sebi:WTM/MPB/IMD/59/2018
Facts / Headnote
Directed Mr. Narendra Singh Tanwar, proprietor of M/s Capital True Financial Services to cease and desist from acting as investment adviser and soliciting such activity, withdraw/remove all related advertisements/websites/communications, submit client list and fees collected within 21 days, and not divert funds raised from investors, until further orders; order to take effect immediately and treated as show cause notice.
Provisions invoked
- s. 11
- s. 19
Regulations relied on
- SEBI (Investment Advisers) Regulations, 2013 — 13(a)
- SEBI (Investment Advisers) Regulations, 2013 — 6(b)
- SEBI (Investment Advisers) Regulations, 2013 — 7(1)(b)
Parties
- Mr. Narendra Singh Tanwar, proprietor of M/s Capital True Financial Services
Holding
Prima facie the Noticee obtained investment adviser registration by submitting false/forged experience documents and violated Regulations 6(b) read with 7(1)(b) and 13(a) of the IA Regulations; he was directed by ex-parte ad-interim order to cease investment advisory activity and comply with ancillary directions until further orders.
Full text
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Source: SecMarx — sebi:WTM/MPB/IMD/59/2018. 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.