“Further, I note that Money Classic has failed to provide details regarding year-wise fees collected from the date of registration, and thus, in absence of any response from the noticee, the deposit of Rs 87.02 lakh as fees collected by the noticee in its bank account from April to August 2019, (should) also be taken into consideration as a fees charged to investors,” SEBI’s Adjudicating Officer Vijayant Kumar Verma said in the order.





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