Order in respect of Stockholding Service Limited - Formerly SHCIL Services Limited
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What is this order about?
SEBI issued a final order against Stockholding Services Limited (formerly SHCIL Services Limited) for multiple compliance violations related to client account management, margin retention, and reporting inaccuracies.
Who it concerns
Stockholding Services Limited (Formerly SHCIL Services Limited)
What was found or directed
- Failed to generate and send retention statements to clients
- Retained excess margin of clients
- Failed to reconcile client securities holdings with Demat accounts
- Incorrect reporting of margin and cash balances
- Wrongfully passed on penalties to clients
- Failed to maintain complete KYC records
- Failed to appoint Chief Information Security Officer (CISO)
- Failed to provide timely data to authorities
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AN/MIRSD/MIRSD-SEC-4/31712/2025-26 |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-10-07
1759837803277_2.pdf
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