sebi:EAD-2/SS/SK/2019-20/2651
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
No monetary penalty imposed; SCN disposed of
Provisions invoked
- s. 12
- s. 23D
- s. 23I
Parties
- AC Agarwal Share Brokers Private Limited
Holding
The allegation of failure to segregate/use client moneys and misuse of client collateral against AC Agarwal Share Brokers Private Limited was held not sustained, and no penalty under Section 23D of the SCRA was imposed with the SCN disposed of accordingly.
Full text
_________________________________________________________________________________________ Adjudication Order in the matter of AC Agarwal Share Brokers Private Limited Page 2 of 11 (File No.: EAD-2/SS/SK/1/1/2019-20)
_________________________________________________________________________________________ Adjudication Order in the matter of AC Agarwal Share Brokers Private Limited Page 3 of 11 (File No.: EAD-2/SS/SK/1/1/2019-20)
_________________________________________________________________________________________ Adjudication Order in the matter of AC Agarwal Share Brokers Private Limited Page 4 of 11 (File No.: EAD-2/SS/SK/1/1/2019-20)
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Source: SecMarx — sebi:EAD-2/SS/SK/2019-20/2651. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.