Below is copy of letter send to SEBI
??
Ease
Of
Doing
Business
??
21-Apr-2019
To ,
Mr Naveenji Gupta
Securities and Exchange Board
of India, Investment Management Department, Division of Funds - 1,
Plot No. C4-A, “G”- Block, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051 India
Subject
: Non
renewal of registration
Dear Naveenji,
Kindly note as informed in
earlier email and letter, advisory service was deactivated from
01-Jan-2018
My SEBI’s registration was
offered for period 2014-19. Not sure why on SEBI’s website
registration is showing as perpetual
Kindly note SEBI does not
decide anything / outcome /call on consultation paper issued by SEBI
in 2016
I do not wish to make any more
charity to SEBI for registration / renewal fees or to NiSM for exam
fees. I do not wish to pay for renew registration for investment
advisory
Thanks
for SEBI for institutionalizing securities market business in India.
In 2018 except index and few other stocks, market was down / saw
correction. Institutions promoted SIP in down market. Same
institutions promoted
SIP in 2015 down market and ULIP around
2006-2008
era
Periodically, every few months
in 2015, I advised clients to stay away from market. Prior to
demonetisation, I advised clients about upcoming correction in
market.
In recent time, market confirm
bottoming out in early 2019 or on day of India’s air strike on
Pakistan. How many institutions come forward and advice investors to
invest more money ppp?
Investor does not understand
stock market. Thanks to SEBI for bringing investor at the mercy of
institution for their return on investment. Institutions are more
keen for their profit over investors benefits
Organisations like DRDO, ISRO
RBI, UIDAI, TRAI has taken India to next level of growth and
excitement. They made Indian’s proud
SEBI has taken Indian
securities market to license raj era through series of complex
regulation / unpredictable legal environment / regulations favouring
business to institution over individual advisor or want want only few
institution control majority market share of securities market
business
In dotcom boom around year
2000, no one put restriction on websites. In smartphone boom, no one
put restriction on mobile apps. When Jio launched mobile service,
TRAI did not put restriction on usage of mobile calls / data on
Ambani family / Jio employee....in securities market SEBI puts
restriction on doing business for investment advisors and continues
to create mess for investors
Below are links of various
blogs written in past on securities market
https://atulgandhicom.blogspot.com/2017/11/is-sebi-holding-back-india-and-indian.html
Planet
earth is ascending to higher level of consciousness. Not sure how
many more years SEBI will be able to hold dreams of 125+ crore Indian
people ? Wish better wisdom prevails and prosperity for all
Future
plans
Apparently
SEBI’s regulation least affected to business of CNBC TV18 TV
channel, business continues as usual. Anuj can talk about two stocks
on bazaar morning call” without risk profiling / KYC / stringent
regulation restrictions, so are there number of people talks
positively / negatively on channel (with or without recommending
stocks)
In
late 1980 or early 1990, broadcasting used to cost a few hundred
crores. But now with technology evolution, with almost zero cost
channel can be launched via Youtube. At future date / subject to
SEBI’s call on consultation paper issued by SEBI in 2016, I will
explore possibility / launch own stock market investment advisory
channel on YouTube / suitable open online media
On
consultation paper 2016 & securities
market environment
I
guess after coming out with multiple
regulation / creating complex regulatory environment, SEBI is finding
difficult to take call on SEBI’s own consultation paper issued in
way back 2016. If you want I can offer simplified, fair and
transparent regulation / legal structure for securities business in
India
SEBI
can’t handle its job properly, so now SEBI planning for SRO. If I
find SRO offer “ease of doing business” in
India,
I may renew my registration
Thanks
a lot
With
lots of love and happiness
Atul
Gandhi
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