| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
HYDERABAD STOCK EXCHANGE LTD.,THE
|
|
|
DID NOT IMPLEMENT CORPORATISATION AND DEMUTUALISATION SCHEME
|
RECOGNITION OF STOCK EXCHANGE WITHDRAWN
29-AUG-2007
|
|
| 22 |
|
|
JAIPUR STOCK EXCHANGE LTD.
|
|
|
DELAY IN APPOINTMENT OF EXECUTIVE DIRECTOR WITHOUT ANY SUFFICIENT JUSTIFICATION AND FAILED TO ACT DILIGENTLY VIOLATING SEBI CIRCULAR BEARING NO.SMD/SED/6919/93 DATED APRIL 20, 1993
DID NOT TAKE PRIOR APPROVAL FROM SEBI FOR APPOINTMENT OF MR.C.P.MITTAL AS WHOLE TIME DIRECTOR VIOLATING SEBI CIRCULAR BEARING NO.CIR/MRD/DSA/SE/43/2010 DATED DECEMBER 31, 2010
AMENDED MEMORANDUM OF ASSOCIATION AND ADOPTED NEW ARTICLES OF ASSOCIATION WITHOUT GETTING APPROVAL FROM SEBI AND WITHOUT PUBLISHING THE SAME IN THE OFFICIAL GAZETTE OF CENTRAL GOVT AS REQUIRED UNDER SCRA ACT, 1956
|
WARNED & ADVISED TO COMPLY WITH APPLICABLE SECURITIES LAWS
11-SEP-2014
|
|
| 23 |
|
|
KAMALA K.
|
|
|
|
BANGALORE STOCK EXCHANGE LTD.
|
|
DID NOT FURNISH CORRECT INFORMATION WITH RESPECT TO THE ADHOC MARGINS IMPOSED BY THE EXCHANGE IN THE SCRIP OF HOME TRADE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
27-AUG-2003
|
|
| 24 |
|
|
KEYUR B.MEHTA
|
|
|
|
AHMEDABAD STOCK EXCHANGE LTD.
|
|
DID NOT RAISE VOICE AGAINST CONTRAVENTION IN AHMEDABAD STOCK EXCHANGE
|
WARNED TO BE MORE CAUTIOUS AND PERCEPTIVE IN DISCHARGE OF ITS REGULATORY DUTIES
DIRECTED GOVERNING BOARD OF STOCK EXCHANGE TO SUBMIT A COMPLIANCE REPORT WITH RESPECT TO OBSERVATIONS WHICH STILL HAVE NOT BEEN COMPLIED WITH
25-APR-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/02/2015 PERMITTED APPELLANTS TO MAKE PRESENTATION BEFORE SEBI WITHIN A PERIOD OF 4 WEEKS FROM THE DATE OF THIS ORDER. SEBI WOULD CONSIDER THE SAME SYMPATHETICALLY AND PASS APPROPRIATE ORDER. NO COSTS
|
| 25 |
|
|
KUSH BHARAT SHAH
|
|
|
|
AHMEDABAD STOCK EXCHANGE LTD.
|
|
DID NOT RAISE VOICE AGAINST CONTRAVENTION IN AHMEDABAD STOCK EXCHANGE
|
WARNED TO BE MORE CAUTIOUS AND PERCEPTIVE IN DISCHARGE OF ITS REGULATORY DUTIES
DIRECTED GOVERNING BOARD OF STOCK EXCHANGE TO SUBMIT A COMPLIANCE REPORT WITH RESPECT TO OBSERVATIONS WHICH STILL HAVE NOT BEEN COMPLIED WITH
25-APR-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/02/2015 PERMITTED APPELLANTS TO MAKE PRESENTATION BEFORE SEBI WITHIN A PERIOD OF 4 WEEKS FROM THE DATE OF THIS ORDER. SEBI WOULD CONSIDER THE SAME SYMPATHETICALLY AND PASS APPROPRIATE ORDER. NO COSTS
|
| 26 |
|
|
MADHYA PRADESH STOCK EXCHANGE LTD.
|
|
|
DID NOT MAINTAIN BASE MINIMUM CAPITAL
DID NOT COLLECT/RECOVER OUTSTANDING DUES FROM BROKERS
DID NOT CONDUCT INSPECTION OF SUBSIDIARY COMPANY/SUB-BROKERS
DID NOT APPOINT LISTING COMMITTEE
DID NOT MAINTAIN BASIC PLATFORM FOR TRADING AND SETTLEMENT SUCH AS CLEARING HOUSE, SEPARATE BANK ACCOUNT, SEPARATE DEMAT ACCOUNT, LICENSED AND TESTED TRADING SOFTWARE, PROPER MAN POWER ETC.
