sebi:WTM/ASB/WRO/WRO/22386/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticees held to have acted as unregistered investment adviser and directed to refund fees collected, publish public notice inviting claims, deposit balance with SEBI, and debarred from securities market for three years.
Provisions invoked
- s. 19
- s. 12(1)
- s. 12
- s. 27
- s. 25
Regulations
- Reg. 3
- Reg. 3(1)
- Reg. 2(m)
- Reg. 2(l)
Parties
- M/S CAPPROIN FINANCIAL ADVISORY SERVICES
- SOURABH RAI
- JASMEET KAUR BAGGA
Holding
The Noticees operated as an 'Investment Adviser' without SEBI registration for January 1, 2014 to September 2015 in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the Investment Advisers Regulations and are liable to refund Rs. 75,19,961 with debarment.
Full text
_____________________________________________________________________________________ Order in the matter of Capproin Financial Advisory Services 2 / 19 SHOW CAUSE NOTICE
_____________________________________________________________________________________ Order in the matter of Capproin Financial Advisory Services 3 / 19
_____________________________________________________________________________________ Order in the matter of Capproin Financial Advisory Services 4 / 19
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Source: SecMarx — sebi:WTM/ASB/WRO/WRO/22386/2022-23. 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.