| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
NILESH TINAIKAR
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 22 |
|
|
OM PRAKASH GUPTA
(PAN:AAHPG3048B)
|
|
|
|
GKN SECURITIES
PAN:AAHFG6629C
(Member : NSE)
|
|
GKN SECURITIES DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED GKN TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 23 |
|
|
PRASHANTH D’SOUZA
(PAN:AHUPD1548H)
|
|
|
|
SAMPARK INFOTAINMENT PVT.LTD.
PAN:AAMCS0946C
|
|
ACTIVELY COLLUDED WITH WAY2WEALTH BROKERS PVT.LTD. AND NSE TO PROVIDE P2P CONNECTIVITY IN UNAUTHORIZED AND IRREGULAR MANNER TO HELP AND INDUCE THEM IN DEALING IN SECURITIES MARKET VIOLATING REGULATION 3(D) READ WITH 4(1) OF PFUTP REGULATIONS, 2003 READ WITH SECTION 12 (A) (C) OF SEBI ACT, 1992
|
DIRECTED NOT TO OFFER, DIRECTLY OR INDIRECTLY, ANY NEW TELECOM SERVICES IN ANY MANNER TO ANY OF THE STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR ANY INTERMEDIARY REGISTERED WITH SEBI OR THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
DIRECTED NOT TO BE ASSOCIATED WITH ANY TELECOM SERVICE PROVIDER, IN ANY MANNER, PROVIDING SERVICES TO ANY OF THE STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR ANY INTERMEDIARY REGISTERED WITH SEBI, OR THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 02/01/2023 REJECTED THE APPLICATION FOR DELAY OF CONDONATION.NO COSTS
|
| 24 |
|
|
PRASHANTH D’SOUZA
(PAN:AHUPD1548H)
|
|
|
|
SAMPARK INFOTAINMENT PVT.LTD.
PAN:AAMCS0946C
|
|
ACTIVELY COLLUDED WITH WAY2WEALTH BROKERS PVT.LTD. AND NSE TO PROVIDE P2P CONNECTIVITY IN UNAUTHORIZED AND IRREGULAR MANNER TO HELP AND INDUCE THEM IN DEALING IN SECURITIES MARKET VIOLATING REGULATION 3(D) READ WITH 4(1) OF PFUTP REGULATIONS, 2003 READ WITH SECTION 12 (A) (C) OF SEBI ACT, 1992
FURNISHED FALSE AND MISLEAD INFORMATION ON OATH
|
IMPOSED PENALTY RS.10,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 PARTLY ALLOWED THE APPEAL BY QUASHING PENALTY OF RS 3 CRORE FOR VIOLATION UNDER REGULATIONS 3 AND 4 OF PFUTP REGULATIONS AND PAY PENALTY AMOUNT TO RS.10 LAC U/S 15HB OF SEBI ACT
|
| 25 |
|
|
R.NANDAKUMAR
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 26 |
|
|
RAHUL GUPTA
(PAN:AAHPG6987B)
|
|
|
|
GKN SECURITIES
PAN:AAHFG6629C
(Member : NSE)
|
|
GKN SECURITIES DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED GKN TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 27 |
|
|
RAVI NARAIN
(PAN:AAYPN8382Q)
|
|
|
|
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 TO DISGORGE 25% OF SALARY DRAWN FOR FY.2010-11 TO 2012-13 TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER
PROHIBITED FROM ASSOCIATING WITH ANY LISTED COMPANY OR MARKET INFRASTRUCTURE INSTITUTION OR ANY OTHER MARKET INTERMEDIARY FROM 30-APR-2019 TO 29-APR-2024
30-APR-2019
|
SEBI VIDE ITS ORDER DATED 16/01/2020 EXONERATED NOTICEE FROM THE ALLEGATIONS CHARGED VIDE ITS OREDER DATED 30/04/2019 AS VIOLATION OF REGULATION 26(2) OF SECC REGULATIONS READ WITH PART B OF SCHEDULE II OF SECC REGULATIONS AND SEBI MASTER CIRCULAR NOT ESTABLISHED
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE THE DIRECTIONS TO DISGORGE 25% OF THE SALARY AND SET ASIDE ORDER OF PROHIBITION FROM ASSOCIATING WITH ANY LISTED COMPANY OR A MARKET INFRASTRUCTURE INSTITUTION OR ANY OTHER MARKET INTERMEDIARY AND SUBSTITUTED FOR THE PERIOD UNDERGONE BY THEM
|
| 28 |
|
|
RAVI NARAIN
(PAN:AAYPN8382Q)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
FAILED TO ADMINISTER THE STOCK EXCHANGE WITH PROFESSIONAL COMPETENCE, FAIRNESS, IMPARTIALITY, EFFICIENCY AND EFFECTIVENESS, DID NOT MAINTAIN HIGHEST STANDARDS OF PERSONAL INTEGRITY, TRUTHFULNESS, HONESTY AND FORTITUDE IN DISCHARGING THEIR DUTIES AND ENGAGED IN ACTS DISCREDITABLE TO THEIR RESPONSIBILITIES ETC. VIOLATING CLAUSES V(B), (E), (F) AND (G) OF CODE OF CONDUCT AS SPECIFIED UNDER PART A OF SCHEDULE II READ WITH REGULATION 26(1) OF SEBI (SECC) REGULATIONS, 2012
