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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: IMPOSED PENALTY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
61
History of entity/person ALLWIN SECURITIES LTD.

(Depository Participants : CDSL,Member : BSE)  
  MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS   IMPOSED PENALTY RS.5,00,000

24-OCT-2019
 
62
History of entity/person ALPESH JAGDISHCHANDRA PAREKH,M/S

(Sub-Broker of SKSE SECURITIES LTD., Member : BSE,Member : SKSE)  
Click here to view complete history of this specific entity/person ALPESH JAGDISHCHANDRA PAREKH
 
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS

COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES

DID NOT ISSUE CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEALT IN CASH WITH CLIENTS  
IMPOSED PENALTY RS.1,50,000

31-JAN-2007
SAT: IMPUGNED ORDER DATED 31/01/2007 MODIFIED BY REDUCING PENALTY AMOUNT TO RS. 50,000 FROM RS.1,50,000  
63
History of entity/person ALPHA COMMODITY PVT.LTD.

(PAN:AADCM6826A)

(Member : MCX/NCDEX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS   IMPOSED PENALTY RS.3,00,000

30-AUG-2019
 
64
History of entity/person AMBALAL MULTI COMMODITIES PVT.LTD.

(Member : MCX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

DISCREPANCIES IN CALCULATION OF NET WORTH  
IMPOSED PENALTY RS.4,00,000

17-DEC-2021
 
65
History of entity/person AMBALAL SHARES & STOCKS PVT.LTD.

(Depository Participants : CDSL,Member : BSE/NSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS  
IMPOSED PENALTY RS.5,00,000

27-APR-2020
 
66
History of entity/person AMBALAL SHARES & STOCKS PVT.LTD.

(Depository Participants : CDSL,Member : BSE/MSEI/MCX/ICEX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES

PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE

DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS

DELAY IN SETTLING ACCOUNTS OF INACTIVE CLIENTS

DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES

MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS

DID NOT PROVIDE VOICE RECORDING FOR TRADES  
IMPOSED PENALTY RS.8,00,000

26-SEP-2022
 
67
History of entity/person AMI STOCK & SHARE BROKERS PVT.LTD.

(PAN:AAECA9673J)

(Member : BSE/NSE)  
  DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 10 READ WITH 14(1) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF ACQUISITION OF 45% SHARES OF VERTEX SECURITIES LTD.   IMPOSED PENALTY RS.3,50,000

26-NOV-2009
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI  
68
History of entity/person AMI STOCK & SHARE BROKERS PVT.LTD.

(PAN:AAECA9673J)

(Member : BSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF KATARE SPINNING MILLS LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLYING 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 KATARE SPINNING MILLS LTD.  
IMPOSED PENALTY RS.50,000

19-OCT-2011
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI  
69
History of entity/person AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.

(PAN:AAECA3909P)

(Depository Participants : CDSL,Member : NSE/BSE/MCX/MSEI)  
Click here to view complete history of this specific entity/person AMITA SINHA

PAN:AOIPS2038G
Click here to view complete history of this specific entity/person SANJEEV KUMAR SINHA

PAN:ALEPS6005L
Click here to view complete history of this specific entity/person VANDANA SINHA

PAN:ASUPS6193E
 
DID NOT SUBMIT INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

MISUSED PLEDGING OF CLIENT’S SECURITIES

MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

DID NOT REDRESS INVESTOR COMPLAINTS

FALSIFIED TRIAL BALANCE, BANK BOOKS AND CONCEALED THE INFORMATION RELATED TO PLEDGING OF SECURITIES, CASH WITHDRAWAL AND FUND MOVEMENT RELATED TO ENTITIES VIOLATING SECTIONS 12(A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2) (P) OF SEBI (PFUTP) REGULATIONS, 2003  
IMPOSED PENALTY RS.2,25,00,000

28-APR-2022
SEBI VIDE ITS NOTICE DATED 29/05/2024 DIRECTED TO PAY RS.2,83,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE  
70
History of entity/person AMRAPALI CAPITAL & FINANCE SERVICES LTD.

