Skip to content
Free updates Login
BankingNABARD / RBI

Kalapi Shah Barred for Five Years by SEBI Over PMS Rules

16 April 20251 min read
BANKING & FINANCEKalapi ShahBarred for FiveYears by SEBI OverPMS Rules16 April 2025safalsetu.com

Why in the news

SEBI imposed a five-year ban on Kalapi Shah, a key person at Teji Mandi Analytics Private Ltd (TMAPL), for breaching PMS rules.

Key facts

  • Violation: Shah and Anil Gopal Gandhi ran TMAPL’s operations in breach of PMS norms.
  • Namesake director: Riddhi Kalapi Shah, listed without active involvement.

Significance

The ban deters similar breaches and pushes compliance with PMS guidelines to protect investors.

Exam angle

  • Regulator: SEBI; ban length: five years.
  • Namesake director: a director with no real role.
  • Area of rules breached: Portfolio Management Services.

Test yourself

1. For how long did SEBI ban Kalapi Shah for PMS violations?

The ban runs five years.

2. Kalapi Shah was associated with which company in the SEBI PMS violation case?

He was a key figure in Teji Mandi Analytics (TMAPL).

3. In the Kalapi Shah SEBI case, what was Riddhi Kalapi Shah described as?

She was listed as a namesake director without active involvement.

This topic is part of Daily Current Affairs 16 April 2025 (26 topics).

All topics of the dayDay quizApril 2025

Read more