| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 81 |
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Member : NSE/MCX/NCDEX/BSE)
|
|
|
DID NOT FIND TRADING TERMINAL AT LOCATION REPORTED BY NOTICEE TO EXCHANGE
DID NOT CONDUCT PROPER INSPECTION OF AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.7,00,000
23-AUG-2024
|
|
| 82 |
|
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Member : NSE)
|
|
|
DID NOT DEPLOY ADEQUATE MONITORING MECHANISMS TO ENSURE COMPLIANCE WITH THE APPLICABLE SEBI/EXCHANGE REGULATIONS
BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS) POLICY DID NOT APPROVE BY GOVERNING BOARD OF MEMBERS FOR THE INSPECTION PERIOD
DID NOT ADHERE TO PASSWORD POLICY DOCUMENTED IN ITS INFORMATION SECURITY MANAGEMENT SYSTEM (ISMS) POLICY
DID NOT IMPLEMENT DATA LEAKAGE PREVENTION (DLP) SOLUTIONS DURING INSPECTION PERIOD
DID NOT SET PASSWORD EXPIRY FOR SUPER-ADMIN USER AND DID NOT PUT IN PLACE ADEQUATE ALTERNATE CONTROL MECHANISMS IN PLACE TO MINIMIZE RISKS
DID NOT HAVE MULTI-FACTOR AUTHENTICATION (MFA) ENABLED ON THEIR ACCOUNTS
DID NOT COVER ALL CRITICAL ASSETS IN VULNERABILITY ASSESSMENT AND PENETRATION TESTING (VAPT) ASSESSMENT INCLUDING DATABASES, WI-FI, THICK CLIENT AND CERTAIN WEB APPLICATIONS
UNAUTHORIZED ACCESS AND POTENTIAL DATA BREACH INCIDENT OCCURRING BETWEEN 27/09/2024 TO 30/09/2024 AND DID NOT REPORT TO STOCK EXCHANGES WITHIN PRESCRIBED SIX-HOUR TIMEFRAME FROM DETECTION
UNAUTHORIZED ACCESS OCCURRED DUE TO WEAKNESSES IN USER VALIDATION AND RATE LIMITING IN WRAPPER API
DID NOT ESTABLISH ADEQUATE SECURITY MONITORING SYSTEMS AND PROCESSES TO CONTINUOUSLY MONITOR ITS SECURITY EVENTS AND IT ARCHITECTURE
USED API INTEND FOR ITS STOCKBROKING BUSINESS TO SUPPORT ‘KNOW YOUR CLIENTS” VALIDATION PROCESS IN ITS MUTUAL FUND BUSINESS
|
IMPOSED PENALTY RS.10,00,000
13-MAR-2026
|
|
| 83 |
|
|
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
|
|
| 84 |
|
|
ANGEL BROKING PVT.LTD.
(PAN:AAACA8821G)
(Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF ASIAN STERLING GREEN WOODS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(3),A(4) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ASIAN STERLING GREEN WOODS LTD.
|
IMPOSED PENALTY RS.20,00,000
30-DEC-2013
|
SAT: APPEAL FAILED
|
| 85 |
|
|
ANGEL BROKING PVT.LTD.
(PAN:AAACA8821G)
(Member : BSE/NSE)
|
|
|
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),A(5) AND C(6) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS NSE CIRCULARS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.20,00,000
22-MAR-2016
|
|
| 86 |
|
|
ANGEL BROKING PVT.LTD.
(PAN:AAACA8821G)
(Member : NSE/BSE/MCX/NCDEX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT MATCH BALANCES OF HOLDING STATEMENT AND REGISTER OF SECURITIES
|
IMPOSED PENALTY RS.10,00,000
28-APR-2023
|
|
| 87 |
|
|
ANGEL BROKING PVT.LTD.
(PAN:AAACA8821G)
(Member : BSE/NSE/OTC)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BANK OF RAJASTHAN LTD.
|
IMPOSED PENALTY RS.75,000
28-SEP-2012
|
|
| 88 |
|
|
ANGEL CAPITAL & DEBT MARKET LTD.
(Member : NSE)
|
|
|
INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT
|
IMPOSED PENALTY RS.3,00,000
22-MAY-2009
|
|
| 89 |
|
|
ANGEL ONE LTD.
(PAN:AAACM6094R)
(Member : NSE/BSE/MCX/NCDEX/MSEI)
|
|
|
DID NOT REPORT TECHNICAL GLITCHES TO STOCK EXCHANGES
DID NOT EXERCISE ADEQUATE CONTROL AND DUE DILIGENCE OVER ACTIVITIES, CONDUCT AND TRANSACTIONS OF AUTHORIZED PERSONS
DID NOT MAINTAIN SEGREGATION AND DEMARCATION IN OFFICE OF AUTHORIZED PERSONS MR.BALU MOTIRAM BHARTI
UPDATED CTCL USER’S DETAILS IN STOCK EXCHANGE RECORDS WITHOUT ADEQUATE DUE DILIGENCE
AUTHORIZED PERSON AIDED/ DEALT WITH UNREGISTERED INVESTMENT ADVISER
|
IMPOSED PENALTY RS.6,00,000
28-NOV-2024
|
|
| 90 |
|
|
ANGEL ONE LTD.
