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.

STOCK BROKERS: VIOLATED SEBI (PFUTP) REGULATIONS, 2003

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

A.G.SHARES & SECURITIES LTD.

(PAN:AAACA7646M)

(Member : NSE)

INDULGED IN UNAUTHORISED TRADES VIOLATING REGULATION 9 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF PIPAPAV DEFENCE & OFFSHORE ENGINEERING LTD., PARSVNATH DEVELOPERS LTD., TULIP TELECOM LTD. AND GLODYNE TECHNOSERVE LTD.

INDULGED IN UNAUTHORISED TRADES VIOLATING REGULATIONS 4(1) AND 4(2)(M) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF PIPAPAV DEFENCE & OFFSHORE ENGINEERING LTD., PARSVNATH DEVELOPERS LTD., TULIP TELECOM LTD. AND GLODYNE TECHNOSERVE LTD.

IMPOSED PENALTY RS.3,00,000

29-DEC-2020

AADYA COMMODITIES PVT.LTD.

(PAN:AAHCA2094C)

(Member : MCX)

Click here to view complete history of this specific entity/person

AMITA SINHA

PAN:AOIPS2038G

SANJEEV KUMAR SINHA

PAN:ALEPS6005L

VANDANA SINHA

PAN:ASUPS6193E

DID NOT SUBMIT INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

MISUSED PLEDGING OF CLIENT�S SECURITIES

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

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

DID NOT REDRESS INVESTOR COMPLAINTS

FALSIFIED TRIAL BALANCE, BANK BOOKS AND CONCEALED THE INFORMATION RELATED TO PLEDGING OF SECURITIES, CASH WITHDRAWAL AND FUND MOVEMENT RELATED TO ENTITIES VIOLATING SECTIONS 12(A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2) (P) OF SEBI (PFUTP) REGULATIONS, 2003

IMPOSED PENALTY RS.1,25,00,000

28-APR-2022

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

ADROIT FINANCIAL SERVICES PVT.LTD.

(PAN:AABCA1156D)

(Member : NSE)

CONNECTED TO SECONDARY SERVER WITHOUT ANY SUFFICIENT REASON DURING INVESTIGATION PERIOD VIOLATING NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSE A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE ACCESSING SECONDARY SERVER OF NSE COLOCATION IN LINE WITH INSTRUCTION OF NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

IMPOSED PENALTY RS.6,00,000

16-FEB-2022

SAT: SAT VIDE ITS ORDER DATED 07/07/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

SAT: SAT VIDE ITS ORDER DATED 11/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER

ADVENT STOCK BROKING PVT.LTD.

(PAN:AAFCA5410Q)

(Member : BSE/NSE)

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NSE THEREBY DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

CONNECTED TO SECONDARY SERVER WHICH WAS MEANT TO BE USED FOR IN CASE OF NON-AVAILABILITY OF DATA FROM TBT PRIMARY SOURCE, REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION

IMPOSED PENALTY RS.6,00,000

22-SEP-2020

AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.

(PAN:AAECA3909P)

(Depository Participants : CDSL,Member : NSE/BSE/MCX/MSEI)

AMITA SINHA

PAN:AOIPS2038G

SANJEEV KUMAR SINHA

PAN:ALEPS6005L

VANDANA SINHA

PAN:ASUPS6193E

IMPOSED PENALTY RS.2,25,00,000

28-APR-2022

SEBI VIDE ITS NOTICE DATED 29/05/2024 DIRECTED TO PAY RS.2,83,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

ANAND RATHI SHARE & STOCK BROKERS LTD.

(PAN:AAACN3405F)

(Member : BSE/NSE)

ALLEGED FAILURE TO ENSURE FAIRNESS AND EXERCISE DUE DILIGENCE BY NOT KEEPING TRANSPARENCY AND CREDIBLE RECORDS OF DULY AUTHORIZED PERSON OF MEHRANGARH FINANCIAL ADVISORS PVT.LTD. WITH RESPECT TO PLACEMENT OF ORDERS TO THE APPLICANT FOR EXECUTING TRADES ON THE STOCK EXCHANGE PLATFORM IN MATTER OF KPIT TECHNOLOGIES LTD.

ALLEGED THAT APPLICANT REGISTERED THE EMAIL IDS OF EMPLOYEES ASSOCIATED WITH ITS OWN GROUP COMPANIES INSTEAD OF REGISTERING EMAIL ID OF THE CLIENT OR ITS DULY AUTHORIZED PERSON IN MATTER OF KPIT TECHNOLOGIES LTD.

