sebi:WTM/MPB/SEBI/EFD-DRA4/3/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticees found liable for unregistered investment advisory and research analyst activities; directed to refund fees collected, debarred from securities market for 3 years from date of refund, and restrained from associating with listed/public companies and SEBI-registered intermediaries for 3 years from date of refund.
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 19
- s. 12(1)
- s. 12
- s. 28A
- s. 73(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 2(1)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 2(m)
- Reg. 2(g)
- Reg. 2(u)
- Reg. 2(1)(u)
Parties
- M/s Cypress Money Investment Adviser
- Mr. Anubhav Kandpal
- Ms. Saumya Kala
- Ms. Suman Kala
Holding
The Noticees were found to have violated Section 12(1) of the SEBI Act, 1992 read with Regulation 3 of the IA Regulations and Regulation 3 of the RA Regulations by providing unregistered investment advisory and research analyst services. They were directed to refund at least Rs. 14,69,581 collected from at least 90 clients and debarred from the securities market for 3 years from the date of refund.
Full text
Order in the matter of M/s Cypress Money Investment Adviser and its partners, Mr. Anubhav Kandpal, Ms. Saumya Kala and Ms. Suman Kala.
Order in the matter of M/s Cypress Money Investment Adviser and its partners, Mr. Anubhav Kandpal, Ms. Saumya Kala and Ms. Suman Kala.
Order in the matter of M/s Cypress Money Investment Adviser and its partners, Mr. Anubhav Kandpal, Ms. Saumya Kala and Ms. Suman Kala.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/MPB/SEBI/EFD-DRA4/3/2018. 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.