Order in the matter of Podium Market Research - Proprietor Mr. Suman Kumar
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What is this order about?
SEBI ordered the cancellation of Podium Market Research's registration as an investment adviser due to alleged violations of confidentiality rules and improper GST collection.
Who it concerns
Podium Market Research, Proprietor: Mr. Suman Kumar
What was found or directed
- SEBI recommended cancellation of registration (SEBI Registration No. INA300011706)
- Failure to maintain confidentiality of client information (Regulation 15(9) of IA Regulations)
- Collection of GST without GST registration (Regulation 3(d) and 4(2)(p) of PFUTP Regulations)
- SEBI had previously suspended registration for 3 months (Dec 2023-May 2024)
- SEBI had imposed ₹25,00,000 penalty in separate adjudication order (Aug 2024)
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/MIRSD/MIRSD-SEC-2/31730/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-23
1761213903038_1.pdf
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