Enquiry Order in the matter of Prabhudas Lilladher Private Limited
This is an Enquiry Order by SEBI regarding Prabhudas Lilladher Private Limited, a registered stock broker, concerning alleged violations of regulations related to client fund management, settlement, and reporting observed during a joint inspection in 2022.
Prabhudas Lilladher Private Limited (SEBI Registration No. INZ000196637)
- SEBI observed prima facie violations including misuse of client funds, non-settlement of client accounts, incorrect reporting of margins and balances, and collection of excess brokerage.
- A Designated Authority (DA) recommended that the Noticee be prohibited from taking up any new assignment or contract for a period of 15 days.
- The Noticee submitted replies arguing that lapses were technical, procedural, or due to software errors, and that no investor harm occurred.
- The document provided is truncated before the final findings and final order of SEBI are stated.
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Document details
| Official title | Enquiry Order in the matter of Prabhudas Lilladher Private Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |