sebi:WTM/GM/MIRSD/24/2019-20
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Facts / Headnote
AO Order dated April 09, 2019 held erroneous and detrimental to the interests of securities market; monetary penalty of Rs.5,00,000 imposed on the Noticee under Section 23D of the SCRA
Provisions invoked
- s. 23
- s. 23D
Parties
- AC Agarwal Share Brokers Private Limited
Holding
The AO Order dated April 09, 2019 was held erroneous and detrimental to the interests of the securities market. The Noticee was held to have violated Clause D of the 1993 Circular by utilizing clients’ funds for purposes other than those permitted and a penalty of Rs.5,00,000 was imposed under Section 23D of the SCRA.
Full text
__________________________________________________________________________________ Order in the matter of AC Agarwal Share Brokers Private Limited Page 2 of 8
__________________________________________________________________________________ Order in the matter of AC Agarwal Share Brokers Private Limited Page 3 of 8
__________________________________________________________________________________ Order in the matter of AC Agarwal Share Brokers Private Limited Page 4 of 8
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Source: SecMarx — sebi:WTM/GM/MIRSD/24/2019-20. 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.