DID NOT SET UP INVESTOR PROTECTION FUND
|
DIRECTED STOCK EXCHANGE TO RECTIFY DEFICIENCIES MADE IN LAST INSPECTION REPORT AND PUT IN PLACE BASIC SYSTEMS REQUIRED TO PERFORM AS RECOGNIZED STOCK EXCHANGE WITHIN 3 MONTHS FROM THE DATE OF ORDER
18-FEB-2008
|
|
| 27 |
|
|
MAGADH STOCK EXCHANGE ASSOCIATION LTD.
|
|
|
|
CHINTA MANI PANDEY
|
|
ACTED ILLEGALLY AS A STOCK EXCHANGE WITHOUT HAVING PROPER RECOGNITION
ALLOWED TRADING WITHOUT OBTAINING APPROVAL OF MAGADH STOCK EXCHANGE ASSOCIATION LTD.
|
DIRECTED NOT TO ASSIST, REGULATE OR CONTROL DEALINGS IN SECURITIES IN ANY MANNER FROM 19-AUG-2005 TILL FURTHER ORDER
SUSPENDED FROM ACTING IN ANY CAPACITY IN STOCK EXCHANGE OR IN ANY OTHER INSTITUTION RELATED WITH THE SECURITIES MARKET FROM 19-AUG-2005 TILL FURTHER ORDER
19-AUG-2005
|
|
| 28 |
|
|
MAGADH STOCK EXCHANGE ASSOCIATION LTD.
|
|
|
|
BINOD JHUNJHUNWALA
|
|
|
GOPAL KUMAR
|
|
VIOLATED SECTION 11 (C) 6 OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
31-MAR-2010
|
DISMISSED
|
| 29 |
|
|
MAGADH STOCK EXCHANGE ASSOCIATION LTD.
|
|
|
DID NOT SET UP INVESTOR PROTECTION FUND
DID NOT INSPECT BOOKS OF ACCOUNTS OF ITS MEMBERS
SUB-BROKERS DID NOT PAY ANNUAL REGISTRATION FEE
SUBSIDIARY DID NOT PAY LEASE RENTAL
DID NOT RECOVER DUES LEADING TO DRAIN OF EXCHANGE’S RESOURCES
DID NOT REFUND REFUNDABLE FINANCIAL SUPPORT GRANTED BY SEBI
DID NOT PROVIDE SUBSIDY TO MEMBERS TRADING THROUGH ISE SERVICES LTD.
DID NOT TRANSFER 50% OF INTEREST EARNED ON 1% SECURITY DEPOSIT TO INVESTOR PROTECTION FUND
COMMENCED TRADING WITHOUT SETTING UP OF SETTLEMENT GUARANTEE FUND/TRADE GUARANTEE FUND
DID NOT ADHERE TO CORPORATISATION & DEMUTUALIZATION SCHEME
FAILED TO APPOINT EXECUTIVE DIRECTOR AT THE EXCHANGE
DID NOT MAINTAIN STIPULATED MINIMUM BMC
|
REJECTED APPLICATION FOR RENEWAL OF RECOGNITION AS STOCK EXCHANGE
DIRECTED TO REFRAIN FROM TRANSFERRING OR ALIENATING ANY MOVABLE OR IMMOVABLE PROPERTY OF EXCHANGE
DIRECTED TO TRANSFER MONEY AVAILABLE IN INVESTOR PROTECTION FUND AND INVESTOR SERVICES FUND LYING UNUTILIZED TO SEBI INVESTOR PROTECTION AND EDUCATION FUND
DIRECTED TO SET ASIDE SUFFICIENT FUNDS TO PROVIDE SETTLEMENT OF ANY CLAIMS
TRADING MEMBERS SHALL CEASE TO BE TRADING MEMBERS
DIRECTED TO REFRAIN FROM USING THE EXPRESSION “STOCK EXCHANGE” OR ANY VARIANT IN ITS NAME OR SUBSIDIARY COMPANY’S NAME
DIRECTED TO PAY BALANCE AMOUNT OF REFUNDABLE FINANCIAL SUPPORT GRANTED BY SEBI
30-AUG-2007
|
SAT: APPEAL DISMISSED, LEAVING PARTIES TO BEAR OWN COSTS
|
| 30 |
|
|
MANGALORE STOCK EXCHANGE LTD.
