| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANAND RATHI FINANCIAL SERVICES LTD.
(PAN:AABCA3577G)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DISCREPANCIES IN PROCESSING OF DELIVERY INSTRUCTION SLIP
DEFAULTED IN DELIVERY OF CONTRACT NOTES IN RESPECT OF BOUNCED ELECTRONIC CONTRACT NOTES
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
|
IMPOSED PENALTY RS.5,00,000
30-NOV-2011
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
BEELINE BROKING LTD.
(PAN:AAGCB0134P)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DID NOT HAVE PROOF OF ORDER ACCEPTANCE VERIFICATION
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT ADHERE TO DELIVERY INSTRUCTION SLIP (DIS) AND TRANSFER RELATED ASPECT
|
IMPOSED PENALTY RS.12,00,000
15-SEP-2021
|
|
| 4 |
|
|
BOI SHAREHOLDING LTD.
(Depository Participants : NSDL/CDSL)
|
|
|
DID NOT ADHERE TO ANTI-MONEY LAUNDERING CIRCULAR, BENEFICIAL OWNERSHIP CIRCULAR AND ADDENDUM TO AML CIRCULAR VIOLATING CLAUSE 11 OF THIRD SCHEDULE OF CODE OF CONDUCT FOR PARTICIPANTS READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.6,00,000
31-JUL-2017
|
SAT: SAT VIDE ITS ORDER DATED 12/04/2018 REDUCED THE PENALTY AMOUNT TO RS.6 LACS FROM RS.40 LACS. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 20/01/2021 DISPOSED OFF PRESENT APPEAL AND DIRECTED SEBI TO CONSIDER AND DECIDE REVIEW APPLICATION OF THE APPELLANTS WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 5 |
|
|
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
|
|
| 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 |
|
|
DSE FINANCIAL SERVICES LTD.
(PAN:AABCD7233N)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
VIOLATED REGULATIONS 20A, 42 AND 54 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.4,00,000
10-APR-2012
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 8 |
|
|
IFCI FINANCIAL SERVICES LTD.
(PAN:AAACI0567P)
(Depository Participants : CDSL/NSDL)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI CIRCULAR NO.CIR/MRD/DMS/13/2010 DATED 23/04/2010 READ WITH CIR/MRD/DMS/28/2010 DATED 31/08/2010 VIOLATING CLAUSE 11 OF CODE OF CONDUCT SPECIFIED UNDER THIRD SCHEDULE READ WITH REGULATION 20AA AND 20(2)(B) OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 1996
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.2,00,000
16-MAY-2019
|
|
| 9 |
|
|
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
|
|
| 10 |
|
|
JAINAM SHARE CONSULTANTS PVT.LTD.
(PAN:AABCJ3918N)
(Depository Participants : CDSL)
|
|
|
DID NOT COMPLETELY UPDATED POA IN RESPECT OF EXISTING CLIENTS VIOLATING CLAUSE 11 OF CODE OF CONDUCT AS SPECIFIED UNDER THIRD SCHEDULE READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DELAY IN IMPLEMENTATION OF NEW FORMAT OF POA AS PRESCRIBED VIDE SEBI CIRCULAR NO. CIR/MRD/DMS/13/2010 DATED 23/04/2010
|
IMPOSED PENALTY RS.5,00,000
03-SEP-2015
|
|
| 11 |
|
|
JAYPEE CAPITAL SERVICES LTD.
(PAN:AAACJ0628A)
(Depository Participants : CDSL/NSDL)
|
|
|
DID NOT INFORM SEBI ABOUT TERMINATION OF AGREEMENT BY DEPOSITORIES VIOLATING CLAUSE 14 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
31-MAR-2020
|
|
| 12 |
|
|
JSEL SECURITIES LTD.
(Depository Participants : CDSL)
|
|
|
INDULGED IN IRREGULARITIES IN CAPTURING AND PUNCHING DETAILS OF DELIVERY INSTRUCTION SLIPS
INDULGED IN MISAPPROPRIATION OF SHARES THROUGH ISSUANCE OF FAKE DELIVERY INSTRUCTION SLIPS AS REQUIRED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT ADHERE TO PROPER PROCEDURE PERTAINING TO CLIENT AGREEMENTS AS REQUIRED UNDER REGULATION 41 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT FOLLOW MAKER CHECKER SYSTEM WHILE PROCESSING DIS AS REQUIRED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.1,00,000
31-MAR-2010
|
SAT: SAT VIDE ITS ORDER DATED 13/02/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER, IF ANY, WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 16/04/2024 CONDONED THE DELAY IN FILING OF APPEAL
|
| 13 |
|
|
PARSOLI CORP.LTD.