ALLEGED OFF-MARKET TRANSFERS PROCESSED WITH DELIVERY INSTRUCTION SLIPS (DIS) DATED 03/03/2017 AND 01/03/2018, RELYING ON INSTRUCTIONS FROM AUTHORIZED SIGNATORY OF THE APPLICANT IN MATTER OF KPIT TECHNOLOGIES LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,20,000 VIDE CONSENT ORDER)

13-MAY-2025

ANUGRAH STOCK & BROKING PVT.LTD.

(PAN:AAACW2920N)

(Depository Participants : CDSL,Member : NSE/BSE/MSEI)

PARESH MULJI KARIYA

PAN:AAEPK0469M

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

CPR CAPITAL SERVICES LTD.

(PAN:AAACC3235A)

(Member : NSE)

CONNECTED TO SECONDARY SERVER WITHOUT ANY SUFFICIENT REASON DURING INVESTIGATION PERIOD VIOLATING NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSE A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE ACCESSING SECONDARY SERVER OF NSE COLOCATION IN LINE WITH INSTRUCTION OF NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY

DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS TO INVESTIGATING AUTHORITY OF SEBI

IMPOSED PENALTY RS.12,00,000

16-APR-2021

SEBI VIDE ITS NOTICE DATED 20/04/2022 DIRECTED TO PAY RS.13,57,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 10/05/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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

IKAB SECURITIES & INVESTMENT LTD.

(CIN:L17100MH1991PLC059848)

(Member : BSE)

INDULGED IN FRONT RUNNING ACTIVITIES IN HDFC GROUP'S TRADES AND MADE UNLAWFUL GAINS VIOLATING SECTION 12A(A) TO (C) READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003

DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND FACILITATING FRAUDULENT FRONT RUNNING TRADES VIOLATING REGULATION 7 READ WITH CLAUSE A OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF HDFC GROUP'S TRADES

IMPOSED PENALTY RS.60,00,000

30-JUL-2020

SAT: SAT VIDE ITS ORDER DATED 17/06/2022 ALLOWED THE APPEAL AND QUASHED THE IMPUGNED ORDER DATED 30/07/2020

KASSA FINVEST PVT.LTD.

(CIN:U74899DL1994PTC060668
PAN:AAACK1206B)

(Member : NSE/BSE/MSEI/OTC)

ANJANA KUMAR

PAN:AHOPK6281C

ASHOK KUMAR

DIN:00405986
PAN:AAFPK7362N

NEEKITA SHANKAR

PAN:AADPB9990K

SIDDHARTH SHANKAR

PAN:AAMPS8754R

UMASHANKAR SHARAN SHRIVASTAV

PAN:AGKPS7923C

DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES

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

COMMITTED IRREGULARITIES IN DEALING IN CASH WITH CLIENTS

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

DID NOT RETURN CLIENTS SECURITIES

INDULGED IN BUSINESS ACTIVITIES OTHER THAN BROKING I.E.PROVIDING ASSURED RETURNS TO CLIENTS/INVESTORS VIOLATING RULES 8(1)(F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957

ENGAGED IN EXECUTING TRADES ON BEHALF OF ITS CLIENTS VIOLATING SECTIONS 12A(B) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) & 4(2)(M) OF PFUTP REGULATIONS, 2003 IN MATTER OF KASSA FINVEST PVT.LTD.

IMPOSED PENALTY RS.4,50,00,000 ALONG WITH OTHER ENTITIES/PERSONS

24-FEB-2021

SEBI VIDE ITS NOTICE DATED 21/06/2022 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

SEBI VIDE ITS ORDER DATED 04/08/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF KASSA FINVEST PVT.LTD., MR.ASHOK KUMAR, MR.UMASHANKAR SHARAN SRIVASTAVA, MS.ANJANA KUMAR, MR.SIDDHARTH SHANKAR AND MS.NIKITA SHANKAR TO SEBI BY WAY OF EFT/NEFT/RTGS

KRIPA SECURITIES PVT.LTD.

(PAN:AACCK2399D)

(Member : BSE)

DID NOT IDENTIFY AND GENERATE ALERTS IN REVERSAL OF TRADE TRANSACTIONS VIOLATING CLAUSE A(2) OF CODE OF CONDUCT FOR STOCK BROKERS UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN ILLIQUID STOCK OPTIONS AT BSE

CONTINUED TO ENABLE ITS CLIENTS IN EXECUTION OF FRAUDULENT TRANSACTIONS ON STOCK EXCHANGES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN ILLIQUID STOCK OPTIONS AT BSE

IMPOSED PENALTY RS.7,00,000

12-MAY-2023

SEBI VIDE ITS NOTICE DATED 30/08/2023 DIRECTED TO PAY RS.7,29,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 11/09/2024 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

MADHAV STOCK VISION PVT.LTD.

