Capvision Investment Advisors

SAT-appeal

• Providing investment advisory services without SEBI registration and continuing such activities despite SEBI's direction to stop; allegedly making false and inconsistent statements regarding eligibility and receipts.
  Appeal dismissed · AO's penalty of Rs.75 lakh upheld
  Appeal: Appeal No.423 of 2016 dismissed by SAT on 2 November 2017 with costs
• Providing assured returns, making false and misleading representations, failing to act in a fiduciary capacity, and carrying on unregistered investment advisory activities. Entities and bank accounts were allegedly used to divert client payments and frustrate SEBI recovery.
  Delay in filing Appeals Nos. 499 and 500 of 2023 was condoned · Appeals Nos. 499, 500 and 501 of 2023 were dismissed summarily
  Appeal: Appeal Nos. 499, 500 and 501 of 2023 disposed of and dismissed on 04 July 2023; connected Misc. Applications Nos. 723 and 623 of 2023 allowed for condonation of delay
• Providing assured returns, making false/misleading representations and failing fiduciary duties to clients in violation of IA and PFUTP Regulations, including routing funds via unregistered similar-named entities.
  Delay in filing appeals condoned · Appeal Nos. 499, 500 and 501 of 2023 dismissed summarily with no costs
  Appeal: Appeal Nos. 499, 500, 501 of 2023 dismissed summarily on 04.07.2023; Misc. Applications No.723 and 623 of 2023 for condonation of delay allowed
• Providing assured returns as Investment Adviser in violation of IA and PFUTP Regulations; false/misleading representations and failure to act in fiduciary capacity.
  Delay condoned, Misc. Applications No. 723 and 623 of 2023 allowed · Appeal Nos. 499, 500, 501 of 2023 dismissed summarily with no costs
  Appeal: Appeal Nos. 499, 500, 501 of 2023 with Misc. Applications 723, 623 of 2023 dismissed summarily on 04.07.2023; delay condoned