sebi:Order/AN/SM/2022-23/23239
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Facts / Headnote
Violations established; penalty of Rs. 10,00,000/- imposed (Rs. 6,00,000 under Section 15HB of SEBI Act, 1992 and Rs. 4,00,000 under Section 23D of SC(R) Act, 1956)
Provisions invoked
- s. 15
- s. 11B
- s. 12
- s. 11
- s. 15H
- s. 15J
- s. 12A
- s. 28A
- s. 23J
- s. 23
- s. 23D
Parties
- Mansi Share & Stock Advisors Pvt. Ltd.
Holding
The Noticee, Mansi Share & Stock Advisors Pvt. Ltd., was found to have violated Section 23D of the SC(R) Act, 1956 and various SEBI circulars relating to misutilization of client funds, failure to segregate client funds, non-maintenance of order recording evidence, stock mismatch, and incorrect reporting of client funds. A total penalty of Rs. 10,00,000/- was imposed (Rs. 6,00,000 under Section 15HB of SEBI Act and Rs. 4,00,000 under Section 23D of SC(R) Act).
Full text
____________________________________________________________________________________ Adjudication Order in the matter of Mansi Share & Stock Advisors Pvt. Ltd. Page 2 of 29
____________________________________________________________________________________ Adjudication Order in the matter of Mansi Share & Stock Advisors Pvt. Ltd. Page 3 of 29
____________________________________________________________________________________ Adjudication Order in the matter of Mansi Share & Stock Advisors Pvt. Ltd. Page 4 of 29
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Source: SecMarx — sebi:Order/AN/SM/2022-23/23239. 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.