SEBI inspection finds WhatsApp messages sent to existing clients during 2022-2024 period
This is an adjudication order by SEBI regarding OnePaper Research Analysts Private Limited, examining alleged violations of Research Analyst regulations and unfair trade practices identified during an inspection of the company's compliance.
OnePaper Research Analysts Private Limited (SEBI Regn No.: INH000008093)
- SEBI conducted an inspection on March 14, 2024, covering the period from April 1, 2022, to March 13, 2024.
- SEBI alleged violations of the PFUTP Regulations, RA Regulations, and specific SEBI Circulars regarding communication methods (SMS vs. WhatsApp) and advertising.
- The Noticee requested a settlement application, which SEBI rejected on September 10, 2025.
- The Noticee filed an appeal to the Hon’ble SAT, which directed SEBI to grant inspection of the Order granting the surprise inspection.
- The Noticee was granted a personal hearing on May 21, 2026, and additional time to submit further submissions until June 6, 2026.
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Document details
| Official title | Adjudication Order in the matter of OnePaper Research Analysts Private Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2026-27/32446 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |