| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
IDBI MF TRUSTEE CO.LTD.
(PAN:AACCI2337M)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF CLAUSES 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATIONS 18(22) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATION 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATIONS 18(9), 75A(B) AND 76 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,47,228 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUN-2020
|
|
| 102 |
|
|
INCO INFRASTRUCTURES PVT.LTD.
(PAN:AABCI3615H)
|
|
|
DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 11(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF MURLI INDUSTRIES LTD.
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.11,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-JUN-2020
|
|
| 103 |
|
|
INDIA INFOLINE LTD.
(PAN:AAACI7105D)
|
|
|
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED FAILURE IN MAINTAINING UNIFORMITY IN DOCUMENTS REQUIRED FOR TRADING VIOLATING SEBI CIRCULAR NO.SEBI/MIRSD/DPS-1/CIR31/2004 DATED 26/08/2004
ALLEGED FAILURE IN COMPLIANCE WITH RULES 8 (1) (F) AND 8(3)(F) OF SCRA ,1957 RELATING TO FUND BASED ACTIVITIES OF STOCK BROKERS VIOLATING SEBI CIRCULAR NO.SEBI/POLICY/CIR-6/97 DATED 07/05/1997
ALLEGED FAILURE IN COMPLIANCE WITH RULES OF MARGIN TRADING AND SECURITIES LENDING AND BORROWING VIOLATING SEBI CIRCULAR NO.SEBI/MRD/SE/SU/CIR-15/04 DATED 19/03/2004
ALLEGED FAILURE IN MAINTENANCE OF INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN SPECULATIVE BUSINESS AND SUBMITTED FALSE OR MISLEADING RETURNS TO SEBI AND STOCK EXCHANGE VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(4) AND C(6) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,00,000 VIDE CONSENT ORDER)
18-MAY-2010
|
|
| 104 |
|
|
INDIAN CLEARING CORP.LTD.
(PAN:AABCI7140K)
|
|
|
DESPITE RECEIVING RELEVANT MISMATCH FROM DEPOSITORIES, DID NOT PROVIDE ANY ALERTS TO STOCK EXCHANGES VIOLATING PARA 7 OF SEBI CIRCULAR DATED 17/12/2018 READ WITH CLAUSE 5.2 OF STANDARD OPERATING PROCEDURE (SOP) IN MATTER OF KARVY STOCK BROKING LTD.
|
IMPOSED PENALTY RS.50,00,000
28-DEC-2022
|
|
| 105 |
|
|
INDIAN CLEARING CORP.LTD.
(PAN:AABCI7140K)
|
|
|
DID NOT MAINTAIN CORRECT AND UP-TO-DATE INVENTORY AND SOFTWARE ASSETS INFORMATION IN INVENTORY WAS MISSING
DID NOT CLOSE OUT OBSERVATIONS IN BI-ANNUAL CYBER AUDIT IN TIME BOUND MANNER
DID NOT OBTAIN COMMENTS FROM MANAGEMENT AND BOARD OF DIRECTORSBEFORE SUBMITTING NETWORK AUDIT REPORT TO SEBI
DID NOT HAVE ONE TO ONE CORRESPONDENCE BETWEEN ASSETS AT DISASTER RECOVERY SITE (DRS) /NEAR SITE(NS) AND PRIMARY DATA CENTRE (PDC)
|
IMPOSED PENALTY RS.5,05,00,000
25-FEB-2025
|
|
| 106 |
|
|
INDIAN COMMODITY EXCHANGE LTD.
(PAN:AABCI9479D)
|
|
|
DID NOT ADHERE TO NET WORTH REQUIREMENT
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
RECOGNITION OF STOCK EXCHANGE WITHDRAWN
CEASED TO BE RECOGNIZED STOCK EXCHANGE
DIRECTED TO TRANSFER MONEY AVAILABLE IN INVESTOR PROTECTION FUND AND INVESTOR SERVICES FUND LYING UNUTILIZED TO SEBI INVESTOR PROTECTION AND EDUCATION FUND
DIRECTED TO SET ASIDE SUFFICIENT FUNDS TO PROVIDE SETTLEMENT OF ANY CLAIMS
DIRECTED TO PAY OUTSTANDING DUES AND ANNUAL REGULATORY FEES INCLUDING BALANCE IN ACCOUNTTO SEBI
DIRECTED TO PAY REGISTRATION FEES TO SEBI
DIRECTED TO REFRAIN FROM USING THE EXPRESSION “STOCK EXCHANGE” OR ANY VARIANT IN ITS NAME OR SUBSIDIARY COMPANY’S NAME
10-MAY-2022
|
SAT: SAT VIDE ITS ORDER DATED 13/06/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 10/05/2022 AND SET ASIDE DIRECTION OF SEBI NOTIFYING PERMANENT WITHDRAWAL OF RECOGNITION GRANTED TO THE APPELLANT
