sebi:WTM/SM/WRO/WRO/24650/2022-23
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Facts / Headnote
Violations found; refund of INR 75,68,994/- directed, 2-year debarment imposed, penalty of INR 2,00,000 imposed
Provisions invoked
- s. 11B
- s. 15
- s. 19
- s. 11(1)
- s. 12(1)
- s. 12
- s. 11
- s. 15J
- s. 15F
- s. 15E
Regulations
- Reg. 2
- Reg. 3
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(m)
- Reg. 2(l)
Parties
- M/s. E2P Services (Proprietor: Shri. Vikrant Sharma)
Holding
The Noticee was found to have violated Section 12(1) of the SEBI Act, 1992 read with regulation 3(1) of the IA Regulations, 2013 by carrying out investment advisory activities without obtaining SEBI registration. Directions were issued for refund of INR 75,68,994/-, a 2-year debarment from the securities market, and a monetary penalty of INR 2,00,000.
Full text
________________________________________________________________________________ Final Order in the matter of M/s. E2P Services (Proprietor: Shri. Vikrant Sharma) Page 2 of 20
________________________________________________________________________________ Final Order in the matter of M/s. E2P Services (Proprietor: Shri. Vikrant Sharma) Page 3 of 20
________________________________________________________________________________ Final Order in the matter of M/s. E2P Services (Proprietor: Shri. Vikrant Sharma) Page 4 of 20
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Source: SecMarx — sebi:WTM/SM/WRO/WRO/24650/2022-23. 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.