| S.No. |
ENTITY |
PERSON |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
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
|
|
| 2 |
|
|
ABHIPRA CAPITAL LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
SHORTFALL OF CLIENTS FUNDS AND SECURITIES
|
DIRECTED TO SUBMIT REPLY TO SHOW CAUSE NOTICE FROM 27-JAN-2022
27-JAN-2022
DIRECTED TO RECOUP SHORTFALL OF CLIENTS FUNDS AND SUBMIT DOCUMENTARY EVIDENCE TO STOCK EXCHANGE FROM 27-JAN-2022
DIRECTED TO SETTLE CLIENTS FUNDS AND SUBMIT DOCUMENTARY EVIDENCE TO STOCK EXCHANGE FROM 27-JAN-2022
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 27-JAN-2022
|
|
| 3 |
|
|
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
|
| 4 |
|
|
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
|
|
| 5 |
|
|
ANGEL ONE LTD.
|
|
|
DEFAULTED IN MAINTENANCE OF RECORD OF PLACEMENT OF ORDERS
DID NOT CANCEL THE REGISTRATION OF AUTHORISED PERSON UPON RECEIVING THE COMPLAINT
DID NOT ALERT INVESTORS IN THE LOCATION WHERE THE AUTHORISED PERSON OPERATES
DID NOT FILE POLICE COMPLAINT
|
WARNED & ADVISED TO COMPLY WITH APPLICABLE SECURITIES LAWS
29-JUN-2022
|
|
| 6 |
|
|
ARIHANT CAPITAL MARKETS LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT UPLOAD DAY-WISE CLIENT-LEVEL CASH AND CASH EQUIVALENT BALANCES AND BANK BALANCES OF ALL BANK ACCOUNTS WEEKLY TO STOCK EXCHANGE
DID NOT CREDIT CORRECTLY INTER-CORPORATE DEBT OF RS.3.75 CRORES TO AFCLS LEDGER
|
WARNED & ADVISED TO COMPLY WITH APPLICABLE SECURITIES LAWS
18-JUL-2022
|
|
| 7 |
|
|
ARTHA VRDDHI SECURITIES LTD.
|
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DID NOT RECONCILE SECURITIES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DEFAULTED IN MAINTENANCE OF RECORD OF PLACEMENT OF ORDERS
DID NOT MAINTAIN PROPER AND/OR COMPLETE CLIENT REGISTRATION FORMS
|
DIRECTED TO DISABLE TRADING TERMINALS
28-FEB-2022
DIRECTED TO RECOUP SHORTFALL IN NET WORTH
|
|
| 8 |
|
|
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
|
| 9 |
|
|
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
|
| 10 |
|
|
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
|
|
| 11 |
|
|
CONCUNSMART SHARES & STOCK BROKER PVT.LTD.
|
|
|
PROMISED ASSURED RETURN TO CLIENTS/INVESTORS
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DELAY IN SETTLEMENT OF CLIENTFS FUNDS AND/OR SECURITIES
DELAY IN ISSUANCE STATEMENT OF ACCOUNT AND RETENTION STATEMENTS TO CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
INCORRECT REPORTING FOR WEEKLY MONITORING OF CLIENT FUNDS
|
DIRECTED TO SUBMIT REPLY TO SHOW CAUSE NOTICE FROM 14-MAR-2022
14-MAR-2022
DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE TO SATISFACTION OF STOCK EXCHANGE IN SUPPORT OF CLAIMS THAT IT IS NOT PROVIDING ASSURED RETURNS TO CLIENTS FROM 14-MAR-2022
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 14-MAR-2022
|
|
| 12 |
|
|
DEALMONEY SECURITIES PVT.LTD.
|
|
|
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT ADHERE TO MEMBERSHIP REQUIREMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES
USED OF CLIENT BANK ACCOUNTS FOR PURPOSES OTHER THAN SPECIFIED
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
DID NOT RECONCILE SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DID NOT MAINTAIN PROPER AND/OR COMPLETE CLIENT REGISTRATION FORMS
|
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 21-MAR-2022
21-MAR-2022
DIRECTED TO RECOUP SHORTFALL IN NET WORTH FROM 21-MAR-2022
|
|
| 13 |
|
|
FNO INDIA SECURITIES PVT.LTD.