(PAN:AAACM6094R)
(Member : NSE)
|
|
|
TRADING TERMINALS MAPPED TO AUTHORISED PERSON OPERATED BY UNAPPROVED AND UNAUTHORISED USERS
TRADING TERMINALS MAPPED TO AUTHORISED PERSON WERE NOT OPERATED FROM THE LOCATIONS REPORTED TO STOCK EXCHANGE
DID NOT ENSURE THAT AUTHORISED PERSONS NOT TO DEAL WITH OTHER AUTHORISED PERSONS
DID NOT MAINTAIN ADEQUATE SUPERVISION OVER AUTHORISED PERSONS
|
IMPOSED PENALTY RS.3,00,000
11-NOV-2025
|
|
| 91 |
|
|
ANIL A.GANDHI,M/S
(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
ANIL A.GANDHI
|
|
DID NOT COLLECT MARGIN MONEY AND ALLOWED TRANSACTIONS IN ILLIQUID SCRIP OF MONALISA INFOTECH LTD. VIOLATING REGULATION 26(XVI) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,000
31-JAN-2011
|
INCLUDED IN SEBI LIST DATED 30/09/2011, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 92 |
|
|
ANS PVT.LTD.
(PAN:AACCA4841J)
(Member : BSE/NSE/SKSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, SELF TRADES AND REVERSAL OF TRADE TRANSACTIONS IN SCRIPS OF GUJARAT HOTELS LTD.,JINDAL HOTELS LTD.,SCOOTERS INDIA LTD.,RELAXO FOOTWEARS LTD.,TULSYAN NEC LTD.,ARCHIES LTD.,KARUR K.C.P.PACKAGING LTD.,VADILAL INDUSTRIES LTD.,JAGATJIT INDUSTRIES LTD.,AHLCON PARENTERALS LTD.,LINC PENS & PLASTICS LTD.,MACHINO PLASTICS LTD.,JJ EXPORTERS LTD.,HINDUSTAN TIN WORKS LTD.,VAMSHI RUBBER LIMITED AND ARTSON ENGG.LTD.
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),A(3) AND A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) IN MATTER OF GUJARAT HOTELS LTD., JINDAL HOTELS LTD., SCOOTERS INDIA LTD.,RELAXO FOOTWEARS LTD., TULSYAN NEC LTD., ARCHIES LTD., KARUR K.C.P.PACKAGING LTD., VADILAL INDUSTRIES LTD., JAGATJIT INDUSTRIES LTD., AHLCON PARENTERALS LTD., LINC PENS & PLASTICS LTD., MACHINO PLASTICS LTD.,JJ EXPORTERS LTD., HINDUSTAN TIN WORKS LTD., VAMSHI RUBBER LTD.,HIND INDUSTRIES LTD.AND ARTSON ENGINEERING LTD.
|
IMPOSED PENALTY RS.5,00,000
20-APR-2010
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 93 |
|
|
ANUGRAH STOCK & BROKING PVT.LTD.
(PAN:AAACW2920N)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
|
PARESH MULJI KARIYA
PAN:AAEPK0469M
|
|
|
SADHANA PARESH KARIYA
PAN:AJHPK6018N
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
PROMISED ASSURED RETURNS TO CLIENTS
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
INDULGED IN MANIPULATIVE, FRAUDULENT OR DECEPTIVE SCHEMES WHILE DEALING IN SECURITIES MARKET
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-FEB-2023 TO 27-FEB-2030
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-FEB-2023 TO 27-FEB-2030
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.4,00,00,000
28-FEB-2023
|
SAT: SAT VIDE ITS ORDER DATED 24/10/2024 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER
|
| 94 |
|
|
ANUGRAH STOCK & BROKING PVT.LTD.
(PAN:AAACW2920N)
(Member : BSE/NSE)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.5,00,000
20-MAR-2019
|
|
| 95 |
|
|
ANUGRAH STOCK & BROKING PVT.LTD.
(PAN:AAACW2920N)
(Depository Participants : CDSL,Member : BSE/NSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
IMPOSED PENALTY RS.90,00,000
09-MAR-2021
|
SEBI VIDE ITS NOTICE DATED 22/02/2024 DIRECTED TO PAY RS.1,22,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/04/2024 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
SEBI VIDE ITS NOTICE DATED 06/06/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,26,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 96 |
|
|
ARANOX COMMODITIES PVT.LTD.
(PAN:AAPCA2207H)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.3,00,000
26-MAR-2024
|
|
| 97 |
|
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
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(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF GOLSTONE TECHNOLOGIES LTD.
|
IMPOSED PENALTY RS.2,00,000
30-OCT-2014
|
|
| 98 |
|
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
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(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF SPECTACLE INFOTEK LTD.
|
IMPOSED PENALTY RS.2,00,000
26-SEP-2014
|
|
| 99 |
|
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND SELF TRADES IN SCRIP OF SPECTACLE INFOTEK LTD.
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(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF SPECTACLE INFOTEK LTD.
|
IMPOSED PENALTY RS.2,00,000
22-DEC-2014
|
|
| 100 |
|
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF VERITAS (INDIA) LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF VERITAS (INDIA) LTD.
|
IMPOSED PENALTY RS.5,00,000
27-AUG-2014
|
SAT: SAT VIDE ITS ORDER DATED 27/02/2015 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 27/08/2014 AND REMANDED CASE BACK TO SEBI TO START FRESH ADJUDICATION PROCEEDINGS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 5 of 48
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