| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
|
IMPOSED PENALTY RS.15,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-SEP-2022
|
SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.31,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 03/02/2023 CONDONED THE DELAY OF 62 DAYS IN FILING OF APPEAL AND RESPONDENT FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER MAY BE FILE WITHIN THREE WEEKS THEREAFTER
|
| 102 |
|
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
|
IMPOSED PENALTY RS.15,00,000
30-SEP-2022
|
SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.3,16,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 03/02/2023 CONDONED THE DELAY OF 62 DAYS IN FILING OF APPEAL AND RESPONDENT FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER MAY BE FILE WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 01/05/2023 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 19/06/2023 DIRECTED TO FILE PHYSICAL COPY OF THE REJOINDER WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 31/01/2025 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.15 LAC FROM RS.30 LAC TO BE PAID BY FIRST NOTICEE. NO COSTS
SEBI VIDE ITS ORDER DATED 16/04/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6186 OF 2023 DATED 03/01/2023
SEBI VIDE ITS ORDER DATED 16/04/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6187 OF 2023 DATED 03/01/2023
|
| 103 |
|
|
BEELINE COMMODITIES PVT.LTD.
(PAN:AAGCB0097D)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.30,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-SEP-2022
|
SEBI VIDE ITS NOTICE DATED 03/01/2023 DIRECTED TO PAY RS.31,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 03/02/2023 CONDONED THE DELAY OF 62 DAYS IN FILING OF APPEAL AND RESPONDENT FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER MAY BE FILE WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 28/03/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 31/01/2025 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.15 LAC FROM RS.30 LAC TO BE PAID BY FIRST NOTICEE. NO COSTS
SEBI VIDE ITS ORDER DATED 16/04/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6186 OF 2023 DATED 03/01/2023
|
| 104 |
|
|
BERKELEY SECURITIES LTD.
(PAN:AADCB7787M)
(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 FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DISCREPANCIES IN STOCK RECONCILIATION
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN CALCULATION OF NET WORTH
UPLOADED INCORRECT DEMAT ACCOUNT NO.OF CDSL ACCOUNT NO.1207550000027121 ON STOCK EXCHANGE PLATFORM
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DISCREPANCIES IN RESPECT TO MOBILE NUMBER IN UCC DETAILS UPDATED TO STOCK EXCHANGE
DID NOT MAKE DISCLOSURE OF SUSPICIOUS TRANSACTION ALERTS GENERATED IN BSE E-BOSS PORTAL
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
ENGAGED IN BUSINESS OTHER THAN SECURITIES
SUBMITTED INCORRECT DETAILS OF OFFICE PIN CODE OF TERMINAL
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
CHARGED BROKERAGE HIGHER THAN PRESCRIBED RATE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 29-OCT-2024
29-OCT-2024
|
|
| 105 |
|
|
BERKELEY SECURITIES LTD.
(PAN:AADCB7787M)
(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
DISCREPANCIES IN STOCK RECONCILIATION
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
SUBMITTED INCORRECT DETAILS OF OFFICE PIN CODE OF TERMINAL
DISCREPANCIES IN CALCULATION OF NET WORTH
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
CHARGED EXCESS BROKERAGE
SUBMITTED INCORRECT DATA PERTAINING TO CLIENT UNPAID SECURITIES ACCOUNT TO STOCK EXCHANGE
DID NOT MAKE DISCLOSURE OF SUSPICIOUS TRANSACTION ALERTS GENERATED IN BSE E-BOSS PORTAL
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
ENGAGED IN BUSINESS OTHER THAN SECURITIES
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.9,00,000
10-JUL-2024
|
SEBI VIDE ITS NOTICE DATED 11/11/2024 DIRECTED TO PAY RS.9,46,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 04/12/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.8299 OF 2024 DATED 11/11/2024
|
| 106 |
|
|
BETALA STOCK BROKING LTD.
(Member : NSE)
|
|
|
|
ROOPCHAND BETALA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
VIOLATED SEBI CODE OF CONDUCT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-AUG-2003 TO 03-NOV-2003
14-JUL-2003
|
|
| 107 |
|
|
BEZEL STOCKBROKERS PVT.LTD.
