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SOURCE OF INFORMATION : NATIONAL STOCK EXCHANGE OF INDIA LTD. LISTS/WEBSITE
PERIOD COVERED : 01-JAN-2000 TO 21-NOV-2024

STOCK BROKERS: DIRECTED TO REFUND PENALTY

S.No. ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person IIFL SECURITIES LTD.  
WRONGLY CHARGED PENALTY ON MARGIN SHORTAGE  DIRECTED TO REFUND PENALTY
AWARD AMOUNT: RS.455

21-FEB-2022 		 
2
History of entity/person SHAREKHAN LTD.  
INDULGED IN EXECUTION OF UNAUTHORISED TRANSACTIONS  CLAIM ADMITTED Rs.19,887
AWARD AMOUNT: RS.25,39,362

DIRECTED TO REFUND PENALTY

05-NOV-2019 		NSE VIDE ITS ARBITRATION AWARD DATED 25/05/2021 DISMISSED THE APPEAL AND DIRECTED APPELLANT AND RESPENDENT NO.2 TO PAY JOINTLY AND SEVERALLY RS.24,89,362.00 (PRINCIPAL - RS.14,52,740.00, BROKERAGE - RS.10,16,735.00 AND PENALTY RS.19,887.00) TO RESPONDENT NO.1, WITHIN 15 DAYS FROM DATE OF RECEIPT OF DATE OF THIS ORDER WITH SIMPLE INTEREST OF 18% P.A. TILL ITS ACTUAL PAYMENT  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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