sebi:WTM/SM/NRO/NRO/19596/2022-23
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Facts / Headnote
Cancellation of certificate of registration granted to Ficus Securities Pvt. Ltd. with immediate effect
Provisions invoked
- s. 11B
- s. 11(2)
Regulations
- Reg. 4
- Reg. 6
- Reg. 9
- Reg. 21
- Reg. 3(a)
- Reg. 9(e)
- Reg. 27
Parties
- Ficus Securities Pvt. Ltd.
Holding
The Whole Time Member cancelled the certificate of registration granted to Ficus Securities Pvt. Ltd. with immediate effect. Ficus was held to have misutilised and diverted client funds and securities, failed to effect periodic settlement and redress investor grievances, and maintained undisclosed demat accounts.
Full text
__________________________________________________________________________________ Order in the Enquiry Proceedings against Ficus Securities Pvt. Ltd. Page 2 of 26 terms of regulation 27 of the Intermediaries Regulations. The issued SCN enclosed therewith the report of the DA dated December 31, 2020 made with respect to Ficus.
__________________________________________________________________________________ Order in the Enquiry Proceedings against Ficus Securities Pvt. Ltd. Page 3 of 26
__________________________________________________________________________________ Order in the Enquiry Proceedings against Ficus Securities Pvt. Ltd. Page 4 of 26
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Source: SecMarx — sebi:WTM/SM/NRO/NRO/19596/2022-23. 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.