(Depository Participants : NSDL,Member : BSE/NSE/MCX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE

DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)

DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS

MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS  
IMPOSED PENALTY RS.4,00,000

27-MAY-2021
 
71
History of entity/person ANAND RATHI FINANCIAL SERVICES LTD.

(PAN:AABCA3577G)

(Depository Participants : CDSL,Member : BSE/NSE)  
  DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DISCREPANCIES IN PROCESSING OF DELIVERY INSTRUCTION SLIP

DEFAULTED IN DELIVERY OF CONTRACT NOTES IN RESPECT OF BOUNCED ELECTRONIC CONTRACT NOTES

DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES  
IMPOSED PENALTY RS.5,00,000

30-NOV-2011
 
72
History of entity/person ANAND RATHI FINANCIAL SERVICES LTD.

(PAN:AABCA3577G)

(Member : NSE)  
  PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS

ALLOWED TERMINAL TO UNAUTHORISED USERS

DID NOT REFUND MONEY COLLECTED UNDER CIS

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992  
IMPOSED PENALTY RS.6,00,000

07-FEB-2011
 
73
History of entity/person ANAND RATHI SECURITIES PVT.LTD.

(Member : BSE)  
Click here to view complete history of this specific entity/person AMIT RATHI
Click here to view complete history of this specific entity/person R.K.BHOOTRA
 
TRANSFERRED FUNDS BETWEEN DIFFERENT CLIENT ACCOUNTS

DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI

DID NOT EXERCISE DUE SKILL AND DILIGENCE  
IMPOSED PENALTY RS.1,00,000

03-NOV-2004
 
74
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : BSE/NSE/MCX)  
  DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO THE STATUTORY REQUIREMENTS VIOLATING REGULATION 9(F) READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992   IMPOSED PENALTY RS.5,00,000

31-DEC-2015
SAT: SAT VIDE ITS ORDER DATED 06/11/2019 SET ASIDED VIOLATION OF CIRCULAR DATED 18/11/1993 AND CONFIRMED VIOLATION OF CIRCULAR DATED 27/08/2003 AND DIRECTED TO PAY PENALTY OF RS.5 LACS ONLY FOR VIOLATION OF CIRCULAR DATED 27/08/2003  
75
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : BSE/NSE/MCX/NCDEX)  
  DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS

DISCREPANCIES IN MARGIN TRADING FUNDING

DID NOT REVIEW BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS)

DID NOT MONITOR PEAK LOAD AND DID NOT CARRY OUT CAPACITY PLANNING

DID NOT REPORT TECHNICAL GLITCHES TO STOCK EXCHANGES  
IMPOSED PENALTY RS.10,00,000

30-SEP-2024
 
76
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Depository Participants : CDSL/NSDL,Member : BSE/NSE/MCX/NCDEX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT

INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES

MISMATCH IN LEDGER BALANCE IN DAILY MARGIN STATEMENT

DID NOT MAINTAIN ADEQUATE SYSTEMS FOR RECORDING OF ORDER PLACEMENT BY CLIENTS

DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION

EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS  
IMPOSED PENALTY RS.5,00,000

30-JAN-2025
SEBI VIDE ITS ORDER DATED 30/06/2025 DISPOSED OF SCN DATED 21/02/2025 WITHOUT ANY FURTHER ACTION/DIRECTIONS  
77
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : BSE/NSE/MCX)  
  DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992

DID NOT ADHERE TO VARIOUS SEBI CIRCULARS  
IMPOSED PENALTY RS.1,00,000

27-NOV-2018
 
78
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Depository Participants : NSDL,Member : BSE/NSE)  
  DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DEFICIENCIES IN CLIENT DATABASE

VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS

ILLEGALLY CHARGED CUSTODY CHARGES FROM CLIENTS

DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY  
IMPOSED PENALTY RS.1,00,000

04-MAY-2009
 
79
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : BSE)  
  PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS

ALLOWED TERMINAL TO UNAUTHORISED USERS

DID NOT REFUND MONEY COLLECTED UNDER CIS

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992  
IMPOSED PENALTY RS.6,00,000

07-FEB-2011
 
80
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : NSE/BSE/MCX)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT

MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS

ENGAGED IN BUSINESS OTHER THAN SECURITIES

REPORTED WRONG NET WORTH TO EXCHANGE

DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES

DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS

DID NOT GENERATE AND/OR SEND RETENTION STATEMENT

DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)

DISCREPANCIES IN ISSUANCE AND EXECUTION OF DIS

DID NOT USE NSDL PRESCRIBED FORM FOR PROCESSING TRANSMISSION REQUEST

DID NOT SUBMIT CONCURRENT AUDIT REPORT IN CDSL PRESCRIBED FORMAT

DID NOT AFFIX STAMPS ON DIS AND/OR DEMAT

DID NOT UPLOAD CTCL ID OF TERMINALS WITH EXCHANGE

DID NOT REPORT ACTIVE/INACTIVE STATUS OF TERMINALS TO EXCAHNGE

DISCREPANCIES IN STATUS OF CTCL IDS OF NOTICEE AT EXCHANGE RECORD

DID NOT ADHERE TO VARIOUS SEBI CIRCULARS  
IMPOSED PENALTY RS.30,00,000

14-JUN-2022
 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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