sebi:WTM/SS/MIRSD/MIRSD-SEC-6/31404/2025-26
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Facts / Headnote
Show Cause Notice dated February 21, 2025 disposed of without imposing any further penalty; Noticee directed to call back outstanding loan amount of Rs. 26,83,011.76 within 3 months
Provisions invoked
- s. 15I
Regulations
- Reg. 26
Parties
- Venkatesh Stock Broker Services India Private Limited
Holding
The Quasi Judicial Authority disposed of the SCN without imposing any additional penalty on the Noticee, holding that the penalty of Rs. 5 Lakhs already imposed and paid pursuant to the adjudication order dated January 28, 2025 for the same violations is commensurate with the defaults. The Noticee was directed to call back the outstanding loan amount of Rs. 26,83,011.76 within 3 months as a corrective step.
Full text
Order in respect of Shri Venkatesh Stock Broker Services India Private Limited Page 2 of 14 (e) Net worth verification; 4. Vide letter dated March 11, 2025, the Noticee submitted its preliminary submissions, requested for inspection of documents such as the copy of full and complete inspection report, report of post inspection analysis, etc. which was denied after due consideration and it was communicated to the Noticee vide SEBI letter dated April 03, 2025 with
Order in respect of Shri Venkatesh Stock Broker Services India Private Limited Page 3 of 14 already been paid by the Noticee and the same be considered as a mitigating factor in the present proceedings.
Order in respect of Shri Venkatesh Stock Broker Services India Private Limited Page 4 of 14 bearing on the subject matter of the present proceedings and that Hon’ble SAT in the matter of Arihant Capital Markets Ltd. V. National Stock Exchange of India Ltd. adjourned the matter sine die in view of the circular being under challenge before the Hon’ble Bombay High Court.
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Source: SecMarx — sebi:WTM/SS/MIRSD/MIRSD-SEC-6/31404/2025-26. 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.