SEBI Proposes to Cancel 5paisa's Registration as Investment Adviser Over Non-Payment of Prescribed Fees

5paisa, in a recent intimation dated June 06, 2026, addressed to the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE), has disclosed that it has received a <a href="https://studycafe.in/allahabad-hc-allows-taxpayer-to-furnish-additional-reply-offline-to-scn-on-gst-portal-423112.html">Show Cause Notice (SCN)</a> issued by the <a href="https://studycafe.in/sebi-alleges-rs-15-15-lakh-crore-revenue-inflation-at-rajesh-exports-auditors-under-scanner-423130.html">Securities and Exchange Board of India (SEBI)</a>.

The notice has proposed to cancel the company's certificate of registration as an investment adviser under Regulation 30A of the SEBI (Intermediaries) Regulations, 2008, read with Section 12(3) of the SEBI Act, 1992. The company is being asked to specify the reason why the specified action should not be taken against it.

<div class="related-article-inline">Also Read<a href="/delhi-high-court-upholds-7-day-notice-before-gst-arrest-in-rs-8-crore-itc-fraud-case-423215.html" class="related-link">Delhi High Court Upholds 7-Day Notice Before GST Arrest in Rs 8 Crore ITC Fraud Case</a></div>

The company had received the said SCN through post on June 05, 2026. As per the provisions of Clause 3 of the Second Schedule of the SEBI (Investment Advisers) Regulations, 2013, every investment advisor holding a certificate of registration is required to pay the prescribed fees every five years from the date of issuance of the certificate, within 3 months before the expiry period for which the fees have been paid. This is done to ensure registration remains in force.

In this context, the statutory regulatory authority has alleged the company for not paying the prescribed fees despite holding a certificate of registration, which is an explicit violation of Regulation 13(a) read with Clause 3 of the Second Schedule of the SEBI (Investment Advisers) Regulations, 2013; hence, in consequence, the company's registration as an investment adviser has expired.

<div class="related-article-inline">Also Read<a href="/allahabad-hc-allows-taxpayer-to-furnish-additional-reply-offline-to-scn-on-gst-portal-423112.html" class="related-link">Allahabad HC Allows Taxpayer to Furnish Additional Reply Offline to SCN on GST Portal</a></div>

Now, the SEBI has proposed to further cancel the company's registration as an investment adviser, which has already expired for not paying the prescribed fees. The company has been asked to show cause for the reason why its registration should not be cancelled.

The company has disclosed the aforementioned information in pursuance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

SEBI Proposes to Cancel 5paisa's Registration as Investment Adviser Over Non-Payment of Prescribed Fees

5paisa, in a recent intimation dated June 06, 2026, addressed to the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE), has disclosed that it has received a <a href="https://studycafe.in/allahabad-hc-allows-taxpayer-to-furnish-additional-reply-offline-to-scn-on-gst-portal-423112.html">Show Cause Notice (SCN)</a> issued by the <a href="https://studycafe.in/sebi-alleges-rs-15-15-lakh-crore-revenue-inflation-at-rajesh-exports-auditors-under-scanner-423130.html">Securities and Exchange Board of India (SEBI)</a>.

The notice has proposed to cancel the company's certificate of registration as an investment adviser under Regulation 30A of the SEBI (Intermediaries) Regulations, 2008, read with Section 12(3) of the SEBI Act, 1992. The company is being asked to specify the reason why the specified action should not be taken against it.

[related id="423215"]

The company had received the said SCN through post on June 05, 2026. As per the provisions of Clause 3 of the Second Schedule of the SEBI (Investment Advisers) Regulations, 2013, every investment advisor holding a certificate of registration is required to pay the prescribed fees every five years from the date of issuance of the certificate, within 3 months before the expiry period for which the fees have been paid. This is done to ensure registration remains in force.

