Order in the matter of M/s AFCO Capital India Private Limited
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What is this order about?
SEBI issued an order against M/s AFCO Capital India Private Limited for violating merchant banker regulations related to due diligence, misrepresentation of an advisor as a director, and outsourcing core functions.
Who it concerns
M/s AFCO Capital India Private Limited
What was found or directed
- Prohibited from taking up new assignments for two months under Regulation 26(1)(iv) of SEBI (Intermediaries) Regulations, 2008
- Violated Fit & proper criteria under Clause 3(a) of Schedule II of Intermediaries Regulations
- Violated Code of Conduct under Merchant Bankers Regulations (Cl. 2, 3, 4, 20, 21)
- Violated PFUTP Regulations (Cl. 13.5, Reg. 9A(1)(e))
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-03-30
1774872307649.pdf
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