| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
INDIA MAX INVESTMENT FUND LTD.
(PAN:AABCI5500R)
|
|
|
DELAY IN COMPLIANCE WITH RESPECT TO GROUPING AND BREACH OF 10% INVESTMENT LIMIT VIOLATING REGULATIONS 23(1)(A), 23(1)(B), 23(1)(G), 23(3), CLAUSES (1), (2), (5) AND (6) OF III SCHEDULE READ WITH REGULATIONS 24 OF SEBI (FPI) REGULATIONS, 2014 READ WITH REGULATION 45(2) OF SEBI (FPI) REGULATIONS, 2019 IN MATTER OF STI INDIA LTD.
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-JUN-2021
|
|
| 22 |
|
|
JP MORGAN CHASE BANK,N.A.
(PAN:AAACT5545N)
|
|
|
ALLEGED FAILURE IN PREVENTING FIDELITY MANAGEMENT & RESEARCH CO.LLC (FMRC) FROM TRADING IN SECURITIES MARKET DESPITE KNOWING THAT FIDELITY INVESTMENTS MONEY MANAGEMENT INC. (FIMM) HAD MERGED INTO FMRC AND FMRC DID NOT HAVE VALID REGISTRATION
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.22,10,000 VIDE CONSENT ORDER)
07-JUL-2023
|
|
| 23 |
|
|
JP MORGAN CHASE BANK,N.A.
(PAN:AAACT5545N)
|
|
|
ALLEGED GRANTING CATEGORY II FPI LICENSES TO FOUR UK-BASED FPIS THAT WERE NOT REGISTERED OR REGULATED BY FINANCIAL CONDUCT AUTHORITY (UK-FCA) VIOLATING REGULATION 7(1) READ WITH 5(B) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014
ALLEGED RE-CATEGORIZED AS CATEGORY I WITHOUT IDENTIFYING THAT THEY WERE NOT REGULATED BY UK-FINANCIAL CONDUCT AUTHORITY (UK-FCA) VIOLATING REGULATION 5(A) READ WITH 45(2)(B) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014
ALLEGED FAILURE TO REASSESS ELIGIBILITY OF FPI AND DELAY IN OBTAINING FRESH REGISTRATION VIOLATING REGULATION 31(1)(A) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 READ WITH CLAUSE 14(II) OF PART A OF MASTER CIRCULAR DATED 30/05/2024 AS AMENDED BY SEBI CIRCULAR NO.SEBI/HO/AFD/AFD-POD-2/P/CIR/2024 DATED 05/06/2024
ALLEGED PERMITTING FPI TO CONTINUE MAKING ADDITIONAL PURCHASES EVEN AFTER BEING INFORMED OF A TYPE I MATERIAL CHANGE VIOLATING REGULATION 31(1)(A) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 READ WITH CLAUSE 14(II) OF PART A OF MASTER CIRCULAR DATED 30/05/2024 AS AMENDED BY SEBI CIRCULAR NO.SEBI/HO/AFD/AFD-POD-2/P/CIR/2024 DATED 05/06/2024
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.34,42,500 VIDE CONSENT ORDER)
20-MAR-2026
|
|
| 24 |
|
|
MERRILL LYNCH MARKETS SINGAPORE PTE LTD.
(PAN:AAJCM5878Q)
|
|
|
ALLEGED INCORRECT REPORTING OF OFFSHORE DERIVATIVE INSTRUMENTS (ODI) IN MONTHLY REPORTS VIOLATING REGULATION 21 OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND DIRECTIVES/INSTRUCTIONS/GUIDELINES DATED 05/11/2019
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,35,000 VIDE CONSENT ORDER)
26-JUL-2021
|
|
| 25 |
|
|
NEXPACT LTD.
(PAN:AAFCN0208F)
|
|
|
SHORT-TERM INVESTMENT IN GOVERNMENT SECURITIES CONSISTENTLY EXCEEDED PRESCRIBED LIMIT OF 30% OF TOTAL INVESTMENT VIOLATING REGULATION 20(5) OF (FPI) REGULATIONS, 2019 AND CLAUSE 9 OF PART C OF MASTER CIRCULAR ISSUED TO FPI AND DDPS DATED 19/12/2022 READ WITH RBI CIRCULAR RBI/2017-18/199 DATED 15/06/2018
|
IMPOSED PENALTY RS.20,00,000
24-FEB-2025
|
|
| 26 |
|
|
NOMURA SINGAPORE LTD.
