| S.No. |
ENTITY |
PERSON |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
4A SECURITIES LTD.
|
|
|
DID NOT ADHERE TO REGULATORY PROVISIONS OF THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER TILL 11-FEB-2020Rs.48,94,000
04-FEB-2020
IMPOSED PENALTY TILL 11-FEB-2020
|
SAT: APPEAL DISMISSED
|
| 2 |
|
|
ABHIPRA CAPITAL LTD.
|
|
|
DID NOT MAINTAIN REQUIRED NET WORTH
DID NOT MAINTAIN ADEQUATE CLIENT FUNDS
SUBMITTED INCORRECT DATA TO STOCK EXCHANGE
DID NOT SEGREGATE CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DID NOT REPORT BANK ACCOUNTS TO STOCK EXCHANGE UNDER ENHANCED SUPERVISION OF STOCK BROKERS
DID NOT MAINTAIN CLIENT LEDGERS, REGISTER OF SECURITIES AND BANK BOOK IN PRESCRIBED FORMAT
ENGAGED IN BUSINESS OTHER THAN OF SECURITIES
|
IMPOSED PENALTY FROM 25-SEP-2023 Rs.18,85,000
25-SEP-2023
DIRECTED TO RECOUP SHORTFALL IN NET WORTH FROM 25-SEP-2023
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 25-SEP-2023
DIRECTED TO DISABLE TRADING TERMINALS FROM 25-SEP-2023
|
|
| 3 |
|
|
AFFLUENCE SHARES & STOCKS PVT.LTD.
|
|
|
INDULGED IN SYNCHRONIZED TRANSACTIONS AND MATCHED TRADES IN NSE F&O SEGMENT WITH OTHER ENTITY
|
IMPOSED PENALTY FROM 28-FEB-2020 Rs.1,01,61,582
11-AUG-2021
|
SAT: SAT VIDE ITS ORDER DATED 11/08/2021 DISMISSED THE APPEAL
|
| 4 |
|
|
ALANKIT ASSIGNMENTS LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 15-NOV-2018 TO 19-NOV-2018Rs.25,00,000
31-OCT-2019
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-NOV-2018 TO 19-NOV-2018
|
SAT: SAT VIDE ITS ORDER DATED 08/11/2019 UPHELD PENALTY OF RS.25 LACS AND MODIFIED SUNPENSION OF FIVE DAYS FROM ALL SEGMENTS OF THE EXCHANGE TO RESTRAINED FROM TAKING ANY FRESH CLIENTS FOR ONE MONTHS W.E.F.FROM SEVENTH DAY OF DATE OF THIS ORDER. NO COSTS
|
| 5 |
|
|
ALICE BLUE FINANCIAL SERVICES PVT.LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 06-JUN-2020 TO 06-JUN-2020Rs.4,35,02,000
27-JUN-2020
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-JUN-2020 TO 06-JUN-2020
|
SAT VIDE ITS ORDER DATED 27/06/2020 DIRECTED NSE TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IMPUGNED ORDER SUSPENDING TRADING OF THE APPELLANT FOR ONE DAY TO REMAIN STAYED DURING PENDENCY OF THE APPEAL. PENALTY AMOUNT SO DEPOSITED WILL BE KEPT IN ESCROW ACCOUNT BY NSE
|
| 6 |
|
|
AMRAPALI CAPITAL & FINANCE SERVICES LTD.
|
|
|
INDULGED IN SYNCHRONIZED TRADING WITH AFFLUENCE GEMS PVT.LTD.
|
IMPOSED PENALTY Rs.1,01,67,582
19-NOV-2020
|
SAT: SAT VIDE ITS ORDER DATED 30/06/2020 DIRECTED APPELLANT TO DEPOSIT OF RS.30 LAC WITHIN FOUR WEEKS FROM THE DATE OF THIS ORDER BEFORE THE RESPONDENT. IF THE AMOUNT DEPOSITED FURTHER RECOVERY SHALL NOT BE MADE PURSUANT TO THE IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 19/11/2020 DISMISSED THE APPEAL
|
| 7 |
|
|
ANGEL ONE LTD.
