| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
NINE STAR BROKING PVT.LTD.
(PAN:AADCN3788J)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT ISSUE STATEMENT OF PLEDGING TO CLIENTS SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
ENTERED INCORRECT PAN DETAIL OF SECOND HOLDER IN CDAS
DID NOT MAKE DISCLOSURE OF NINE TERMINALS TO STOCK EXCHANGES AS BRANCH OFFICE/SUB-BROKERS OFFICE/AP OFFICE
|
IMPOSED PENALTY RS.8,00,000
23-SEP-2020
|
|
| 62 |
|
|
NNM SECURITIES PVT.LTD.
(PAN:AAACN8070G)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
USED CLIENT FUNDS FOR PROPRIETARY MTM PAY-IN OBLIGATION IN F&O SEGMENT
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DID NOT MAINTAIN STOCK MISMATCH ALERT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT FETCH KYC DETAILS FROM KRA
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
MADE INCORRECT REPORTING OF RISK-BASED SUPERVISION OF DATA TO STOCK EXCHANGES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT CLOSE EXCHANGE LEVEL ALERTS
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS AT THE OFFICE NOT FOUND
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS OUTSIDE FLAT AT THE ADDRESS REGISTERED WITH EXCHANGE NOT FOUND
PROVIDED EXPOSURE TO CLIENTS EVEN BEFORE CHEQUES GOT CLEARED
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE NAME OF COMPLIANCE OFFICER IN STOCK EXCHANGE RECORD
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
FORGED AND BACK-DATED HOLDING STATEMENTS, FORGED AND MANUFACTURED ARTIFICIAL LEDGER STATEMENTS, HOLDING STATEMENTS PURPORTEDLY SIGNED IN 2021 BEFORE IT WAS EVEN PRINTED IN OCTOBER 2022
DID NOT ISSUE CONTRACT NOTES
MISMATCHIN LIST OF TERMINALS IN EXCHANGE RECORDS AND/OR MISMATCH IN LOGIN IDS
|
IMPOSED PENALTY RS.20,00,000
22-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 29/04/2024 DIRECTED TO PAY RS.20,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 63 |
|
|
NORTHEAST BROKING SERVICES LTD.
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE, AND DILIGENCE WHILE ACCEPTING DEMAND DRAFTS FROM CLIENTS RESULTING IN MISUSE OF DEMAND DRAFTS BY EMPLOYEES
ALLEGED WRONGFUL CREDIT OF PAYMENTS RECEIVED FROM ONE CLIENT TO ANOTHER CLIENT
ALLEGED FAILURE IN ENSURING DELIVERY OF WEB LOGIN IDS AND PASSWORDS TO CLIENTS RESULTING IN NON-RECEIPT OF ELECTRONIC CONTRACT NOTES BY CLIENTS
ALLEGED FAILURE IN REPORTING TO NSE REGARDING FUNDING OF CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.9,00,000 VIDE CONSENT ORDER)
03-FEB-2011
|
|
| 64 |
|
|
PANTOMATH STOCK BROKERS PVT.LTD.
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
GRANTED INTER CORPORATE LOANS TO ENTITIES OTHER THAN CLIENTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD CKYC DETAILS OF CLIENTS IN CERSAI PORTAL
REPORTED WRONG NET WORTH TO EXCHANGE
NOMINATION FORMS NOT PROPERLY FILLED
COMPLIANCE OFFICER DID NOT HAVE NISM SERIES VI-DOCE CERTIFICATION
|
IMPOSED PENALTY RS.20,00,000
21-JUN-2022
|
|
| 65 |
|
|
PRUDENT BROKING SERVICES PVT.LTD.
(PAN:AABCN5461G)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DID NOT RECONCILE STOCK REGISTER
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT UPLOAD PLEDGED SHARES OF CLIENTS AS PER ENHANCED SUPERVISION REQUIREMENT
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN PROCESSING OF DIS, MODIFICATION, TRANSFERS & TRANSMISSIONS ACCOUNT CLOSURE
|
IMPOSED PENALTY RS.10,00,000
27-NOV-2020
|
|
| 66 |
|
|
PUNE E STOCK BROKING LTD.
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DELAY IN SETTLING ACCOUNTS OF INACTIVE CLIENTS
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.4,50,000
30-JUN-2022
|
|
| 67 |
|
|
QUANTUM GLOBAL SECURITIES LTD.
