| S.No. |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALANKIT ASSIGNMENTS LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 15-NOV-2018 TO 19-NOV-2018Rs.25,00,000
31-OCT-2019
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-NOV-2018 TO 19-NOV-2018
|
SAT: SAT VIDE ITS ORDER DATED 08/11/2019 UPHELD PENALTY OF RS.25 LACS AND MODIFIED SUNPENSION OF FIVE DAYS FROM ALL SEGMENTS OF THE EXCHANGE TO RESTRAINED FROM TAKING ANY FRESH CLIENTS FOR ONE MONTHS W.E.F.FROM SEVENTH DAY OF DATE OF THIS ORDER. NO COSTS
|
| 2 |
|
|
BEZEL STOCKBROKERS PVT.LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 14-JUN-2018 TO 18-JUN-2018Rs.15,00,000
30-JAN-2019
SUSPENDED FROM TRADING FROM 14-JUN-2018 TO 18-JUN-2018
DIRECTED TO SUBMIT CERTIFICATE OF CHARTERED ACCOUNT DEPICTING THE SHORTAGE OF FUNDS TO PAY OFF ITS CLIENTS CREDITORS FROM 14-JUN-2018 TO 18-JUN-2018
|
SAT: SAT VIDE ITS ORDER DATED 31/01/2019 APPEAL PARTLY ALLOWED AND QUASHED IMPUGNED ORDER DATED 14/06/2018 AND APPELLANT SUSPENDED IN ALL SEGMENT FOR A PERIOD OF FIVE DAYS. NO COSTS
|
| 3 |
|
|
BGSE FINANCIALS LTD.
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY FROM 02-SEP-2022 Rs.1,00,100
10-AUG-2023
|
SAT: SAT VIDE ITS ORDER DATED 09/08/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 02/09/2022
|
| 4 |
|
|
INDIANIVESH SHARES & SECURITIES PVT.LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT ADHERE TO REGULATORY PROVISIONS OF THE EXCHANGE
|
IMPOSED PENALTY TILL 10-AUG-2022Rs.1,00,00,000
11-FEB-2022
SUSPENDED FROM TRADING TILL 10-AUG-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2022 DISPOSED OFF THE STAY AND URGENCY APPLICATION. DIRECTED THAT THE SUSPENSION OF TRADING MEMBERSHIP OF THE APPELLANT TO REMAIN STAYED, PROVIDED APPELLANT DEPOSITS RS.50 LAC BEFORE THE RESPONDENT
SAT: SAT VIDE ITS ORDER DATED 06/05/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 5 |
|
|
ISS ENTERPRISE LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY Rs.25,92,000
26-NOV-2021
|
SAT: SAT VIDE ITS ORDER DATED 23/02/2023 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 21/07/2023 DISMISSED THE REVIEW APPLICATION
|
| 6 |
|
|
JITENDRA PUKHRAJ JAIN
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT REPORTING OF MARGIN
DID NOT ISSUE STATEMENTS
|
IMPOSED PENALTY Rs.3,01,700
17-NOV-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/11/2020 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3,01,700.00 FROM RS.7,01,700.00 LACS AND RESPONDENT IS AT LIBERTY TO RECOVER BALANCE AMOUNT OF RS.3,01,700
|
| 7 |
|
|
JITENDRA PUKHRAJ JAIN,M/S
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT REPORTING OF MARGIN
DID NOT ISSUE STATEMENTS
|
IMPOSED PENALTY Rs.3,01,700
17-NOV-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/11/2020 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3,01,700.00 FROM RS.7,01,700.00 LACS AND RESPONDENT IS AT LIBERTY TO RECOVER BALANCE AMOUNT OF RS.3,01,700
|
| 8 |
|
|
JM FINANCIAL SERVICES LTD.
|
|
SETTLED CLAIM LOWER THAN THE PURCHASE PRICE
|
CLAIM ADMITTED
AWARD AMOUNT: RS.1,47,065
27-OCT-2022
|
nse vide its arbitration award dated 24/02/2023 upheld arbitration award dated 27/10/2022
|
| 9 |
|
|
KSBL SECURITIES LTD.
