| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.
(PAN:AAECA3909P)
(Depository Participants : CDSL,Member : NSE/BSE/MCX)
|
|
|
|
SANJEEV KUMAR SINHA
PAN:ALEPS6005L
|
|
CREATED PLEDGE OF SECUTITIES OF ITS CLIENTS AND DID NOT MAKE DISCLOSURE TO NSE VIOLATING CLAUSES A(1) AND A(5) OF CODE OF CONDUCT PRESCRIBED FOR STOCK BROKERS UNDER SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT ITS DP ACCOUNTS TO NSE VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 06-AUG-2021 TO 05-AUG-2026
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO CEASE & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 06-AUG-2021 TO 05-AUG-2026
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO UTILIZE ASSETS OF THE ENTITIES ONLY FOR THE PURPOSE OF PAYMENT OF MONEY AND/OR DELIVERY OF SECURITIES, AS THE CASE MAY BE, TO CLIENTS/INVESTORS UNDER THE SUPERVISION OF CONCERNED STOCK EXCHANGE(S)
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY BY AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD. AND AADYA COMMODITIES PVT.LTD. AND MR.SANJEEVA KUMAR SINHA EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER WRITTEN CONFIRMATION OF CONCERNED STOCK EXCHANGES
22-AUG-2017
|
SEBI VIDE ITS ORDER DATED 31/10/2018 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 22/08/2017 SUBJECT TO MODIFICATION MENTIONED IN INTERIM ORDER
SEBI VIDE ITS ORDER DATED 06/08/2021 DIRECTED TO A) CONTINUE RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHATSOEVER, EITHER DIRECTLY OR INDIRECTLY, FOR FURTHER 5 YEARS FROM DATE OF THIS ORDER B) JOINTLY AND SEVERALLY, BE LIABLE TO REPAY/REFUND THE INVESTORS/CLIENT’S MONEY WITH INTEREST OF 15% P.A. FROM THE DATE WHEN REPAYMENT BECAME DUE TILL DATE OF ACTUAL REPAYMENT UNDER SUPERVISION OF NSE, BSE AND MCX C) JOINTLY AND SEVERALLY, BE LIABLE TO RETURN THE SECURITIES DUE TO THE CLIENTS/INVESTORS OF AATIPL HAVING CREDIT BALANCES OR MONEY EQUIVALENT TO THEIR VALUE AS ON THE DATE WHEN SETTLEMENT OF SECURITIES BY AATIPL BECAME DUE TO SUCH CLIENTS UNDER SUPERVISION OF NSE, BSE AND MCX D) NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS, WHETHER MOVABLE OR IMMOVABLE (INCLUDING FUNDS IN THEIR BANK ACCOUNTS) OR CREATE ANY INTEREST OR CHARGE IN ANY SUCH ASSETS TILL SUCH TIME THE REFUNDS/REPAYMENTS
|
| 2 |
|
|
ELITE WEALTH ADVISORS LTD.
(PAN:AAACE0759K)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MADE WRONG NAMING/TAGGING OF DEMAT ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
SUBMITTED INCORRECT DATA TO STOCK EXCHANGE
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
IMPOSED PENALTY RS.10,00,000
28-JUL-2022
|
|
| 3 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
|
|
|
ALLEGED INDULGENCE IN MANAGEMENT OF FUNDS IN MANNER WHICH PARTAKES CHARACTER OF MUTUAL FUND
ALLEGED NOT TAKEN INTO ACCOUNT CLIENT NEEDS WHILE MANAGING CLIENT PORTFOLIO
ALLEGED USED TERM ‘SCHEME’ IN VARIOUS PLACES, INCLUDING IN AGREEMENT AND DISCLOSURE DOCUMENT
ALLEGED KYC OF CERTAIN CLIENTS FOUND TO BE INCOMPLETE
ALLEGED DID NOT PROVIDE ACTUAL AMOUNT OF FEES PAYABLE BY CLIENT AND FROZEN CLIENT’S ACCOUNTS AND NOT MANAGED FUNDS OF CLIENT
ALLEGED NOT ACT IN FIDUCIARY CAPACITY WITH REGARD TO CLIENT'S FUNDS, NOT OBSERVED HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS AND NOT RENDERED HIGH STANDARDS OF SERVICE
ALLEGED NOT UPLOADED EXISTING KYC WITH KRA
ALLEGED IMPOSED A LOCK-IN ON CLIENT'S FUNDS AND DID ALLOW CLIENTS TO WITHDRAW THEIR ASSETS BY VOLUNTARILY TERMINATING THE AGREEMENT
ALLEGED NOT DISCLOSE VARIOUS ACTIONS INITIATED/TAKEN BY SEBI AGAINST KSBL AND ITS ASSOCIATES IN DISCLOSURE DOCUMENT AND DISCLOSED THOSE PRODUCTS WHICH WEE NOT BEING OFFERED TO CLIENT
ALLEGED MISLED CLIENTS ON PERFORMANCE OF PORTFOLIOS BY MAKING EXAGGERATED STATEMENTS
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,80,000 VIDE CONSENT ORDER)
11-SEP-2017
|
|
| 4 |
|
|
KB CAPITAL MARKETS PVT.LTD.
(PAN:AABCK1174F)
|
|
|
|
KAUSHIK PODDAR
|
|
|
PRASHANT KHANDELWAL
|
|
|
RAKESH GUPTA
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT GET AUDITED PORTFOLIO ACCOUNTS OF CLIENTS BY INDEPENDENT CHARTERED ACCOUNTANT AS REQUIRED UNDER REGULATION 20 (3) OF SEBI (PORTFOLIO MANAGER) REGULATIONS),1993
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-DEC-2008
|
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
