Final Order in the matter of Reliance Securities Limited
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What is this order about?
This order concerns Reliance Securities Limited (now IndusInd Securities Limited) and addresses violations of SEBI regulations related to settlement of client funds, reporting discrepancies, and other compliance issues during the inspection period from April 2021 to November 2022.
Who it concerns
Reliance Securities Limited (now IndusInd Securities Limited)
What was found or directed
- Regulatory censure issued to Reliance Securities Limited (now IndusInd Securities Limited)
- Violations of SEBI circulars including SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95, SEBI/HO/MIRSD/DOP/P/CIR/2021/577, and others
- Non-settlement of client funds for 122 instances (April 2021-June 2021) totaling Rs. 2,492,437.07
- Non-settlement of funds for 10,102 instances (September 2021 onwards) totaling Rs. 28,52,17,101
- Mismatch in client ledger balances for 7 instances
- Incorrect reporting of margin collection to exchanges for 3 instances totaling Rs. 93,262
- Exceeding margin trading exposure limits for 19 instances
- Failure to resolve 82 complaints within 30 days
- Incorrect reporting of client cash and cash equivalent balances at 5 instances
- Violation of cyber security regulations regarding designated officer appointment
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-06-30
ORDER_1782822190.pdf
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