DID NOT MAINTAIN APPROPRIATE CONDUCT, PUTTING THE REPUTATION OF STOCK EXCHANGE IN JEOPARDY BY IGNORING VARIOUS IRREGULARITIES OF MS.CHITRA RAMKRISHNA VIOLATING CLAUSE III(C), (E) AND (F) OF CODE OF ETHICS AS SPECIFIED UNDER PART B OF SCHEDULE II READ WITH REGULATION 26(2) OF SEBI (SECC) REGULATIONS, 2012
MADE INCORRECT AND MISLEADING STATEMENT TO SEBI THAT HE DID NOT HAVE ANY ROLE IN APPOINTMENT AND SELECTION OF MR.ANAND SUBRAMANIAN VIOLATING SECTION 6(4) OF SCRA, 1956
|
RESTRAINED FROM ASSOCIATING WITH ANY MARKET INFRASTRUCTURE INSTITUTION OR ANY INTERMEDIARY REGISTERED WITH SEBI
IMPOSED PENALTY RS.2,00,00,000
11-FEB-2022
|
SEBI VIDE ITS NOTICE DATED 21/04/2022 DIRECTED TO PAY RS.2,06,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 05/05/2022 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER ON OR BEFORE NEXT DATE. DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND DEPOSIT AMOUNT TO BE KEPT IN INTEREST BEARING ACCOUNT. EFFECT AND OPERATION OF THE IMPUGNED ORDER INSOFAR RELATED TO APPELLANT TO REMAIN STAYED PROVIDED THE APPELLANT DEPOSITED RS 50 LACS BEFORE SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 29 |
|
|
RAVI NARAIN
(PAN:AAYPN8382Q)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
DID NOT ADHERE TO PART A AND PART B OF SCHEDULE II OF (SECC) REGULATIONS READ WITH REGULATIONS 26(1) AND 26(2) OF SEBI (SECC) REGULATIONS AND CLAUSE 3.8.1 OF SEBI MASTER CIRCULAR DATED 31/12/2010
|
IMPOSED PENALTY RS.25,00,000
10-FEB-2021
|
SAT: SAT VIDE ITS ORDER DATED 21/04/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. IN THE MEANTIME, THE EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN IN ABEYANCE DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 30/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER
|
| 30 |
|
|
RAVI VARANASI
(PAN:AACPV0930C)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
VIOLATED PART B OF SCHEDULE II OF SECC REGULATIONS, 2012 READ WITH REGULATION 26(2) OF SECC REGULATIONS, 2012 READ WITH SEBI MASTER CIRCULAR DATED 31/12/2010
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH A COMPANY LISTED IN ANY OF THE STOCK EXCHANGE RECOGNIZED BY SEBI FROM 30-APR-2019 TO 29-APR-2022
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 31 |
|
|
RAVI VARANASI
(PAN:AACPV0930C)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
VIOLATED PART B OF SCHEDULE II OF SECC REGULATIONS, 2012 READ WITH REGULATION 26(2) OF SECC REGULATIONS, 2012 READ WITH SEBI MASTER CIRCULAR DATED 31/12/2010
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 32 |
|
|
RAVI VARANASI
(PAN:AACPV0930C)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
VIOLATED PRINCIPAL OF TRANSPARENCY BY ADOPTING MODE OF COMMUNICATION FOR MAKING CHANGES TO EXISTING CIRCULARS
DID NOT HAVE TRANSPARENT POLICY TO CONDUCTDUE DILIGENCE OF SERVICE PROVIDERS AT THE TIME OF ALLOWING P2P CONNECTIVITY AND AT THE TIME OF GRANTING PERMISSION TO SAMPARK TO PLACE INFRASTRUCTURE IN NSE MMR
DENIED MILLENNIUM STOCK BROKING PVT.LTD. TO AVAIL P2P CONNECTIVITY OF SAMPARK BY INSTALLING MUX DIRECTLY IN ITS RACK WHILE OTHER MEMBERS (WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES) AVAILED THE SAME BENEFIT
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
IMPOSED PENALTY RS.4,05,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.5 LAC FROM RS.1 CRORE U/S 15HB OF SEBI ACT. AND QUASHED PENALTY AMOUNT OF UNDER SECTIONS 15HA OF SEBI ACT. AND 23H OF SCRA
|
| 33 |
|
|
SAKET BHANSALI
(PAN:AAVPB9932H)
|
|
|
|
METROPOLITAN STOCK EXCHANGE OF INDIA LTD.
