| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANAND SUBRAMANIAN
(PAN:AARPA8290K)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
DID NOT VERIFY LICENSE OF THE SERVICE PROVIDER WHERE THE CONNECTION THROUGH BROKER'S RACK WAS UNFAIR
VIOLATED PRINCIPAL OF TRANSPARENCY BY ADOPTING MODE OF COMMUNICATION FOR MAKING CHANGES TO EXISTING CIRCULARS
DID NOT HAVE TRANSPARENT POLICY TO CONDUCTDUE DILIGENCE OF SERVICE PROVIDERS AT THE TIME OF ALLOWING P2P CONNECTIVITY AND AT THE TIME OF GRANTING PERMISSION TO SAMPARK TO PLACE INFRASTRUCTURE IN NSE MMR
DENIED MILLENNIUM STOCK BROKING PVT.LTD. TO AVAIL P2P CONNECTIVITY OF SAMPARK BY INSTALLING MUX DIRECTLY IN ITS RACK WHILE OTHER MEMBERS (WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES) AVAILED THE SAME BENEFIT
FACILITATED LAYING OF CABLE FOR WAY2WEALTH BROKERS PVT.LTD. (BY SAMPARK) SO AS TO PROVIDE LATENCY ADVANTAGE TO WAY2WEALTH BROKERS PVT.LTD. OVER OTHER STOCK BROKERS
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
IMPOSED PENALTY RS.5,00,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 28/06/2022
|
| 2 |
|
|
ANAND SUBRAMANIAN
(PAN:AARPA8290K)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
VIOLATED PART B OF SCHEDULE II OF SECC REGULATIONS, 2012 READ WITH REGULATION 26(2) OF SECC REGULATIONS, 2012 READ WITH SEBI MASTER CIRCULAR DATED 31/12/2010
FACILITATED LAYING OF CABLE FOR WAY2WEALTH BROKERS PVT.LTD. (BY SAMPARK) SO AS TO PROVIDE LATENCY ADVANTAGE TO WAY2WEALTH BROKERS PVT.LTD. OVER OTHER STOCK BROKERS
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY IN MANAGEMENT AND/OR OR BOARD OF OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2022
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH A COMPANY LISTED IN ANY OF THE STOCK EXCHANGE RECOGNIZED BY SEBI FROM 30-APR-2019 TO 29-APR-2022
30-APR-2019
|
|
| 3 |
|
|
CHITRA RAMKRISHNA
(PAN:ABVPR7353M)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
SHARED INTERNAL CONFIDENTIAL INFORMATION OF NSE WITH UNKNOWN PERSON AND ALLOWED HER DECISIONS ON VARIOUS ASPECTS OF THE FUNCTIONING OF THE STOCK EXCHANGE TO BE INFLUENCED BY THAT PERSON VIOLATING CLAUSE V(D), (E) AND (F) OF CODE OF CONDUCT AS SPECIFIED UNDER PART A OF SCHEDULE II READ WITH REGULATION 26(1) OF SEBI (SECC) REGULATIONS, 2012
MADE INCORRECT AND MISLEADING STATEMENT BEFORE NSE THAT THE UNKNOWN PERSON WAS A ‘SIDDHA-PURUSHA’ AND ‘PARAMHANSA, WHO DID NOT HAVE PHYSICAL PERSONA AND COULD MATERIALIZE AT WILL VIOLATING SECTION 6(4) OF SCRA, 1956
|
RESTRAINED FROM ASSOCIATING WITH ANY MARKET INFRASTRUCTURE INSTITUTION OR ANY INTERMEDIARY REGISTERED WITH SEBI
IMPOSED PENALTY RS.3,00,00,000
11-FEB-2022
|
SAT: SAT VIDE ITS ORDER DATED 11/04/2022 CONDONED THE DELAY OF 8 DAYS IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER ON OR BEFORE THE DATE FIXED. DIRECTED NSE TO DEPOSIT RS 4.73 TOWARDS LEAVE ENCASHMENT AND DEFERRED BONUS OF THE APPELLANT IN ESCROW ACCOUNT AND DIRECTED APPELLANT TO DEPOSIT RS.2 CRORE WITHIN SIX WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL
SEBI VIDE ITS NOTICE DATED 24/05/2022 DIRECTED TO PAY A RS.3,12,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 4 |
|
|
CHITRA RAMKRISHNA
(PAN:ABVPR7353M)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
VIOLATED PRINCIPAL OF TRANSPARENCY BY ADOPTING MODE OF COMMUNICATION FOR MAKING CHANGES TO EXISTING CIRCULARS
GAVE PREFERENTIAL TREATMENT TO WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES BY ALLOWING THEM TO ENGAGE A NON-ELIGIBLE ENTITY SAMPARK TO PROVIDE P2P CONNECTIVITY AT NSE COLO
ARRANGED CABLING THROUGH SAMPARK IN ITS CO-LOCATION RACK BOTH AT NSE AND BSE ENDS IN SUCH A MANNER THAT W2W HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS CONNECTED TO SAMPARK MUX PLACED IN NSE MMR
DENIED MILLENNIUM STOCK BROKING PVT.LTD. TO AVAIL P2P CONNECTIVITY OF SAMPARK BY INSTALLING MUX DIRECTLY IN ITS RACK WHILE OTHER MEMBERS (WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES) AVAILED THE SAME BENEFIT
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
RECOMMENDED ITS MEMBERS TO MOVE FROM SAMPARK TO RELIANCE COMMUNICATIONS LTD.
