https://www.taxtmi.com/caselaws?id=309850 Entities providing securities-related investment advice for consideration without SEBI registration were treated as operating as investment advisers in breach of the registration mandate. The website representations and client payment trail supported the finding of unregistered advisory activity, while the partners of the firm were held jointly and severally liable for its conduct; the separately named company was not proceeded against on that issue. A false claim of SEBI registration was found to be a knowing misrepresentation amounting to fraudulent conduct under securities law, justifying refund of fees collected from clients, restraint from accessing the securities market, and monetary penalties against the liable noticees. en-us Wed, 29 Mar 2023 00:00:00 +0530 Sun, 24 Sep 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309850 Entities providing securities-related investment advice for consideration without SEBI registration were treated as operating as investment advisers in breach of the registration mandate. The website representations and client payment trail supported the finding of unregistered advisory activity, while the partners of the firm were held jointly and severally liable for its conduct; the separately named company was not proceeded against on that issue. A false claim of SEBI registration was found to be a knowing misrepresentation amounting to fraudulent conduct under securities law, justifying refund of fees collected from clients, restraint from accessing the securities market, and monetary penalties against the liable noticees. Case-Laws SEBI Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309850