SEBI finds Lifeinspire used website and Telegram for unregistered investment advisory

It details the allegations, the noticee's response, and the procedural history leading to the final determination.

Who it concerns: Lifeinspire Knowledge Solutions Private Limited (LKSPL), Shri M.S. Ahammed Ali, and Shri M S Mohammed Ali

What SEBI found or ordered

• SEBI found that LKSPL offered investment advisory services for consideration without being registered with SEBI, violating Section 12(1) of the SEBI Act and Regulation 3(1) of the IA Regulations, 2013.
• SEBI found that LKSPL made false and misleading representations to clients regarding guaranteed returns, violating the PFUTP Regulations, 2003.
• SEBI held that the directors, Shri M.S. Ahammed Ali and Shri M S Mohammed Ali, are liable for the company's actions under Section 27 of the SEBI Act.
• The noticees were directed to show cause why directions to refund amounts collected and penalties should not be imposed.
• The noticees failed to appear for the initial personal hearing but appeared for a rescheduled hearing on October 13, 2025, reiterating their written defense that they did not demand money and that hackers misused their website.

Also in the document

• SEBI noted that the company used a website (www.bankniftyoption.in) and Telegram channels to market its services and collect payments via Razorpay into an HDFC Bank account.
• The noticees claimed in their reply that they never demanded money and that any violations were due to hackers misusing their website, a claim SEBI considered but ultimately found the activities to be unregistered advisory.
• The order is based on an examination initiated by SEBI while investigating another entity, Option Research Consultancy, where credits to LKSPL's account were noticed.