SMC Global Securities Limited — Others, 21-08-2025: Delay/default in the payment of fines/penalties/dues etc. to authority

Market regulator SEBI has issued an adjudication order against SMC Global Securities Limited, imposing a monetary penalty of ₹0.02 Cr. The penalty stems from compliance lapses, specifically involving 19 NSE CTCL trading terminals found operating at an undeclared location during an inspection. While the company cited an ongoing address shift, SEBI deemed this a failure to exercise due skill and care. Allegations regarding incorrect location details for MCX and NCDEX terminals were accepted as typographical errors. This action underscores the critical need for stockbrokers to maintain precise and timely regulatory compliance for their trading operations.