(PAN:AABCM8845M)

(Member : NSE)

AJAY SAMPATRAJ JAIN

PAN:AABPJ0451D

JYOTISWAROOP NANDKISHORE PUROHIT

PAN:AGPPP6277R

PANKIT BHAGWATI JHAVERI

PAN:ADMPJ9270G

RAJESH BHAGWATI JHAVERI

PAN:ADTPJ3856F

RAJKUMAR PRABHU DAMANI

PAN:AECPD9155K

INDULGED IN FRONT RUNNING THE TRADES OF BIG CLIENTS VIOLATING SECTIONS 12A(A) TO 12A(C) AND 12A(E) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2)(Q) OF SEBI (PFUTP) REGULATIONS, 2003

RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES EITHER DIRECTLY OR INDIRECTLY IN PROPRIETARY ACCOUNT FROM 23-APR-2025 UNTIL FURTHER ORDERS

DIRECTED TO IMPOUND UNLAWFUL GAIN RS.2,72,82,732 ALONG WITH OTHER ENTITIES/PERSONS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 23-APR-2025 UNTIL FURTHER ORDERS

DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY

DIRECTED DEPOSITORIES THAT NO DEBIT SHALL BE MADE WITHOUT PERMISSION OF SEBI

DIRECTED BANKS AND DEPOSITORIES TO ENSURE STRICT ENFORCEMENT OF DIRECTIONS

ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF COMPLYING WITH THIS ORDER

DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES

DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS / PROPERTIES / SECURITIES, TILL SUCH TIME UNLAWFUL GAINS ARE CREDITED TO ESCROW ACCOUNT

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

23-APR-2025

OPG SECURITIES PVT.LTD.

(PAN:AAACO1081C)

(Member : NSE)

AMAN KOKRADY

PAN:AKQPK3220N

OM PRAKASH GUPTA

PAN:AAHPG3048B

SANGEETA GUPTA

PAN:AAHPG6984C

GAINED ADVANTAGE BY CONSISTENTLY LOGGED IN FIRST ACROSS POP SERVERS ON ACCOUNT OF BEING AWARE OF THE WEAKNESS OF THE TCP/IP TBT SYSTEM ARCHITECTURE

TRIED TO CROWD OUT OTHER TRADING MEMBERS FROM TCP/IP TBT SYSTEM PLATFORM

GAINED UNFAIR ACCESS AND ADVANTAGE BY CONSISTENTLY LOGGING INTO SECONDARY POP SERVER FOR LARGE NUMBER OF DAYS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF OPG SECURITIES LTD.

DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-APR-2019 TO 29-APR-2024

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-APR-2019 TO 29-APR-2024

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

DIRECTED TO DISGORGE RS.77,75,46,000 ALONG WITH OTHER ENTITIES/PERSONS

30-APR-2019

SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED OPG SECURITIES PVT.LTD. AND ITS DIRECTORS TO CLOSE OPEN POSITIONS IN FUTURES AND OPTIONS AND CURRENCY DERIVATIVES SEGMENTS OF OPG SECURITIES PVT.LTD. ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER

SAT: SAT: SAT VIDE ITS ORDER DATED 06/05/2019 DIRECTED APPELLANT TO DEPOSIT RS.7.50 CRORES ON OR BEFORE 20/05/2019

OPG SECURITIES PVT.LTD.

(PAN:AAACO1081C)

(Member : NSE)

DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 30-APR-2019 TO 29-APR-2020

30-APR-2019

SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED OPG SECURITIES PVT.LTD. AND ITS DIRECTORS TO CLOSE OPEN POSITIONS IN FUTURES AND OPTIONS AND CURRENCY DERIVATIVES SEGMENTS OF OPG SECURITIES PVT.LTD. ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER

SAT: SAT VIDE ITS ORDER DATED 20/05/2019 MODIFIED ITS ORDER DATED 06/05/2019 TO THE EXTENT THAT APPELLANTS MAY DEPOSIT RS.7.50 CRORES IN CASH OR IN THE FORM OF BANK GUARANTEE FROM NATIONALIZED BANK ON OR BEFORE 30/05/2019

OPG SECURITIES PVT.LTD.

