sebi:WTM/MPB/EFD-1-DRA-IV/87/2020
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Held HBJ Capital Services Pvt. Ltd. acted as unregistered investment adviser and HBJ Capital Ventures LLP acted as unregistered alternative investment fund in violation of Section 12(1) of SEBI Act; directed refund of fees/contributions with Chartered Accountant certification and compliance by directors/designated partners.
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12(1)
- s. 12
- s. 28
Regulations
- Reg. 6
- Reg. 3
- Reg. 8
- Reg. 2
- Reg. 3(1)
- Reg. 2(1)
- Reg. 3(4)
- Reg. 2(m)
Parties
- HBJ Capital Services Pvt. Ltd.
- HBJ Capital Ventures LLP
- Mr. Kumar Harendra
- Ms. Amrita Singh
- Mr. Abhishek Kumar Singh
- Mr. Jitendra Kumar
- Ms. Arunmozhi Gopalan
- Mr. Ponnuraj Gokulraj
Holding
HBJ Capital Services Pvt. Ltd. carried on investment advisory activity and HBJ Capital Ventures LLP carried on alternative investment fund activity without SEBI registration in violation of Section 12(1) of the SEBI Act read with IA Regulation 3(1) and AIF Regulation 3. HBJ, its directors and HBJ LLP and its designated partners were directed to refund money collected with prescribed certification and compliance mechanism.
Full text
_____________________________________________________________________________________ Order in the matter of HBJ Capital Services Pvt. Ltd. Page 2 of 48
_____________________________________________________________________________________ Order in the matter of HBJ Capital Services Pvt. Ltd. Page 3 of 48
_____________________________________________________________________________________ Order in the matter of HBJ Capital Services Pvt. Ltd. Page 4 of 48
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-IV/87/2020. 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.