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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.

COMPANIES: DIRECTED TO TRANSFER RS.158.68 CRORE ALONGWITH INTEREST @7% P.A. FROM 14/10/2019 TO TILL DATE TO INTEREST BEARING ESCROW ACCOUNT IN ANY NATIONALIZED BANK

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

(PAN:AAACH2702H)  
  DID NOT CONDUCT ADEQUATE DUE DILIGENCE TO VERIFY THAT SECURITIES PLEDGED IN ITS FAVOUR ACTUALLY BELONGED TO CLIENTS OF BRH WEALTH KREATORS LTD. HAVING DEBIT BALANCE AT THE TIME OF CREATION OF PLEDGE VIOLATING CLAUSE 2.5 OF ANNEXURE TO SEBI CIRCULAR NO.SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016 READ WITH CLAUSE 2(C) OF SEBI CIRCULAR NO. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 DATED 22/06/2017

INVOKED PLEDGE OF SECURITIES WITHOUT GIVING REQUISITE NOTICE TO CLIENTS OF BRH WEALTH CREATORS LTD. VIOLATING CLAUSE 4.8 OF SEBI CIRCULAR NO.CIR/HO/MIRSD/DOP/CIR/P/2019/75 DATED 20/06/2019   		DIRECTED TO TRANSFER RS.158.68 CRORE ALONGWITH INTEREST @7% P.A. FROM 14/10/2019 TO TILL DATE TO INTEREST BEARING ESCROW ACCOUNT IN ANY NATIONALIZED BANK

IMPOSED PENALTY RS.1,00,00,000

21-JAN-2021 		SAT: SAT VIDE ITS ORDER DATED 07/04/2021 DIRECTED APPELLANT TO FILE REPLY WITHIN TWO WEEKS AND FILE THE REJOINDER TWO WEEKS THEREAFTER

SAT: SAT VIDE ITS ORDER DATED 20/05/2021 ALLOWED APPELLANT THREE WEEKS TIME 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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