Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs30 lakh on Indore-based CapitalVia Global Research Ltd and two directors, Kiran Ravindra Kumar Choudhary and Rohit Gadia for charging exorbitant fees from clients for investment products or services without adequate disclosures and risk profiling of these clients. In November 2022, SEBI has imposed a fine of Rs50 lakh on CapitalVia, Mr Choudhary, Mr Gadia and Prem Prakash. However, while discarding the order, the Securities Appellate Tribunal (SAT) directed SEBI to hear the matter afresh.
Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs50 lakh on CapitalVia Global Research Ltd and its directors Kiran Ravindra Kumar Choudhary,
The Indian equity benchmarks fell sharply on Thursday to halt a three-day winning run amid selling pressure in information technology and financial stocks.