sebi:WTM/ASB/WRO/WRO/26686/2023-24
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Facts / Headnote
Refund of Rs. 9,79,088 directed within three months with public notice, certified reporting and escrow deposit; 3-year market access bar under Final Order continued
Provisions invoked
- s. 19
Regulations
- Reg. 3
Parties
- Manish Lalwani
- M/s Capital Yield Research and Advisory
Holding
On limited remand from SAT, the WTM held the Noticee liable to refund Rs. 9,79,088 collected as fees for unregistered investment advisory services within three months, with public notice, reporting and deposit of balance with SEBI, to be read with the Final Order dated January 18, 2023.
Full text
______________________________________________________________________ Order in the matter of Capital Yield Research and Advisory 2 / 8 a period of 3 (three) years from the date of this Order or till the expiry of 3 (three) years from the date of completion of refunds to Complainants /investors /clients along with depositing of balance amounts, if any, with SEBI, as directed in paragraphs 7(a) and 7(e), whichever is later. …”
______________________________________________________________________ Order in the matter of Capital Yield Research and Advisory 3 / 8
______________________________________________________________________ Order in the matter of Capital Yield Research and Advisory 4 / 8
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Source: SecMarx — sebi:WTM/ASB/WRO/WRO/26686/2023-24. 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.