(PAN:AAACQ0053A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
DID NOT FURNISH ANY INFORMATION ABOUT BANK ACCOUNTS
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DISCREPANCIES IN DEMAT AND REMAT REQUESTS
DISCREPANCIES IN ACCOUNT MODIFICATION
DISCREPANCIES IN ISSUANCE AND EXECUTION OF DIS
DISCREPANCIES RELATED TO INVESTOR GRIEVANCES
COMPLIANCE OFFICER DID NOT HAVE NISM SERIES VI-DOCE CERTIFICATION
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.20,00,000
29-SEP-2022
|
SEBI VIDE ITS NOTICE DATED 06/02/2023 DIRECTED TO PAY RS.21,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 24/02/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 68 |
|
|
SAMCO SECURITIES LTD.
(CIN:U67120MH2004PLC146183
PAN:AAICS2455A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT RECONCILE FUNDS LYING IN SUSPENSE ACCOUNT
MADE INCORRECT RETENTION STATEMENT
DID NOT CAPTURE LIVE PHOTOGRAPH OF CLIENTS
|
IMPOSED PENALTY RS.7,00,000
31-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 22/11/2023 DIRECTED TO PAY RS.7,22,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED APPELLANT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
|
| 69 |
|
|
SEEMA SECURITIES PVT.LTD.
(PAN:AACCS7683Q)
(Depository Participants : CDSL,Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
ALLOWED TERMINAL TO UNAUTHORISED USERS
DIRECTORS ACTED AS SUB-BROKER VIOLATING REGULATION 15A OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT HAVE EXCLUSIVE E-MAIL ID FOR REDRESSAL OF INVESTOR GRIEVANCES
PAID INTEREST TO CLIENTS ON CREDIT BALANCES VIOLATING RULES 8(1)(F) AND 8(3)(F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
DID NOT BLOCK LOST DEPOSIT INSTRUCTION SLIP (DIS) BOOKLET IN SYSTEM VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
EXECUTED DELIVERY INSTRUCTIONS WITHOUT SIGNATURE OF BENEFICIAL OWNER ON REQUISITION SLIP VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT REFUND CREDIT BALANCE TO CLIENTS AT THE TIME OF CLOSURE OF ACCOUNT VIOLATING CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.5,00,000
01-MAY-2015
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 70 |
|
|
SHRENI SHARES PVT.LTD.
(CIN:U67190MH2009PTC195845
PAN:AANCS4073K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MISMATCH IN DATA SUBMITTED TOWARDS WEEKLY MONITORING OF CLIENT FUNDS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
REPORTED WRONG NET WORTH TO EXCHANGE
|
IMPOSED PENALTY RS.3,00,000
13-SEP-2021
|
|
| 71 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED TRANSFER OF TRADES FROM ONE PRO-ACCOUNT TO ANOTHER PRO-ACCOUNT
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE IN MAINTENANCE OF DETAILS OF BRANCHES AND TRADING TERMINALS
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE WHILE OPENING BENEFICIAL OWNER ACCOUNTS
ALLEGED INDULGENCE IN WITHDRAWAL OF LARGE CASH AND DEPOSIT IN GROUP COMPANY
ALLEGED FAILURE IN FRAMING ANY POLICY FRAMEWORK AND DID NOT APPOINT ANY PRINCIPAL OFFICER UNDER ANTI MONEY LAUNDERING STANDARDS
ALLEGED DISCREPANCIES IN DISTRIBUTION OF NEAT/CTSL TERMINALS AND ILLEGAL DISTRIBUTION OF TRADING TERMINALS AT BRANCHES
ALLEGED OPERATING TERMINALS FROM UNDISCLOSED PREMISES AND BY UNAUTHORISED USERS AT BRANCHES
ALLEGED PERMISSION TO DEALERS WITHOUT NCFM CERTIFICATION TO DEAL IN DERIVATIVE TRADING
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.53,00,000 VIDE CONSENT ORDER)
06-SEP-2010
|
|
| 72 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : BSE/NSE,Depository Participants : CDSL/NSDL)
|
|
|
DID NOT SEND PLEDGE STATEMENTS TO CLIENTS
DID NOT SETTLE OR HAD RETAINED HUGE AMOUNT OF SECURITIES IN EXCESS OF OBLIGATIONS OF CLIENTS
DID NOT REPORT FUND AND SECURITIES BALANCES
DID NOT UPLOAD KYC DATA WITH CKYCR
|
IMPOSED PENALTY RS.5,00,000
13-OCT-2020
|
|
| 73 |
|
|
SPT SECURITIES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
ALLEGED INDULGENCE IN OFF-MARKET TRANSACTIONS
ALLEGED IRREGULAR USE OF CLIENT’S SECURITIES AND FUNDS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 74 |
|
|
SSJ FINANCE & SECURITIES PVT.LTD.
