sebi:WTM/AN/IMD/IMD-SEC-1/31597/2025-26
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Facts / Headnote
Cancellation of certificate of registration as Portfolio Manager with immediate effect
Provisions invoked
- s. 11B
- s. 19
- s. 12(3)
Regulations
- Reg. 9
- Reg. 33
- Reg. 25
- Reg. 27
- Reg. 41
- Reg. 26
- Reg. 27(1)
- Reg. 7(2)(j)
- Reg. 11(c)
- Reg. 11(e)
Parties
- Amrapali Aadya Trading and Investment Private Limited
Holding
The certificate of registration of Amrapali Aadya Trading and Investment Private Limited as Portfolio Manager (SEBI Registration no. INP000004862) is cancelled with immediate effect for failure to submit periodic reports and for failure to satisfy fit and proper person criteria.
Full text
Final Order in the matter of Amrapali Aadya Trading and Investment Private Limited Page 2 of 15 3. Accordingly, enquiry proceedings under SEBI (Intermediaries) Regulations, 2008 (“Intermediaries Regulations”) read with Regulation 41 of SEBI (Portfolio Managers) Regulations, 2020 (“PMS Regulations”) and Section 12(3) of the SEBI Act, 1992 (“SEBI Act”) were initiated against the Noticee and a Designated Authority (hereinafter referred to as “DA”) was appointed on March 07, 2024 to enquire into the alleged violations by the Noticee. The DA issued a show cause notice dated March 15, 2024 to the Noticee under regulation 25 of Intermediaries Regulations to show cause as to why appropriate recommendation should not be made against it in terms of Regulation 26 of the Intermediaries Regulations for the alleged violations given in the table below. Table 1 S. No. Alleged violations Regulatory Provisions
Final Order in the matter of Amrapali Aadya Trading and Investment Private Limited Page 3 of 15 However, the Noticee neither appeared for the hearing nor filed any reply to the SCN.
Final Order in the matter of Amrapali Aadya Trading and Investment Private Limited Page 4 of 15 hearing was granted to the Noticee on June 04, 2025. On the said date, the AR appeared before me and reiterated the submissions made vide letter dated June 02, 2025.
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Source: SecMarx — sebi:WTM/AN/IMD/IMD-SEC-1/31597/2025-26. 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.