sebi:WTM/AS/IMD/IMD-SEC-3/31195/2024-25
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Facts / Headnote
Interim directions issued with immediate effect: (a) comply with minimum net worth within 15 days; (b) prohibited from on-boarding new clients and accepting additional funds or securities from existing clients till net worth compliance; (c) failure may lead to suspension/cancellation proceedings; order to be treated as show cause notice for transfer of activities, market-access bar and penalty.
Provisions invoked
- s. 15A
- s. 19
- s. 11B(2)
Regulations
- Reg. 7
- Reg. 11
- Reg. 9
- Reg. 10
- Reg. 35
- Reg. 11(e)
Parties
- DGS Capital Management Private Limited
Holding
The Noticee was directed to restore the minimum net worth of Rs.5 crore within 15 days and was prohibited from on-boarding new clients or accepting additional funds or securities from existing clients until compliance, while being called upon to show cause why further directions including transfer of business, market-access bar and monetary penalty should not be imposed.
Full text
Interim Order cum Show Cause Notice in respect of DGS Capital Management Private Limited. Page 2 of 11 2. Before discussing the findings of the examination, it would be relevant to mention the applicable regulatory provisions:
Interim Order cum Show Cause Notice in respect of DGS Capital Management Private Limited. Page 3 of 11 SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 Obligation to obtain certificate
Interim Order cum Show Cause Notice in respect of DGS Capital Management Private Limited. Page 4 of 11 the NISM-Series-XXI-B: Portfolio Managers Certification Examination within two years from the date of this notification:
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Source: SecMarx — sebi:WTM/AS/IMD/IMD-SEC-3/31195/2024-25. 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.