|
|
|
TRADING TERMINAL OPERATED AT LOCATIONS OTHER THAN REPORTED TO NSE
TRADING TERMINAL NOT OPERATED BY PERSON AS PER EXCHANGE RECORDS
OFFICE OF THE AUTHORISED PERSON NOT AVAILABLE AT REGISTERED ADDRESS
DID NOT DISPLAY AUTHORISED PERSON REGISTRATION CERTIFICATE
DID NOT MAINTAIN INVESTOR GRIEVANCE REGISTER/BOARD
DID NOT MAINTAIN CALL RECORDINGS OF CLIENTS
UNAPPROVED MARKETING MATERIAL AND WEBSITES FOUND AT AUTHORISED PERSONS OFFICE
|
IMPOSED PENALTY FROM 14-JUL-2023 TO 13-JAN-2024Rs.1,66,89,000
14-JUL-2023
PROHIBITED FROM ONBOARDING NEW AUTHORISED PERSONS FROM 14-JUL-2023 TO 13-JAN-2024
DIRECTED TO CONDUCT INSPECTION OF ALL AUTHORIZED PERSONS AND SUBMIT REPORT THEREOF TO STOCK EXCHANGES FROM 14-JUL-2023 TO 13-JAN-2024
DIRECTED TO SUBMIT DETAILED REPORT ON INVESTORS GRIEVANCE REDRESSAL MECHANISM FROM 14-JUL-2023 TO 13-JAN-2024
|
|
| 8 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY Rs.3,50,000
17-NOV-2021
|
SAT: SAT VIDE ITS ORDER DATED 17/11/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3,50,000 LAC FROM RS.7,05,600
|
| 9 |
|
|
BEZEL STOCKBROKERS PVT.LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 14-JUN-2018 TO 18-JUN-2018Rs.15,00,000
30-JAN-2019
SUSPENDED FROM TRADING FROM 14-JUN-2018 TO 18-JUN-2018
DIRECTED TO SUBMIT CERTIFICATE OF CHARTERED ACCOUNT DEPICTING THE SHORTAGE OF FUNDS TO PAY OFF ITS CLIENTS CREDITORS FROM 14-JUN-2018 TO 18-JUN-2018
|
SAT: SAT VIDE ITS ORDER DATED 31/01/2019 APPEAL PARTLY ALLOWED AND QUASHED IMPUGNED ORDER DATED 14/06/2018 AND APPELLANT SUSPENDED IN ALL SEGMENT FOR A PERIOD OF FIVE DAYS. NO COSTS
|
| 10 |
|
|
BGSE FINANCIALS LTD.
|
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY FROM 02-SEP-2022 Rs.1,00,100
10-AUG-2023
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 02/09/2022
|
| 11 |
|
|
CAB SECURITIES LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
SUSPENDED FROM TRADING FROM 20-JUL-2018 Rs.31,88,600
24-SEP-2019
IMPOSED PENALTY FROM 20-JUL-2018
|
SAT: APPEAL DISMISSED. NO COSTS
|
| 12 |
|
|
CENTURY FINVEST PVT.LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT RECONCILE SECURITIES
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DID NOT MAINTAIN HOLDING OF BACK-OFFICE RECORDS
DID NOT MAINTAIN REGISTER OF SECURITIES AND BOOKS OF ACCOUNTS IN PRESCRIBED FORMAT
SUBMITTED INCORRECT DATA IN RESPECT OF WEEKLY MONITORING OF CLIENT FUNDS
MISREPRESENTED TRANSACTIONS IN CLIENTSF LEDGERS, AUDITED FINANCIAL STATEMENTS
DID NOT MAINTAIN MINIMUM NETWORTH
|
IMPOSED PENALTY FROM 25-JAN-2023 TO 24-JUN-2023Rs.43,07,500
25-JAN-2023
SUSPENDED REGISTRATION AS STOCK BROKER FROM 25-JAN-2023 TO 24-JUN-2023
DIRECTED TO RECOUP SHORTFALL IN NET WORTH FROM 25-JAN-2023 TO 24-JUN-2023
|
|
| 13 |
|
|
EDELWEISS BROKING LTD.
