To
All Trading Members of the Exchange
Sub: Final Order Under Sections 11(1), 11(4), 11B of the Securities and Exchange Board of India Act, 1992, In the matter of Nikki Global Finance Ltd.
SEBI vide its order no. WTM/AB/IVD/ID7/10565/2020-21 dated February 26, 2021 has inter-alia issued following directions:
- Noticee no. 1, 2, 3, 4, 5, 8, 9, 18, 20 and 82 are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of three (3) months, from the date of this order.
- Proceedings against Noticee no. 6, 7, 10, 11, 12, 13, 14, 15, 16, 17, 19, 21 to 81 and 83 to 109, are disposed of without any directions.
- This order comes into force with immediate effect.
- The obligation of the Noticees debarred in the present Order, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, can take place irrespective of the restraint/ prohibition imposed by this Order, only in respect of pending unsettled transactions, if any. Further, all open positions, if any, of the Noticees debarred in the present Order, in the F&O segment of the stock exchanges, are permitted to be squared off, irrespective of the restraint/ prohibition imposed by this Order.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Roshani More
Senior Manager Assistant Manager
Surveillance Surveillance
Date: February 26, 2021
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