sebi:Order/AS/VC/2022-23/23295
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Facts / Headnote
Violations established; penalty imposed under Section 15HB of the SEBI Act, 1992 and Section 23D of the SC(R) Act, 1956
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 12A
- s. 15F
- s. 28A
- s. 23
- s. 23D
Parties
- Capstocks & Securities (India) Pvt. Ltd.
Holding
The Noticee, Capstocks & Securities (India) Pvt. Ltd., was held to have violated the provisions of Section 23D of the SC(R) Act, 1956 read with SEBI circulars on segregation of client funds, non-settlement of running accounts, incorrect reporting of collateral and margin data, and falsely reported margin, and was held liable for penalty under Section 15HB of the SEBI Act, 1992 and Section 23D of the SC(R) Act, 1956.
Full text
Adjudication Order in the matter of Capstocks & Securities (India) Pvt. Ltd. Page 2 of 46 had submitted its comments / explanations on the aforesaid observations of the inspection vide its letter April 06, 2022.
Adjudication Order in the matter of Capstocks & Securities (India) Pvt. Ltd. Page 3 of 46 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order in the matter of Capstocks & Securities (India) Pvt. Ltd. Page 4 of 46 In addition, AR requested time to furnish the additional submissions in response to the allegations levelled in Para 5B and 5C of the SCN, which was acceded to. Vide email / letter dated January 06, 2023, Noticee furnished the additional submissions in response to the allegations levelled in Para 5B and 5C of the SCN.
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Source: SecMarx — sebi:Order/AS/VC/2022-23/23295. 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.