|
|
|
DID NOT ADHERE TO LEVERAGE AND EXPOSURE LIMITS WHILE GRANTING MARGIN TRADING FACILITY
|
IMPOSED PENALTY Rs.5,00,000
17-JUL-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/07/2020 STAYED IMPUGNED ORDER PROVIDED APPELLANT DEPOSITS 50% AMOUNT OF PENALTY WITHIN THREE WEEKS FROM DATE OF THIS ORDER WHICH SHALL BE KEPT IN INTEREST BEARING ESCROW ACCOUNT
SAT: SAT VIDE ITS ORDER DATED 07/01/2021 PARTLY ALLOWED THE APPEAL. APPEAL TO THE EXTENT OF LEAVYING PENALTY OF RS.5 LACS FOR CONSIDERING COLLECTION OF MARGIN FOR TRADING UNDER MARGIN TRADING FACILITY BY WAY OF SECURITIES OTHER THAN GROUP ONE IS CONFIRMED. SAT SET ASIDED PENALTY OF RS.1,75,10,000.00 FOR NON-ADHERENCE TO LEVERAGE AND EXPOSURE LIMIT. INSTEAD DIRECTED APPELLANT TO PAY PENALTY OF RS.25 LACS ON THIS COUNT
|
| 14 |
|
|
EXCEL STOCK BROKING PVT.LTD.
|
|
|
TRADING TERMINAL OPERATED AT LOCATIONS OTHER THAN REPORTED TO NSE
|
IMPOSED PENALTY Rs.1,00,000
07-JAN-2021
|
SAT: SAT VIDE ITS ORDER DATED 07/01/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.1 LAC FROM RS.10 LACS TO BE PAID WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 15 |
|
|
GOGIA CAPITAL SERVICES LTD.
|
|
|
MADE INCORRECT REPORTING OF CLIENT LEVEL CASH AND CASH EQUIVALENT BALANCES
DID NOT MAINTAIN BANK BOOKS IN PRESCRIBED FORMAT
DID NOT SEGREGATE CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MADE INCORRECT RETENTION STATEMENT
TRADING TERMINAL NOT OPERATED BY PERSON AS PER EXCHANGE RECORDS
UPLOADED INCORRECT DETAILS OF TRADING TERMINALS (CTCL) TO STOCK EXCHANGE
|
IMPOSED PENALTY Rs.1,72,500
23-JAN-2025
|
|
| 16 |
|
|
GROWTH SECURITIES PVT.LTD.
|
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CLIENT LEVEL CASH AND CASH EQUIVALENT BALANCES
|
IMPOSED PENALTY FROM 26-NOV-2024 TO 25-FEB-2025Rs.89,70,100
26-NOV-2024
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 26-NOV-2024 TO 25-FEB-2025
|
|
| 17 |
|
|
INDIANIVESH SHARES & SECURITIES PVT.LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
ENGAGED IN BUSINESS OTHER THAN OF SECURITIES
|
IMPOSED PENALTY FROM 11-FEB-2022 TO 10-AUG-2022Rs.40,39,000
11-FEB-2022
SUSPENDED FROM TRADING FROM 11-FEB-2022 TO 10-AUG-2022
WARNED & ADVISED TO COMPLY WITH APPLICABLE SECURITIES LAWS FROM 11-FEB-2022 TO 10-AUG-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2022 DISPOSED OFF THE STAY AND URGENCY APPLICATION. DIRECTED THAT THE SUSPENSION OF TRADING MEMBERSHIP OF THE APPELLANT TO REMAIN STAYED, PROVIDED APPELLANT DEPOSITS RS.50 LAC BEFORE THE RESPONDENT
SAT: SAT VIDE ITS ORDER DATED 06/05/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 18 |
|
|
ISS ENTERPRISE LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY Rs.25,92,000
26-NOV-2021
|
SAT: SAT VIDE ITS ORDER DATED 23/02/2023 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 21/07/2023 DISMISSED THE REVIEW APPLICATION
|
| 19 |
|
|
JAINAM BROKING LTD.
