Order in the matter of Anugrah Stock & Broking Private Limited

Last updated: 19 November 2020

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Quick Summary

The Securities and Exchange Board of India (SEBI) initiated an investigation into Anugrah Stock & Broking Private Limited (ASBPL) following concerns about potential misappropriation of client funds and involvement in assured return schemes. SEBI advised the National Stock Exchange (NSE) to appoint a forensic auditor, which revealed preliminary findings of irregularities. Consequently, ASBPL's trading terminal was disabled, and they faced a Show Cause Notice regarding alleged receipt of funds under false promises.

Court :
SEBI

Brief :
Anugrah Stock & Broking Private Limited (hereinafter referred to as “ASBPL”/ “Stock Broker”/ “Broker”/ “Trading Member”) is a member of National Stock Exchange of India Limited (“NSE”), NSE Clearing Limited, BSE Limited, Indian Clearing Corporation Limited, Metropolitan Stock Exchange of India Limited and Metropolitan Clearing Corporation of India Limited and ASBPL is registered with Securities and Exchange Board of India (hereinafter referred to as “SEBI”), as Stock Broker with registration number INZ000200231 and also a Depository Participant (DP) of Central Depository Services Limited (CDSL) with SEBI registration number IN-DP-93-2015.

Citation :
WTM/AB/SEBI/MIRSD/HO/15/2020-21

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