DELAY IN PROCESSING OF REQUESTS OF STOCK-BROKERS / DATA VENDORS TO AVAIL CO-LOCATION/PROXIMITY HOSTING
GRANTED PERMISSION TO SAMPARK TO PLACE MUX IN NSE MMR WITHOUT VERIFICATION OF LICENSE
GRANTED PERMISSION TO WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES TO AVAIL CONNECTIVITY OF SAMPARK WITHOUT VERIFYING THE LICENSE OF SAMPARK
FACILITATED ARRANGEMENT BETWEEN SAMPARK AND RELIANCE IN ATTEMPT TO REGULARIZE THE SAME TO GIVE POST-FACTO LEGITIMACY TO UNAUTHORIZED ACTIVITY OF SAMPARK
DID NOT ALLOW DIRECT P2P CONNECTIVITY BETWEEN NSE CO-LOCATION AND BSE CO-LOCATION
DID NOT MANAGE THE LOAD ON THEIR SYSTEMS PROPERLY OR DID NOT WANT TO GIVE DUCT SPACE TO OTHER BROKERS
DID NOT VERIFY LICENSE OF THE SERVICE PROVIDER WHERE THE CONNECTION THROUGH BROKER'S RACK WAS UNFAIR
FACILITATED LAYING OF CABLE FOR WAY2WEALTH BROKERS PVT.LTD. (BY SAMPARK) SO AS TO PROVIDE LATENCY ADVANTAGE TO WAY2WEALTH BROKERS PVT.LTD. OVER OTHER STOCK BROKERS
|
IMPOSED PENALTY RS.3,50,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 PARTLY ALLOWED THE APPEAL BY QUASHING PENALTY
OF RS.3 CRORE FOR VIOLATION UNDER REGULATIONS 3 AND 4 OF PFUTP REGULATIONS READ WITH 12A OF THE SEBI ACT. AND REDUCED PENALTY AMOUNT TO RS.25 LAC FROM RS.1 CRORE U/S 23H OF SCRA AND U/S 15HB OF SEBI ACT.
