sebi:WTM/MB/WRO/WRO/12849/2021-22
Facts / Headnote
Interim ex-parte order issued restraining the Noticees from acting as investment advisers, freezing bank account credits and debits, and directing depositories, RTAs, and the bank to comply; order also treated as show cause notice.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
Regulations relied on
- SEBI (Investment Advisers) Regulations, 2013 — 2(l)
- SEBI (Investment Advisers) Regulations, 2013 — 2(m)
- SEBI (Investment Advisers) Regulations, 2013 — 3(1)
Parties
- M/s. Green Money Solution
- Mr. Arvind Patidar
Holding
The Noticees, M/s. Green Money Solution and its proprietor Mr. Arvind Patidar, were prima facie found to be holding themselves out and acting as investment advisers without obtaining a certificate of registration from SEBI, in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations. Urgent interim directions were issued restraining their investment advisory activity, freezing their bank account, and preventing diversion of funds.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Green Money Solution and its Proprietor Mr. Arvind Patidar Page 1 of 19
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Green Money Solution and its Proprietor Mr. Arvind Patidar Page 2 of 19
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Green Money Solution and its Proprietor Mr. Arvind Patidar Page 3 of 19
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Source: SecMarx — sebi:WTM/MB/WRO/WRO/12849/2021-22. 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.