Sebi Cancels Registration of 18 Investment Advisers for Fee Non-Payment

Sebi cancels registration of 18 investment advisers for fee non-payment

New Delhi: Markets regulator Sebi on Wednesday cancelled the registration of 18 investment advisers for failing to pay renewal fees, a statutory requirement under its regulations. “…of the intermediaries regulations, 2008, hereby cancel the certificate of registration of investment adviser of the noticee No 1 to 18,” Sebi’s General Manager Soma Majumder said in the order. The list of cancelled entities includes Paladin Capital Management LLP, Vi…

SEBI Cancels Registrations Of 18 Investment Advisers For Failing To Pay Renewal Fee

The Securities and Exchange Board of India cancelled on Wednesday the registration of 18 investment advisers as they failed to pay their renewal fee. These include Paladin Capital Management, Vishal Bnsal, Nimit Aggarwal, and Paresh D. Shetiya.The renewal fee by the investment advisers is to be paid every five years from the date of the grant of registration to keep it in force, according to SEBI order. The registrations get cancelled by the reg…