V.B. Desai Financial Services Ltd Receives Administrative Warning from SEBI

V.B. Desai Financial Services Ltd has received an Administrative Warning Letter from SEBI, following an inspection carried out by SEBI officials from January 23, 2025 to January 24, 2025. The findings of the inspection revealed discrepancies in the company's compliance with various regulations, including the SEBI (Merchant Bankers) Regulations 1992 and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company was found to have failed to timely intimate changes in KMPs to SEBI, maintain a Structured Digital Database, and have adequate infrastructure for carrying out its Merchant banking activities. The company has been warned to improve its compliance standards to avoid recurrence of such instances.