|
|
|
INDULGED IN MATCH AND REVERSAL TRADE TRANSACTIONS WITH SAME COUNTER PARTIES AND SQUARED OFF POSITION FROM ITS PROMOTERS AND OTHER TO REDUCE POSITION
|
IMPOSED PENALTY Rs.23,46,00,000
27-JUN-2025
|
SAT: SAT VIDE ITS ORDER DATED 09/10/2025 STAYED THE RECOVERY SUBJECT TO DEPOSIT 50% OF PENALTY WITH NSE WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 20 |
|
|
JITENDRA PUKHRAJ JAIN,M/S
|
|
|
|
JITENDRA PUKHRAJ JAIN
|
|
|
IMPOSED PENALTY Rs.3,01,700
17-NOV-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/11/2020 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3,01,700.00 FROM RS.7,01,700.00 LACS AND RESPONDENT IS AT LIBERTY TO RECOVER BALANCE AMOUNT OF RS.3,01,700
|
| 21 |
|
|
JUNJHARJI INVESTMENT PVT.LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
DID NOT CO-OPERATE IN PROVIDING DATA DURING INSPECTION
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT RECONCILE CLIENT SECURITIES IN BENEFICIARY ACCOUNTS WITH THE BACK-OFFICE RECORDS
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
SUBMITTED INCORRECT DATA TOWARDS CLIENT LEVEL HOLDING STATEMENT
DID NOT ISSUE STATEMENT OF ACCOUNT AND RETENTION STATEMENTS TO CLIENTS
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
SUBMITTED INCORRECT DATA IN RESPECT OF WEEKLY MONITORING OF CLIENT FUNDS
OPERATED TRADING TERMINAL WITHOUT HOLDING VALID CERTIFICATE/REGISTRATION
|
IMPOSED PENALTY FROM 14-SEP-2022 TO 15-SEP-2022Rs.44,79,300
24-AUG-2022
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-SEP-2022 TO 15-SEP-2022
|
NSE VIDE ITS ORDER DATED 15/03/2023 UPHELD EARLIER ORDER DATED 24/08/2022
|
| 22 |
|
|
KEDIA CAPITAL SERVICES PVT.LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
SUBMITTED INCORRECT DATA IN RESPECT OF WEEKLY MONITORING OF CLIENT FUNDS
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DELAY IN SETTLEMENT OF CLIENTFS FUNDS AND/OR SECURITIES
MADE INCORRECT RETENTION STATEMENT
|
IMPOSED PENALTY FROM 03-MAR-2023 TO 02-SEP-2023Rs.13,32,000
03-MAR-2023
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 03-MAR-2023 TO 02-SEP-2023
|
|
| 23 |
|
|
KSBL SECURITIES LTD.
|
|
|
|
IMPOSED PENALTY FROM 02-AUG-2018 TO 06-AUG-2018Rs.15,00,000
26-NOV-2019
SUSPENDED FROM TRADING FROM 02-AUG-2018 TO 06-AUG-2018
|
SAT: SAT VIDE ITS ORDER DATED 26/11/2019 PARTLY ALLOWED THE APPEAL. UPHELD MONETARY PENALTY OF RS.15 LAC AND MODIFY DIRECTION RELATING TO SUSPENSION FROM ALL SEGMENTS OF NSE FOR 5 DAYS TO NOT TO ENROLL OR REGISTER ANY FRESH CLIENTS FOR ONE MONTH FROM SEVENTH DAY OF THIS ORDER
|
| 24 |
|
|
M.PRASAD & CO.LTD.
