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Unauthorised investment services: Sebi bans The Profit Sharing, proprietor from market
They were involved in such investment advisory services without obtaining regulatory approval from it, which is in violation of Investment Advisers (IA) norms, the Securities and Exchange Board of India (Sebi) said in its order.Through such services, they had received a total amount of Rs 1.98 crore from December 2013 to October 2019 through unregistered investment advisory activities, it added.