| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ABHIPRA CAPITAL LTD.
(PAN:AABCA1702F)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/OTC)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT REDRESS INVESTOR COMPLAINTS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
VIOLATED SEBI CODE OF CONDUCT
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
STOCK EXCHANGE ADVISED TO DEBIT MEMBER’S DEPOSIT
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.1,00,000 VIDE CONSENT ORDER)^CO^08-APR-2009
D FROM UNDERTAKING FRESH BUSINESS AS REGISTRAR FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
17-AUG-2007~
|
INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LIMITED ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI’S WITHIN 30 DAYS
INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LTD. ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI'S WITHIN 30 DAYS
|
| 2 |
|
|
ACTION FINANCIAL SERVICES (INDIA) LTD.
(PAN:AAACA4423G)
(Depository Participants : NSDL,Member : BSE/NSE/BGSE)
|
|
|
ALLEGED INDULGENCE IN MANIPULATIVE TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
10-NOV-2009
|
|
| 3 |
|
|
BANK OF RAJASTHAN LTD.,THE
(Depository Participants : CDSL)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 20A, 41,42(1) AND 58 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 IN MATTER OF BANK OF RAJASTHAN LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,000, ADMINISTRATION CHARGES RS.5,000 VIDE CONSENT ORDER)
17-FEB-2009
|
|
| 4 |
|
|
CENTRAL BANK OF INDIA
(Depository Participants : CDSL)
|
|
|
ALLEGED FAILURE IN COMPLIANCE WITH REGULATIONS 41,42(20,CLAUSES 4,15 AND 16 OF CODE OF CONDUCT UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
ALLEGED FAILURE IN COMPLIANCE WITH SECTIONS 19B AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.SEBI/MRD/DOP/CIR-22/2004 DATED 14/07/2004
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.MRD/DOP/DEP/SE/CIR-29/2004 DATED 24/08/2004
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.MRD/DOP/DEP/SE/CIR-17/06 DATED 27/10/2006
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.MRD/DOP/DEP/SE/CIR-22/06 DATED 18/12/2006
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.SEBI/MRD/DOP/DEP/CIR-03/2007 DATED 13/02/2007
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
16-FEB-2010
|
|
| 5 |
|
|
CENTURION BANK OF PUNJAB LTD.
(Depository Participants : CDSL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.8,00,000 VIDE CONSENT ORDER)
29-JUL-2009~
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 21/02/2007
AD-INTERIM EX PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.8,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 27/07/2009
|
| 6 |
|
|
DEVELOPMENT CREDIT BANK LTD.
(Depository Participants : CDSL)
|
|
|
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.MRD/DOP/DEP/SE/CIR-22/06 DATED 18/12/2006
ALLEGED FAILURE IN COMPLIANCE WITH SEBI CIRCULAR NO.MRD/DOP/DEP/SE/CIR-29/2004 DATED 24/08/2004
ALLEGED FAILURE IN COMPLIANCE WITH SECTION 19D AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED FAILURE IN COMPLIANCE WITH REGULATIONS 42(2),54(4),CLAUSES 4,15 AND 16 OF CODE OF CONDUCT UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
ALLEGED FAILURE IN COMPLIANCE WITH CLAUSES 5.3.3,13.8.1 AND 7.1.3 OF ANNEXURE B TO CDSL BYE LAWS, COMMUNIQUE NO.278 DATED 11/06/2003 AND OPERATING INSTRUCTIONS NOS.2.2.3, 2.4.6, 2.4.15, 2.4.25,3.4, 3.4.2,16.3,10.5.3,8.5.2 AND 4.4.15
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)
02-MAR-2010
|
|
| 7 |
|
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
ALLEGED CHARGING OF HIGHER BROKERAGE FROM CLIENTS TOWARDS PURCHASED AND SALE OF SHARES
ALLEGED INDULGENCE IN FUND-BASED ACTIVITIES BY LENDING AND BORROWING FUNDS FOR TRANACTIONS OF CLIENTS AND CHARGING INTEREST
ALLEGED NON-COLLECTION OF MARGINS FROM CLIENTS AND PERMITTED THEM TO TRADE WITHOUT SUFFICIENT CASH BALANCE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
02-AUG-2011
|
|
| 8 |
|
|
HDFC BANK LTD.