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS
|
IMPOSED PENALTY Rs.5,69,00,000
17-JUN-2026
|
SAT: SAT VIDE ITS ORDER DATED 17/06/2026 STAYED THE RECOVERY SUBJECT TO APPELLANT DEPOSIT 25% PENALTY AMOUNT IN BANK WITH LIEN MARKED IN FAVOUR OF NSE WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 25 |
|
|
MAGNUM EQUITY BROKING LTD.
|
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
UPLOAD INCORRECT EMAIL IDS AND MOBILE NUMBERS OF CLIENTS
DID NOT COMPLETE CKYC PROCESS OF INDIVIDUAL CATEGORY OF CLIENTS
|
IMPOSED PENALTY FROM 30-MAY-2022 Rs.62,000
29-NOV-2023
|
SAT: SAT VIDE ITS ORDER DATED 29/11/2023 ALLOWED THE APPEAL. PENALTY OF RS.7.50 LACS STRUCK DOWN AND AFFIRMED PENALTY OF RS.62,000.00. NO COSTS
|
| 26 |
|
|
MANALI TRADING & HOLDINGS PVT.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIONS ISSUED BY MEMBER CORE SETTLEMENT GUARANTEE FUND COMMITTEE (MCSGFC)
DID NOT MAINTAIN CLIENT ORDER PLACEMENT EVIDENCE DURING INSPECTION
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DID NOT CLOSE DEMAT ACCOUNT TAGGED AS CLIENT COLLATERAL ACCOUNT
DELAY IN ISSUANCE OF DAILY MARGIN STATEMENTS TO CLIENTS
DID NOT CONDUCT IN-PERSON VERIFICATION (IPV) WHILE REGISTERING CLIENTS
MADE INCORRECT RETENTION STATEMENT
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
SUBMITTED INCORRECT DATA TOWARDS CLIENT LEVEL HOLDING STATEMENT
INCORRECT REPORTING FOR WEEKLY MONITORING OF CLIENT FUNDS
DID NOT UPLOAD KYC DOCUMENTS TO KRA PROCESSES
DID NOT ISSUE INTIMATION OF TRANSFER OF FUNDS TO CLIENTS BY SMS DURING RUNNING ACCOUNT SETTLEMENT
DELAY IN WINDING UP OF CLIENT UNPAID SECURITIES ACCOUNT (CUSA)
ALLOCATED TRADING TERMINALS TO COMPLIANCE OFFICER FOR EXECUTION OF TRADES
DID NOT MAINTAIN PROPER AND/OR COMPLETE CLIENT REGISTRATION FORMS
DID NOT ENSURE PROPER DEMARCATION OF MANDATORY AND NON-MANDATORY FIELDS IN REGISTRATION DOCUMENT
|
IMPOSED PENALTY Rs.1,00,980
24-FEB-2026
WARNED & ADVISED TO COMPLY WITH APPLICABLE SECURITIES LAWS
|
|
| 27 |
|
|
NEON VINIMAY PVT.LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 11-SEP-2018 TO 11-SEP-2018Rs.13,47,346
26-APR-2019
SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-SEP-2018 TO 11-SEP-2018
|
SAT: SAT VIDE ITS ORDER DATED 26/04/2019 PARTLY ALLOWED THE APEAL BY UPHELDING ONLY MONETARY PENALTY. NO COSTS
|
| 28 |
|
|
PREMIUM GLOBAL SECURITIES PVT.LTD.
|
|
|
ENGAGED IN BUSINESS OTHER THAN OF SECURITIES
|
IMPOSED PENALTY Rs.3,00,000
20-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 20/10/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3 LAC FROM RS.5 LAC AND DISMISSED REST OF THE APPEAL.NO COSTS
|
| 29 |
|
|
PROFITMART SECURITIES PVT.LTD.