In this context, the statutory regulatory authority has alleged the company for not paying the prescribed fees despite holding a certificate of registration, which is an explicit violation of Regulation 13(a) read with Clause 3 of the Second Schedule of the SEBI (Investment Advisers) Regulations, 2013; hence, in consequence, the company's registration as an investment adviser has expired.

[related id="423112"]

Now, the SEBI has proposed to further cancel the company's registration as an investment adviser, which has already expired for not paying the prescribed fees. The company has been asked to show cause for the reason why its registration should not be cancelled.

The company has disclosed the aforementioned information in pursuance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

5paisa receives an SCN from SEBI, proposing to cancel its registration as an investment adviser for not paying the prescribed fees under the SEBI (Investment Advisers) Regulations, 2013. 

SEBI Proposes to Cancel 5paisa's Registration as Investment Adviser Over Non-Payment of Prescribed Fees

YES Bank has received a Rs 63.27 crore GST demand notice from Maharashtra tax authorities and plans to challenge the order through legal appeal.

YES Bank Receives GST Tax Demand Notice of Rs 63.27 Crore

The Uttarakhand HC has quashed a GST demand order passed under Section 74 of the UK GST Act after finding that the assessee was not afforded an opportunity of a personal hearing before the adjudication.

Uttarakhand High Court Quashed GST Demand Order for Failure to Grant Personal Hearing

Nine firms and businessmen booked for allegedly obtaining GST registrations through forged documents and claiming fake ITC benefits.


GST Fraud Crackdown: Ludhiana Police Register Cases Against 9 Firms

A comprehensive guide for senior citizens on selecting the correct ITR form for AY 2026-27, understanding eligibility rules, exemptions, and avoiding common tax filing mistakes.

Senior Citizens’ ITR Filing Guide AY 2026-27: How to Choose Right Form and Avoid Costly Mistakes

The Jharkhand High Court has declined to grant anticipatory bail to a person accused of fraudulently obtaining identity documents from a landlord to create a forged GST account. 


Jharkhand High Court Refuses Anticipatory Bail in Case Involving Alleged Fraudulent GST Registration

The High Court granted relief against the unlawful retention of seized money, holding that authorities cannot continue to hold funds without legal justification. The ruling reinforces taxpayer rights and procedural fairness.

High Court Orders Relief Over Unlawful Retention of Seized Money

The Delhi High Court rules that the GST authorities must provide a seven-day prior notice before taking any coercive action, including arrest.

Delhi High Court Upholds 7-Day Notice Before GST Arrest in Rs 8 Crore ITC Fraud Case

The HC has held that taxpayers should be granted permission to file additional replies to GST notices through the GST portal and not be forced to rely on offline submissions.

Allahabad HC Allows Taxpayer to Furnish Additional Reply Offline to SCN on GST Portal

India has eased investment norms for overseas individuals and increased investment limits to attract stable long-term foreign capital and strengthen its capital markets.

Finance Ministry Unveils Major Reforms to Strengthen Foreign Portfolio Investment (FPI) in Equity Segment

SEBI has alleged that Rajesh Exports overstated revenues by Rs 15.15 lakh crore over five years from Financial Year 2020-21 to Financial Year 2024-25.

SEBI Alleges Rs 15.15 Lakh Crore Revenue Inflation at Rajesh Exports; Auditors Under Scanner

Income Tax

Finance

ICAI

Judgement

ITAT

ITAT Delhi

Chartered Accountant

Institute of Chartered Accountants of India

CBDT

High Court denies anticipatory bail, citing need for custodial interrogation in corruption investigation.

HC Denies Anticipatory Bail in Alleged Panchayat Funds Embezzlement Case

Reliance Infrastructure faces a Rs 77.86 crore bank account lien after a Customs Appeals order, and plans to appeal the decision.

Reliance Infra Bank Accounts Face Rs 77.86 Crore Lien After Customs Appeals Order

Employers must issue Form 16 by June 15, 2026, enabling salaried taxpayers to verify income, TDS, deductions, and other tax details before filing their income tax returns.