Wellindia Securities Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

NSE Committee's expulsion of Wellindia Securities from membership and declaration as a defaulter upheld.

SAT-appeal

Misuse of client securities and funds, failure to maintain required net worth, use of client funds for proprietary margin obligations, non-settlement of client balances, and inability to meet investor obligations.
Appeal dismissed without costs. · NSE Committee's expulsion of Wellindia Securities from membership and declaration as a defaulter upheld.
Appeal: Appeal No. 226 of 2020, decided and dismissed by SAT on 17 November 2020.
SAT matter SATV-6F18E79B32D2B0172F0123B2
Order reserved after hearing through video conference
Appeal: Appeal No. 226 of 2020 heard on 23.10.2020; order reserved, no final disposal yet

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Source: SecMarx — Wellindia Securities Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.