https://www.taxtmi.com/caselaws?id=777045 The Board found the Noticee was a partner of the unregistered advisory firm for two months and, under partnership law, jointly and severally liable for the firm's acts. The Noticee was directed to refund INR 2,23,404.10 with the firm and its partners; recovery proceedings remain pending and were stayed/remanded by SAT, so liability will be discharged if the Noticee deposits that amount with SEBI. Given prior debarment of over 3.5 years, no additional debarment was imposed. Failure to comply within three months may lead SEBI to initiate proceedings under section 28A and other lawful actions. en-us Tue, 19 Aug 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777045 The Board found the Noticee was a partner of the unregistered advisory firm for two months and, under partnership law, jointly and severally liable for the firm's acts. The Noticee was directed to refund INR 2,23,404.10 with the firm and its partners; recovery proceedings remain pending and were stayed/remanded by SAT, so liability will be discharged if the Noticee deposits that amount with SEBI. Given prior debarment of over 3.5 years, no additional debarment was imposed. Failure to comply within three months may lead SEBI to initiate proceedings under section 28A and other lawful actions. Case-Laws SEBI Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777045