sebi:WTM/MPB/IMD-CIS/127/2020
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Facts / Headnote
Interim ex-parte directions issued restraining Chetan Shukla from acting as investment adviser, dealing in securities, associating with intermediaries, and disposing of assets; order treated as show cause notice.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 2
- Reg. 3(1)
- Reg. 2(m)
- Reg. 35
- Reg. 2(l)
Parties
- Chetan Yashwant Shukla
Holding
Chetan Shukla, a SEBI-registered Research Analyst, was prima facie holding himself out and acting as an investment adviser without the requisite registration under the IA Regulations, and his representations were prima facie fraudulent in violation of the SEBI Act and PFUTP Regulations. Interim ex-parte directions were issued restraining him from acting as an investment adviser, dealing in securities, associating with intermediaries, and disposing of assets pending investigation.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of Chetan Yashwant Shukla Page 2 of 21
__________________________________________________________________________________________________________________ Interim Order in the matter of Chetan Yashwant Shukla Page 3 of 21
__________________________________________________________________________________________________________________ Interim Order in the matter of Chetan Yashwant Shukla Page 4 of 21
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Source: SecMarx — sebi:WTM/MPB/IMD-CIS/127/2020. 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.