Order in the matter of Cash Cow Broking and Advisory Solutions
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What is this order about?
This order addresses Cash Cow Broking & Advisory Solutions and its partners for operating unregistered investment advisory services, leading to a directive to refund collected fees.
Who it concerns
M/s. Cash Cow Broking & Advisory Solutions, Mr. Shailendra Sen, Mr. Amit Jain, Mr. Chirag Sharma
What was found or directed
- SEBI found Cash Cow Broking & Advisory Solutions engaged in unregistered investment advisory activities
- SEBI directed Cash Cow to refund ₹65,51,563 collected from clients
- SEBI recalculated the amount to ₹46,10,906.06
- Noticees failed to deposit ₹30,00,000 as directed by SAT
- Noticees deposited ₹40,00,000 to proceed with recalculation
- SEBI rejected Noticees' application for recalculation due to non-deposit of ₹30,00,000
- SEBI found Noticees unable to track remaining clients for ₹4,45,514/-
- SEBI stated cash deposits cannot be treated as partner contributions
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/WRO/WRO/32206/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-03-13
ORDER_1773405880.pdf
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