|
|
|
PROVIDED MARGIN TRADING FACILITY IN UNAPPROVED SECURITIES
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
SUBMITTED INCORRECT DATA TOWARDS WEEKLY HOLDING STATEMENT
MADE INCORRECT REPORTING OF CLIENT LEVEL CASH AND CASH EQUIVALENT BALANCES
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
|
IMPOSED PENALTY Rs.1,17,000
11-AUG-2022
|
|
| 30 |
|
|
PRRSAAR,M/S
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY Rs.10,00,000
05-MAR-2020
|
SAT: SAT VIDE ITS ORDER DATED 05/03/2020 ALLOWED THE APPEAL AND QUASHED THE IMPUGNED ORDER OF DAC DATED 25/10/2016 AS WELL AS ORDER DATED 03/02/2017. MATTER REMITTED TO THE DAC TO RECONSIDER THE QUANTUM OF PENALTY AND DECIDE THE MATTER WITHIN THREE MONTHS FROM DATE OF THIS ORDER
SAT VIDE ITS ORDER DATED 14/09/2020 PARTLY ALLOWED THE APPEAL AND DIRECTED RESPONDENT TO REFUND RS.9.00 LACS TO APPELLANT ALONGWITH SIMPLE INTEREST @6% P.A. AND RS 50,000.00 TOWARDS COSTS WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 31 |
|
|
R.K.STOCK HOLDING PVT.LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 28-FEB-2020 Rs.47,70,000
09-FEB-2021
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-FEB-2020
|
SAT: SAT VIDE ITS ORDER DATED 09/02/2021 PARTLY ALLOWED THE APPEAL BY SET ASIDING THE DIRECTION OF SUSPENSION OF TRADING ACTIVITIES IN ALL SEGMENT FOR FIVE DAYS. FURTHER, DIRECTED APPELLANT TO PAY PENALTY AMOUNT WITHIN FOUR WEEKS TOWARDS COSTS WITHIN FOUR WEEKS
SAT: SAT VIDE ITS ORDER DATED 21/10/2021 DISMISSED THE APPEAL. NO COSTS
|
| 32 |
|
|
RAPID CAPITAL SERVICES
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT MAINTAIN MINIMUM NETWORTH
|
IMPOSED PENALTY FROM 08-AUG-2023 Rs.20,46,300
18-OCT-2023
|
SAT: SAT VIDE ITS ORDER DATED 18/10/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 08/08/2023
|
| 33 |
|
|
REFLECTION INVESTMENTS
|
|
|
DID NOT ADHERE TO REGULATORY PROVISIONS OF THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-JAN-2020 Rs.5,47,900
14-JAN-2020
IMPOSED PENALTY FROM 14-JAN-2020
|
SAT: SAT VIDE ITS ORDER DATED 23/01/2020 DIRECTED APPELLANT TO PAY PENALTY RS.5,47,900.00 WITHIN ONE WEEK. DIRECTED NSE TO ALLOW APPELLANT TO OPERATE IN CASH SEGMENT OF EXCHANGE USING ONE TERMINAL. PERMISSION FOR LIMITED TRADING SUBJECT TO ENHANCED SUPERVISION OF NSE AND ON CONDITION THAT IT SHALL NOT RESULT IN ANY ADDITIONAL SHORTFALL OF CLIENT FUNDS. DIRECTED APPELLANT RECOUP REMAINING SHORTFALL OF RS.5.75 CRORES IN TWO INSTALMENTS OF RS.3.00 CRORES BY 29/02/2020 AND RS.2.75 CRORES BY 31/03/2020.NO COSTS
SAT: SAT VIDE ITS ORDER DATED 11/02/2020 DISPOSED OFF THE APPEL AS GRIEVANCE OF THE APPELLANT HAS SET AT REST
|
| 34 |
|
|
RELIANCE SECURITIES LTD.