(PAN:AABCS4245H)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT REPORT FUND AND SECURITIES BALANCES
WRONG REPORTING OF STOCK HOLDING TO STOCK EXCHANGES
DID NOT SUBMIT NET WORTH CERTIFICATE TO STOCK EXCHANGES
DID NOT VERIFY PANS ON KRA SITE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.5,00,000
23-MAR-2023
|
|
| 75 |
|
|
SUNCHAN SECURITIES LTD.
(PAN:AAFCS8953A)
(Depository Participants : CDSL,Member : BSE/NSE/OTC)
|
|
|
|
AJAY JANARDAN KOTWAL
|
|
|
KANCHAN MANSINGHANI
|
|
|
RIYAZ ISMAIL SHAIKH
|
|
|
SUNIL MANSINGHANI
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
FAILED TO DELIVER SHARES TO CLIENTS
DID NOT MAKE PAYMENT TO CLIENTS
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
SUBMITTED WRONG INFORMATION TO SEBI
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-JAN-2009 TILL FURTHER ORDERS
DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES
DIRECTED NOT TO ACT AS DEPOSITORY PARTICIPANT FROM 30-JAN-2009 TILL FURTHER ORDERS
DIRECTED BSE, NSE, OTCEI AND THEIR CLEARING HOUSES NOT TO RELEASE FUNDS OR SECURITIES
DIRECTED BSE, NSE, OTCEI AND THEIR CLEARING HOUSES TO SECURE ALL ASSETS INCLUDING REALIZATION OF BANK GUARANTEES
CANCELLED REGISTRATION AS STOCK BROKER FROM 30-JAN-2009 TILL FURTHER ORDERS
30-JAN-2009
|
AD-INTERIM EX-PARTE ORDER DATED 30/01/2009 CONFIRMED
SEBI VIDE ORDER DATED 08/12/2010 CANCELLED CERTIFICATE OF REGISTRATION AS STOCK BROKER W.E.F. 29/12/2010
|
| 76 |
|
|
SUSHIL FINANCIAL SERVICES PVT.LTD.
(PAN:AAACS8454K)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED PLEDGING OF CLIENT’S SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.4,00,000
24-JUL-2020
|
|
| 77 |
|
|
SYKES & RAY EQUITIES (INDIA) LTD.
(PAN:AAECS5168A)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
TRANSFERRED SECURITIES BELONGING TO CLIENTS TO BROKERS OWN ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.5,50,000
27-MAY-2022
|
|
| 78 |
|
|
TRADEBULLS SECURITIES PVT.LTD.
(PAN:AADCT2020P)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
|
IMPOSED PENALTY RS.4,00,000
05-MAR-2021
|
|
| 79 |
|
|
TRADESWIFT BROKING PVT.LTD.
(PAN:AAECA3760A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF RISK-BASED SUPERVISION OF DATA TO STOCK EXCHANGES
ENGAGED IN BUSINESS OTHER THAN SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.7,00,000
30-NOV-2023
|
|
| 80 |
|
|
UNICON SECURITIES PVT.LTD.
(CIN:U74899DL1995PTC064554
PAN:AAPFS5325P)
(Depository Participants : CDSL,Member : BSE/NSE/MCX/USEIL)
|
|
|
|
GAJENDRA NAGPAL
PAN:AADPN5511A
|
|
|
RAM MOHAN GUPTA
PAN:AGDPG7175M
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FRAUDULENTLY TRANSFERRED CLIENTS’ SECURITIES TO GROUP ENTITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DIVERTED FUNDS FOR UTILIZATION BY ITSELF AND ITS GROUP COMPANIES/ASSOCIATE COMPANIES
EXTENDED MARGIN TRADING FACILITY TO ITS CLIENTS WITHOUT OBTAINING REQUISITE APPROVAL FROM STOCK EXCHANGES
DID NOT CARRY OUT ACTUAL PERIODIC SETTLEMENT OF FUNDS AND SECURITIES OF ITS CLIENTS
DID NOT ENSURE DELIVERY OF SECURITIES AND MAKING PAYMENT OF AMOUNTS DUE TO ITS CLIENTS
DID NOT PROVIDE STATEMENTS OF ACCOUNTS IN RESPECT OF FUNDS OF ITS CLIENTS
DID NOT PROVIDE PERIODIC STATEMENT OF TRANSACTIONS IN SECURITIES AND RESULTANT SHAREHOLDING TO THE BENEFICIAL OWNERS OF SUCH SECURITIES
DID NOT HAVE PERIODIC INTERNAL AUDIT CONDUCTED OF ITS STOCK BROKING AND DEPOSITORY PARTICIPANT OPERATIONS
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR THE CHANGE IN MANAGEMENT AND CONTROL
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 26-MAY-2014 TO 25-MAY-2024
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 26-MAY-2014 TO 25-MAY-2024
15-MAR-2016
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 4 of 5
|