|
| 5 |
|
|
CHITRA RAMKRISHNA
(PAN:ABVPR7353M)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
FAILED TO ENSURE FAIR, TRANSPARENT AND EQUITABLE ACCESS TO ALL TRADING MEMBERS IN RESPECT OF THE CO-LOCATION FACILITY, VIOLATING REGULATION 41(2) OF SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012
|
DIRECTED TO DISGORGE 25% OF SALARY DRAWN FOR FY.2013-14 TO IPEF WITHIN 45 DAYS FROM DATE OF THIS ORDER
PROHIBITED FROM ASSOCIATING WITH ANY LISTED COMPANY OR MARKET INFRASTRUCTURE INSTITUTION OR ANY OTHER MARKET INTERMEDIARY FROM 30-APR-2019 TO 29-APR-2024
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE THE DIRECTIONS TO DISGORGE 25% OF THE SALARY AND SET ASIDE ORDER OF PROHIBITION FROM ASSOCIATING WITH ANY LISTED COMPANY OR A MARKET INFRASTRUCTURE INSTITUTION OR ANY OTHER MARKET INTERMEDIARY AND SUBSTITUTED FOR THE PERIOD UNDERGONE BY THEM
SAT: SAT VIDE ITS ORDER DATED 09/06/2023 ALLOWED THE APPLICATION AND DIRECTED WTM TO DECIDE THE MATTER AS PER SAT ORDER DATED 23/01/2023 WITHIN SIX MONTHS FROM DATE OF THIS ORDER
|
| 6 |
|
|
CHITRA RAMKRISHNA
(PAN:ABVPR7353M)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
DID NOT EXERCISE ADEQUATE DILIGENCE WITH REGARD TO CO-LOCATION/ALLEGED DARK FIBRE/LEASED LINE CONNECTIVITY TO CERTAIN STOCK BROKERS
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY IN MANAGEMENT AND/OR OR BOARD OF OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2022
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH A COMPANY LISTED IN ANY OF THE STOCK EXCHANGE RECOGNIZED BY SEBI FROM 30-APR-2019 TO 29-APR-2022
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 7 |
|
|
CHITRA RAMKRISHNA
(PAN:ABVPR7353M)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
DID NOT ADHERE TO PART A AND PART B OF SCHEDULE II OF (SECC) REGULATIONS READ WITH REGULATIONS 26(1) AND 26(2) OF SEBI (SECC) REGULATIONS AND CLAUSE 3.8.1 OF SEBI MASTER CIRCULAR DATED 31/12/2010
|
IMPOSED PENALTY RS.25,00,000
10-FEB-2021
|
SAT: SAT VIDE ITS ORDER DATED 21/04/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. IN THE MEANTIME, THE EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN IN ABEYANCE DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 30/09/2022 DIRECTED TO FILE REJOINDER WITHIN THREE WEEKS FROM DATE OF THIS ORDER
|
| 8 |
|
|
DEVIPRASAD SINGH
(PAN:AAZPS9535R)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
PERMITTED TO PLACE INFRASTRUCTURE WITHOUT VERIFYING THE SAMPARK
PERMITTED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO AVAIL CONNECTIVITY OF SAMPARK WITHOUT VERIFYING LICENSE OF SAMPARK
DENIED MILLENNIUM STOCK BROKING PVT.LTD. TO AVAIL P2P CONNECTIVITY OF SAMPARK BY INSTALLING MUX DIRECTLY IN ITS RACK WHILE OTHER MEMBERS (WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES) AVAILED THE SAME BENEFIT
ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO ARRANGE CABLING THROUGH SAMPARK IN THE COLOCATION RACK IN A MANNER THAT WAY2WEALTH BROKERS PVT.LTD.HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS/STOCK BROKERS
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 28/11/2019 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 9 |
|
|
DEVIPRASAD SINGH
(PAN:AAZPS9535R)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
FAILED TO ENSURE FAIR, TRANSPARENT AND EQUITABLE ACCESS TO ALL TRADING MEMBERS IN RESPECT OF THE CO-LOCATION FACILITY, VIOLATING REGULATION 41(2) OF SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012
|
DIRECTED NSE TO INITIATE ENQUIRY UNDER ITS EMPLOYEES REGULATIONS AGAINST MR.MAHESH SOPARKAR AND MR.DEVIPRASAD SINGH AND SUBMIT REPORT TO SEBI WITHIN SIX MONTH FROM DATE OF THIS ORDER
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 28/11/2019 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE DIRECTIONS TO DISGORGE RS.15.57 CRORE ALONG WITH INTEREST @12% P.A. FROM 07/04/2014 ONWARDS AND MATTER REMITTED TO WTM TO DECIDE THE QUANTUM OF DISGORGEMENT AFRESH WITHIN FOUR MONTHS FROM DATE OF THIS ORDER. IN ADDITION DIRECTED WTM TO CONSIDER THE CHARGE OF CONNIVANCE AND COLLUSION OF OPG SECURITIES LTD. AND ITS DIRECTORS WITH ANY EMPLOYEE/OFFICIALS OF NSE.
