SEBI ends case against Equicom after six-year debarment
This order disposes of proceedings against Equicom Financial Research Private Limited and its directors for failing to resolve 12 investor complaints as directed in a previous 2021 order. SEBI concluded that no further action is required because the parties are already undergoing a six-year debarment from the securities market.
Equicom Financial Research Private Limited, Amit Kukda, Akhilesh Raghuvanshi
- SEBI disposed of the proceedings without any further directions.
- The Designated Authority (DA) recommended no further action because the noticees are already undergoing a six-year debarment.
- The underlying issue was the non-resolution of 12 complaints within the timeframe directed by a previous SEBI order dated April 19, 2021.
- SEBI noted that the registration certificate of Equicom Financial Research Private Limited is not in force due to non-payment of renewal fees.
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Document details
| Official title | Order in the matter of the Equicom Financial Research Private Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/WRO/WRO/31685/2025-26 |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |