sebi:WTM/SM/WRO/WRO/20819/2022-23
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Facts / Headnote
Allegations of unregistered investment advisory services upheld; Noticees directed to refund approximately INR 48.62 lacs, debarred from securities market for 2 years, and restrained from associating with listed/public companies or SEBI-registered intermediaries for 2 years.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12(1)
- s. 12
Regulations
- Reg. 2
- Reg. 3
- Reg. 2(1)(l)
- Reg. 3(1)
Parties
- M/s. Greenwealth
- Ms. Bhavna Bariya
Holding
The Noticees were found to have carried on investment advisory activities and held themselves out as SEBI registered Investment Advisers without obtaining the requisite certificate of registration, in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations, 2013. Directions were issued for refund of approximately INR 48.62 lacs, a two-year debarment from the securities market, and a two-year restraint from association with listed/public companies and SEBI-registered intermediaries.
Full text
________________________________________________________________________________ Final Order in the matter of M/s. Greenwealth, proprietor – Ms. Bhavna Bariya Page 1 of 19
________________________________________________________________________________ Final Order in the matter of M/s. Greenwealth, proprietor – Ms. Bhavna Bariya Page 2 of 19
________________________________________________________________________________ Final Order in the matter of M/s. Greenwealth, proprietor – Ms. Bhavna Bariya Page 3 of 19
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Source: SecMarx — sebi:WTM/SM/WRO/WRO/20819/2022-23. 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.