|
|
|
|
ASHISH PARIKH
|
|
|
NAMITHA W.PAIS
|
|
|
T.MALLIKARJUNAPPA
|
|
DID NOT ADHERE TO STATED INVESTMENT POLICY/DIRECTIVES/INSTRUCTIONS/GUIDELINES OF THE EXCHANGE
DRAIN ON EXCHANGE'S RESOURCES
DID NOT RECTIFY LACUNAE IN TRADING SOFTWARE
FAILED TO APPOINT EXECUTIVE DIRECTOR AT THE EXCHANGE
HUGE GAP BETWEEN RESOURCES CURRENTLY AVAILABLE AND REQUIREMENTS IN TERMS OF MANPOWER, MATERIAL ETC, TO FUNCTION AS STOCK EXCHANGE
LAPSES IN BASIC FUNCTIONS AND INSTANCES OF NON-INITIATION OF EFFECTIVE STEPS FOR THE GENERAL FUNCTIONING AND ADMINISTRATION OF THE EXCHANGE IN TERMS OF THE PROVISIONS OF SEBI DIRECTIVES, CIRCULARS, SC(R)A AND THE SC(R)R
WEAK OPERATIONAL MANAGEMENT
MISUSE OF POSITION BY ELECTED DIRECTORS
|
REJECTED APPLICATION FOR RENEWAL OF RECOGNITION AS STOCK EXCHANGE
31-AUG-2004
|
SAT: APPEAL MAINTAINABLE
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 03/03/2014 ALLOWED THE EXIT OF MANGALORE STOCK EXCHANGE AS A STOCK EXCHANGE SUBJECT TO FULLFILMENT OF CERTAIN DIRECTIONS AS PER ORDER
|
| 31 |
|
|
MCX STOCK EXCHANGE LTD.
|
|
|
APPLIED TO SEEK PERMISSION TO DEAL IN INTEREST RATE DERIVATIVES, EQUITY, FUTURES & OPTIONS ON EQUITY AND WHOLESALE DEBT SEGMENTS AND ALL OTHER SEGMENTS PERMITTED TO BSE AND NSE AND ALSO FOR SME EXCHANGE AS AN ADDITIONAL SEGMENT WITHIN ITSELF
|
REJECTED APPLICATION FILED TO SEEK PERMISSION TO DEAL IN EQUITY, DEBT AND OTHER SEGMENTS
23-SEP-2010
|
SEBI GRANTED PERMISSION ON 10TH JULY, 2012 TO DEAL IN ALL SEGMENTS AS SOUGHT
|
| 32 |
|
|
MULTI COMMODITY EXCHANGE CLEARING CORP.LTD.
(PAN:AAFCM9108B)
|
|
|
ALLEGED BLOCKING OF HIGHEST MARGIN SHORTFALL INSTEAD OF CUMULATIVE MARGIN SHORTFALL FROM DEPOSITS OF CLEARING MEMBER VIOLATING CIRCULAR DATED 01/09/2016 READ WITH MASTER CIRCULARS DATED 04/08/2023 AND REGULATION 7(4)(B) OF SEBI (SECC) REGULATIONS, 2018
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,70,00,000 VIDE CONSENT ORDER)
01-APR-2025
|
|
| 33 |
|
|
MULTI COMMODITY EXCHANGE OF INDIA LTD.
(CIN:L51909MH2002PLC135594
PAN:AADCM8239K)
|
|
|
DID NOT DETECT IRREGULARITIES DURING ON-SITE/OFF-SITE SUPERVISION OF TRADING MEMBERS
DID NOT HAVE NECESSARY SYSTEM BASED VALIDATIONS/ALERTS WHILE UPLOADING CLIENT INFORMATION IN UCC DATABASE
|
IMPOSED PENALTY RS.6,00,000
28-FEB-2023
|
SAT: SAT VIDE ITS ORDER DATED 06/12/2023 CONDONED THE DELAY IN FILING OF REPLY AND REPLY TAKEN ON RECORD
|
| 34 |
|
|
MULTI COMMODITY EXCHANGE OF INDIA LTD.
