Sundar did not have a Sebi registration.Īs part of the settlement, they agreed to pay Rs 46.80 lakh (Rs 15.60 lakh for each Mansun Consultancy and two of its directors) and disgorge Rs 6 crore, which includes the profits earned from the advisory services amounting to Rs 4.6 crore and the associated 12 per cent interest. They are strictly prohibited from buying, selling or dealing in securities for one year from the date of the settlement order. The case, dating back to 2022, involved Sundar, his company Mansun Consulting, and Mangayarkarasi Sundar, a co-promoter of the company. Sebi noted that the firm recommended purchasing, selling and dealing securities activities without a registered investment advisory business.
0 kommentar(er)