|
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 35 |
|
|
RELIANCE SECURITIES LTD.
|
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 36 |
|
|
RELIANCE SECURITIES LTD.
|
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 37 |
|
|
S.P.JAIN SECURITIES PVT.LTD.
|
|
|
DID NOT ENSURE THAT AUTHORISED PERSONS ENGAGED ONLY IN PERMITTED ACTIVITIES AND DID NOT UNDERTAKE BUSINESS ACTIVITIES DISALLOWED
UNPERMITTED TRANSFER OF FUNDS FROM OWN BANK ACCOUNT TO UPSTREAM BANK ACCOUNT (USCNBA) AND DOWNSTREAM BANK ACCOUNT (DSCNBA)
DID NOT UNDERTAKE INSPECTION OF REGISTERED AUTHORISED PERSONS
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
MADE PAY-OUT OF FUNDS TO CLIENTS IN EXCESS OF AVAILABLE BALANCES
MADE INCORRECT RETENTION STATEMENT
DID NOT DISPLAY NOTICE BOARD AND SEBI REGISTRATION CERTIFICATE AT INSPECTION LOCATION
DELAY IN INTIMATING STOCK EXCHANGE REGARDING CLOSURE OF DEMAT ACCOUNTS
ALLOWED TRADING IN CLIENT CODES WHOSE KYC RECORDS WERE NOT VALIDATED BY KRA
INCORRECT REPORTING ON CLIENT-LEVEL SEGREGATION AND MONITORING OF COLLATERAL
DID NOT ISSUE SMS AND EMAIL INTIMATIONS TO CLIENTS REGARDING TRANSFER OF FUNDS DURING RUNNING ACCOUNT SETTLEMENT
SUBMITTED INCORRECT DATA IN RESPECT OF WEEKLY MONITORING OF CLIENT FUNDS
DELAY IN UPSTREAMING OF CLIENTS' CLEAR CREDIT BALANCES TO CLEARING CORPORATION
|
DESISTED AUTHORSED PERSONS FROM INDULGING IN ANY MONEY/SECURITIES DEALINGS WITH CLIENTS AND DIRECTED TO SUBMIT DECLARATION THAT NO CLIENT FUNDS ARE LYING WITH AP AS ON DATE FROM 25-FEB-2026 TO 24-MAY-2026Rs.91,673
25-FEB-2026
PROHIBITED AUTHORISED PERSONS FROM BUSINESS FROM 25-FEB-2026 TO 24-MAY-2026
IMPOSED PENALTY FROM 25-FEB-2026 TO 24-MAY-2026
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|
| 38 |
|
|
SANGHAVI SAVLA STOCK BROKERS LTD.
|
|
|
NOT AVAILABLE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JUL-2020 Rs.2,04,00,000
24-SEP-2020
IMPOSED PENALTY FROM 27-JUL-2020
|
SAT: SAT VIDE ITS ORDER DATED 24/09/2020 DIRECTED TO DEPOSIT RS.75 LACS WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/07/2021 SET ASIDE IMPUGNED ORDER DATED 27/07/2020. MATTER REMITTED TO COMMITTEE TO DECIDE THE MATTER AFRESH
|
| 39 |
|
|
SHREE NAMAN SECURITIES & FINANCE PVT.LTD.
|
|
|
|
IMPOSED PENALTY FROM 25-AUG-2020 Rs.21,77,200
10-MAR-2021
SUSPENDED REGISTRATION AS STOCK BROKER FROM 25-AUG-2020
|
SAT: SAT VIDE ITS ORDER DATED 10/03/2021 PARTLY ALLOWED THE APPEAL BY QUASHING THE DIRECTION OF SUSPENSION OF ONE DAY
|
| 40 |
|
|
SMIFS LTD.
