sebi:WTM/SM/SRO/SRO/17981/2022-23

SEBI · SEBI · 2017-09-05 · S. K. Mohanty, Whole Time Member

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 to have violated Section 12(1) of the SEBI Act, 1992 read with regulation 3(1) of the IA Regulations, 2013; directed to refund fees collected, restrained from securities market activities for 2 years, and debarred from associating with listed/public companies and SEBI-registered intermediaries for 2 years.

Provisions invoked

• s. 19
• s. 12(1)

Regulations

• Reg. 2
• Reg. 2(1)(l)
• Reg. 3(1)
• Reg. 2(1)(m)

Parties

• Good Profit Advisory Company (Sole Proprietor Ms. S. Jansirani)

Holding

The Noticees, Good Profit Advisory Company and its proprietor Ms. S. Jansirani, were found to have acted as an unregistered Investment Adviser in violation of Section 12(1) of the SEBI Act, 1992 read with regulation 3(1) of the IA Regulations, 2013. They were directed to refund all fees collected from clients within three months, restrained from securities market activities for two years, and debarred from associating with listed/public companies and SEBI-registered intermediaries for two years.

Full text

__________________________________________________________________________________________ Final Order in respect of Good Profit Advisory Company (Sole Proprietor Ms. S. Jansirani) Page 2 of 20

__________________________________________________________________________________________ Final Order in respect of Good Profit Advisory Company (Sole Proprietor Ms. S. Jansirani) Page 3 of 20

__________________________________________________________________________________________ Final Order in respect of Good Profit Advisory Company (Sole Proprietor Ms. S. Jansirani) Page 4 of 20

Source: SecMarx — sebi:WTM/SM/SRO/SRO/17981/2022-23. 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.