, 2013, and were directed to jointly and severally refund Rs. 76,68,606.94 collected as fees, deposit any balance with SEBI, and remain debarred from the securities market for 6 months.
Full text
Final Order in the matter of M/s. Trade Solutions Services, prop. Varsha Oswal and M/s. Trade Solution, prop. Prabha Patel
Final Order in the matter of M/s. Trade Solutions Services, prop. Varsha Oswal and M/s. Trade Solution, prop. Prabha Patel
Final Order in the matter of M/s. Trade Solutions Services, prop. Varsha Oswal and M/s. Trade Solution, prop. Prabha Patel
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Source: SecMarx — sebi:WTM/AB/WRO/WRO/22737/2022-23. 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.