(PAN:AABCP9030F)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
|
A.HAMEED A.GAFFAR MEMON
|
|
|
ABDUL HAMEED ABDUL GAFFER MEMON
|
|
|
ABDULHAMED A.GAFFAR MEMON
|
|
|
ABDULSAMAD ABDUL GAFFER MEMON
|
|
|
AHMED ZAFAR SARESHWALA
|
|
|
AMENA MAKSUD KOTHAWALA
|
|
|
ASLAMKHAN REHMATKHAN PATHAN
|
|
|
ASMA UVES SARESHWALA
|
|
|
FATEMA MUKHTAR KOTHAWALA
|
|
|
FATEMA UVES SARESHWALA
|
|
|
GULAM RASOOL MOHIUDDIN BOMBAYWALA
|
|
|
HABIB ZAFAR SARESHWALA
PAN:BGKPS5329B
|
|
|
IFTEKHAR MOHAMMED YUSUF MANSOORI
|
|
|
KHADIJA ZAFAR SARESHWALA
|
|
|
MAKSUD YUSUFBHAI KOTHAWALA
|
|
|
MANSURI IFTEKHAR M.YUSUF
|
|
|
MARIAM YUSUF KOTHAWALA
|
|
|
MOHAMMED A.KOTHAWALA
|
|
|
MOHAMMED ALIBHAI KOTHAWALA
PAN:ADUPK0440R
|
|
|
MUKHTAR YUSUFBHAI KOTHAWALA
|
|
|
NASIR MALIK
|
|
|
QUDSIYA TALHA SARESHWALA
|
|
|
SALEHA MOHAMMED YUNUS SARESHWALA
|
|
|
SUMAIYA TALHA SARESHWALA
|
|
|
TALHA SARESHWALA
|
|
|
TALHA YUNUS SARESHWALA
|
|
|
UMAR UVES SARESHWALA
PAN:BFQPS9169J
|
|
|
UVES MOHAMMED YUNUS SARESHWALA
DIN:00123493
PAN:AOFPS5856M
|
|
|
YUSUFBHAI UMARBHAI KOTHAWALA
|
|
|
ZAFAR YUNUS SARESHWALA
DIN:00123536
PAN:ANYPS8494D
|
|
INDULGED IN CONSPIRACY WITH REGISTRAR IN GETTING SHARES TRANSFERRED FRAUDULENTLY IN THEIR ACCOUNT IN MATTER OF PARSOLI CORP.LTD.
INDULGED IN CONSPIRACY WITH REGISTRAR IN DELAYING TRANSFER OF SHARES IN MATTER OF PARSOLI CORP.LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 20-FEB-2009 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-FEB-2009 TILL FURTHER ORDERS
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 20-FEB-2009 TILL FURTHER ORDERS
DIRECTED TO REMOVE PINNACLE SHARES REGISTRY PVT.LTD. AS REGISTRAR AND TRANSFER AGENT AND APPOINT ANOTHER REGISTRAR AND TRANSFER AGENT WITHIN SIX MONTHS
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 20-FEB-2009 TILL FURTHER ORDERS
DIRECTED TO CONDUCT SECRETARIAL AUDIT TO IDENTIFY ACTUAL SHAREHOLDERS AND RECONCILE THEIR RECORDS
20-FEB-2009
|
SAT: APPEAL DISMISSED AS WITHDRAWN
SAT: DIRECTED SEBI TO CONCLUDE ENQUIRY PROCEEDINGS AT THE EARLIEST BUT NOT LATER THAN 31/07/2010, EVEN IF APPELLANT DOES NOT FILE ITS REPLY WITH NO ORDER AS TO COSTS
|
| 14 |
|
|
RTG SHARE BROKING LTD.
(PAN:AADCR9629L)
(Depository Participants : CDSL)
|
|
|
ALLEGED VIOLATION OF SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 & CIR/ISD/AML/1/2008 DATED 19/12/2008 AND CLAUSE 11 OF SCHEDULE III OF CODE OF CONDUCT READ WITH REGULATION 20AA AND 64 OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,55,000 VIDE CONSENT ORDER)
08-FEB-2018
|
|
| 15 |
|
|
SEEMA SECURITIES PVT.LTD.
(PAN:AACCS7683Q)
(Depository Participants : CDSL,Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
ALLOWED TERMINAL TO UNAUTHORISED USERS
DIRECTORS ACTED AS SUB-BROKER VIOLATING REGULATION 15A OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT HAVE EXCLUSIVE E-MAIL ID FOR REDRESSAL OF INVESTOR GRIEVANCES
PAID INTEREST TO CLIENTS ON CREDIT BALANCES VIOLATING RULES 8(1)(F) AND 8(3)(F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
DID NOT BLOCK LOST DEPOSIT INSTRUCTION SLIP (DIS) BOOKLET IN SYSTEM VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
EXECUTED DELIVERY INSTRUCTIONS WITHOUT SIGNATURE OF BENEFICIAL OWNER ON REQUISITION SLIP VIOLATNG CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT REFUND CREDIT BALANCE TO CLIENTS AT THE TIME OF CLOSURE OF ACCOUNT VIOLATING CLAUSE 4 OF CODE OF CONDUCT FOR UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.5,00,000
01-MAY-2015
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 16 |
|
|
SHILPA STOCK BROKER PVT.LTD.
(PAN:AAECS9799R)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN FURNISHING OF INFORMATION , DELAY IN DEMATERIALISATION OR ISSUE OF CERTIFICATE OF SECURITIES VIOLATING REGULATION 19A, 19D AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED FAILURE IN OPENING OF SEPARATE ACCOUNTS IN NAME OF EACH BENEFICIAL OWNER AND DID NOT FURNISH DETAILS OF SURRENDER OF SECURITIES TO ISSUER ALONGWITH CERTIFICATE OF SECURITY VIOLATING REGULATION 42(1) AND 54(4) OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
10-FEB-2010
|
|
| 17 |
|
|
SOUTH INDIAN BANK LTD.,THE
(Depository Participants : CDSL)
|
|
|
ALLEGED VIOLATION OF SECTIONS 14(3), 19D AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED VIOLATION OF REGULATIONS 42(2),42(3),49(C),54(4),CLAUSES 1,2,3,4,15 AND 16 OF CODE OF CONDUCT PRESCRIBED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
31-MAR-2010
|
|
| 18 |
|
|
SURAT PEOPLE'S CO-OPERATIVE BANK LTD.,THE
(Depository Participants : NSDL)
|
|
|
VIOLATED SEBI REGULATION REGARDING PROCESSING OF DEMATERIALISATION REQUESTS WITHIN THE STIPULATED PERIOD
DID NOT FOLLOW PRESCRIBED PROCEDURE FOR OPENING OF BENEFICIARY ACCOUNT
|
IMPOSED PENALTY RS.20,000
29-SEP-2005
|
|
| 19 |
|
|
TR CAPITAL LTD.
(Depository Participants : CDSL)
|
|
|
ALLEGED FAILURE TO MAINTAIN PROOF OF DISPATCH OF HOLDING AND TRANSACTIONS STATEMENTS TO CLIENTS AND MAINTAIN ARMS LENGTH RELATIONSHIP BETWEEN ITS BROKING ACTIVITY AND OPERATIONS AS DEPOSITORY PARTICIPANT VIOLATING REGULATION 49(1) (C) OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996, INSTRUCTIONS 16.4 AND 16.8 OF CENTRAL DEPOSITORY SERVICES INDIA LTD. AND CLAUSES 1,3,4,11, 16 AND 20 OF THIRD SCHEDULE OF CODE OF CONDUCT FOR PARTICIPANTS READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,20,000 VIDE CONSENT ORDER)
22-MAR-2019
|
|
| 20 |
|
|
TRANSWORLD SECURITIES LTD.
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
ALLEGED FAILURE IN TAKING PROOF OF IDENTITY AND ADDRESS OF ITS CLIENTS WHILE OPENING BENEFICIARY ACCOUNTS
ALLEGED FAILURE IN MAINTENANCE OF NOMINATION REGISTER
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN APPOINTMENT OF NCFM CERTIFIED PERSONS IN SOME OF ITS BRANCHES
ALLEGED DELAY IN SUBMISSION OF ANNUAL ACCOUNTS AND NETWORTH CERTIFICATE TO NSDL
ALLEGED DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
27-MAY-2011
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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