SEBI finds Gogia Capital violated net worth, client funds rules
This is a final order by SEBI regarding Gogia Capital Services Limited, a registered stock broker, concerning alleged violations of regulations related to net worth maintenance, engaging in non-securities business, and settlement of client funds.
Gogia Capital Services Limited (Registration No. INZ000202733)
- SEBI found violations of the Securities Contracts (Regulation) Rules, 1957, SEBI (Stock Brokers) Regulations, 1992, and various SEBI Circulars.
- Alleged violations include: shortfall in net worth and improper maintenance of books; engaging as a principal/employee in business other than securities involving personal financial liability; and non-settlement of clients' funds and securities.
- The Designated Authority (DA) recommended that the Noticee be prohibited from onboarding new clients for a period of one month.
- The order notes that the Noticee claimed its net worth was negative by Rs. 10,11,70,306/- as on March 31, 2023, due to unadjusted receivables, while the Noticee argued it met the requirement after changing membership type.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Final Order in the matter of Gogia Capital Services Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AN/MIRSD/MIRSD-SEC-2/31704/2025-26 |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |