Order in the matter of DGS Capital Management Pvt. Ltd.
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What is this order about?
SEBI issued a final order against DGS Capital Management Pvt. Ltd. for failing to meet regulatory requirements including minimum net worth, submitting required reports, and NISM certification compliance.
Who it concerns
DGS Capital Management Pvt. Ltd.
What was found or directed
- Failed to maintain minimum net worth of INR 5 crores as required under PM Regulations
- Failed to submit net worth certificate, compliance certificate, and corporate governance report for FY 2022-23 and 2023-24
- Principal Officer (Mr. Ashish Sharma) obtained NISM certification on October 14, 2024, after the required deadline of September 07, 2023
- Interim order prohibited on-boarding new clients and accepting additional funds until net worth requirement met
- SEBI directed DGS to comply with minimum net worth within 15 days
- SEBI prohibited DGS from accessing securities market or dealing in securities until compliance
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AN/IMD/IMD-SEC-3/31701/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2025-10-03
1759503002831_1.pdf
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