| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
ACTIVE FINSTOCK PVT.LTD.
(Member : BSE)
|
|
|
USED WRONG INCOME TAX PERMANENT ACCOUNT NO. (PAN) FOR LARGE NUMBER OF CLIENTS AND USED SAME PAN FOR MULTIPLE CLIENTS
ALLOWED CLIENTS TO TRADE AND PAID MONEY DESPITE HUGE DEBIT BALANCES FOR LONG PERIOD IN THEIR ACCOUNTS
DID NOT MAKE DISCLOSURE OF BULK DEALS TO STOCK EXCHANGES IN STIPULATED PERIOD
|
IMPOSED PENALTY RS.2,50,000
11-OCT-2010
|
|
| 22 |
|
|
ACUMEN CAPITAL MARKET (INDIA) LTD.
(Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF PARSOLI CORP.LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND CIRCULAR TRANSACTIONS IN SCRIP OF PARSOLI CORP.LTD.
|
IMPOSED PENALTY RS.2,50,000
07-JUN-2010
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 23 |
|
|
ACUMEN CAPITAL MARKET (INDIA) LTD.
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT CAPTURE INCOME DETAILS OF CLIENTS
DID NOT OBTAIN RUNNING ACCOUNTS AUTHORIZATION FORMS
DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN MAINTENANCE OF CLIENT RECORDS
DELAY IN UPLOADING DIS SCAN
DISCREPANCIES IN PROCESSING OF DIS, MODIFICATION, TRANSFERS & TRANSMISSIONS ACCOUNT CLOSURE
DID NOT DISPATCH TRANSACTION STATEMENT
|
IMPOSED PENALTY RS.5,00,000
10-DEC-2020
|
|
| 24 |
|
|
ACUMEN CAPITAL MARKET (INDIA) LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF K SERA SERA PRODUCTIONS LTD.
|
IMPOSED PENALTY RS.1,50,000
31-DEC-2009
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 25 |
|
|
ACUMEN SECURITIES LTD.
(Member : NSE)
|
|
|
|
KRISHNA KUMAR AGARWAL
|
|
|
VINEET AGARWAL
|
|
FAILED TO DELIVER SHARES TO CLIENTS
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.10,00,000
05-DEC-2006
|
SAT: APPEAL DISMISSED AS TIME BARRED, LEAVING PARTIES TO BEAR THEIR OWN COSTS
|
| 26 |
|
|
ADITI A.DALAL,M/S
(Member : ASE)
|
|
|
|
ADITI A.DALAL
|
|
DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 7 OF SEBI TAKEOVER CODE, 1997 IN MATTER OF PRUDENTIAL PHARMACEUTICALS LTD.
DID NOT ISSUE CONTRACT NOTES
|
IMPOSED PENALTY RS.2,50,000
27-DEC-2010
|
|
| 27 |
|
|
ADITYA BIRLA MONEY LTD.
(PAN:AAACA7472K)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
CARRIED OUT PORTFOLIO MANAGEMENT SERVICES (PMS) WITHOUT ENTERING INTO AGREEMENT WITH THE CLIENTS
MISLED CLIENTS BY UNDERSTATING LOSSES AND OVERSTATING PROFITS
LOSSES COVERED BY PREMIUM ON SALE OF OPTIONS AND SHOWN ONLY AT LATER STAGES
CHARGED DELAYED PAYMENT AND LATE PAY-IN CHARGES
DID NOT HAVE ADEQUATE SYSTEMS AND INTERNAL CONTROLS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM
TRANSFERRED SECURITIES WORTH RS.5,41,502.76 FROM CLIENT DEMAT TO PRO
ACCOUNT
DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES
DID NOT ENABLE SMS ALERT FACILITY FLAG IN DEPOSITORY PARTICIPANT MODULE
ACTIVATED POWER OF ATTORNEY WITHOUT OBTAINING MOBILE NUMBER FROM CLIENT
|
IMPOSED PENALTY RS.1,02,00,000
04-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 06/12/2021 DISPOSED OF THE STAY APPLICATION AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. FURTHER, DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/12/2021 DISPOSED OFF THE MATTER AND DIRECTED AO TO CONSIDER THE OBJECTIONS RAISED BY APPELLANT AT THE TIME WHEN THE MATTER FINALLY DECIDED
|
| 28 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF KARUNA CABLES LTD.
|
IMPOSED PENALTY RS.1,00,000
08-JUN-2009
|
SAT: IMPUGNED ORDER DATED 08/06/2009 SET ASIDE. LEAVING PARTIES TO BEAR THEIR OWN COSTS
|
| 29 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.
