Order in the matter of Investocare Financial Research
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What is this order about?
SEBI ordered Mr. Ramesh Babu and Investocare Financial Research to refund money to investors for unregistered investment advisory services, and imposed debarment and penalties.
Who it concerns
Mr. Ramesh Babu, Investocare Financial Research, Mr. Ravish Kandhari
What was found or directed
- Refund money received from investors for unregistered investment advisory activities within 3 months
- Public notice in national and local dailies detailing refund modalities within 15 days
- Repayments only through bank channels with audit trails
- Barred from selling assets except for refunds
- File report of completion with SEBI within 15 days after 3 months
- Deposit remaining balance with SEBI in escrow for 1 year
- Debarred from securities market for 2 years (Mr. Ramesh Babu) or 1 year (Investocare and Mr. Ravish Kandhari)
- Monetary penalties: Rs. 1,00,000 each for Investocare and Mr. Ravish Kandhari, Rs. 2,00,000 each for Mr. Ramesh Babu
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-07-15
ORDER_1784102205.pdf
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