Warning to Broker

Seconday Market Department

The Securities and Exchange Board of India (SEBI) has warned M/s Ratnabali Capital Markets Ltd., member of National Stock Exchange (SEBI Reg. No INB231143232) for irregularities in maintenance of books of accounts, irregularities in respect of contract notes, non-collection of margins from clients, misuse of clients' funds, irregularities regarding share lending/borrowing, non-segregation of clients accounts with own accounts and for not reporting off-the-floor transactions to Stock Exchange. 

The warning has been served in terms of Sub-Regulation (3) of Regulation 29 of SEBI (Stock Brokers and Sub-Brokers) Rules & Regulations, 1992.