IndiaTickerPerson · Regulatory record
Pranav Vora
Noticee in SEBI's Axis Mutual Fund front-running final order
final orderNoticee 324 Jul 2026
Adjudicated regulatory finding
Authority tier 1What SEBI found
SEBI found that Pranav Vora played a vital part in the scheme by arranging mule demat accounts, corresponding with Prijesh Kurani to facilitate the front running, and helping transmit funds arising from the activity.
Read this as an attributed finding
This wording follows the final order. It is not based on the media headline, and it is not an independent IndiaTicker accusation.
Keep personal and case-wide figures separate
The order says time already undergone under the interim order is to be set off.
Imposed on Pranav Vora under the provisions cited in the final order.
This is a case-wide amount for all noticees. It is not the same as this person's individual penalty.
From investigation period to final order
- Investigation period begins
Securities and Exchange Board of India examined the conduct described in the final order through 31 Mar 2022.
- Interim order cum show-cause notice
The interim stage preceded the final findings and directions shown on this page.
- Final order issued
Securities and Exchange Board of India recorded its findings and imposed the directions summarized in this record.
Violations recorded in the final order
SEBI Act, 1992: section 12A(a)SEBI Act, 1992: section 12A(b)SEBI Act, 1992: section 12A(c)SEBI Act, 1992: section 12A(e)PFUTP Regulations: regulation 3(a)PFUTP Regulations: regulation 3(b)PFUTP Regulations: regulation 3(c)PFUTP Regulations: regulation 3(d)PFUTP Regulations: regulation 4(1)PFUTP Regulations: regulation 4(2)(q)