SEBI VIDE ITS ORDER DATED 10/12/2024 PERMITTED ICEX TO EXIT AS A STOCK EXCHANGE AND THUS CONSEQUENT WITHDRAWAL OF RECOGNITION GRANTED TO ICEX DIRECTED TO A) COMPLY WITH ITS TAX OBLIGATIONS UNDER INCOME-TAX ACT, 1961 B) COMPLY WITH THE UNDERTAKINGS GIVEN BY IT TO SEBI C) COMPLY WITH OTHER CONSEQUENTIAL CONDITIONS OF MASTER CIRCULAR D) CHANGE ITS NAME AND IN CASE AFTER EXIT AS A STOCK EXCHANGE IT CONTINUES AS A CORPORATE ENTITY UNDER THE COMPANIES ACT 2013, NOT TO USE THE EXPRESSION ‘EXCHANGE’ OR ANY VARIANT IN ITS NAME OR IN THE NAME OF ITS SUBSIDIARY SO AS TO AVOID ANY REPRESENTATION OF PRESENT OR PAST AFFILIATION WITH THE STOCK EXCHANGE E) MAINTAIN DATABASE OF ALL THE TRANSACTIONS ON ITS PLATFORM FOR THE PREVIOUS YEARS AS PER THE REQUIREMENT OF PREVENTION OF MONEY LAUNDERING ACT (PMLA), 2015 F) CONTINUE TO COMPLY WITH ALL APPLICABLE LAWS EVEN AFTER THE EXIT
SEBI VIDE ITS PRESS RELEASE DATED 02/01/2025 WITHDREW THE RECOGNITION GRANTED PURSUANT TO THE ACCEPTANCE OF THE REQUEST MADE FOR VOLUNTARY SURRENDER OF THE RECOGNITION GRANTED TO IT AND SEBI PERMITTED THE EXIT AS A STOCK EXCHANGE
|
| 107 |
|
|
J M SONI CONSULTANCY
(PAN:AAGFJ2939P)
|
|
|
|
KRUPA SANJAY SONI
PAN:BVSPS9740P
|
|
|
SANJAY JETHALAL SONI
PAN:BVSPS9741N
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
22-NOV-2019
|
SEBI VIDE ITS NOTICE DATED 06/08/2024 DIRECTED TO PAY RS.4,75,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 08/01/2025 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, WESTERN REGIONAL OFFICE, AHMEDABAD D) DIRECTED INSPECTORS GENERAL OF REGISTRATION AND CONTROLLER OF STAMPS OF THE GUJARAT STATE AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTIES ARE LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED/HELD BY THE DEFAULTERS, IF PRESENTED FOR REGISTRATION
SEBI VIDE ITS ORDER DATED 06/08/2024 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 19/02/2025 ALLOWED THE APPEAL AND 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 06/08/2024
SEBI VIDE ITS ORDER DATED 19/02/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7926 OF 2024 DATED 06/08/2024
SEBI VIDE ITS ORDER DATED 02/04/2026 SEBI RESCINDED PROHIBITORY ORDER NO.RO/1101/2025 DATED 08/01/2025
|
| 108 |
|
|
JM FINANCIAL ASSET MANAGEMENT LTD.
(PAN:AAACJ2578F)
|
|
|
|
BHANU KATOCH
PAN:ALJPK1911G
|
|
|
DEEPEN DOSHI
PAN:AABPD7459H
|
|
CLEARED INVESTMENT PROPOSAL OF THE EMPLOYEES AND THEIR RELATIVES FOR INVESTMENT IN THE SCHEMES WHERE THERE WAS A LIKELIHOOD OF A SIGNIFICANT CHANGE IN THE VALUATION OF DEFAULTED SECURITIES AND SAME INFORMATION WAS NOT COMMUNICATED TO UNIT HOLDERS VIOLATING CLAUSE E(3)(D) OF SEBI CIRCULAR DATED 17/11/2016 IN MATTER OF JM FINANCIAL MUTUAL FUND
DID NOT MAKE DISCLOSURE TO INVESTORS ABOUT CHANGE IN VALUATION OF DEFAULTED SECURITIES/SALE OF SECURITIES AND DID NOT PROVIDE ADEQUATE AND TIMELY INFORMATION TO INVESTORS ABOUT GENERAL AFFAIRS OF THE SCHEME THEREBY VIOLATING CLAUSE 2 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF JM FINANCIAL MUTUAL FUND
|
IMPOSED PENALTY RS.25,00,000
31-JUL-2024
|
|
| 109 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
|
NANDKUMAR SURTI
PAN:AALPS8105P
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 110 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 111 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 112 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 113 |
|
|
KAJOL IMPEX LTD.
(PAN:AAACJ9577E)
|
|
|
|
HEMRAJSINGH SURENDRASINGH VAGHELA
|
|
TRADED IN SCRIP OF MOH LTD. IN CONTRAVENTION OF SEBI ORDER DATED 20/06/2007
|
IMPOSED PENALTY RS.10,00,000
30-APR-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 114 |
|
|
KALPBUT REAL ESTATE LTD.
