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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: DIRECTED NOT TO TAKE NEW CLIENTS AS DEPOSITORY PARTICIPANT

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person SIC STOCKS & SERVICES PVT.LTD.

(PAN:AAHCS8176P)

(Depository Participants : CDSL,Member : NSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS, SYNCHRONIZED TRANSACTIONS AND SELF-TRADES IN SCRIP OF VERTEX SPINNING LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF VERTEX SPINNING LTD.   		DIRECTED NOT TO TAKE NEW CLIENTS AS DEPOSITORY PARTICIPANT FROM 21-SEP-2021 TO 20-DEC-2021

DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 21-SEP-2021 TO 20-DEC-2021

21-SEP-2021 		SAT: SAT VIDE ITS ORDER DATED 02/09/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 21/09/2021  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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