SEBI levies penalty on stock broker over regulatory violations
This order addresses regulatory violations by Motisons Shares Limited, a stock broker, identified during SEBI inspections between 2021 and 2024. It details the findings of the Designated Authority and the procedural history, including a rejected settlement application, leading to the continuation of proceedings under SEBI regulations.
Motisons Shares Limited (formerly Motisons Shares Private Limited)
- SEBI conducted joint inspections with BSE and NSE for April 2021–August 2022 and a limited purpose inspection for April 2023–June 2024.
- The Adjudicating Officer levied a penalty of INR 12 Lakhs on the Noticee, which was deposited 'under protest'.
- The Designated Authority recommended prohibiting the Noticee from taking new assignments or launching new schemes for 15 days.
- The Noticee filed a settlement application, which was returned/rejected by SEBI's Settlement Division on January 5, 2026, because an earlier application for the same default had been rejected.
- Proceedings were revived after the settlement rejection, and the order notes the consideration of the DA's report and the Noticee's replies.
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Document details
| Official title | Order in respect of Motisons Shares Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |