If you are an Existing User, please enter your Username & Password below

Forgot Password?

Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors
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.

COMPANIES: DID NOT FULFIL NET WORTH CRITERIA

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person 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DID NOT ADHERE TO VARIOUS SEBI CIRCULARS   		RECOGNITION OF STOCK EXCHANGE WITHDRAWN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  
2
History of entity/person INSANE TRADERS

(PAN:BENPB0608D)  
Click here to view complete history of this specific entity/person KETAN BORA

PAN:BENPB0608D
  		DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE

DID NOT MAINTAIN AND PROVIDE RECORD OF CLIENTS AND COPY OF AGREEMENT EXECUTED BETWEEN CLIENTS

DID NOT PROVIDE DETAILS OF KRA PROCESS AT THE TIME OF ON-SITE INSPECTION AND DID NOT FOLLOW KYC PROCESS WHILE ONBOARDING CLIENTS

DID NOT PROVIDE DOCUMENTED PROCESS FLOW TO IDENTIFY RISK PROFILE/ RISK SCORE OF CLIENTS TO DECIDE ON THEIR SUITABILITY FOR FINANCIAL PRODUCTS

DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT

DID NOT MAKE DISCLOSURES ABOUT MATERIAL INFORMATION ABOUT ITSELF INCLUDING BUSINESS, DISCIPLINARY HISTORY, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, ETC.

DID NOT APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR

DID NOT ADHERE TO NET WORTH REQUIREMENT   		IMPOSED PENALTY RS.8,00,000 ALONG WITH OTHER ENTITIES/PERSONS

29-OCT-2024 		SEBI VIDE ITS NOTICE DATED 01/01/2025 DIRECTED TO PAY RS.8,33,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SAT: SAT VIDE ITS ORDER DATED 14/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. STAYED RECOVERY PROCEEDING SUBJECT TO DEPOSIT OF RS.3 LAC BY APPELLANT WITHIN TWO WEEKS FROM DATE OF THIS ORDER  
3
History of entity/person WEALTHMAX SOLUTION INVESTMENT ADVISER

(PAN:ATCPJ2297H)  
Click here to view complete history of this specific entity/person PIYUSH JAIN

PAN:ATCPJ2297H
  		DID NOT INFORM REGARDING CHANGE OF REGISTERED OFFICE

REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION

DID NOT POSSESS NISM CERTIFICATE

DID NOT EXECUTE AGREEMENT WITH CLIENTS

DID NOT MAINTAIN BASIC DETAILS, RECORDS AND DISCREPANCIES I.E.COPY OF AGREEMENT, KYC DOCUMENTS, INVOICES, RISK PROFILING, EMAIL COMMUNICATION AND CALL RECORDING ETC.

DID NOT CO-OPERATE AND SUBMITTED INSUFFICIENT/INCOMPLETE RESPONSE TO POST INSPECTION QUESTIONNAIRE

DID NOT FURNISH NET WORTH CERTIFICATE TO INSPECTION TEAM   		IMPOSED PENALTY RS.7,00,000 ALONG WITH OTHER ENTITIES/PERSONS

13-MAR-2024 		SEBI VIDE ITS NOTICE DATED 06/05/2024 DIRECTED TO PAY RS.7,22,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

DISCLAIMER BY NSE

NSE is the co-sponsor of this website and supportive of the initiative taken for protection of interest of investors by Praxis Consulting & Information Services Pvt.Ltd. (PRAXIS), the creator of this website. However, NSE bear no responsibility for the views/information that is available on this website and as responsibility of the contents of this website solely rests with PRAXIS. NSE shall not be responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to or reliance on any information available on this website. Investors/visitors of this website are also advised to read through the other general disclaimer(s) and terms and conditions available on this website before using the website.

Site designed and maintained by watchoutinvestors.com
© PRIME DATABASE GROUP 2004-2025
No part of this site may be reproduced without the explicit permission of the owners.

top