2023 (12) TMI 1436

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....ant : CS Abhishek Mishra For the Respondent : Ms. Dhruti Kapadia, Advocate with Mr. Manish Chhangani, Mr. Sumit Yadav, Mr. Abhay Chauhan and Mr. Atul Kumar Agrawal, Advocates i/b The Law Point ORDER Per: Justice Tarun Agarwala, Presiding Officer (Oral) 1. The present appeal has been filed against the order of the Chief General Manager ("CGM" for convenience) of the Securities and Exchange Bo....

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....me and style of Restock Research without obtaining a registration under the SEBI (Investment Advisors) Regulations, 2013 ("IA Regulations"). 3. Accordingly a show cause notice dated May 04, 2023 was issued to show cause as to why appropriate action should not be taken for violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations. The CGM after considering the mate....

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....ellant appears to be attractive but the same cannot be accepted for the simple reason that the appellant had applied for registration as a Research Analyst on August 26, 2021 whereas the evidence on record indicates that the appellant was carrying on investment advisory services under the name and style of Restock Research from December 2020 onwards and had also collected a sum of Rs. 10,72,747/- ....