sebi:WTM/ASB/WRO/WRO/19665/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Liability established; refund within 3 months, public notice for claims, asset/bank restrictions for refunds, and 10-year market debarment imposed
Provisions invoked
- s. 19
- s. 12(1)
- s. 12
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
- Reg. 3(1)
- Reg. 2(m)
- Reg. 2(l)
Parties
- Vivek Mahendragiri Ramdati - Proprietor of Vinayak Tradelink
Holding
The Noticee was held to have provided unregistered investment advice and committed fraud by promising assured returns, and was directed to refund Rs 233,90,31,161 to investors/clients within three months and was debarred from the securities market for ten years.
Full text
Order in Respect of Vivek Mahendragiri Ramdati – Proprietor of Vinayak Tradelink 2 / 18 2020 (“Interim Order cum SCN”), against the Noticee on the basis of findings contained in the examination report, inter alia alleging that:
Order in Respect of Vivek Mahendragiri Ramdati – Proprietor of Vinayak Tradelink 3 / 18 investment advisory activity and research analyst activity or any other unregistered activity in the securities market until further orders; …”
Order in Respect of Vivek Mahendragiri Ramdati – Proprietor of Vinayak Tradelink 4 / 18 OF VINAYAK TRADELINK) EMAIL vinayaktradelink360 3@gmail.com DELIVERED PUBLIC NOTICE THROUGH NEWSPAPERS ENGLISH – TIMES OF INDIA (AHMEDABAD EDITION) HINDI – GUJARAT VAIBHAV (AHMEDABAD EDITION) GUJARATI – SANDESH (AHMEDABAD EDITION) PUBLISHED
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Source: SecMarx — sebi:WTM/ASB/WRO/WRO/19665/2022-23. 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.