sebi:Order/AN/AK/2024-25/31183
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Facts / Headnote
The excerpt does not contain the final disposition or any penalty determination. It records the adjudicating officer’s rejection of the Noticee’s contention concerning the positive value of G and records observations about possible misuse of client funds and transfers from client accounts.
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 12
- s. 15H
- s. 15I
- s. 15J
- s. 12A
- s. 15F
- s. 28A
- s. 23
- s. 23D
- s. 20
- s. 23J
- s. 9(1)
- s. 25(1)
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 9
- Reg. 25(1)
Parties
- Junjharji Investment Private Ltd.
Holding
The adjudicating officer rejected the Noticee’s contention that G was positive, finding that the material relied on was dated June 7, 2024 and did not establish the position during the April 2021–December 2022 inspection period. The excerpt does not disclose the final decision on all allegations or the penalty, if any.
Full text
Adjudication Order in the matter of Junjharji Investment Private Ltd. |Page 2 of 49 2.1. Section 23D of Securities Contracts (Regulation) Act, 1956 [‘SC(R)Act, 1956’], read with Clause 1 of Annexure of SEBI Circular SMD/SED/CIR/93/23321 dated November 18, 1993; and Clause 3 of Annexure of SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016; Section 23D of SC(R) Act, 1956 read with Clause 1 of Annexure of SEBI Circular SMD/SED/CIR/93/23321 dated November 18, 1993 and Clause 2.4.2 of Annexure of SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016. 2.2. Clause 8.1 of Annexure of SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016; Clause 12 of Annexure of SEBI Circular SEBI/MIRSD/SE/Cir-19/2009 dated December 03, 2009; Clause 5.1 SEBI Circular No. SEBI/HO/MIRSD/DOP/P/CIR/2021/1577 dated June 16, 2021. 2.3. Clause 2.3 of SEBI Circular MRD/DoP/SE/Cir-11/2008 dated April 17, 2008 read with Clause A(2) & A(5) of the code of conduct, read with Regulation 9(f) of the SEBI (Stock Brokers) Regulations, 1992. 2.4. Clause 6 of SEBI Circular CIR/DNPD/7/2011 dated August 10, 2011; Clause (iii) (a) & (b) to Annexure of SEBI Cir. SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated July 20, 2020. 2.5. Clause 6.1.1(j) of Annexure of SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016. 2.6. Clause 2.6 of Annexure of SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 read with Clause 2(d) of SEBI cir
Adjudication Order in the matter of Junjharji Investment Private Ltd. |Page 3 of 49 2.10. Clause III of SEBI Circular CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017. 2.11. Clause 16 & 17 of SEBI circular SEBI/HO/MIRSD/CIR/PB/2018/147 on Cyber Security and Cyber Resilience dated December 03, 2018.
Adjudication Order in the matter of Junjharji Investment Private Ltd. |Page 4 of 49 SC(R) Act and Section 15HB of the SEBI Act, 1992 for the violations alleged to have been committed by the Noticee.
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Source: SecMarx — sebi:Order/AN/AK/2024-25/31183. 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.