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PLEDGED CLIENT SECURITIES
|
IMPOSED PENALTY FROM 02-AUG-2018 TO 06-AUG-2018Rs.15,00,000
26-NOV-2019
SUSPENDED FROM TRADING FROM 02-AUG-2018 TO 06-AUG-2018
|
SAT: SAT VIDE ITS ORDER DATED 26/11/2019 PARTLY ALLOWED THE APPEAL. UPHELD MONETARY PENALTY OF RS.15 LAC AND MODIFY DIRECTION RELATING TO SUSPENSION FROM ALL SEGMENTS OF NSE FOR 5 DAYS TO NOT TO ENROLL OR REGISTER ANY FRESH CLIENTS FOR ONE MONTH FROM SEVENTH DAY OF THIS ORDER
|
| 10 |
|
|
MAGNUM EQUITY BROKING LTD.
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
UPLOAD INCORRECT EMAIL IDS AND MOBILE NUMBERS OF CLIENTS
DID NOT COMPLETE CKYC PROCESS OF INDIVIDUAL CATEGORY OF CLIENTS
|
IMPOSED PENALTY FROM 30-MAY-2022 Rs.62,000
29-NOV-2023
|
SAT: SAT VIDE ITS ORDER DATED 29/11/2023 ALLOWED THE APPEAL. PENALTY OF RS.7.50 LACS STRUCK DOWN AND AFFIRMED PENALTY OF RS.62,000.00. NO COSTS
|
| 11 |
|
|
PRRSAAR,M/S
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY Rs.10,00,000
05-MAR-2020
|
SAT: SAT VIDE ITS ORDER DATED 05/03/2020 ALLOWED THE APPEAL AND QUASHED THE IMPUGNED ORDER OF DAC DATED 25/10/2016 AS WELL AS ORDER DATED 03/02/2017. MATTER REMITTED TO THE DAC TO RECONSIDER THE QUANTUM OF PENALTY AND DECIDE THE MATTER WITHIN THREE MONTHS FROM DATE OF THIS ORDER
SAT VIDE ITS ORDER DATED 14/09/2020 PARTLY ALLOWED THE APPEAL AND DIRECTED RESPONDENT TO REFUND RS.9.00 LACS TO APPELLANT ALONGWITH SIMPLE INTEREST @6% P.A. AND RS 50,000.00 TOWARDS COSTS WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 12 |
|
|
R.K.STOCK HOLDING PVT.LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY FROM 28-FEB-2020 Rs.47,70,000
09-FEB-2021
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-FEB-2020
|
SAT: SAT VIDE ITS ORDER DATED 09/02/2021 PARTLY ALLOWED THE APPEAL BY SET ASIDING THE DIRECTION OF SUSPENSION OF TRADING ACTIVITIES IN ALL SEGMENT FOR FIVE DAYS. FURTHER, DIRECTED APPELLANT TO PAY PENALTY AMOUNT WITHIN FOUR WEEKS TOWARDS COSTS WITHIN FOUR WEEKS
SAT: SAT VIDE ITS ORDER DATED 21/10/2021 DISMISSED THE APPEAL. NO COSTS
|
| 13 |
|
|
RAPID CAPITAL SERVICES
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT REPORTING OF MARGIN
DID NOT MAINTAIN MINIMUM NETWORTH
|
IMPOSED PENALTY FROM 08-AUG-2023 Rs.20,46,300
18-OCT-2023
|
SAT: SAT VIDE ITS ORDER DATED 18/10/2023 ALLOWED THE APPEAL AND SET ASIDE IMPUGNED ORDER DATED 08/08/2023
|
| 14 |
|
|
SHREE NAMAN SECURITIES & FINANCE PVT.LTD.
|
|
MADE INCORRECT REPORTING OF MARGIN
|
IMPOSED PENALTY FROM 25-AUG-2020 Rs.21,77,200
10-MAR-2021
SUSPENDED REGISTRATION AS STOCK BROKER FROM 25-AUG-2020
|
SAT: SAT VIDE ITS ORDER DATED 10/03/2021 PARTLY ALLOWED THE APPEAL BY QUASHING THE DIRECTION OF SUSPENSION OF ONE DAY
|
| 15 |
|
|
SOUTH GUJARAT SHARES & SHAREBROKERS LTD.
|
|
MISUTILISED CLIENTS FUNDS AND/OR SECURITIES
MISUTILISED CLIENTS FUNDS TO USED FOR MARGIN OBLIGATION TO DEBIT BALANCE AND PROPRIETARY TRADING
MADE INCORRECT REPORTING OF CLIENT LEVEL CASH CASH EQUIVALENT BALANCES
|
IMPOSED PENALTY Rs.15,74,000
20-FEB-2023
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS
|
SAT: SAT VIDE ITS ORDER DATED 20/02/2023 DISMISSED THE APPEAL. NO COSTS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
