sebi:WTM/MPB/WRO/WRO/13357/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Interim ex-parte directions issued pending conclusion of enquiry: GRS and its proprietor restrained from securities market and from acting as investment adviser, bank/demat/mutual fund accounts frozen, alienation of assets barred, and removal of advertisements/website content directed.
Provisions invoked
- s. 19
- s. 12A
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 16
- Reg. 2(1)
- Reg. 17
- Reg. 15
- Reg. 15(1)
- Reg. 7(2)
- Reg. 19
- Reg. 19(1)
- Reg. 15(9)
- Reg. 15(13)
- Reg. 35
- Reg. 16(e)
- Reg. 16(a)
- Reg. 17(b)
Parties
- M/s. The GRS Solution
- Mr. Nilesh Vispute
Holding
Pending enquiry, GRS and its proprietor Mr. Nilesh Vispute are prima facie found to have violated IA Regulations and PFUTP Regulations and are directed to cease investment advisory activity, not access the securities market, not alienate assets, with debits/credits in bank/demat/mutual fund holdings frozen until further orders.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of The GRS solutions and its Proprietor Mr. Nilesh Vispute Page 1 of 38 WTM/MPB/WRO/WRO/13357/2021-22
__________________________________________________________________________________________________________________ Interim Order in the matter of The GRS solutions and its Proprietor Mr. Nilesh Vispute Page 2 of 38
__________________________________________________________________________________________________________________ Interim Order in the matter of The GRS solutions and its Proprietor Mr. Nilesh Vispute Page 3 of 38
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Source: SecMarx — sebi:WTM/MPB/WRO/WRO/13357/2021-22. 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.