PAN:AAFCM6942F
|
|
DID NOT DESIGNATE A FEW EMPLOYEES AS KEY MANAGEMENT PERSONNEL (KMP) AND GAVE CLEAN CHIT TO MR.KUNDAN ZAMVAR AND MR.KUNAL SANGHAVI EVEN AFTER KNOWING FACT THAT THEIR NAMES WERE HIGHLIGHTED IN ANOMALIES
|
IMPOSED PENALTY RS.2,00,000
31-JUL-2023
|
SAT: SAT VIDE ITS ORDER DATED 06/09/2023 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS. DIRECTED APPELLANT TO DEPOSIT RS.10 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND STAYED EFFECT AND OPERATION OF IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 24/10/2024 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 31/07/2023
|
| 34 |
|
|
SONALI GUPTA
(PAN:AAEPC1340F)
|
|
|
|
GKN SECURITIES
PAN:AAHFG6629C
(Member : NSE)
|
|
GKN SECURITIES DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED GKN TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 35 |
|
|
UDAI KUMAR
(PAN:AAJPK0195K)
|
|
|
UNAUTHORIZED UTILIZATION OF EXCHANGE FUND FOR MARKET MAKING IN CURRENCY DERIVATIVES SEGMENT
|
RESTRAINED FROM ASSOCIATING WITH ANY MARKET INFRASTRUCTURE INSTITUTION OR ANY INTERMEDIARY REGISTERED WITH SEBI
25-NOV-2022
|
|
| 36 |
|
|
UMESH JAIN
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN DISCONTINUATION OF TRADING ACCESS POINT (TAP) AND DID NOT PROVIDE STANDING COMMITTEE ON TECHNOLOGY (SCOT) WITH FULL PICTURE OF ISSUES INVOLVED WITH TRADING ACCESS POINT (TAP)
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 37 |
|
|
V.R.NARASIMHAN
(PAN:AACPN2071J)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 38 |
|
|
V.R.NARASIMHAN
(PAN:AACPN2071J)
|
|
|
MADE MISLEADING AND INCORRECT STATEMENT TO SEBI THAT THERE WAS NO VIOLATION IN THE APPOINTMENT OF MR.ANAND SUBRAMANIAN AS GROUP OPERATING OFFICER AND ADVISOR TO MD VIOLATING REGULATION 32(2) OF SEBI (SECC) REGULATIONS, 2012
|
IMPOSED PENALTY RS.6,00,000
11-FEB-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/04/2022 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. IN THE MEANWHILE, APPELLANT MAY DEPOSIT PENALTY AMOUNT WITHIN SIX WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/06/2022 CONDONED THE DELAY IN FILING OF REPLY AND ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 39 |
|
|
VIKRAM LIMAYE
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN DISCONTINUATION OF TRADING ACCESS POINT (TAP) AND DID NOT PROVIDE STANDING COMMITTEE ON TECHNOLOGY (SCOT) WITH FULL PICTURE OF ISSUES INVOLVED WITH TRADING ACCESS POINT (TAP)
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 2 of 2
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