(CIN:L51909MH2002PLC135594
PAN:AADCM8239K)
|
|
|
DID NOT TAKE PRIOR APPROVAL FOR PAYMENTS MADE TO PSEB FOR DEVELOPMENT OF SOFTWARE FOR SPOT TRADING VIOLATING REGULATION 38(2) OF SEBI (SECC) REGULATIONS, 2018 READ WITH REGULATION 41(3) OF SEBI (SECC) REGULATIONS, 2012
|
IMPOSED PENALTY RS.2,00,000
04-JAN-2023
|
SAT: SAT VIDE ITS ORDER DATED 05/12/2024 DISMISSED THE APPEAL. NO COSTS
|
| 35 |
|
|
MULTI COMMODITY EXCHANGE OF INDIA LTD.
(CIN:L51909MH2002PLC135594
PAN:AADCM8239K)
|
|
|
DID NOT MAKE DISCLOSURES WITH REGARD TO PAYMENTS MADE TO 63 MOONS TECHNOLOGIES LTD. (FORMERLY KNOWN AS FINANCIAL TECHNOLOGIES INDIA LTD.) FOR SOFTWARE SERVICES FOR ITS TRADING & CLEARING PLATFORM VIOLATING REGULATIONS 30(12) READ WITH 4(1)(D), 4(1)(E) AND 4(1)(I) OF SEBI (LODR) REGULATIONS, 2015 READ WITH REGULATION 33(1) OF SEBI (SECC) REGULATIONS, 2018
|
IMPOSED PENALTY RS.25,00,000
26-MAY-2025
|
|
| 36 |
|
|
NAMITHA W.PAIS
|
|
|
|
MANGALORE STOCK EXCHANGE LTD.
|
|
DID NOT ADHERE TO STATED INVESTMENT POLICY/DIRECTIVES/INSTRUCTIONS/GUIDELINES OF THE EXCHANGE
DRAIN ON EXCHANGE'S RESOURCES
DID NOT RECTIFY LACUNAE IN TRADING SOFTWARE
FAILED TO APPOINT EXECUTIVE DIRECTOR AT THE EXCHANGE
HUGE GAP BETWEEN RESOURCES CURRENTLY AVAILABLE AND REQUIREMENTS IN TERMS OF MANPOWER, MATERIAL ETC, TO FUNCTION AS STOCK EXCHANGE
LAPSES IN BASIC FUNCTIONS AND INSTANCES OF NON-INITIATION OF EFFECTIVE STEPS FOR THE GENERAL FUNCTIONING AND ADMINISTRATION OF THE EXCHANGE IN TERMS OF THE PROVISIONS OF SEBI DIRECTIVES, CIRCULARS, SC(R)A AND THE SC(R)R
WEAK OPERATIONAL MANAGEMENT
MISUSE OF POSITION BY ELECTED DIRECTORS
|
REJECTED APPLICATION FOR RENEWAL OF RECOGNITION AS STOCK EXCHANGE
31-AUG-2004
|
SAT: APPEAL MAINTAINABLE
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 03/03/2014 ALLOWED THE EXIT OF MANGALORE STOCK EXCHANGE AS A STOCK EXCHANGE SUBJECT TO FULLFILMENT OF CERTAIN DIRECTIONS AS PER ORDER
|
| 37 |
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
(PAN:AAACN1797L)
|
|
|
ALLEGED FAILURE IN OBTAINING RENEWAL OF APPROVAL FROM SEBI AS STRAIGHT THROUGH PROCESSING (STP) SERVICE PROVIDERS VIOLATING CLAUSES 3(1), 4(1)(I), 6(1)(I) AND 6(1)(II) OF SEBI (STP CENTRALIZED HUB AND STP SERVICES PROVIDERS) GUIDELINES, 2004
ALLEGED FAILURE IN ENSURING THAT ITS STRAIGHT THROUGH PROCESSING (STP) SERVICE PROVIDERS WERE HAVING VALID APPROVAL VIOLATING CLAUSES 3(1), 4(1)(I), 6(1)(I) AND 6(1)(II) OF SEBI (STP CENTRALIZED HUB AND STP SERVICES PROVIDERS) GUIDELINES, 2004
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,87,50,000 VIDE CONSENT ORDER)
29-DEC-2021
|
|
| 38 |
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
(PAN:AAACN1797L)
|
|
|
ALLEGED FAILURE TO CARRY OUT OBLIGATION OF SAFEKEEPING TRADE RELATED DATA AND PREVENTING UNAUTHORIZED USAGE OF PROPRIETARY, MEMBER-RELATED AND POTENTIALLY MARKET SENSITIVE INFORMATION