|
|
|
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER TO MULTIPLE CLIENTS
MAPPED SINGLE PERMANENT ACCOUNT NUMBER TO MULTIPLE CLIENTS
MAPPED SINGLE BANK ACCOUNT NUMBER TO MULTIPLE CLIENTS
RECORDS OF ACTIVE CLIENTS RECORDED IN NOTICEE'S BACK OFFICE BUT NOT AVAILABLE WITH STOCK EXCHANGE
MISMATCH IN PAN DETAILS BETWEEN BACK-OFFICE RECORDS AND STOCK EXCHANGE RECORDS
MISMATCHED IN EMAIL ID DETAILS BETWEEN BACK-OFFICE RECORDS AND STOCK EXCHANGE RECORDS
MAPPED MULTIPLE CLIENTS WITH SAME DATE OF BIRTH
MAPPED MULTIPLE CLIENTS WITH COMMON ADDRESS AND BANK ACCOUNT
MAPPED MULTIPLE CLIENTS WITH SIMILAR NAMES, LOCATION, BANK ACCOUNT NUMBERS AND EMAIL IDS BUT DIFFERENT PERMANENT ACCOUNT NUMBER
PERMITTED CLIENTS BELOW EIGHTEEN YEARS TO TRADE IN DERIVATIVES SEGMENT
PERMITTED CLIENTS ABOVE NINETY YEARS TO TRADE IN DERIVATIVES SEGMENT
|
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 20-FEB-2023
20-FEB-2023
DIRECTED TO DO RE-KYC OF NON-COMPLIANT CLIENT ACCOUNTS AND PROVIDE COMPLIANCE CERTIFICATE CERTIFIED BY CHARTERED ACCOUNTANT FROM 20-FEB-2023
|
|
| 14 |
|
|
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
|
|
| 15 |
|
|
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
|
|
| 16 |
|
|
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
|
| 17 |
|
|
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
|
| 18 |
|
|
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
|
| 19 |
|
|
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
|
|
| 20 |
|
|
LSC SECURITIES LTD.
|
|
|
PROMISED ASSURED RETURN TO CLIENTS/INVESTORS
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
DIRECTED TO STOP ONBOARDING NEW CLIENTS AND AUTHORISED PERSON FROM 21-JUN-2023 TO 20-SEP-2023
21-JUN-2023
DIRECTED TO CONDUCT CONCURRENT AUDIT AND SUBMIT A FORTNIGHTLY CERTIFICATETO CERTIFY CLIENTS ARE NOT BEING OFFERED ASSURED/FIXED RETURNS FROM 21-JUN-2023 TO 20-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 21-JUN-2023 TO 20-SEP-2023
DIRECTED TO ISSUE WEEKLY SMSS AND EMAILS TO ALL REGISTERED CLIENTS, NOT OFFERING ASSURED/FIXED RETURN SCHEMES FROM 21-JUN-2023 TO 20-SEP-2023
|
|
| 21 |
|
|
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
|
| 22 |
|
|
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
|
|
| 23 |
|
|
PROFITMART SECURITIES PVT.LTD.
|
|
|
ENGAGED IN BUSINESS OTHER THAN OF SECURITIES
PROVIDED MARGIN TRADING FACILITY IN UNAPPROVED SECURITIES
DID NOT SETTLE CLIENTS FUNDS AND/OR SECURITIES
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
DID NOT FURNISH INSPECTION REPORTS OF AUTHORISED PERSONS AND RECORDS OF OPERATIONS CARRIED OUT BY APS TO STOCK EXCHANGE
DID NOT MONITOR ACTIVITIES OF AUTHORISED PERSONS
|
DIRECTED TO SUBMIT REPLY TO SHOW CAUSE NOTICE FROM 12-JUL-2022
12-JUL-2022
DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE TO SATISFACTION OF STOCK EXCHANGE IN SUPPORT OF CLAIMS THAT IT IS NOT PROVIDING ASSURED RETURNS TO CLIENTS FROM 12-JUL-2022
PROHIBITED FROM REGISTERING NEW CLIENTS FROM 12-JUL-2022
PROHIBITED FROM ONBOARDING NEW AUTHORISED PERSONS FROM 12-JUL-2022
DIRECTED TO APPOINT EXTERNAL AUDITOR TO CONDUCT FORENSIC AUDIT WITH RESPECT TO ASSURED RETURNS PROVIDED BY NOTICEE AND/OR ITS AUTHORISED PERSON FROM 12-JUL-2022
|
|
| 24 |
|
|
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
|
|
| 25 |
|
|
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
|
| 26 |
|
|
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
|
| 27 |
|
|
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
|
| 28 |
|
|
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
|
|
| 29 |
|
|
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
|
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
|
| 30 |
|
|
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
|
|
| 31 |
|
|
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
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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
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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
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