(PAN:AAACO1081C)

(Member : NSE)

OM PRAKASH GUPTA

PAN:AAHPG3048B

SANGEETA GUPTA

PAN:AAHPG6984C

SANJAY GUPTA

IMPOSED PENALTY RS.5,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS

11-FEB-2021

SAT: SAT VIDE ITS ORDER DATED 12/07/2023 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDER DATED 11/02/2022. MATTER REMIT TO AO TO DECIDE QUANTUM OF PENALTY AFRESH

SEBI VIDE ITS ORDER DATED 02/04/2025 RE-IMPOSED PENALTY OF RS.5 CRORE U/S 15HA OF SEBI ACT. JOINTLY AND SEVERALLY

P R B SECURITIES PVT.LTD.

(PAN:AABCP5425G)

(Member : NSE)

CONNECTED TO SECONDARY SERVER WITHOUT ANY SUFFICIENT REASON DURING INVESTIGATION PERIOD VIOLATING NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSE A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE ACCESSING SECONDARY SERVER OF NSE COLOCATION IN LINE WITH INSTRUCTION OF NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY

CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY

IMPOSED PENALTY RS.6,00,000

16-APR-2021

PARWATI CAPITAL MARKET PVT.LTD.

(Member : NSE)

CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY

CONNECTED SECONDARY SERVER REPEATEDLY WITHOUT MAKING COMPLAINT TO NSE AND DESPITE REPRIMAND FROM NSE VIOLATING REGULATION 9 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS, 1992

IMPOSED PENALTY RS.6,00,000

30-AUG-2021

ROONGTA RISING STOCK PVT.LTD.

(PAN:AAACH9471P)

(Member : BSE/NSE)

ANIL SATYANARAYAN ROONGTA

PAN:ABBPR3992G

SUDHA ANIL ROONGTA

PAN:AAQPR4466F

INDULGED IN DEALING WITH SUSPENDED SCRIP VIOLATING REGULATION 4.6.4 OF REGULATIONS FOR BSE CAPITAL MARKET SEGMENT

INDULGED IN DEALING WITH SUSPENDED SCRIP VIOLATING REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF MISHKA FINANCE & TRADING LTD.

INDULGED IN DEALING WITH SUSPENDED SCRIP VIOLATING REGULATION 4.5.4 OF REGULATIONS FOR NSE CAPITAL MARKET SEGMENT

ISSUED CONTRACT NOTES FOR OFF MARKET TRANSACTIONS VIOLATING CLAUSES 2(B) OF CHAPTER VI AND CLAUSE 5 OF CHAPTER X OF BSE BYE-LAWS AND CLAUSES 8 AND 10 OF CHAPTER IX OF NSE BYE-LAWS IN MATTER OF MISHKA FINANCE & TRADING LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATIONS 6A AND 7 READ WITH CLAUSES A(1) TO A(5) AND C(4) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 READ WITH REGULATIONS 9(B) AND 9(F) OF SEBI (STOCK BROKERS AND SUB BROKERS) (AMENDMENT) REGULATIONS, 2014 IN MATTER OF MISHKA FINANCE & TRADING LTD.

IMPOSED PENALTY RS.20,00,000 ALONG WITH OTHER ENTITIES/PERSONS

29-JUL-2022

SEBI VIDE ITS NOTICE DATED 24/02/2025 DIRECTED TO PAY RS.26,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS ORDER DATED 13/03/2025 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

SHAREKHAN LTD.

(PAN:AAECS5096H)

(Member : BSE/NSE)

ALLEGED INDULGENCE IN FRONT RUNNING ACTIVITIES THROUGH ITS PROPRIETARY TRADING ACCOUNT AND MADE PERSONAL GAINS VIOLATING SECTION 12A(A) TO (C) READ WITH REGULATIONS 3(A) TO (D) AND 4(1) AND 4(2) (Q) OF SEBI (PFUTP) REGULATIONS, 2003

ALLEGED FACILITATE CERTAIN FRONTRUNNERS TO CARRY OUT FRONT-RUNNING ACTIVITY DISREGARDING ALERTS RECEIVED FROM STOCK EXCHANGE AND ALLOWED IMPROPER USE OF INFORMATION OF CONFIDENTIAL NATURE OF CLIENTS BY DEALERS VIOLATING REGULATION 9 READ WITH CLAUSES A(3), A(4) AND B(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,93,25,000 VIDE CONSENT ORDER)

23-APR-2019

SEBI VIDE ITS ADDENDUM ORDER DATED 04/06/2019 CONFIRMED THAT SHAREKHAN LTD. HAS DEPOSITED RS.50,93,894.00 (ILLEGAL GAINS OF RS.30,83,807 AND INTEREST OF RS.20,10,087) IN ESCROW ACCOUNT WITH PUNJAB NATIONAL BANK ON 01/08/2015

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.