Final Order in respect of inspection of Elite Investment Advisory Services
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What is this order about?
This order concerns Rajiv Kumar Singh, proprietor of Elite Investment Advisory Services, and addresses violations of SEBI regulations related to his role as an investment adviser.
Who it concerns
Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services)
What was found or directed
- SEBI found violations of IA Regulations and PFUTP Regulations
- Noticee did not hold requisite qualifications and certifications
- Noticee exceeded 150 clients without registering as non-individual category
- Noticee charged fees exceeding INR 1.25 lakh per client
- Noticee did not conduct risk profiling or suitability assessment
- Noticee failed to disclose material information to clients
- Noticee did not maintain required client records
- Noticee promised assured returns and guaranteed loss recovery
- Noticee failed to display grievance redressal mechanism
- Noticee did not cooperate with inspection
| 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
2026-03-25
ORDER_1774326039.pdf
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