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

Can Employer Restrict their PF contribution to 1,800/Month

EPF Scheme 2026: Can Employers Suddenly Restrict PF Contributions to INR 1,800? A question is currently circulating across HR departments,… Read More

2 days ago

Can Employer introduce New Rules After Standing Orders

Can an Employer Introduce New Rules After Standing Orders Come Into Force? Many employers believe that once an organization grows,… Read More

2 days ago

High Court : When GST Fraud Notices Can Be Issued U/s 74

Madras High Court on GST Fraud Notices under Section 74 – Key Takeaways The Madras High Court, in Fastenex Private… Read More

3 days ago

ITR Filing AY 2026-27: Eligibility, Document required

ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates & Penalties for Non-Filing Who Must File ITR for Assessment Year… Read More

4 days ago

New Reporting field in Schedule Exempt Income for AY 2026-27

Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27  The Income Tax Department has introduced… Read More

4 days ago

DPDP Act, 2023: Compliance Guide, Requirements & Penalties

Digital Personal Data Protection (DPDP) Act, 2023: Complete Compliance Guide, Requirements, Penalties & Implementation Framework The Digital Personal Data Protection… Read More

4 days ago
Call Us Enquire Now