Order in the matter of the Equicom Financial Research Private Limited
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What is this order about?
SEBI issued an order regarding Equicom Financial Research Private Limited and its directors for failing to resolve investor complaints within the timeframe set by a previous SEBI order.
Who it concerns
Equicom Financial Research Private Limited, Amit Kukda, Akhilesh Raghuvanshi
What was found or directed
- Noticee No. 1 (Equicom Financial Research Private Limited) had not resolved 12 complaints within 3 months as directed in SEBI Order dated April 19, 2021
- Noticees are undergoing a 6-year debarment from the securities market
- DA recommended 'no further action' due to ongoing debarment
- Noticee No. 1 had 12,000 clients with 12 unresolved complaints (0.1% of total clients)
Points worth noting
- 12 unresolved complaints out of 12,000 clients (0.1% of total clients)
- Noticee No. 1's registration certificate is not in force due to non-payment of renewal fees
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/WRO/WRO/31685/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-09-24
1758720003340_1.pdf
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