2025 (11) TMI 865

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....esiding Officer, Ms. Meera Swarup, Technical Member, And Dr. Dheeraj Bhatnagar, Technical Member For the Appellant : Mr. P.N. Modi, Senior Advocate with Mr. Suresh Gupta and Mr. Neville Lashkari, Advocates For the Respondent :Ms. Shreya Parekh, Advocate with Mr. Mihir Mody, Mr. Yash Sutaria, Mr. Aavish Shetty, Mr. Karthik K.P. and Mr. Vijay Chockalingam, Advocates i/b. M/s. K. Ashar & Co. ....

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....d the surrender before issuance of show cause notice and therefore an order to cancel the certificate of registration would be infructuous. He has also noted that issuing any other direction under Regulation 27 of the Intermediaries Regulations would not be feasible. In our view the aspect of an entity being 'fit and proper' is co-terminus with the certificate of registration. Therefore, to declar....