Fingravy Wealth Creation Services Pvt. Ltd.
Penalties and directions recorded
- Matters listed by consent on 2 July 2024
- Matters were listed on 27 August 2024.
- Appellants to place Rs 60 lakh in fixed deposit in nationalized bank with lien in favour of SEBI
SAT-appeal
- SAT matter SATV-02F447E6D340619C68AC5742Appellants granted four weeks to file rejoinder · Matters listed by consent on 2 July 2024Appeal: Appeal Nos. 71 and 72 of 2024 were pending; adjourned for rejoinder and listed on 2 July 2024
- SAT matter SATV-296F50263C0483E783B1402FAppellants' request for time was allowed by consent. · Matters were listed on 27 August 2024.Appeal: Appeal Nos. 71 and 72 of 2024 were pending; by consent, listed for 27 August 2024.
- Operation of an unregistered investment advisory business and failure to establish the source and nature of monies received, including amounts claimed to be for investment advisory services.Violations and directions in SEBI's impugned order affirmed. · Matter remitted to the WTM only to determine the actual amount received for investment advisory services.Appeal: Appeal Nos. 071 of 2024 and 072 of 2024 disposed of by SAT common order dated 26 June 2025; connected miscellaneous applications disposed of.
- Operating as unregistered investment advisory and receiving Rs 6.13 crore without producing source documents.Affirmed violations and directions in WTM order dated 29.11.2022 · Remitted to WTM only to decide actual amount received towards investment advisory services
Source: SecMarx — Fingravy Wealth Creation Services Pvt. Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.