Order in the matter of M/s Satyam Shivam Sundaram Trading.
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What is this order about?
SEBI ordered an investigation into M/s Satyam Shivam Sundaram Trading and its associated individuals for providing unregistered investment advisory services and collecting fees without SEBI registration.
Who it concerns
M/s Satyam Shivam Sundaram Trading, Mr. Gagan Choudhury, Mr. Satyam Suman Choudhary, Mr. Suman Choudhary
What was found or directed
- Not registered with SEBI as investment advisors
- Collected Rs. 3,17,83,495/- as unregistered advisory fees
- Barred from securities market
- Forensic audit ordered
Points worth noting
- Total collection from HDFC account: Rs. 1,08,66,705/- (April 12, 2022 - March 6, 2023)
- Total collection from Rigi platform: Rs. 2,09,16,790/- (August 7, 2022 - January 9, 2023)
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-11-28
1764324302510_4.pdf
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