https://www.taxtmi.com/caselaws?id=757093 SEBI issued a show cause notice against multiple entities for operating unregistered investment advisory services. The primary entity admitted providing advisory services to 290 investors from March 2020 to August 2023, earning over INR 12 crore in fees without mandatory SEBI registration. Directors and key personnel were held liable under Section 27 of the SEBI Act. SEBI proposed directions including disgorgement of gains with interest, market access restrictions, and penalties under various sections. The respondents were given 21 days to respond and request personal hearing. The order came into immediate effect pending further proceedings. en-us Fri, 05 Apr 2024 00:00:00 +0530 Wed, 14 Aug 2024 12:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757093 SEBI issued a show cause notice against multiple entities for operating unregistered investment advisory services. The primary entity admitted providing advisory services to 290 investors from March 2020 to August 2023, earning over INR 12 crore in fees without mandatory SEBI registration. Directors and key personnel were held liable under Section 27 of the SEBI Act. SEBI proposed directions including disgorgement of gains with interest, market access restrictions, and penalties under various sections. The respondents were given 21 days to respond and request personal hearing. The order came into immediate effect pending further proceedings. Case-Laws SEBI Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757093