|
|
|
ALLOWED AND FACILITATED NON-GENUINE TRADE TRANSACTIONS
|
IMPOSED PENALTY FROM 20-NOV-2023 Rs.28,87,000
29-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 29/02/2024 DIRECTED APPELLANT TO DEPOSIT RS.14.60 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF APPEAL. FURTHER, DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 05/09/2024 SOUGHT TWO WEEKS TO FILE REJOINDER
|
| 41 |
|
|
SOUTH GUJARAT SHARES & SHAREBROKERS LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
MISUTILISED CLIENTS FUNDS TO USED FOR MARGIN OBLIGATION TO DEBIT BALANCE AND PROPRIETARY TRADING
MADE INCORRECT REPORTING OF CLIENT LEVEL CASH AND CASH EQUIVALENT BALANCES
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IMPOSED PENALTY Rs.15,74,000
20-FEB-2023
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS
|
SAT: SAT VIDE ITS ORDER DATED 20/02/2023 DISMISSED THE APPEAL. NO COSTS
|
| 42 |
|
|
SPFL SECURITIES LTD.
|
|
|
PROMISED ASSURED RETURN TO CLIENTS/INVESTORS
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 23-JUN-2023 TO 22-SEP-2023Rs.10,88,300
23-JUN-2023
DIRECTED TO STOP ONBOARDING NEW CLIENTS AND AUTHORISED PERSON FROM 23-JUN-2023 TO 22-SEP-2023
DIRECTED TO CONDUCT CONCURRENT AUDIT AND SUBMIT A FORTNIGHTLY CERTIFICATETO CERTIFY CLIENTS ARE NOT BEING OFFERED ASSURED/FIXED RETURNS FROM 23-JUN-2023 TO 22-SEP-2023
DIRECTED TO SUBMIT DECLARATION FROM ALL ITS ACTIVE CLIENTS, UNDERTAKING THAT THE NOTICES DID NOT PROVIDE ANY ASSURED/FIXED RETURN SCHEMES TO CLIENTS DIRECTLY AND/OR THROUGH AUTHORISED PERSONS FROM 23-JUN-2023 TO 22-SEP-2023
DIRECTED TO ISSUE WEEKLY SMSS AND EMAILS TO ALL REGISTERED CLIENTS, NOT OFFERING ASSURED/FIXED RETURN SCHEMES FROM 23-JUN-2023 TO 22-SEP-2023
|
|
| 43 |
|
|
SUNSHINE STOCK BROKING PVT.LTD.
|
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 27-JUN-2020 Rs.99,18,800
29-OCT-2020
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JUN-2020
|
SAT: SAT VIDE ITS ORDER DATED 29/10/2020 ALLOWED THE APEAL AND SET ASIDED IMPUGNED ORDER DATED 27/06/2020AND REMANDED THE MATTER TO COMMITTEE TO DECIDE AFRESH
|
| 44 |
|
|
YES SECURITIES (INDIA) LTD.
|
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NSE
PASSED NEW PENALTY ON UPFRONT/PEAK MARGIN TO CLIENTS
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 26-MAY-2026 TO 25-AUG-2026Rs.2,00,000
26-MAY-2026
DIRECTED TO REFUND PENALTY PASSED ON TO ALL THE CLIENTS PERTAINING TO UPFRONT/PEAK MARGIN FROM 26-MAY-2026 TO 25-AUG-2026
DIRECTED TO SUBMIT AUDITOR'S CERTIFICATE CONFIRMING REFUNDS FROM 26-MAY-2026 TO 25-AUG-2026
PROHIBITED FROM ONBOARDING NEW CLIENTS FROM 26-MAY-2026 TO 25-AUG-2026
|
MEMBER COMMITTEE OF NSE VIDE ITS ORDER DATED 01/07/2026 LIFTED THE PROHIBITION IMPOSED ON ONBOARDING NEW CLIENTS WITH EFFECT FROM THE DATE OF THIS ORDER
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
