sebi:WTM/ASB/WRO/WRO/23248/2022-23
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Facts / Headnote
Noticee found in contravention; directed to refund Rs. 89,94,994, debarred from securities market for 2 years, and restrained from providing investment advisory services without registration
Provisions invoked
- s. 19
- s. 12(1)
- s. 12
Regulations
- Reg. 3
- Reg. 3(1)
Parties
- Sandeep Yadav (Prop: Capital Vista Services / Research Vista)
Holding
The Noticee was engaged in providing investment advisory services without obtaining a certificate of registration from SEBI, in contravention of Regulation 3(1) of the Investment Advisers Regulations read with Section 12(1) of the SEBI Act. The Noticee was directed to refund Rs. 89,94,994 collected as fees, debarred from the securities market for two years, and prohibited from undertaking investment advisory services without registration.
Full text
_____________________________________________________________________________________ Order in the matter of CAPITAL VISTA SERVICES / RESEARCH VISTA (PROP: SANDEEP YADAV) 2 / 15 submitted his initial reply to the allegations in the SCN vide email dated February 19, 2022, in which it was stated that:
_____________________________________________________________________________________ Order in the matter of CAPITAL VISTA SERVICES / RESEARCH VISTA (PROP: SANDEEP YADAV) 3 / 15 g. Noticee denied having any knowledge about the contents of the website referred to in the SCN. It was submitted that in the event Abhishek Sharma had hosted and operated such a website, the Noticee could not be held responsible for the same.
_____________________________________________________________________________________ Order in the matter of CAPITAL VISTA SERVICES / RESEARCH VISTA (PROP: SANDEEP YADAV) 4 / 15 from such establishment or, if he has made an application for such registration within the said period of three months, till the disposal of such application:
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Source: SecMarx — sebi:WTM/ASB/WRO/WRO/23248/2022-23. 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.