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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 : 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.

DEPOSITORY PARTICIPANTS: VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ADITYA BIRLA MONEY LTD.

(PAN:AAACA7472K)

(Depository Participants : CDSL/NSDL,Member : BSE/NSE)  
  CARRIED OUT PORTFOLIO MANAGEMENT SERVICES (PMS) WITHOUT ENTERING INTO AGREEMENT WITH THE CLIENTS

MISLED CLIENTS BY UNDERSTATING LOSSES AND OVERSTATING PROFITS

LOSSES COVERED BY PREMIUM ON SALE OF OPTIONS AND SHOWN ONLY AT LATER STAGES

CHARGED DELAYED PAYMENT AND LATE PAY-IN CHARGES

DID NOT HAVE ADEQUATE SYSTEMS AND INTERNAL CONTROLS

DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS

DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM

TRANSFERRED SECURITIES WORTH RS.5,41,502.76 FROM CLIENT DEMAT TO PRO ACCOUNT

DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES

DID NOT ENABLE SMS ALERT FACILITY FLAG IN DEPOSITORY PARTICIPANT MODULE

ACTIVATED POWER OF ATTORNEY WITHOUT OBTAINING MOBILE NUMBER FROM CLIENT   		IMPOSED PENALTY RS.1,02,00,000

04-OCT-2021 		SAT: SAT VIDE ITS ORDER DATED 06/12/2021 DISPOSED OF THE STAY APPLICATION AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. FURTHER, DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING PENDENCY OF THE APPEAL

SAT: SAT VIDE ITS ORDER DATED 23/12/2021 DISPOSED OFF THE MATTER AND DIRECTED AO TO CONSIDER THE OBJECTIONS RAISED BY APPELLANT AT THE TIME WHEN THE MATTER FINALLY DECIDED  
2
History of entity/person ALLIED FINANCIAL SERVICES PVT.LTD.

(PAN:AAACA2020K)

(Depository Participants : NSDL,Member : NSE)  
  MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN CONTINUOUS NETWORTH

DID NOT CAPTURE INCOME DETAILS OF CLIENTS

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES

PROVIDED DISPROPORTIONATE EXPOSURE TO CLIENTS

DEALT WITH UNREGISTERED ENTITIES

PROMISED ASSURED RETURNS TO CLIENTS   		CANCELLED REGISTRATION AS STOCK BROKER FROM 17-MAY-2023

CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT

17-MAY-2023 		 
3
History of entity/person ANUGRAH STOCK & BROKING PVT.LTD.

(PAN:AAACW2920N)

(Depository Participants : CDSL,Member : NSE/BSE/MSEI)  
Click here to view complete history of this specific entity/person PARESH MULJI KARIYA

PAN:AAEPK0469M
Click here to view complete history of this specific entity/person SADHANA PARESH KARIYA

PAN:AJHPK6018N
  		MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS

INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION

PROMISED ASSURED RETURNS TO CLIENTS

DEFAULTED IN MAINTENANCE OF CLIENT LEDGER

INDULGED IN MANIPULATIVE, FRAUDULENT OR DECEPTIVE SCHEMES WHILE DEALING IN SECURITIES MARKET   		DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-FEB-2023 TO 27-FEB-2030

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-FEB-2023 TO 27-FEB-2030

DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS

IMPOSED PENALTY RS.4,00,00,000

28-FEB-2023 		SAT: SAT VIDE ITS ORDER DATED 24/10/2024 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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