Rohit Gadia

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Set aside AO order dated November 22, 2022 imposing Rs 50 lakhs penalty
AO to pass appropriate orders if advisory to new clients is found; Misc. Application No. 182 of 2023 disposed

SAT-appeal

Alleged non-compliance of SEBI directions dated Nov 11, 2016 and Jan 20, 2017 by soliciting fresh advisory business from existing and new clients during restraint period.
Set aside AO order dated November 22, 2022 imposing Rs 50 lakhs penalty · Appeal allowed; matter remitted to AO to redecide excluding advisory to existing clients under Nov 11, 2016 order
Appeal: Appeal No. 184 of 2023 allowed on 09.02.2023; AO order set aside and remanded for fresh decision
Alleged investment advisory violations leading to ex-parte restraint from soliciting or undertaking any fresh advisory business; merits not examined by SAT.
WTM of SEBI to hear appellant on 16 January 2017 · WTM to pass order by 20 January 2017
Appeal: Appeal No. 445 of 2016 disposed on 05/01/2017 without going into merits with hearing directions, no order as to costs
Registered Investment Adviser promised assured 10% returns, charged huge fee without guidance, failed KYC, risk profiling, suitability assessment and disclosures under IA Regulations.
Tribunal rejected preliminary objections on delay, double jeopardy, settlement rejection and inspection notice · Held violations of Regulation 15(8) KYC, Regulation 16 risk profiling and Regulation 17 suitability proved in affirmative

Analyse these matters in Ontology · Plans

Source: SecMarx — Rohit Gadia. 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.