Sebi Bans This Partnership Firm For 3 Years

[ad_1]

Last Updated: February 23, 2023, 18:07 IST

Sebi noted that the partners of Capital Worth are fully responsible for the contravention committed by the firm.

Sebi noted that the partners of Capital Worth are fully responsible for the contravention committed by the firm.

Capital Worth is a partnership firm and its partners are Ankit Shrivastav, Mohammed Aamir Shaikh, Shahid Rangrej and Sameer Memon.

Sebi has banned Capital Worth Research House and its partners from the securities market for a period of three years for providing unauthorised investment advisory services.

Besides, they have been directed to refund more than Rs 1.54 crore to clients within three months.

The debarment of the entity and its partners will continue till the expiry of three years from the date of completion of the refund to investors, according to an order passed on Wednesday.

Capital Worth is a partnership firm and its partners are Ankit Shrivastav, Mohammed Aamir Shaikh, Shahid Rangrej and Sameer Memon.

Also Read: Sebi Cautions Against Cybersecurity Threat; Here’s All You Need To Know About The New Advisory

Sebi found that Capital Worth by engaging in the activities and holding itself out as an ‘investment adviser’, without having a valid certificate of registration violated Investment Adviser (IA) rules.

The regulator also noted that the partners of Capital Worth are fully responsible for the contravention committed by the firm.

More than Rs 1.54 crore was credited in the account of Capital Worth between March-December 2018, as per the order.

In a separate order, the regulator slapped a fine of Rs 16 lakh on three individuals for misrepresenting the financials in the matter of Geodesic Ltd.

Sebi imposed a fine of Rs 6 lakh on Prashant Mulekar and Rs 5 lakh each on Pankaj Kumar and Kiran Kulkarni.

The order came after the regulator conducted an investigation into the alleged irregularities in the books and accounts of Geodesic Ltd during the period — April 2012 to March 2013.

Read all the Latest India News here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
[ad_2] Source link https://worldnews2023.com/economy/sebi-bans-this-partnership-firm-for-3-years/?feed_id=317500&_unique_id=66e99af54f3b6

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic
Read more