|
| 10 |
|
|
DEVIPRASAD SINGH
(PAN:AAZPS9535R)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
PERMITTED TO PLACE INFRASTRUCTURE WITHOUT VERIFYING THE SAMPARK
PERMITTED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO AVAIL CONNECTIVITY OF SAMPARK WITHOUT VERIFYING LICENSE OF SAMPARK
DENIED MILLENNIUM STOCK BROKING PVT.LTD. TO AVAIL P2P CONNECTIVITY OF SAMPARK BY INSTALLING MUX DIRECTLY IN ITS RACK WHILE OTHER MEMBERS (WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES) AVAILED THE SAME BENEFIT
ALLOWED WAY2WEALTH BROKERS PVT.LTD. TO ARRANGE CABLING THROUGH SAMPARK IN THE COLOCATION RACK IN A MANNER THAT WAY2WEALTH BROKERS PVT.LTD.HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS/STOCK BROKERS
|
IMPOSED PENALTY RS.1,05,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 28/06/2022. PAY PENALTY TO RS.5 LAC U/S 15HB OF SEBI ACT.
|
| 11 |
|
|
G.M.SHENOY
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 12 |
|
|
KAMALA K.
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 13 |
|
|
LATIKA KUNDU
(PAN:AHCPK0733B)
|
|
|
|
METROPOLITAN STOCK EXCHANGE OF INDIA LTD.
PAN:AAFCM6942F
|
|
DID NOT FOLLOW STANDARD OPERATING PROCEDURE (SOP) WHILE APPOINTING EMPLOYEES
DID NOT DESIGNATE A FEW EMPLOYEES AS KEY MANAGEMENT PERSONNEL (KMP) AND GAVE CLEAN CHIT TO MR.KUNDAN ZAMVAR AND MR.KUNAL SANGHAVI EVEN AFTER KNOWING FACT THAT THEIR NAMES WERE HIGHLIGHTED IN ANOMALIES
|
IMPOSED PENALTY RS.4,00,000
31-JUL-2023
|
SAT: SAT VIDE ITS ORDER DATED 06/09/2023 RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS. DIRECTED APPELLANT TO DEPOSIT RS.10 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AND STAYED EFFECT AND OPERATION OF IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 24/10/2024 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 31/07/2023
|
| 14 |
|
|
M.R.SHASHIBHUSHAN
(PAN:ABDPB4470B)
|
|
|
|
WAY2WEALTH BROKERS PVT.LTD.
PAN:AAACW3290M
(Member : NSE)
|
|
DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY
ARRANGED CABLING THROUGH SAMPARK IN ITS CO-LOCATION RACK BOTH AT NSE AND BSE ENDS IN SUCH A MANNER THAT W2W HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS CONNECTED TO SAMPARK MUX PLACED IN NSE MMR
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 15 |
|
|
M.R.SHASHIBHUSHAN
(PAN:ABDPB4470B)
|
|
|
|
WAY2WEALTH BROKERS PVT.LTD.
PAN:AAACW3290M
|
|
DIRECTLY BENEFITTED BY PREFERENTIAL TREATMENT BY NSE, SINCE NSE ALLOWED W2W TO CONTINUE TO USE SAMPARK LINE EVEN AFTER KNOWING THAT SAMPARK DID NOT HAVE REQUISITE LICENSES TO PROVIDE SUCH CONNECTIVITY
ARRANGED CABLING THROUGH SAMPARK IN ITS CO-LOCATION RACK BOTH AT NSE AND BSE ENDS IN SUCH A MANNER THAT W2W HAD LOWER LATENCY COMPARED TO OTHER TRADING MEMBERS CONNECTED TO SAMPARK MUX PLACED IN NSE MMR
|
IMPOSED PENALTY RS.10,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 23/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 PARTLY ALLOWED THE APPEAL AND SET AIDE PENALTY AMOUNT OF RS.1 CRORE U/S 15HA OF SEBI ACT. AND IMPOSED PENALTY OF RS.10 LAC U/S 15HB OF SEBI ACT.
