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Brief
"On August 29, 2024, the Securities and Exchange Board of India issued an update regarding Adjudication Order in the matter of Rikhav Securities Limited. A monetary penalty of ₹ 10,00,000 /- was imposed on Rikhav Securities Ltd for violating various SEBI Circulars and Regulations, including non-reconciliation of holding statements, non-compliance with SEBI Circulars, and non-cooperation with the inspection team."
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