sebi:Order/AA/AR/2019-20/5823
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Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
- s. 15I(1)
Regulations
- Reg. 7
- Reg. 9(f)
- Reg. 9
Parties
- Sunidhi Securities and Finance Ltd
Holding
The Noticee was held liable for violating Clauses A(2) and A(5) of the Code of Conduct under Schedule II read with Regulation 9 of the SEBI (Stock Brokers and Sub brokers) Regulations, 1992, and SEBI Circular No. MIRSD/SE/Cir-19/2009 dated December 03, 2009, by failing to settle clients' funds and securities and by obtaining pre-dated authorization letters from clients. A penalty of Rs. 5,00,000/- was imposed under Section 15HB of the SEBI Act.
Full text
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Source: SecMarx — sebi:Order/AA/AR/2019-20/5823. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.