sebi:WTM/MPB/IMD-CIS/WRO-PLO/60/2019
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Facts / Headnote
Interim ex-parte directions issued restraining the Noticees from investment advisory and research analyst activities, freezing bank accounts, prohibiting securities market access, and directing asset inventory; order treated as show cause notice.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
Regulations
- Reg. 3(1)
- Reg. 2(m)
- Reg. 2(l)
Parties
- M/s. Premium Research Financial Services
- M/s. Premium Capital Services
- Mr. Jeevan Lal Maru
Holding
The Noticees, prima facie, were engaged in providing unregistered investment advisory services and holding themselves out as research analysts without mandatory SEBI registration, in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations and Regulation 3(1) of the RA Regulations. Urgent interim directions were issued to protect investors and the integrity of the securities market.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Premium Research Financial Services and M/s Premium Capital Services Page 2 of 19
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Premium Research Financial Services and M/s Premium Capital Services Page 3 of 19
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Premium Research Financial Services and M/s Premium Capital Services Page 4 of 19
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Source: SecMarx — sebi:WTM/MPB/IMD-CIS/WRO-PLO/60/2019. 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.