|
IMPOSED PENALTY RS.3,00,000
04-JUN-2009
|
SAT: IMPUGNED ORDER DATED 04/06/2009 SET ASIDE AND CASE REMANDED TO AO WITH DIRECTION TO FURNISH RELEVANT ORDER LOGS AND TRADE LOGS VIDE ORDER DATED 23/03/2010
|
| 30 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIPS OF BSEL INFRASTRUCTURE REALTY LTD. AND MAHARASHTRA SEAMLESS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BSEL INFRASTRUCTURE REALTY LTD. AND MAHARASHTRA SEAMLESS LTD.
|
IMPOSED PENALTY RS.2,00,000
30-AUG-2010
|
SAT: APPEAL FAILED AND DISMISSED. NO COSTS
|
| 31 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF JINDAL POLYSTER LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRANSACTIONS IN SCRIP OF JINDAL POLYSTER LTD.
|
IMPOSED PENALTY RS.4,00,000
31-MAR-2010
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 31/03/2010 SET ASIDE LEAVING PARTIES TO BEAR THEIR OWN COST
|
| 32 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF K SERA SERA PRODUCTIONS LTD.
|
IMPOSED PENALTY RS.75,000
17-JUN-2011
|
|
| 33 |
|
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF GENUS COMMU-TRADE LTD
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GENUS COMMU-TRADE LTD.
|
IMPOSED PENALTY RS.1,00,000
10-JUN-2010
|
|
| 34 |
|
|
ADROIT FINANCIAL SERVICES PVT.LTD.
(PAN:AABCA1156D)
(Member : NSE)
|
|
|
CONNECTED TO SECONDARY SERVER WITHOUT ANY SUFFICIENT REASON DURING INVESTIGATION PERIOD VIOLATING NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSE A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE ACCESSING SECONDARY SERVER OF NSE COLOCATION IN LINE WITH INSTRUCTION OF NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
|
IMPOSED PENALTY RS.6,00,000
16-FEB-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/07/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 11/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 35 |
|
|
ADROIT FINANCIAL SERVICES PVT.LTD.
(PAN:AABCA1156D)
(Member : NSE/BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.1,00,000
16-DEC-2011
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 36 |
|
|
ADROIT FINANCIAL SERVICES PVT.LTD.
(PAN:AABCA1156D)
(Member : BSE)
|
|
|
AIDED AND ABETTED ITS CLIENT IN CREATION OF ARTIFICIAL MARKETS AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF BHARATIYA GLOBAL INFOMEDIA LTD.
|
IMPOSED PENALTY RS.5,00,000
13-JAN-2015
|
SAT: SAT VIDE ITS ORDER DATED 10/02/2017 QUASHED AND SET ASIDED IMPUGNED ORDER AND REMANDED TO SEBI TO PASS FRESH ORDER ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS
|
| 37 |
|
|
ADVENT STOCK BROKING PVT.LTD.
(PAN:AAFCA5410Q)
(Member : BSE/NSE)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NSE THEREBY DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
CONNECTED TO SECONDARY SERVER WHICH WAS MEANT TO BE USED FOR IN CASE OF NON-AVAILABILITY OF DATA FROM TBT PRIMARY SOURCE, REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION
|
IMPOSED PENALTY RS.6,00,000
22-SEP-2020
|
|
| 38 |
|
|
AFFLUENCE COMMODITIES PVT.LTD.
(Member : NCDEX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
26-JUN-2019
|
|
| 39 |
|
|
AHILYA COMMERCIAL PVT.LTD.
(CIN:U51109WB1994PTC065648
PAN:AACCA2226R)
(Member : CSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(4) AND B(4)(A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF PARBATI HOLDINGS LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/CROSS DEALS IN SCRIP OF PARBATI HOLDINGS LTD.
|
IMPOSED PENALTY RS.3,00,000
24-SEP-2009
|
SAT: IMPUGNED ORDER DATED 24/09/2009 MODIFIED AND PENALTY AMOUNT REDUCED TO RS.1,50,000 FROM RS.3,00,000 ,VIDE ORDER DATED 30/03/2010. NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 40 |
|
|
AHILYA COMMERCIAL PVT.LTD.
(CIN:U51109WB1994PTC065648
PAN:AACCA2226R)
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS DEALS IN SCRIP OF BRAHMANAND HIMGHAR LTD.
FAILED IN MAINTAINING INTEGRITY, DUE SKILL & CARE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(4) AND B(4)(A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BRAHMANAND HIMGHAR LTD.
|
IMPOSED PENALTY RS.2,00,000
24-JUL-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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| Page 2 of 46
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