sebi:WTM/AS/SRO/SRO/31297/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticees restrained from taking up any new assignment or contract for a period of six months
Provisions invoked
- s. 19
- s. 11(1)
- s. 25
Regulations
- Reg. 9
- Reg. 15
- Reg. 3(1)
- Reg. 27
- Reg. 27(5)
- Reg. 15(9)
- Reg. 13(b)
- Reg. 27(1)
Parties
- Mr. Yogesh Kukadia
- Mr. Rajesh Kallidumbil
Holding
The Noticees violated Regulation 13(b) of the IA Regulations and Clause 1 of the Code of Conduct read with Regulation 15(9) by conducting investment advisory activities through six unregistered partnership firms, and were restrained from taking up any new assignment or contract for six months.
Full text
__________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory by Six Partnership Firms Page 2 of 14
__________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory by Six Partnership Firms Page 3 of 14
__________________________________________________________________________________________ Order in the matter of Unregistered Investment Advisory by Six Partnership Firms Page 4 of 14
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/AS/SRO/SRO/31297/2024-25. 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.