sebi:WTM/ASB/MIRSD/MIRSD-SEC-1/22812/2022-23
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Facts / Headnote
Noticees found in violation of multiple SEBI circulars and regulations; penalties imposed, debarment ordered, and directions for refund of investor monies and securities.
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12A
- s. 12
- s. 15H
- s. 27
- s. 15J
- s. 15F
- s. 23
- s. 23J
- s. 23D
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 21
- Reg. 9(e)
- Reg. 4(2)(m)
- Reg. 3(d)
- Reg. 19
- Reg. 24
Holding
BRH and BRHCPL misutilised clients' securities and misappropriated clients' funds through related parties, violated SEBI circulars on client fund/securities segregation and reporting, failed to redress investor grievances, and failed to cooperate with inspections. Penalties of INR 5 crore each on Noticees 1 and 2, INR 1 crore on Noticee 3, and 5-year debarment on Noticees 7-11 were imposed.
Full text
__________________________________________________________________________________________ Order in the matter of BRH Wealth Kreators Limited 2 / 45
__________________________________________________________________________________________ Order in the matter of BRH Wealth Kreators Limited 3 / 45
__________________________________________________________________________________________ Order in the matter of BRH Wealth Kreators Limited 4 / 45
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Source: SecMarx — sebi:WTM/ASB/MIRSD/MIRSD-SEC-1/22812/2022-23. 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.