(PAN:AAFCB4437J)
(Member : NSE)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE ACCOUNTS OF CLIENTS HAVING CREDIT BALANCE MORE THAN RS.10,000.00
MADE ERROR IN PRINTING OF RUNNING ACCOUNT AUTHORISATION FORMS
|
IMPOSED PENALTY RS.5,00,000
25-APR-2019
|
SAT: APPEAL DISMISSED
SEBI VIDE ITS NOTICE DATED 16/07/2021 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 29/07/2021 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNT OF BEZEL STOCKBROKERS PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| 108 |
|
|
BHAGIRAT MERCHANT STOCK-BROKING PVT.LTD.
(Member : BSE)
|
|
|
DEFICIENCIES IN CLIENT DATABASE
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
DID NOT ADHERE TO CONDITIONS OF PROVISIONAL REGISTRATION
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-MAR-2003 TO 02-JUL-2003
26-FEB-2003
|
|
| 109 |
|
|
BHAGWANDAS BHOGILAL & CO.
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
EXECUTED CROSS DEALS AMONG CLIENTS
DID NOT PAY FEES TO SEBI
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-JUN-2002 TO 12-SEP-2002 TILL PAYMENT OF SEBI FEE, WHICHEVER IS LATER
13-JUN-2002
|
|
| 110 |
|
|
BHAIJEE COMMODITIES PVT.LTD.
(PAN:AAACB8905G)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.5,00,000
14-NOV-2019
|
|
| 111 |
|
|
BHANSALI VALUE CREATIONS PVT.LTD.
(PAN:AAECB3879K)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
|
IMPOSED PENALTY RS.3,00,000
31-OCT-2023
|
|
| 112 |
|
|
BHARAT RASAYAN FINANCE LTD.
(Member : NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
DID NOT MAINTAIN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
INDULGED IN UNAUTHORISED TRADES IN F&O SEGMENT
|
IMPOSED PENALTY RS.2,50,000
31-MAR-2009
|
SAT: APPEAL DISMISSED AS WITHDRAWN WITH NO ORDER AS TO COSTS
|
| 113 |
|
|
BHH SECURITIES PVT.LTD.
(PAN:AAACB6431H)
(Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JAN-2003
|
|
| 114 |
|
|
BHUWALKA & SONS
(Member : CSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 115 |
|
|
BIKASH SUREKA,M/S
(PAN:ALYPS0426P)
(Member : CSE)
|
|
|
|
BIKASH SUREKA
PAN:ALYPS0426P
|
|
DID NOT MAINTAIN MARGIN DEPOSIT BOOK ALONGWITH OTHER BOOKS OF ACCOUNT, RECORD AND DOCUMENTS VIOLATING REGULATION 17(1) (K) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
DID NOT PROVIDE ANY DOCUMENTS ON MARGINS VIOLATING REGULATION 21(1) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.6,00,000
28-DEC-2018
|
SEBI VIDE ITS NOTICE DATED 02/07/2021 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL AND/OR MUTUAL FUNDS TO 1.ATTACH ALL THE ACCOUNTS (INCLUDING MUTUAL FUNDS) BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 ORDER DATED 28/07/2021 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 02/07/2021
|
| 116 |
|
|
BIMAL KUMAR BARARIA,M/S
(Member : CSE)
|
|
|
|
BIMAL KUMAR BARARIA
|
|
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
IRREGULARITIES IN REGISTRATION OF CLIENTS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
ISSUED CONTRACT NOTES OF CSE FOR TRANSACTIONS DONE ON NSE
DID NOT ISSUE CONTRACT NOTES
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-MAY-2003 TO 12-SEP-2003
22-APR-2003
|
|
| 117 |
|
|
BIMAL KUMAR JALAN,M/S
(Member : UPSE)
|
|
|
|
BIMAL KUMAR JALAN
|
|
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
MISUSED DEBIT NOTE FACILITY IN STOCK EXCHANGE
DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-FEB-2000 TO 07-APR-2000
02-FEB-2000
|
|
| 118 |
|
|
BIPIN & CO.
(Member : MGSE)
|
|
|
|
BIPIN JAIN
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DEALT WITH UN-REGISTERED SUB-BROKERS
CHARGED EXCESS BROKERAGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-JUL-1998 TO 27-OCT-1998
23-JUL-1998
|
|
| 119 |
|
|
BIPIN R.VORA,M/S
(Member : BSE)
|
|
|
|
BIPIN R.VORA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
30-DEC-2005
|
|
| 120 |
|
|
BMA COMMODITIES PVT.LTD.
