Adjudication Order in the matter of Raghunandan Capital Private Limited

News Corporate Finance & M&A Sanctions & Fines

Date: 27th Nov, 2024 Source: Securities and Exchange Board of India Country: India Original Source

Brief

"On September 22, 2023 and September 29, 2023, Noticee reported incorrect balances in Client Assets Report. The alleged violations include under-reporting of collateral with CC/CM, over-reporting of bank balance by ₹27,300, and under-reporting of aggregate values of debit and credit balances across all Exchanges." "Noticee has been penalized ₹8,00,000/- for violating SEBI Circulars, Rules, and Regulations, including Clause 3.2 & 6.1.1(j) of Annexure of SEBI Circular Ref No: SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016."

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Securities and Exchange Board of India

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Adjudication Order in the matter of Raghunandan Capital Private Limited

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Adjudication Order in the matter of Raghunandan Capital Private Limited

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