(PAN:AADCN2750N)
|
|
|
ALLEGED INCORRECT REPORTING OF OFFSHORE DERIVATIVE INSTRUMENTS (ODI) IN MONTHLY REPORTS VIOLATING REGULATION 21 OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND DIRECTIVES/INSTRUCTIONS/GUIDELINES DATED 05/11/2019
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,35,000 VIDE CONSENT ORDER)
03-MAR-2021
|
|
| 27 |
|
|
PLUTUS TERRA INDIA FUND
(PAN:AAGCP0632E)
|
|
|
DELAY IN COMPLIANCE WITH RESPECT TO GROUPING AND BREACH OF 10% INVESTMENT LIMIT VIOLATING REGULATIONS 23(1)(A), 23(1)(B), 23(1)(G), 23(3), CLAUSES (1), (2), (5) AND (6) OF III SCHEDULE READ WITH REGULATIONS 24 OF SEBI (FPI) REGULATIONS, 2014 READ WITH REGULATION 45(2) OF SEBI (FPI) REGULATIONS, 2019 IN MATTER OF SATHAVAHANA ISPAT LTD.
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
24-SEP-2021
|
|
| 28 |
|
|
PRAGNYA FUND II
(PAN:AAHCP6164A)
|
|
|
DID NOT ADHERE TO SEBI PRESCRIBED LIMIT OF 30% FOR INVESTMENTS IN SHORT-TERM DEBT SECURITIES VIOLATING REGULATIONS 20(5) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND CLAUSE 9 OF PART C OF MASTER CIRCULAR FOR FPIS AND DDPS DATED 30/05/2024 WITH RBI CIRCULAR RBI/2017-18/199 DATED 15/06/2018 UPDATED UPTO 26/02/2021
|
IMPOSED PENALTY RS.2,00,000
04-FEB-2026
|
|
| 29 |
|
|
RASELLE CAPITAL VCC
(PAN:AALCR6438D)
|
|
|
ALLEGED VIOLATION OF REGULATION 22(1)(C) OF SEBI (FPI) REGULATIONS, 2019
ALLEGED VIOLATION OF CLAUSE 12 OF PART A OF MASTER CIRCULAR FOR FOREIGN PORTFOLIO INVESTORS AND DESIGNATED DEPOSITORY PARTICIPANTS (DDPS) DATED 19/12/2022
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,23,50,000 VIDE CONSENT ORDER)
02-JUL-2024
|
|
| 30 |
|
|
SAMENA SPECIAL SITUATIONS MAURITIUS
(PAN:AAOCS5502Q)
|
|
|
DELAY IN INTIMATING ADDITION OF SHARE CLASS III AND DELAY IN SUBMITTING NEW BENEFICIAL OWNER DECLARATIONS TO DESIGNATED DEPOSITORY PARTICIPANT VIOLATING REGULATION 22(1)(C) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 READ WITH CLAUSE 14(I) OF PART A OF MASTER CIRCULAR
MADE ADDITIONAL INVESTMENTS WITHOUT PROVIDING PRIOR INTIMATION OF BENEFICIAL OWNER DETAILS OF NEW SHARE CLASS III TO DESIGNATED DEPOSITORY PARTICIPANT VIOLATING CLAUSE 12(I) OF PART A OF MASTER CIRCULAR
|
IMPOSED PENALTY RS.2,00,000
09-DEC-2025
|
|
| 31 |
|
|
SBI-SG GLOBAL SECURITIES SERVICES PVT.LTD.
(PAN:AAMCS4727R)
|
|
|
ALLEGED INDULGENCE IN GRANTING REGISTRATION TO FOREIGN PORTFOLIO INVESTORS TO FOREIGN PORTFOLIO INVESTORS WITHOUT ASCERTAINING WHETHER SUCH APPLICANT WAS UNDER COMMON OWNERSHIP OR CONTROL TO FORM INVESTOR GROUP WITH ANY OTHER REGISTERED FOREIGN PORTFOLIO INVESTOR
ALLEGED OPERATION MANUAL DID NOT CONTAIN ANY PROCEDURES TO BE FOLLOWED BY NOTICE TO ASCERTAIN IF THE APPLICANT/FPI WAS IN COMMON CONTROL OR OWNERSHIP WITH ANY OTHER FPI REGISTERED WITH IT OR FORMS PART OF ANY INVESTOR GROUP
ALLEGED FAILURE TO MAINTAIN TRUE AND FAIR RECORDS (ELECTRONIC) FOR FOREIGN PORTFOLIO INVESTORS IN THE NSDL PORTAL
ALLEGED FAILURE TO PROCESS SURRENDER APPLICATIONS OF FOREIGN PORTFOLIO INVESTORS WITHIN STIPULATED TIMELINES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.29,25,000 VIDE CONSENT ORDER)
27-DEC-2024
|
|
| 32 |
|
|
SIXTEENTH STREET ASIAN GEMS FUND
(PAN:AAZCS3903L)
|
|
|
ALLEGED APPLICANT WAS CONTROLLED BY OVERSEAS CITIZEN OF INDIA VIOLATING REGULATION 4(C)(IV) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND CLAUSE 1(II)(C) UNDER PART A OF SEBI MASTER CIRCULAR
