sebi:WTM/SM/WRO/16580/2022-23
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Facts / Headnote
Confirmed - directions in Interim Order dated December 27, 2019 confirmed and continued till further orders
Parties
- M/s Money Classic (Proprietor: Mr. Deepak Mishra)
Holding
The Interim Order dated December 27, 2019 against M/s Money Classic and its proprietor Mr. Deepak Mishra is confirmed. The restraints from securities market and investment advisory activities and related freeze directions shall continue till further orders with immediate effect.
Full text
Confirmatory Order in the matter of M/s. Money Classic (Proprietor: Mr. Deepak Mishra) Page 1 of 6 WTM/SM/WRO/16580/2022-23 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: SANTOSH KUMAR MOHANTY, WHOLE TIME MEMBER CONFIRMATORY ORDER Under Sections 11(1), 11(4) And 11B (1) of the Securities and Exchange Board of India Act, 1992 In respect of: Sl. No. Name of the Noticee PAN 1. M/s Money Classic (Proprietor: Mr. Deepak Mishra) BLVPM9284R
Confirmatory Order in the matter of M/s. Money Classic (Proprietor: Mr. Deepak Mishra) Page 2 of 6 3. Accordingly, SEBI carried out a preliminary examination based on the information and details received from the complaints and by scrutinising Noticee’s bank accounts (Axis Bank Ltd., Indore Main Branch, A/c No.: 914020017622338 & ICICI Bank Ltd., New Palasia Branch, A/c No.: 144105500304). Though, the website of the Noticee, http://moneyclassicresearch.com, was not active at the time of examination, the website’s content was accessed through the web archive pages. The aforesaid examination was carried out to ascertain as to whether investment advisory activities were being carried out by the Noticee as per the applicable rules and regulations.
Confirmatory Order in the matter of M/s. Money Classic (Proprietor: Mr. Deepak Mishra) Page 3 of 6 performed in due compliance of the provisions of Securities and Exchange Board of India (Intermediaries) Regulations, 2008 (hereinafter referred to as “Intermediaries Regulations”) and IA Regulations. Consequently, the following directions were issued against the Noticee and its proprietor Mr. Deepak Mishra, in the aforesaid Interim
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Source: SecMarx — sebi:WTM/SM/WRO/16580/2022-23. 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.