sebi:WTM/MB/WRO/WRO/13176/2021-22
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Facts / Headnote
Interim ex-parte directions issued barring the Noticees from accessing the securities market, acting as investment advisers, diverting funds, disposing of assets, and requiring depositories to freeze demat account debits/credits, pending conclusion of enquiry.
Provisions invoked
- s. 19
- s. 12A
- s. 27
- s. 179
Regulations
- Reg. 4
- Reg. 3
- Reg. 2(1)(c)
- Reg. 15
- Reg. 15(1)
- Reg. 15(9)
- Reg. 35
Parties
- Capital Stroke Investment Services Pvt. Ltd.
- Mr. Upendra Singh Rajput
- Mr. Prashant Singh Baghel
- Mr. Kamlesh Dhole
Holding
SEBI prima facie found that Capital Stroke and its three directors violated the IA Regulations and PFUTP Regulations by promising assured profits, charging unfair fees through overlapping/advance sales with no refund policy, and issued interim ex-parte directions restraining them from securities market activity pending enquiry.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of Capital Stroke Investment Services Pvt. Ltd. Page 2 of 29
__________________________________________________________________________________________________________________ Interim Order in the matter of Capital Stroke Investment Services Pvt. Ltd. Page 3 of 29 Capital Stroke and its directors had prima facie violated the provision of IA Regulations and SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”)
__________________________________________________________________________________________________________________ Interim Order in the matter of Capital Stroke Investment Services Pvt. Ltd. Page 4 of 29
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Source: SecMarx — sebi:WTM/MB/WRO/WRO/13176/2021-22. 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.