ALLEGED INTERNAL COMMITTEE WAS GIVEN THE AUTHORITY TO WAIVE OFF PENALTY AMOUNT IMPOSED UNDER MEMBER AND CORE SETTLEMENT GUARANTEE FUND COMMITTEE (MCSGFC) POLICY WITHOUT OBTAINING PRIOR APPROVAL FROM (MCSGFC)
ALLEGED CLIENT CODE MODIFICATIONS PERMITTED FOR TRADES BETWEEN TWO UNRELATED INSTITUTIONAL CLIENTS WITHOUT ANY DUE DILIGENCE VIZ. WITHOUT VERIFYING GENUINENESS AND WITHOUT PENALIZATION
- ALLEGED NO POLICY IN PLACE WITH RESPECT TO DEFINING BROKERS AS FREQUENT MODIFIERS AND THEREBY NO ACTION WAS TRIGGERED IN RESPECT OF ANY SUCH BROKERS AS OTHERWISE MANDATED BY SEBI
ALLEGED FAILURE TO FORMULATE POLICY FOR CARRYING OUT REVIEW OF ERROR TRADES AND FREQUENCY OF SUCH REVIEWS
ALLEGED FAILURE TO ENSURE PROPER MECHANISM FOR PERFORMING DUE DILIGENCE TO VERIFY GENUINENESS OF CLIENT CODE MODIFICATIONS
ALLEGED OUTSOURCE AND SHARING CONFIDENTIAL, PRICE SENSITIVE INFORMATION OF LISTED COMPANIES WITH NSE DATA AND ANALYTICS LTD. FOR ONWARD DISTRIBUTION TO A THIRD-PARTY VENDOR WITHOUT HAVING ANY LEGALLY BINDING AGREEMENT
ALLEGED SYSTEM ARCHITECTURE ENABLED TO SEND UNPUBLISHED PRICE SENSITIVE CORPORATE ANNOUNCEMENT TO CLIENTS OF NSE DATA AND ANALYTICS LTD. PRIOR TO HOSTING THE SAME ON ITS WEBSITE VIOLATING REGULATION 3 OF SEBI (PIT) REGULATIONS, 2015
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.40,35,00,000 VIDE CONSENT ORDER)
31-JUL-2025
|
|
| 39 |
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
(PAN:AAACN1797L)
|
|
|
|
CHITRA RAMKRISHNA
PAN:ABVPR7353M
|
|
|
RAVI NARAIN
PAN:AAYPN8382Q
|
|
FAILED TO ENSURE FAIR, TRANSPARENT AND EQUITABLE ACCESS TO ALL TRADING MEMBERS IN RESPECT OF THE CO-LOCATION FACILITY, VIOLATING REGULATION 41(2) OF SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012
VIOLATED CLAUSE 4(I) OF SEBI CIRCULAR DATED 30/03/2012
|
IMPOSED PENALTY RS.1,00,00,000
10-FEB-2021
|
SAT: SAT VIDE ITS ORDER DATED 12/07/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 10/02/2021
|
| 40 |
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
(PAN:AAACN1797L)
|
|
|
FAILED TO ENSURE FAIR, TRANSPARENT AND EQUITABLE ACCESS TO ALL TRADING MEMBERS IN RESPECT OF THE CO-LOCATION FACILITY, VIOLATING REGULATION 41(2) OF SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012
|
DIRECTED NSE TO DISGORGE RS.624.89 CRORES ALONG WITH INTEREST @12% PER ANNUM FROM 01/04/2014 ONWARDS TO IPEF WITHIN 45 DAYS FROM THE DATE OF THIS ORDER
PROHIBITED NSE FROM ACCESSING SECURITIES MARKET DIRECTLY OR INDIRECTLY FROM 30-APR-2019 TO 29-OCT-2019
DIRECTED NSE TO CARRY OUT SYSTEM AUDIT AT FREQUENT INTERVALS, AFTER THOROUGH APPRAISAL OF TECHNOLOGICAL CHANGES INTRODUCED FROM TIME TO TIME
DIRECTED NSE TO RECONSTITUTE ITS STANDING COMMITTEE ON TECHNOLOGY AT REGULAR INTERVALS TO TAKE STOCK OF TECHNOLOGICAL ISSUES AND FRAME CLEAR POLICY ON ADMINISTERING WHISTLE BLOWER COMPLAINTS
