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

Form 30A vs TDS: How India Taxes Non-Resident Guest Lecturer

Applicability of TDS on Honorarium (Non-Resident Guest Lecturer) The Income Tax Act does not define “honorarium”; as per the general… Read More

56 mins ago

Fraud Advisory for Auditors on Govt Schemes & Dormant A/cs

In today’s evolving financial ecosystem, fraud risks are becoming increasingly sophisticated, particularly in areas involving government-sponsored schemes and dormant bank… Read More

3 days ago

Compulsory disclosure of Bank Balances in ITR‑4

Compulsory disclosure of taxpayer Bank Balances in ITR‑4 CBDT has introduced a significant compliance requirement via Notification No. 45/2026 dated… Read More

4 days ago

New Procedure for PAN Correction : CBDT

CBDT Introduces New Procedure for PAN Correction In a parallel development under the new income tax framework, the Central Board… Read More

6 days ago

China’s Tax System vs. India’s Tax System

Overview of China's Tax System vs. India's Tax System Overall Structure Framework India: Federal dual-tax model, Center + state powers,… Read More

1 week ago

Emerging TDS Sec 194T Compliance Risks for Partnership Firm

Key Tax Deducted at Source Compliance Issues under Section 194T Section 194T significantly increases compliance rigor by imposing gross-based, real-time… Read More

2 weeks ago
Call Us Enquire Now