| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
|
|
|
DID NOT EXERCISE OVERSIGHT OVER THEIR DEPOSITORY PARTICIPANTS
|
DIRECTED PROMOTERS OF CDSL TO TAKE APPROPRIATE ACTION INCLUDING REVAMPING OF MANAGEMENT
DIRECTED TO DISGORGE
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.12,89,76,078.83 (SEVERALLY) AND RS.25,79,52,157.65 (JOINTLY WITH KARVY STOCK BROKING PVT.LTD. AND PRATIK STOCK VISION PVT.LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 21/11/2006 SET ASIDE WITH NO ORDER AS TO COSTS
AS SAT HAS BEEN ALREADY SET ASIDE SEBI ADJUDICATION ORDER, MATTER DISPOSED OFF, VIDE ORDER DATED 01/12/2009
|
| 2 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE OPENING DEMAT ACCOUNTS
|
DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES
25-APR-2007
|
|
| 3 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
|
|
|
FACILITATED OPENING OF LARGE NUMBER OF AFFERENT ACCOUNTS
GENERATED AND DISTRIBUTED BENEFICIAL OWNER’S IDS IN ADVANCE WITHOUT PROPER VERIFICATION AND SCRUTINY OF KYC DOCUMENTS
DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS
DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS
|
IMPOSED PENALTY RS.3,00,00,000
27-APR-2007
|
SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS
|
| 4 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DIRECTED TO ENSURE THAT THE DP ACCOUNTS SHOULD NOT BE UTILIZED FOR MANIPULATION IN ALLOTMENTS IN IPOS
ADVISED TO SET UP A SURVEILLANCE CELL TO DETECT ABNORMAL AND UNUSUAL FLOW OF SECURITIES IN THE DEPOSITORY ACCOUNTS
12-JAN-2006
|
|
| 5 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
(PAN:AAACC6233A)
|
|
|
ALLEGED VIOLATION OF CLAUSE 1.2 OF SEBI CIRCULAR SEBI/HO/DDHS/CIR/P/103/2020 DATED 23/06/2020
ALLEGED VIOLATION OF CLAUSE 4.1 SEBI CIRCULAR SEBI/HO/DDHS/CIR/P/103/2020 DATED 23/062020
ALLEGED VIOLATION OF CLAUSE 2.2 OF CHAPTER XI: OPERATIONAL FRAME FOR TRANSACTIONS IN DEFAULTED DEBT SECURITIES POST MATURITY DATE/REDEMPTION DATE OF SEBI OPERATIONAL CIRCULAR FOR ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES, SECURITISED DEBT INSTRUMENTS, SECURITY RECEIPTS, MUNICIPAL DEBT SECURITIES AND COMMERCIAL PAPER DATED 10/08/2021
ALLEGED VIOLATION OF CLAUSE 5.1 OF CHAPTER XI: OPERATIONAL FRAME FOR TRANSACTIONS IN DEFAULTED DEBT SECURITIES POST MATURITY DATE/REDEMPTION DATE OF SEBI OPERATIONAL CIRCULAR FOR ISSUE AND LISTING OF NON-CONVERTIBLE SECURITIES, SECURITISED DEBT INSTRUMENTS, SECURITY RECEIPTS, MUNICIPAL DEBT SECURITIES AND COMMERCIAL PAPER DATED 10/08/2021
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,30,04,550 VIDE CONSENT ORDER)
27-AUG-2024
|
|
| 6 |
|
|
LFS BROKING PVT.LTD.
(PAN:AACCL1007D)
|
|
|
MISUSED REGISTRATION TO PROMOTE LFS BROKING AND PMS SERVICES AND ANOTHER UNREGISTERED ENTITY MOL COMMODITIES COLLECTED FUNDS FROM INVESTORS
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
28-JUN-2024
|
|
| 7 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
|
|
|
DID NOT EXERCISE OVERSIGHT OVER THEIR DEPOSITORY PARTICIPANTS
|
DIRECTED PROMOTERS OF NSDL TO TAKE APPROPRIATE ACTION INCLUDING REVAMPING OF MANAGEMENT
DIRECTED TO DISGORGE
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.45,01,09,225.90 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH IDBI BANK LTD., JHAVERI SECURITIES PVT. LTD., KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
SAT: ORDER STAYED
SAT: IMPUGNED ORDER DATED 21/11/2006 SET ASIDE,NO ORDER AS TO COSTS
SAT: DIRECTED SEBI TO CONCLUDE INVESTIGATIONS WITH NO ORDER TO COSTS
AD-INTERIM EX-PARTE ORDER CUM SCN DATED 27/04/2006 DISPOSED OFF, VIDE ORDER DATED 02/02/2010
|
| 8 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE OPENING DEMAT ACCOUNTS
|
DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES
25-APR-2007
|
|
| 9 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
|
|
|
FACILITATED OPENING OF LARGE NUMBER OF FICTITIOUS ACCOUNTS
DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS
DID NOT NOTICE UNAUTHORISED OUTSOURCING BY DEPOSITORY PARTICIPANTS
DID NOT MAINTAIN DATA INTEGRITY
DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS
DID NOT TAKE APPROPRIATE ACTION AGAINST DEPOSITORY PARTICIPANTS FOR VARIOUS IRREGULARITIES REPEATEDLY COMMITTED BY THEM
DID NOT ADHERE TO DIRECTIVES ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,00,000
27-APR-2007
|
SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS
|
| 10 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DIRECTED TO ENSURE THAT THE DP ACCOUNTS SHOULD NOT BE UTILIZED FOR MANIPULATION IN ALLOTMENTS IN IPOS
ADVISED TO SET UP A SURVEILLANCE CELL TO DETECT ABNORMAL AND UNUSUAL FLOW OF SECURITIES IN THE DEPOSITORY ACCOUNTS
12-JAN-2006
|
|
| 11 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
|
|
|
FAILED TO COMMUNICATE COMPLETE INFORMATION ON NET WORTH OF DEPOSITORY PARTICIPANT IN MATTER OF RAJNARAYAN CAPITAL MARKET SERVICES LTD.
FAILED TO COMPLETE TERMINATION PROCESS OF DEPOSITORY PARTICIPANT PROMPTLY IN MATTER OF RAJNARAYAN CAPITAL MARKET SERVICES LTD.
FAILED TO PREVENT OR STOP UNAUTHORIZED TRANSFER OF SECURITIES OF BENEFICIAL OWNERS IN MATTER OF RAJNARAYAN CAPITAL MARKET SERVICES LTD.
|
DIRECTED NSDL TO CONDUCT AN INDEPENDENT ASSESSMENT OF EXISTING SYSTEMS AND PROCESSESS AND IDENTIFY REMEDIAL MEASURES
04-DEC-2008
|
SAT: DIRECTED SEBI THAT OBSERVATIONS MADE IN ORDER DATED 04/12/2008 SHALL STAND EXPUNGED AS THEY ARE ADVERSE TO APPLICANT
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 12 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
(PAN:AADCN9802F)
|
|
|
ALLEGED VIOLATION OF REGULATION 7(G) OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 2018
ALLEGED VIOLATION OF REGULATION 17 READ WITH CLAUSES (1), (5) AND (9) OF CODE OF CONDUCT AS SPECIFIED IN PART D OF THIRD SCHEDULE OF (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 2018
ALLEGED VIOLATION OF REGULATION 17 READ WITH CLAUSES (A), (G) AND (L) OF CODE OF CONDUCT AS SPECIFIED IN PART D OF THIRD SCHEDULE OF (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 2018
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,12,00,000 VIDE CONSENT ORDER)
17-OCT-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
