"Procrastination has Been the Biggest Enemy" - CEO, EquityPandit

MUMBAI, April 11, 2018 /PRNewswire/ --

SEBI recently levied a penalty of Rs. 40 lakh on EquityPandit Financial Services (P) Limited for delay in making an application for registration as Investment Adviser as per IA Regulations 2013 , even though there was no investor complaints against the company.

Abhishek Parakh, CEO of EquityPandit, said, "Ignorance is not always a bliss and procrastination has been our biggest enemy. Though this penalty is on the higher side but yes, the mistake has been done by us, knowingly or unknowingly. We respect SEBI's decision for this delay in registration and we would abide by the law."

He also said, "This penalty has taught us a hard lesson that procrastinating or unnecessary delaying things is always harmful for everyone and we would avoid such mistakes in future. EquityPandit is India's leading equity research company with the highest number of satisfied clients and we at EquityPandit make sure that we keep learning and strive hard to maintain our services and support at the highest standards."

About EquityPandit:

EquityPandit is India's leading equity research company. Today, EquityPandit has clients in 32 countries, worldwide, who enjoy huge profits in association with EquityPandit. EquityPandit was among the first few Indian entities to bring equity research based on technical analysis to the Internet in India. EquityPandit research team includes few of the best analysts and mathematicians in India and hence, delights its customers by crisp and accurate research.

Media Contact:
Rajiv Singh,
[email protected]
+91-8000816688
Corporate Communication Manager
EquityPandit Financial Services (P) Limited