| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
BERKELEY SECURITIES LTD.
(PAN:AADCB7787M)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DISCREPANCIES IN STOCK RECONCILIATION
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN CALCULATION OF NET WORTH
UPLOADED INCORRECT DEMAT ACCOUNT NO.OFCDSL ACCOUNT NO.1207550000027121 ON STOCK EXCHANGE PLATFORM
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DISCREPANCIES IN RESPECT TO MOBILE NUMBER IN UCC DETAILS UPDATED TO STOCK EXCHANGE
DID NOT MAKE DISCLOSURE OF SUSPICIOUS TRANSACTION ALERTS GENERATED IN BSE E-BOSS PORTAL
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
ENGAGED IN BUSINESS OTHER THAN SECURITIES
SUBMITTED INCORRECT DETAILS OF OFFICE PIN CODE OF TERMINAL
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
CHARGED BROKERAGE HIGHER THAN PRESCRIBED RATE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 29-OCT-2024
29-OCT-2024
|
|
| 2 |
|
|
BERKELEY SECURITIES LTD.
(PAN:AADCB7787M)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DISCREPANCIES IN STOCK RECONCILIATION
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
SUBMITTED INCORRECT DETAILS OF OFFICE PIN CODE OF TERMINAL
DISCREPANCIES IN CALCULATION OF NET WORTH
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
CHARGED EXCESS BROKERAGE
SUBMITTED INCORRECT DATA PERTAINING TO CLIENT UNPAID SECURITIES ACCOUNT TO STOCK EXCHANGE
DID NOT MAKE DISCLOSURE OF SUSPICIOUS TRANSACTION ALERTS GENERATED IN BSE E-BOSS PORTAL
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
ENGAGED IN BUSINESS OTHER THAN SECURITIES
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.9,00,000
10-JUL-2024
|
SEBI VIDE ITS NOTICE DATED 11/11/2024 DIRECTED TO PAY RS.9,46,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 04/12/2024 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.8299 OF 2024 DATED 11/11/2024
|
| 3 |
|
|
FAST CAPITAL MARKETS LTD.
(PAN:AAACF3907A)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
DID NOT HAVE CONTROL SYSTEM OVER BRANCH/AUTHORIZED PERSONS
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.7,00,000
07-AUG-2024
|
|
| 4 |
|
|
KRISHA INCAP SERVICES PVT.LTD.
(PAN:AAACK2230P)
(Member : NSE)
|
|
|
|
RUPESH KUMAR
PAN:AMYPK4943N
|
|
|
SANJAY KUMAR MISHRA
PAN:APNPM0684G
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
OPENED MULTIPLE UNIQUE CLIENT CODE (UCC) AGAINST SINGLE PAN
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
MISSTATED CLIENT LEDGER
DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS
DID NOT DISPLAY CORRECT INFORMATION ON WEBSITE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT FULFIL NET WORTH CRITERIA
|
IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2024
|
SAT: SAT VIDE ITS ORDER DATED 20/08/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER. REMAIN STAYED THE IMPUGNED ORDER SUBJECT TO DEPOSIT RS.5 LAC WITHIN SIX WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/10/2024 REJOINDER, IF ANY, TO BE FILED WITHIN THREE WEEKS THEREAFTER
|
| 5 |
|
|
KRISHA INCAP SERVICES PVT.LTD.
(PAN:AAACK2230P)
(Member : NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS
DID NOT DISPLAY CORRECT DETAILS OF ADDRESS AND COMPLIANCE OFFICER ON ITS WEBSITE
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT HAVE NISM SERIES VII-SECURITIES OPERATIONS AND RISK MANAGEMENT CERTIFICATION
DID NOT FULFIL NET WORTH CRITERIA
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 02-DEC-2024 TO 01-FEB-2025
02-DEC-2024
|
|
| 6 |
|
|
MAXPRO ASIA
(PAN:AAVFM7397P)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT MENTION NAME OF COMPLIANCE OFFICER, PHONE NUMBER AND E-MAIL ID
IN CONTRACT NOTES
DID NOT HAVE SURPLUS FUND TO MEET ITS CLIENT’S OBLIGATION
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.15,00,000
25-APR-2024
|
|
| 7 |
|
|
S.B.SECURITIES PVT.LTD.
(PAN:AAECS6189B)
(Member : BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE VOICE RECORDING FOR TRADES
DID NOT CLOSE SURVEILLANCE ALERTS WHICH WAS GENERATED BY EXCHANGE
DID NOT ISSUE CONTRACT NOTES
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.19,00,000
16-MAR-2023
|
SEBI VIDE ITS NOTICE DATED 27/06/2023 DIRECTED TO PAY RS.19,77,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/07/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6733 OF 2023 DATED 27/06/2023
|
| 8 |
|
|
SIC STOCKS & SERVICES PVT.LTD.
(PAN:AAHCS8176P)
(Member : NSE/BSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
PASSED INCORRECT JOURNAL VOUCHERS IN CLIENT LEDGERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
MADE INCORRECT REPORTING OF RISK-BASED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
DID NOT MAKE DISCLOSURE OF EXCHANGE LEVEL INTERNAL ALERTS GENERATED
DID NOT FURNISH CASH FLOW STATEMENTS
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.30,00,000
24-MAR-2023
|
SEBI VIDE ITS NOTICE DATED 04/07/2023 DIRECTED TO PAY RS.31,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/08/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 9 |
|
|
SSJ FINANCE & SECURITIES PVT.LTD.
(PAN:AABCS4245H)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT REPORT FUND AND SECURITIES BALANCES
WRONG REPORTING OF STOCK HOLDING TO STOCK EXCHANGES
DID NOT SUBMIT NET WORTH CERTIFICATE TO STOCK EXCHANGES
DID NOT VERIFY PANS ON KRA SITE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.5,00,000
23-MAR-2023
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
