Dwaith Advisory Penalized ₹1 Lakh for Fee Violation

SEBI adjudicating officer imposes ₹1 lakh penalty on Dwaith Advisory for charging fees exceeding the 2.5% AUA limit.
The firm charged an individual client ₹80.35 lakh, over ₹52.32 lakh above the permissible limit, under a performance-linked fee model.
The violation pertains to the period from October 2023 to March 2024, before the client was registered as an accredited investor.
The order cites violations of SEBI IA Regulations and circulars, considering the client's subsequent accreditation a mitigating factor.