SEBI issues ‘cease and desist’ orders against ‘Fingravy Wealth Creation’ from acting as an Investment advisor

COMPANY LAW/SEBI : Where company-'F' was not registered with SEBI in capacity of an Investment Advisor and characteristics and features of business activity carried out by it, prima facie, lead to conclusion that 'F' was holding itself out and acting as an investment adviser without a certificate of registration, activities/representations were in violation of regulation 3 of SEBI (Investment Advisors) Regulations, 2016 and section 12(1) of SEBI Act, and, therefore,

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