ALLEGED MAKING FRESH PURCHASES AND SALES OF SECURITIES FROM 01/01/2021 TO 07/08/2025 VIOLATING REGULATION 4(C)(IV) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND CLAUSE 1(II)(E) UNDER PARTA OF SEBI MASTER CIRCULAR
ALLEGED DELAY IN INFORMING DESIGNATED DEPOSITORY PARTICIPANT ABOUT RECEIVING OVERSEAS CITIZEN OF INDIA (OCI) CARD VIOLATING REGULATIONS 22(1)(B) AND22(1)(C) OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019 AND CLAUSE 14(I) UNDER PART A OF SEBI MASTER CIRCULAR AND PARA 3 OF SEBI CIRCULAR SEBI/HO/AFD/AFD-POD-2/P/CIR/2024/76 DATED 05/06/2024
ALLEGED MAKING INCORRECT STATEMENT IN ITS BENEFICIAL OWNER DECLARATION
DATED 24/06/2022, THAT NO OVERSEAS CITIZEN OF INDIA EXERCISED CONTROL OVER THE APPLICANT VIOLATING REGULATION 23 OF FPI REGULATIONS, 2019 AND CLAUSES 2 AND 6 OF CODE OF CONDUCT AS SPECIFIED IN THIRD SCHEDULE OF SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2019
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.72,87,500 VIDE CONSENT ORDER)
20-MAR-2026
|
|
| 33 |
|
|
STANDARD CHARTERED BANK
(PAN:AABCS4681D)
|
|
|
ALLEGED DELAY IN INTIMATING MATERIAL CHANGES IN BENEFICIAL OWNERSHIP TO SEBI IN RESPECT OF CERTAIN FOREIGN PORTFOLIO INVESTORS
ALLEGED DELAY IN PROCESSING OF INVESTOR GROUPING CHANGES AND IN CERTAIN CASES TAKING AS MUCH AS 19 TO 20 DAYS TO INTIMATE NSDL AFTER RECEIPT OF COMPLETE DOCUMENTS FROM FOREIGN PORTFOLIO INVESTORS
ALLEGED GRANTED EXEMPTIONS FROM GRANULAR DISCLOSURE REQUIREMENTS TO CERTAIN BENEFICIAL OWNERS OF FPIS WITHOUT ENSURING COMPLIANCE WITH APPLICABLE REGULATORY FRAMEWORK
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE TO ASCERTAIN INVESTOR GROUPING OF FPIS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.57,20,000 VIDE CONSENT ORDER)
17-MAR-2026
|
|
| 34 |
|
|
STOCK HOLDING CORP.OF INDIA LTD.
(PAN:AABCS1429B)
|
|
|
DID NOT MAINTAIN PROPER BOOKS OF ACCOUNTS, RECORDS AND DOCUMENTS
GRANTED REGISTRATION TO INELIGIBLE FOREIGN PORTFOLIO INVESTORS
DISCREPANCIES IN DESIGNATED DEPOSITORY PARTICIPANT MANUAL
DID NOT OBTAIN FIT AND PROPER DECLARATION FROM FOREIGN PORTFOLIO INVESTORS
DID NOT SEGREGATE ACTIVITIES
DID NOT MAINTAIN NECESSARY INFRASTRUCTURE
DELAY IN SUBMITTING MONTHLY FEES REPORT
DELAY IN FORWARDING AUDIT REPORT ON INTERNAL CONTROLS
|
IMPOSED PENALTY RS.16,00,000
29-NOV-2023
|
SAT: SAT VIDE ITS ORDER DATED 12/03/2024 ALLOWED THREE WEEKS TO FILE REPLY AND FILE REJOINDER THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 10/06/2024 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 35 |
|
|
WAAREE ENERGIES LTD.
(PAN:AAACA4043J)
|
|
|
ALLEGED FAILURE TO COMPLETE PERIOD OF THREE YEARS AS PROMOTER TO BE TREATED AS QUALIFYING PERSONS FOR ACQUISITION PURSUANT TO INTER-SE TRANSFER OF SHARES OF WAAREE RENEWABLE TECHNOLOGIES LTD. AS REQUIRED UNDER REGULATION 10(1)(A)(II) OF SAST REGULATIONS, 2011
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
02-JUL-2024
|
|
| 36 |
|
|
WILMINGTON TRUST COLLECTIVE INVESTMENT TRUST - LAZARD/WILMINGTON ACW EX-US EQUITY ADVANTAGE FUND
(PAN:AAATW5548H)
|
|
|
ALLEGED DELAY IN INTIMATING CHANGE IN REGULATORY STATUS, CATEGORY AND SUB-CATEGORY OF FOREIGN PORTFOLIO INVESTORS TO SEBI OR DESIGNATED DEPOSITORY PARTICIPANT
ALLEGED INDULGENCE IN MAKING FRESH PURCHASES BEFORE COMPLETION OF ADDITIONAL KNOW YOUR CLIENTS (KYC) REQUIREMENTS WITHOUT HOLDING A VALID REGISTRATION CERTIFICATE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.64,35,000 VIDE CONSENT ORDER)
21-NOV-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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