|
| 16 |
|
|
MAHESH SOPARKAR
(PAN:AAJPS7041Q)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
FAILED TO ENSURE FAIR, TRANSPARENT AND EQUITABLE ACCESS TO ALL TRADING MEMBERS IN RESPECT OF THE CO-LOCATION FACILITY, VIOLATING REGULATION 41(2) OF SEBI (STOCK EXCHANGES & CLEARING CORPORATIONS) REGULATIONS, 2012
|
DIRECTED NSE TO INITIATE ENQUIRY UNDER ITS EMPLOYEES REGULATIONS AGAINST MR.MAHESH SOPARKAR AND MR.DEVIPRASAD SINGH AND SUBMIT REPORT TO SEBI WITHIN SIX MONTH FROM DATE OF THIS ORDER
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 28/11/2019 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE DIRECTIONS TO DISGORGE RS.15.57 CRORE ALONG WITH INTEREST @12% P.A. FROM 07/04/2014 ONWARDS AND MATTER REMITTED TO WTM TO DECIDE THE QUANTUM OF DISGORGEMENT AFRESH WITHIN FOUR MONTHS FROM DATE OF THIS ORDER. IN ADDITION DIRECTED WTM TO CONSIDER THE CHARGE OF CONNIVANCE AND COLLUSION OF OPG SECURITIES LTD. AND ITS DIRECTORS WITH ANY EMPLOYEE/OFFICIALS OF NSE.
|
| 17 |
|
|
MAYUR SINDHWAD
(PAN:BQCPS9399P)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| 18 |
|
|
NAGENDRA KUMAR S.R.V.S.
(PAN:AACPN7675E)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
GRANTED PERMISSION TO WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES TO AVAIL CONNECTIVITY OF SAMPARK WITHOUT VERIFYING THE LICENSE OF SAMPARK
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
IMPOSED PENALTY RS.1,05,00,000
28-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 14/12/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 28/06/2022. PAY PENALTY TO RS.5 LAC U/S 15HB OF SEBI ACT.
|
| 19 |
|
|
NAGENDRA KUMAR S.R.V.S.
(PAN:AACPN7675E)
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
GRANTED PERMISSION TO WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES TO AVAIL CONNECTIVITY OF SAMPARK WITHOUT VERIFYING THE LICENSE OF SAMPARK
ALLOWED WAY2WEALTH BROKERS PVT.LTD. AND GKN SECURITIES TO CONTINUE TO AVAIL SAMPARK CONNECTIVITY EVEN AFTER FINDING OUT THAT SAMPARK DID NOT HAVE REQUISITE LICENSE
DID NOT CONDUCT SITE INSPECTION OF WAY2WEALTH BROKERS PVT.LTD.AND GKN SECURITIES WHILE THE PROCEDURE OF CONDUCTING INSPECTION WAS FOLLOWED FOR MILLENNIUM, GRD AND SMC OFFICE FOR SUCH CONNECTIVITY
|
DIRECTED NOT TO HOLD ANY POSITION, EITHER DIRECTLY OR INDIRECTLY, IN OR BE ASSOCIATED, DIRECTLY OR INDIRECTLY, WITH ANY STOCK EXCHANGE, CLEARING CORPORATION, DEPOSITORY RECOGNIZED OR REGISTERED BY SEBI AND/OR IN ANY INTERMEDIARY REGISTERED WITH SEBI OR ANY OF THEIR RELATED ENTITIES FROM 30-APR-2019 TO 29-APR-2021
30-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 PARTLY ALLOWED THE APPEAL BY QUASHING DIRECTIONS GIVEN BY WTM OF DEBARRING FROM HOLDING ANY POSITION FOR THREE YEARS AS PER ORDER DATED 30/04/2019
|
| 20 |
|
|
NARAYAN NEELAKANTAN
|
|
|
|
NATIONAL STOCK EXCHANGE OF INDIA LTD.,THE
PAN:AAACN1797L
|
|
ALLEGED FAILURE TO TAKE REMEDIAL MEASURES TO PREVENT / DISCOURAGE ANY
POSSIBLE BYPASS OF TRADING ACCESS POINT (TAP)
ALLEGED FAILURE IN BRING INTO THE NOTICE OF NSES STANDING COMMITTEE THE COMPLAINT DATED 20/11/2013 AND DEFICIENCIES OF TRADING ACCESS POINT (TAP) SYSTEM
ALLEGED DELAY IN APPOINTMENT OF CHIEF INFORMATION SECURITY OFFICER BY NSE, NON-IMPLEMENTATION OF ENCRYPTION FEATURE IN TRADING ACCESS POINT (TAP) ETC. VIOLATING PROVISIONS OF SEBI CIRCULAR DATED 06/07/2015
ALLEGED FAILURE IN DESIGNATE CHIEF TECHNOLOGY OFFICER (CTO) AS KEY MANAGEMENT PERSONNEL (KMP) BY NSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,43,05,30,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
04-OCT-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 1 of 2
|