(CIN:U45400UP2007PLC034180
PAN:AADCK3482E)
|
|
|
|
BHANU PRATAP SINGH
PAN:AENPS9792L
|
|
|
DEVENDRA PAL SINGH
DIN:01832091
PAN:BJVPS0029N
|
|
|
GUDDI DEVI
PAN:AJXPD0444R
|
|
|
KRISHAN PAL SINGH
PAN:AMYPS0600G
|
|
|
NATTHU SINGH
PAN:DKBPS2620L
|
|
|
PARVESH KUMAR SINGH
PAN:DEWPS4079J
|
|
|
POORAN PRAKASH
PAN:ALLPP2252K
|
|
|
RAJENDRA SINGH THAKUR
PAN:ABUPT7761N
|
|
|
RAJESHWARI SENGAR
PAN:AVZPS2724H
|
|
|
RAKSHA PAL SINGH
PAN:BDSPS9886A
|
|
OPERATED CIS SCHEMES WITHOUT OBTAINING CERTIFICATE OF REGISTRATION FROM SEBI
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.1,05,00,000 ALONG WITH OTHER ENTITIES/PERSONS
22-OCT-2020
|
SEBI VIDE ITS NOTICE DATED 26/11/2021 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 14/12/2021 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNT OF KALPBUT REAL ESTATE LTD., MR.BHANU PRATAP SINGH, MR.KRISHAN PAL SINGH, MS.GUDDI DEVI, MR.RAJENDRA SINGH THAKUR, MR.PARVESH KUMAR SINGH, MR.NATTHU SINGH, MR.RAKSHA PAL SINGH, MR.DEVENDRA PAL SINGH, MS.RAJESHWARI SENGAR & MR.POORAN PRAKASH TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| 115 |
|
|
KANHAIYA MINING & MINERALS PVT.LTD.
(PAN:AACCK5740L)
|
|
|
DID NOT MAKE PUBLIC ANNOUNCEMENT AS REQUIRED UNDER REGULATION 11(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF MURLI INDUSTRIES LTD.
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.11,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-JUN-2020
|
|
| 116 |
|
|
KANTILAL CHHAGANLAL SECURITIES PVT.LTD.
(PAN:AABCK3372R)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATIONS 9(F) AND 9(E) READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF VARIOUS NSE CIRCULARS
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.31,20,000 VIDE CONSENT ORDER)
27-FEB-2023
|
|
| 117 |
|
|
KESAR PETROPRODUCTS LTD.
(CIN:L23209PN1990PLC054829)
|
|
|
|
SHREYAS DINESH SHARMA
PAN:BHDPS9985D
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.2,00,000
18-MAR-2019
|
|
| 118 |
|
|
KIRAN SYNTEX LTD.
(CIN:L17110GJ1986PLC009099)
|
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.1,50,000
31-OCT-2018
|
|
| 119 |
|
|
KORP SECURITIES LTD.
(PAN:AACCK1771D)
|
|
|
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
|
IMPOSED PENALTY RS.45,00,000
10-JUL-2019
|
SEBI VIDE ITS NOTICE DATED 10/09/2021 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 21/10/2021 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 10/09/2021
|
| 120 |
|
|
KOTAK MAHINDRA ASSET MANAGEMENT CO.LTD.
(PAN:AAACZ1086G)
|
|
|
DID NOT PAY FULL PROCEEDS BASED ON DECLARED NET ASSET VALUE (NAV) AS ON RESPECTIVE MATURITY DATES VIOLATING REGULATIONS 10(A), 25(16), 25(19) & 47 AND CLAUSE 9 OF FIFTH SCHEDULE READ WITH PRINCIPLES OF FAIR VALUATION AS PRESCRIBED UNDER EIGHTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
DIRECTED TO REFUND A PART OF INVESTMENT MANAGEMENT AND ADVISORY FEES COLLECTED FROM UNITHOLDERS ALONG WITH SIMPLE INTEREST @15% P.A. FROM DATE OF MATURITY
DIRECTED TO SUBMIT COMPLIANCE REPORT TO SEBI
DIRECTED NOT TO LAUNCH ANY NEW SCHEMES FROM 27-AUG-2021 TO 26-FEB-2022
IMPOSED PENALTY RS.50,00,000
27-AUG-2021
|
SAT: SAT VIDE ITS ORDER DATED 21/10/2021 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. IN THE MEANWHILE, DIRECTION TO REFUND A PART OF THE INVESTMENT MANAGEMENT AND ADVISORY FEES COLLECTED BY APPELLANT FROM UNIT HOLDERS TO REMAIN STAYED. DIRECTED APPELLANT TO DEPOSIT RS.20 LAC TO RESPONDENT AS PER IMPUGNED ORDER WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/02/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 05/04/2022 ALLOWED APPELLANT TO FILE REJOINDER WITHIN THREE WEEKS
SAT: SAT VIDE ITS ORDER DATED 01/12/2022 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/03/2026 PARTLY ALLOWED THE APPEAL BY SETTING SET ASIDE THE DIRECTION WITH REGARD TO DISGORGEMENT OF INVESTMENT MANAGEMENT AND ADVISORY FEE IN IMPUGNED ORDER DATED 27/08/2021
|
| 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 14
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