Final order in the matter of unregistered investment advisory by Mr. Madhav Tiwari, Proprietor of Divinecommodity.co.
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 issued a final order regarding Mr. Madhav Tiwari, proprietor of Divinecommodity.co, for operating as an unregistered investment advisor and collecting funds without proper registration, which violates securities regulations.
Who it concerns
Mr. Madhav Tiwari (Proprietor of Divinecommodity.co)
What was found or directed
- SEBI found Mr. Madhav Tiwari operated as an unregistered investment advisor
- He admitted to collecting INR 9,66,207 as advisory service fees from FY 2020-21 to FY 2022-23
- SEBI directed him to refund INR 9,66,207 to investors
- He was barred from the securities market for 2 years
- A penalty of INR 5,00,000 was imposed under section 15HA of SEBI Act
- A penalty of INR 1,00,000 was imposed under section 15EB of SEBI Act
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Order
2026-02-06
ORDER_1770363450.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →