| S.No. |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
4A SECURITIES LTD.
|
|
DID NOT ADHERE TO REGULATORY PROVISIONS OF THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER TILL 11-FEB-2020Rs.48,94,000
04-FEB-2020
IMPOSED PENALTY TILL 11-FEB-2020
|
SAT: APPEAL DISMISSED
|
| 2 |
|
|
AFFLUENCE SHARES & STOCKS PVT.LTD.
|
|
INDULGED IN SYNCHRONIZED TRANSACTIONS AND MATCHED TRADES IN NSE F&O SEGMENT WITH OTHER ENTITY
|
IMPOSED PENALTY FROM 28-FEB-2020 Rs.1,01,61,582
11-AUG-2021
|
SAT: SAT VIDE ITS ORDER DATED 11/08/2021 DISMISSED THE APPEAL
|
| 3 |
|
|
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
|
| 4 |
|
|
ALICE BLUE FINANCIAL SERVICES PVT.LTD.
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 06-JUN-2020 TO 06-JUN-2020Rs.4,35,02,000
27-JUN-2020
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-JUN-2020 TO 06-JUN-2020
|
SAT VIDE ITS ORDER DATED 27/06/2020 DIRECTED NSE TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IMPUGNED ORDER SUSPENDING TRADING OF THE APPELLANT FOR ONE DAY TO REMAIN STAYED DURING PENDENCY OF THE APPEAL. PENALTY AMOUNT SO DEPOSITED WILL BE KEPT IN ESCROW ACCOUNT BY NSE
|
| 5 |
|
|
AMRAPALI CAPITAL & FINANCE SERVICES LTD.
|
|
INDULGED IN SYNCHRONIZED TRADING WITH AFFLUENCE GEMS PVT.LTD.
|
IMPOSED PENALTY Rs.1,01,67,582
19-NOV-2020
|
SAT: SAT VIDE ITS ORDER DATED 30/06/2020 DIRECTED APPELLANT TO DEPOSIT OF RS.30 LAC WITHIN FOUR WEEKS FROM THE DATE OF THIS ORDER BEFORE THE RESPONDENT. IF THE AMOUNT DEPOSITED FURTHER RECOVERY SHALL NOT BE MADE PURSUANT TO THE IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 19/11/2020 DISMISSED THE APPEAL
|
| 6 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY Rs.3,50,000
17-NOV-2021
|
SAT: SAT VIDE ITS ORDER DATED 17/11/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3,50,000 LAC FROM RS.7,05,600
|
| 7 |
|
|
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
|
| 8 |
|
|
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
|
| 9 |
|
|
CAB SECURITIES LTD.
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
SUSPENDED FROM TRADING FROM 20-JUL-2018 Rs.31,88,600
24-SEP-2019
IMPOSED PENALTY FROM 20-JUL-2018
|
SAT: APPEAL DISMISSED. NO COSTS
|
| 10 |
|
|
EDELWEISS BROKING LTD.
|
|
DID NOT ADHERE TO LEVERAGE AND EXPOSURE LIMITS WHILE GRANTING MARGIN TRADING FACILITY
|
IMPOSED PENALTY Rs.5,00,000
17-JUL-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/07/2020 STAYED IMPUGNED ORDER PROVIDED APPELLANT DEPOSITS 50% AMOUNT OF PENALTY WITHIN THREE WEEKS FROM DATE OF THIS ORDER WHICH SHALL BE KEPT IN INTEREST BEARING ESCROW ACCOUNT
SAT: SAT VIDE ITS ORDER DATED 07/01/2021 PARTLY ALLOWED THE APPEAL. APPEAL TO THE EXTENT OF LEAVYING PENALTY OF RS.5 LACS FOR CONSIDERING COLLECTION OF MARGIN FOR TRADING UNDER MARGIN TRADING FACILITY BY WAY OF SECURITIES OTHER THAN GROUP ONE IS CONFIRMED. SAT SET ASIDED PENALTY OF RS.1,75,10,000.00 FOR NON-ADHERENCE TO LEVERAGE AND EXPOSURE LIMIT. INSTEAD DIRECTED APPELLANT TO PAY PENALTY OF RS.25 LACS ON THIS COUNT
|
| 11 |
|
|
EXCEL STOCK BROKING PVT.LTD.
|
|
TRADING TERMINAL OPERATED AT LOCATIONS OTHER THAN REPORTED TO NSE
|
IMPOSED PENALTY Rs.1,00,000
07-JAN-2021
|
SAT: SAT VIDE ITS ORDER DATED 07/01/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.1 LAC FROM RS.10 LACS TO BE PAID WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 12 |
|
|
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
|
| 13 |
|
|
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
|
| 14 |
|
|
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
|
| 15 |
|
|
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
|
| 16 |
|
|
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
|
| 17 |
|
|
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
|
| 18 |
|
|
NEON VINIMAY PVT.LTD.
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 11-SEP-2018 TO 11-SEP-2018Rs.13,47,346
26-APR-2019
SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-SEP-2018 TO 11-SEP-2018
|
SAT: SAT VIDE ITS ORDER DATED 26/04/2019 PARTLY ALLOWED THE APEAL BY UPHELDING ONLY MONETARY PENALTY. NO COSTS
|
| 19 |
|
|
PREMIUM GLOBAL SECURITIES PVT.LTD.
|
|
ENGAGED IN BUSINESS OTHER THAN OF SECURITIES
|
IMPOSED PENALTY Rs.3,00,000
20-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 20/10/2021 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.3 LAC FROM RS.5 LAC AND DISMISSED REST OF THE APPEAL.NO COSTS
|
| 20 |
|
|
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
|
| 21 |
|
|
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
|
| 22 |
|
|
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
|
| 23 |
|
|
REFLECTION INVESTMENTS
|
|
DID NOT ADHERE TO REGULATORY PROVISIONS OF THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-JAN-2020 Rs.5,47,900
14-JAN-2020
IMPOSED PENALTY FROM 14-JAN-2020
|
SAT: SAT VIDE ITS ORDER DATED 23/01/2020 DIRECTED APPELLANT TO PAY PENALTY RS.5,47,900.00 WITHIN ONE WEEK. DIRECTED NSE TO ALLOW APPELLANT TO OPERATE IN CASH SEGMENT OF EXCHANGE USING ONE TERMINAL. PERMISSION FOR LIMITED TRADING SUBJECT TO ENHANCED SUPERVISION OF NSE AND ON CONDITION THAT IT SHALL NOT RESULT IN ANY ADDITIONAL SHORTFALL OF CLIENT FUNDS. DIRECTED APPELLANT RECOUP REMAINING SHORTFALL OF RS.5.75 CRORES IN TWO INSTALMENTS OF RS.3.00 CRORES BY 29/02/2020 AND RS.2.75 CRORES BY 31/03/2020.NO COSTS
SAT: SAT VIDE ITS ORDER DATED 11/02/2020 DISPOSED OFF THE APPEL AS GRIEVANCE OF THE APPELLANT HAS SET AT REST
|
| 24 |
|
|
RELIANCE SECURITIES LTD.
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 25 |
|
|
RELIANCE SECURITIES LTD.
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 26 |
|
|
RELIANCE SECURITIES LTD.
|
|
DEFICIENCY IN RENDERING OF SERVICE
|
IMPOSED PENALTY Rs.1,00,000
AWARD AMOUNT: RS.1,00,000
30-APR-2024
|
|
| 27 |
|
|
SANGHAVI SAVLA STOCK BROKERS LTD.
|
|
NOT AVAILABLE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JUL-2020 Rs.2,04,00,000
24-SEP-2020
IMPOSED PENALTY FROM 27-JUL-2020
|
SAT: SAT VIDE ITS ORDER DATED 24/09/2020 DIRECTED TO DEPOSIT RS.75 LACS WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/07/2021 SET ASIDE IMPUGNED ORDER DATED 27/07/2020. MATTER REMITTED TO COMMITTEE TO DECIDE THE MATTER AFRESH
|
| 28 |
|
|
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
|
| 29 |
|
|
SMIFS LTD.
|
|
ALLOWED AND FACILITATED NON-GENUINE TRADE TRANSACTIONS
|
IMPOSED PENALTY FROM 20-NOV-2023 Rs.28,87,000
29-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 29/02/2024 DIRECTED APPELLANT TO DEPOSIT RS.14.60 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF APPEAL. FURTHER, DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
|
| 30 |
|
|
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
|
| 31 |
|
|
SUNSHINE STOCK BROKING PVT.LTD.
|
|
FALSE REPORTING OF MARGIN FROM CLIENTS
|
IMPOSED PENALTY FROM 27-JUN-2020 Rs.99,18,800
29-OCT-2020
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JUN-2020
|
SAT: SAT VIDE ITS ORDER DATED 29/10/2020 ALLOWED THE APEAL AND SET ASIDED IMPUGNED ORDER DATED 27/06/2020AND REMANDED THE MATTER TO COMMITTEE TO DECIDE AFRESH
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