(PAN:AAACH2702H)
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
D TO DISGORGE RS.1,63,75,940
21-NOV-2006~
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
22-DEC-2008~
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.1,63,75,939.68 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH NSDL, JHAVERI SECURITIES PVT.LTD., KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., IDBI BANK LTD., KARVY STOCK BROKING LTD., ING VYSYA BANK LTD.AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 23/11/2006
|
| 9 |
|
|
HSE SECURITIES LTD.
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN REDRESSAL OF INVESTOR GRIEVANCE
ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS
ALLEGED REJECTION OF DEMAT REQUEST OF INVESTORS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.5,000 VIDE CONSENT ORDER)
02-MAR-2009
|
|
| 10 |
|
|
INDIA INFOLINE LTD.
(PAN:AAACI7105D)
(Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 20A, 49, 54(4) AND 61 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 IN MATTER OF INDIA INFOLINE LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.75,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
05-JUN-2009
|
|
| 11 |
|
|
INFINITE FINANCIAL SERVICES PVT.LTD.
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
24-JUL-2008~
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 25/01/2007
APPLICANT AGREED TO PAY RS.4,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 24/07/2008
|
| 12 |
|
|
INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.
(PAN:AAACI0989F)
(Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED OPENING OF MULTIPLE DEMATERIALIZED ACCOUNTS WITH COMMON ADDRESSES IN NAMES OF BENAMI OR FICTITIOUS ENTITIES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
22-JUL-2008
|
|
| 13 |
|
|
ING VYSYA BANK LTD.
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
D TO DISGORGE RS.55,48,690
21-NOV-2006~
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
16-FEB-2009~
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS TILL CONCLUSION OF ENQUIRY
DIRECTED TO DISGORGE AN AMOUNT OF RS.5548690.27 (SEVERALLY) AND RS.900218451.80 (JOINTLY WITH NSDL, KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., JHAVERI SECRITIES PVT.LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
|
| 14 |
|
|
INVENTURE GROWTH & SECURITIES LTD.
(PAN:AAACI2044K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN MANIPULATIVE TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,00,000 VIDE CONSENT ORDER)
07-JUN-2010
|
|
| 15 |
|
|
JHAVERI SECURITIES LTD.
(PAN:AAACJ4727A)
(Depository Participants : NSDL)
|
|
|
|
KAMLESH JHAVERI
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE ACTING AS A SEBI REGISTERED INTERMEDIARY
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
D TO DISGORGE RS.43,83,133
21-NOV-2006~
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
22-DEC-2008~
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FOR A PERIOD OF NINE MONTHS COMMENCING FROM SEBI' ORDER DATED 27/04/2006
DIRECTED TO DISGORGE AN AMOUNT OF RS.43,83,133.10 (SEVERALLY) AND RS.90,02,18,451.80(JOINTLY WITH NSDL, KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
|
| 16 |
|
|
KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD.
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
D TO DISGORGE RS.28,72,972
21-NOV-2006~
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
29-JUL-2009~
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.28,72,971.90 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH NSDL, HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., JHAVERI SECURITIES PVT.LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 22/01/2007
|
| 17 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/OTC)
|
|
|
EXTENDED “DELAYED PAYMENT FACILITY” SIMILAR TO “MARGIN TRADING FACILITY” TO ITS CLIENTS
|
IMPOSED PENALTY RS.10,00,000
24-DEC-2008
SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000, LEGAL EXPENSES RS.25,000 VIDE CONSENT ORDER)
07-SEP-2009~
|
SAT: ORDER DATED 24/12/2008 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.12,00,000 TOWARDS SETTLEMENT CHARGES AND RS.25,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 18 |
|
|
MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH CROSS, STRUCTURED AND SYNCHRONIZED DEALS IN SCRIP OF SHAMKEN MULTIFAB LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHAMKEN MULTIFAB LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 19 |
|
|
MOTILAL OSWAL SECURITIES LTD.
(PAN:AAACD3654Q)
(Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED FAILURE IN ADHERE TO KNOW YOUR CLIENTS DIRECTIVES/INSTRUCTIONS/GUIDELINES WHILE OPENING 697 DEMAT ACCOUNTS WITH COMMON ADDRESSES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
06-MAY-2010
|
|
| 20 |
|
|
MPSE SECURITIES LTD.
(Depository Participants : CDSL)
|
|
|
ALLEGED NON-MAINTENANCE OF PROPER BOOKS OF ACCOUNTS, RECORDS AND OTHER DOCUMENTS AS REQUIRED TO BE MAINTAINED BY DEPOSITORY PARTICIPANTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
30-SEP-2008
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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