(PAN:AACCB5142K)
(Member : MCX/NCDEX)
|
|
|
|
ANUBHAV BHATTER
PAN:AHBPB4285E
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT UNPLEDGE AND RETURN SECURITIES TO CLIENTS UPON FULFILMENT OF PAY-IN-OBLIGATION
MADE UNAUTHORISED TRANSFER OF SHARES FROM CLIENT’S DEMAT ACCOUNTS
PROVIDED MISLEADING INFORMATION TO STOCK EXCHANGES
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 07-OCT-2019 TO 06-OCT-2026
DIRECTED TO REFUND MONEY TO THE INVESTORS
CEASED AND DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 07-OCT-2019 TO 06-OCT-2026
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR TO CREATE OR INVOKE OR RELEASE ANY INTEREST OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF NSE AND BSE
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY
DIRECTED EXCHANGES AND/OR CLEARING CORPORATIONS AND/OR DEPOSITORIES TO APPOINT FORENSIC AUDITOR TO TRACK MISUSE OF CLIENT'S FUNDS/SECURITIES AND TO IDENTIFY NET ASSETS/LIABILITIES
IMPOSED PENALTY RS.5,00,00,000
07-OCT-2019
|
SEBI VIDE ITS ORDER DATED 02/01/2020 CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 07/10/2019
SEBI VIDE ITS ORDER DATED 11/01/2023 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES EITHER DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR SEVEN YEARS B) IMPOSED PENALTY OF RS.5 CRORE U/S 15HA OF SEBI ACT. AND 23D OF SCRA C) JOINTLY AND SEVERALLY TO REPAY/REFUND THE MONIES TO INVESTORS/CLIENTS OF BRH WEALTH CREATORS LTD. UNDER SUPERVISION OF NSE D) JOINTLY AND SEVERALLY RETURN THE SECURITIES DUE TO CLIENTS/INVESTORS OF BRH WEALTH CREATORS LTD. OR THEIR MONETARY VALUE AS ON DATE OF ACTUAL PAYMENT OF MONEY IN LIEU OF SHARES UNDER SUPERVISION OF NSE E) NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS, WHETHER MOVABLE OR IMMOVABLE (INCLUDING FUNDS IN THEIR BANK ACCOUNTS) OR CREATE ANY INTEREST OR CHARGE IN ANY SUCH ASSETS, TILL SUCH TIME THE REFUNDS/REPAYMENTS F) BANKS ARE TO ENSURE NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY, EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER THE WRITTEN CONFIRMATION OF NSE G) NSE DEFAULTERS COMMITTEE TO, AS EXPEDITIOUSLY AS POSSIBLE OPEN AND OPERATE DEDICATED DEMAT ACCOUNT WHERE ALL THE SECURITIES LYING IN THE DEMAT ACCOUNTS OF BRH WEALTH CREATORS LTD. AND BRH COMMODITIES PVT.LTD. TO BE TRANSFERRED H) NSE DEFAULTERS COMMITTEE TO OPEN AND OPERATE A DEDICATED INTEREST BEARING BANK ACCOUNT WITH NATIONALIZED BANK WHERE ALL THE FUNDS LYING IN VARIOUS BANK ACCOUNTS HELD IN THE NAME OF BRH WEALTH CREATORS LTD. AND BRH COMMODITIES PVT.LTD. TO BE TRANSFERRED I) MODALITIES OF SELLING THE ASSETS, DEPOSITING THE PROCEEDS THEREOF IN THE ESCROW ACCOUNT(S) TO BE WORKED OUT BY NSE J) NSE TO DEAL WITH CLAIMS OF CLIENTS/INVESTORS IN ACCORDANCE WITH BYE-LAWS AND PROCEDURES AFTER ADJUSTING DISBURSEMENTS MADE THROUGH DEFAULTERS COMMITTEE MECHANISM K) PROCEED WITH RECOVERY OF FUNDS AND SECURITIES FROM THE ASSETS OF RESPECTIVE NOTICEES TO COVER ANY SHORTFALL IN FUNDS AND SECURITIES IN THE ESCROW ACCOUNTS(S) AND DEMAT ACCOUNT
SEBI VIDE ITS NOTICE DATED 07/05/2024 DIRECTED TO PAY RS.5,85,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 28/05/2024 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 10/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.5,85,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 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 6 of 30
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