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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 : 27-AUG-2026

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.

DEPOSITORIES: IMPOSED PENALTY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CENTRAL DEPOSITORY SERVICES (INDIA) LTD.

(PAN:AAACC6233A)  
  FACILITATED OPENING OF LARGE NUMBER OF AFFERENT ACCOUNTS

GENERATED AND DISTRIBUTED BENEFICIAL OWNER’S IDS IN ADVANCE WITHOUT PROPER VERIFICATION AND SCRUTINY OF KYC DOCUMENTS

DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS

DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS   		IMPOSED PENALTY RS.3,00,00,000

27-APR-2007 		SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS  
2
History of entity/person CENTRAL DEPOSITORY SERVICES (INDIA) LTD.

(PAN:AAACC6233A)  
  DID NOT DECLARE ACTIVE DIRECTORY FEDERATION SERVICES (ADFS) SERVER AS A CRITICAL ASSET IN ACCORDANCE WITH SEBI CIRCULAR DATED 06/07/2015 (AS MODIFIED BY SEBI CIRCULAR DATED 20/05/2022)

DID NOT DEPLOY ADEQUATE CYBERSECURITY CONTROLS COMMENSURATE WITH CRITICALITY OF CYBER RISKS VIOLATING PARAGRAPH NOS.3(A) TO 3(B), 11 AND 12 OF ANNEXURE A OFSEBI CIRCULAR DATED 06/07/2015 (AS MODIFIED BY SEBI CIRCULAR DATED 20/05/2022)

DID NOT ADHERE TO ENHANCED SCOPE OF AUDIT IN VULNERABILITY ASSESSMENT AND PENETRATION TESTING (VAPT) EXERCISE VIOLATING PARAGRAPH NO.40 OF SEBI CIRCULAR DATED 06/07/2015 (AS MODIFIED BY SEBI CIRCULAR DATED 20/05/2022)

DID NOT IMPLEMENT ADEQUATE ACCESS CONTROLS TO ITS SYSTEMS INCLUDING NON-ENFORCEMENT OF PASSWORD POLICY, TWO-FACTOR AUTHENTICATION AND ACCOUNT ACCESS LOCKOUT POLICY VIOLATING PARAGRAPHS NOS.15 TO 21 OF ANNEXURE A TO SEBI CIRCULAR DATED 06/07/2015

DID NOT DETECT INTRUSIONS/ SECURITY INCIDENTS IN REAL TIME AND MONITOR, ANALYZE RELEVANT LOGS OF NETWORK DEVICES AND IDENTIFY & BLOCK OPEN PORTS THAT WERE NOT IN USE VIOLATING PARAGRAPH NOS.35, 43, 45 AND 46 OF ANNEXURE A OF SEBI CIRCULAR DATED 06/07/2015 AND PARAGRAPH NOS. 4.1, 4.2, 4.6, 5.1, 5.2 AND 5.3 OF SEBI CIRCULAR DATED 07/12/2018

DID NOT CONDUCT VULNERABILITY SCANNING AND PENETRATION TESTING PRIOR TO COMMISSIONING OF ACTIVE DIRECTORY FEDERATION SERVICES (ADFS) SERVER VIOLATING PARAGRAPH NO.42 OF ANNEXURE A OF SEBI CIRCULAR DATED 06/07/2015 (AS MODIFIED BY SEBI CIRCULAR DATED 20/05/2022)

DID NOT DECLARE DISASTER WITHIN 30 MINUTES OF DISRUPTION OF CRITICAL SYSTEMS AND FAILED TO RESTORE SYSTEMS AFFECTED BY CYBER-ATTACK WITHIN RECOVERY TIME OBJECTIVE (RTO) SPECIFIED BY SEBI VIOLATING PARAGRAPH NOS.4(C) AND 4(E) OF SEBI CIRCULAR DATED 22/03/2021 AND PARAGRAPH NO.47 OF ANNEXURE A TO SEBI CIRCULAR DATED 06/07/2015

DID NOT ADHERE TO CODE OF CONDUCT OF DEPOSITORIES VIOLATING CLAUSES 1, 5 AND 9 OF PART-D OF THIRDSCHEDULE READ WITH REGULATION 17 OF SEBI DEPOSITORIES ACT, 1996   		IMPOSED PENALTY RS.1,00,00,000

20-JUL-2026 		 
3
History of entity/person NATIONAL SECURITIES DEPOSITORY LTD.

(PAN:AADCN9802F)  
  FACILITATED OPENING OF LARGE NUMBER OF FICTITIOUS ACCOUNTS

DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS

DID NOT NOTICE UNAUTHORISED OUTSOURCING BY DEPOSITORY PARTICIPANTS

DID NOT MAINTAIN DATA INTEGRITY

DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS

DID NOT TAKE APPROPRIATE ACTION AGAINST DEPOSITORY PARTICIPANTS FOR VARIOUS IRREGULARITIES REPEATEDLY COMMITTED BY THEM

DID NOT ADHERE TO DIRECTIVES ISSUED BY SEBI   		IMPOSED PENALTY RS.5,00,00,000

27-APR-2007 		SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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