DIRECTED NSE TO INITIATE ENQUIRY UNDER ITS EMPLOYEES REGULATIONS AGAINST MR.MAHESH SOPARKAR AND MR.DEVIPRASAD SINGH AND SUBMIT REPORT TO SEBI WITHIN SIX MONTH FROM DATE OF THIS ORDER
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 06/06/2019 REJECTED MISC. APPLICATION AND ALLOWED A WEEKS’S FURTHER TIME TO COMPLY WITH THE ORDER DATED 22/05/2019
SAT: SAT VIDE ITS ORDER DATED 17/05/2021 DISPOSED OFF THE APPEAL BY DIRECTING APPELLANT TO TRANSFER RS.420 CRORES TO SEBI AND DIRECTED REGISTRY TO ISSUE NOTICE TO ALL THE PARITIES WITHIN A WEEK FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE DIRECTIONS TO DISGORGE RS.15.57 CRORE ALONG WITH INTEREST @12% P.A. FROM 07/04/2014 ONWARDS AND MATTER REMITTED TO WTM TO DECIDE THE QUANTUM OF DISGORGEMENT AFRESH WITHIN FOUR MONTHS FROM DATE OF THIS ORDER. IN ADDITION DIRECTED WTM TO CONSIDER THE CHARGE OF CONNIVANCE AND COLLUSION OF OPG SECURITIES LTD. AND ITS DIRECTORS WITH ANY EMPLOYEE/OFFICIALS OF NSE.
SAT: SAT VIDE ITS ORDER DATED 09/06/2023 ALLOWED THE APPLICATION AND DIRECTED WTM TO DECIDE THE MATTER AS PER SAT ORDER DATED 23/01/2023 WITHIN SIX MONTHS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/12/2023 DIRECTED RESPONDENT FURTHER FOUR MONTHS TO COMPLETE PROCEEDINGS
SAT: SAT VIDE ITS ORDER DATED 08/03/2024 DIRECTED SEBI TO GIVE FINAL OPPORTUNITY OF INSPECTION OF DOCUMENTS AND CROSS-EXAMINATION OF WITNESSES TO APPELLANTS. DIRECTED APPELLANTS TO APPEAR BEFORE WTM ON 15/03/2024 ON WHICH DATE THE APPELLANTS WILL BE PROVIDED FINAL OPPORTUNITY OF CROSS-EXAMINATION AND INSPECTION
SAT: SAT VIDE ITS ORDER DATED 15/03/2024 ACCEPTED PRAYER OF THE APPLICANT AND SCHEDULE LAID DOWN IS MODIFIED AS A) CROSS-EXAMINATION OF ORIGINAL APPELLANTS/OPG SECURITIES PVT.LTD. MAY TAKE PLACE FOR THREE HOURS EACH DAY UPTO SEVEN DAYS ON ANY DAYS BETWEEN 09/04/2024 TO 22/04/2024 B) FINAL HEARING BEFORE WTM MAY TAKE PLACE BETWEEN 01/05/2024 TO 10/05/2024 C) SEBI GIVEN TIME UPTO 30/06/2024 TO COMPLETE PROCEEDINGS INITIATED PURSUANT TO THE DIRECTION OF THIS TRIBUNAL IN PARA 266(G) TO (I) OF ORDER DATED 23/01/2023 IN APPEAL NO.184 OF 2019
SAT: SAT VIDE ITS ORDER DATED 24/06/2024 DISMISSED THE APPEAL. DIRECTED SEBI TO GRANT TWO DAYS TO APPELLANT TO COMPLETE THE SUBMISSIONS WITHIN OUTER LIMIT OF TWO WEEKS FROM DATE OF THIS ORDER. GRANTED APPELLANTS TWO WEEKS AFTER CONCLUSION OF HEARING TO FILE THEIR WRITTEN SUBMISSION AND SEBI TO PASS FINAL ORDER WITHIN EIGHT WEEKS THEREFROM
SEBI VIDE ITS ORDER DATED 13/09/2024 DISPOSE OF THE PROCEEDINGS WITHOUT ANY DIRECTION COMPLIANCE WITH SAT ORDERS DATED 23/01/2023, 09/06/2023, 01/12/2023, 08/03/2024, 15/03/2024, 15/05/2024 AND 24/06/2024
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