Categories: SEBI

Sebi Ban with fines Ansari-youtuber “Baap of Chart” 17.2 Cr

Sebi Ban with fines ‘ Mohammad Ansari -youtuber Baap of Chart’ Rs 17.2 Cr

Mumbai: Mohammad Nasiruddin Ansari has been barred by the Securities and Exchange Board of India (Sebi) from the securities market and instructed to deposit ₹17.20 crore in illicit gains that he claims were acquired through fees from his “educational courses” on the markets. Ansari has a profile named “Baap of Chart” (BoC) on a number of social media sites, including X (previously Twitter), where he makes buy and sell suggestions.

Ansari was allegedly operating as an investment adviser without being registered with the regulator.

According to the the Securities and Exchange Board of India (Sebi) as regulator, it has noticed that Ansari is marketing himself as an authority on the stock market on various social media platforms, enticing potential investors to enrol in his “educational courses,” and persuading them to make investments in the securities market by offering them the chance to profit almost certainly if the advice is followed.

Ansari is the only owner of BoC, which is a proprietorship.  it was noted that Ansari had posted his “educational courses” on apps, where he was charging investors to access his “classes” and collecting fees for enrollment in the courses.

Moreover that, it is discovered that Ansari advises clients in private groups on what to buy and sell. According to Sebi, it was noted that the funds received for “educational courses” were credited to Nasir and BoC’s bank accounts.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

Understanding Taxes Isn’t Optional It’s a Superpower

Understanding Taxes Isn't Optional; It's a Superpower How Does the Government Spend Your Tax Contribution? In India, taxes are one… Read More

4 hours ago

New ITC Set-Off Rules : Big Relief for GST Taxpayers

New ITC Set-Off Rules (Effective Jan 2026): Big Relief for GST Taxpayers The GST compliance landscape is becoming more taxpayer… Read More

5 hours ago

Consequences of Missing Income Tax Return Filing Deadlines

Due Dates for Income Tax Return Filing: Audit vs Non-Audit Cases (FY26) Income Tax Return Filing Due Dates: Audit vs… Read More

1 week ago

Tax Proposals for NRIs & Foreign Investors in Budget 2026

Key Tax Proposals for NRIs & Foreign Investors in Budget 2026 Foreign investors and NRIs closely examine India’s Union Budget… Read More

1 week ago

key highlights of India’s New Income-tax Act, 2025

India’s New Income-tax Act, 2025 – Effective 1 April 2026 The Income-tax Act, 2025 represents a structural rewrite of India’s… Read More

2 weeks ago

CBDT :Releases Draft Income Tax Rules, 2026 & Draft Form

CBDT Releases Draft Income Tax Rules, 2026 & Draft Forms Draft Income-tax Rules, 2026—What You Need to Know: Key Changes,… Read More

2 weeks ago
Call Us Enquire Now