sebi:WTM/KV/MIRSD/MIRSD-SEC-1/30265/2024-25
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Facts / Headnote
Prima facie held unregistered investment advisory and fraud; directed Noticees to cease and desist from investment advisory activity, impound INR 12,03,82,130.91 unlawful gains to escrow with lien in favour of SEBI, freeze debits in bank/demat accounts, restrain disposal of assets and collection of fees, withdraw advertisements, and file inventory and replies within 21 days; order effective immediately till further orders.
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 11D
- s. 27
- s. 11A
- s. 15
- s. 29
- s. 15E
Regulations
- Reg. 11
- Reg. 3
- Reg. 4
- Reg. 200
- Reg. 2
- Reg. 3o
Parties
- Ravindra Bharti Education Institute Private Limited
- Mr. Ravindra Balu Bharti
- Mrs. Shubhangi Ravindra Bharti
- Mr. Rahul Ananta Gosavi
- Ms. Dhanashri Chandrakant Giri
Holding
SEBI prima facie held Ravindra Bharti Education Institute Private Limited acted as an unregistered investment adviser and engaged in fraudulent and unfair trade practices, with Noticees nos. 2 to 5 liable under Section 27, and passed ex-parte interim directions including cease and desist and impounding of INR 12,03,82,130.91 as unlawful gains.
Full text
_______________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 2 of 59
_______________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 3 of 59
_______________________________________________________________________________________ Order in the matter of Ravindra Bharti Education Institute Private Limited Page 4 of 59
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Source: SecMarx — sebi:WTM/KV/MIRSD/MIRSD-SEC-1/30265/2024-25. 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.