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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – CONSENT ORDERS/ PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS
PERIOD COVERED : 30-OCT-2007 TO 21-NOV-2024

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.

STOCK BROKERS: VIOLATIONS SPECIFIED IN EARLIER SEBI/NSE ORDERS/CIRCULARS

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

(Member : BSE)
  ALLEGED FAILURE TO CARRY OUT ACTUAL SETTLEMENT OF FUNDS & SECURITIES OF ACTIVE AND INACTIVE CLIENTS DURING INSPECTION PERIOD VIOLATING SEBI CIRCULARS REF. NO.SEBI/MIRSD/SE/CIR-19/2009 DATED 03/12/2009 AND SEBI/MIRSD/SE/CIR/01/2011 DATED 13/05/2011

ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 9 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.58,96,000 VIDE CONSENT ORDER)

31-OCT-2018
History of entity/person ALANKIT ASSIGNMENTS LTD.  

(Member : NSE)
  ALLEGED FAILURE TO CARRY OUT ACTUAL SETTLEMENT OF FUNDS & SECURITIES OF ACTIVE AND INACTIVE CLIENTS DURING INSPECTION PERIOD VIOLATING SEBI CIRCULARS REF. NO.SEBI/MIRSD/SE/CIR-19/2009 DATED 03/12/2009 AND SEBI/MIRSD/SE/CIR/01/2011 DATED 13/05/2011

ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 9 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.58,96,000 VIDE CONSENT ORDER)

31-OCT-2018
History of entity/person ANGEL ONE LTD.  

(Member : BSE)
  ALLEGED FAILURE IN MAINTAINING PROPER RECORD OF EXECUTION OF TRADES OF CLIENTS IN THE FORM OF VOICE RECORDING SYSTEM (VRS) TO RECORD PLACEMENT OF ORDERS BY THE CLIENTS THROUGH ITS AUTHORISED PERSONS VIOLATING PROVISIONS OF SEBI/HO/MIRSD/DOP1/CIR/P/2018/54 DATED 22/03/2018 AND MIRSD/ DR-1/CIR-16/09 DATED 06/11/2009 IN THE MATTER OF FRONT RUNNING OF ORDERS OF ITS BIG CLIENTS BY ITS AP MR.JITENDRA KEWALRAMANI

ALLEGED FAILURE IN MAINTAINING PROPER RECORD OF EXECUTION OF TRADES OF CLIENTS IN THE FORM OF VOICE RECORDING SYSTEM (VRS) TO RECORD PLACEMENT OF ORDERS BY THE CLIENTS THROUGH ITS AUTHORISED PERSONS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT AS SPECIFIED UNDER SCHEDULE II OF THE SEBI (STOCK BROKERS) REGULATIONS, 1992 READ WITH REGULATION 9(F) IN THE MATTER OF FRONT RUNNING OF ORDERS OF ITS BIG CLIENTS BY ITS AP MR.JITENDRA KEWALRAMANI 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,64,500 VIDE CONSENT ORDER)

27-SEP-2024
History of entity/person ANGEL ONE LTD.  

(Member : NSE)
  ALLEGED FAILURE IN MAINTAINING PROPER RECORD OF EXECUTION OF TRADES OF CLIENTS IN THE FORM OF VOICE RECORDING SYSTEM (VRS) TO RECORD PLACEMENT OF ORDERS BY THE CLIENTS THROUGH ITS AUTHORISED PERSONS VIOLATING PROVISIONS OF SEBI/HO/MIRSD/DOP1/CIR/P/2018/54 DATED 22/03/2018 AND MIRSD/ DR-1/CIR-16/09 DATED 06/11/2009 IN THE MATTER OF FRONT RUNNING OF ORDERS OF ITS BIG CLIENTS BY ITS AP MR.JITENDRA KEWALRAMANI

ALLEGED FAILURE IN MAINTAINING PROPER RECORD OF EXECUTION OF TRADES OF CLIENTS IN THE FORM OF VOICE RECORDING SYSTEM (VRS) TO RECORD PLACEMENT OF ORDERS BY THE CLIENTS THROUGH ITS AUTHORISED PERSONS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT AS SPECIFIED UNDER SCHEDULE II OF THE SEBI (STOCK BROKERS) REGULATIONS, 1992 READ WITH REGULATION 9(F) IN THE MATTER OF FRONT RUNNING OF ORDERS OF ITS BIG CLIENTS BY ITS AP MR.JITENDRA KEWALRAMANI 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.21,64,500 VIDE CONSENT ORDER)

27-SEP-2024
History of entity/person ANGEL ONE LTD.

(PAN:AAACM6094R)  

(Member : NSE)
  ALLEGED VIOLATION OF RULES 8(1)(F) AND 8(3)(F) OF SECURITIES CONTRACT (REGULATION) RULES, 1957

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS

ALLEGED VIOLATION OF SEBI CIRCULAR ON CYBER SECURITY AND CYBER RESILIENCE DATED 03/12/2018

ALLEGED VIOLATION OF CLAUSE 7(A) OF ANNEXURE 1 TO SEBI CIRCULAR NO.MIRSD/DR-1/CIR-16/09 DATED 06/11/2009

ALLEGED VIOLATION OF SECTION 23D OF SC(R) ACT, 1956 READ WITH CLAUSE 1 OF SEBI CIRCULAR SMD/SED/CIR/93/23321 DATED 18/11/1993 AND CLAUSE 3 OF ANNEXURE OF SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016

ALLEGED VIOLATION OF CLAUSE 3.2 OF ANNEXURE OF SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016

ALLEGED VIOLATION OF VARIOUS NSE CIRCULARS

ALLEGED VIOLATION OF CLAUSE A(5) OF SCHEDULE II FOR CODE OF CONDUCT READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992

ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,74,56,000 VIDE CONSENT ORDER)

25-OCT-2024
History of entity/person ANGEL ONE LTD.  

(Member : BSE)
  ALLEGED VIOLATION OF RULES 8(1)(F) AND 8(3)(F) OF SECURITIES CONTRACT (REGULATION) RULES, 1957

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS

ALLEGED VIOLATION OF SEBI CIRCULAR ON CYBER SECURITY AND CYBER RESILIENCE DATED 03/12/2018

ALLEGED VIOLATION OF CLAUSE 7(A) OF ANNEXURE 1 TO SEBI CIRCULAR NO.MIRSD/DR-1/CIR-16/09 DATED 06/11/2009

ALLEGED VIOLATION OF SECTION 23D OF SC(R) ACT, 1956 READ WITH CLAUSE 1 OF SEBI CIRCULAR SMD/SED/CIR/93/23321 DATED 18/11/1993 AND CLAUSE 3 OF ANNEXURE OF SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016

ALLEGED VIOLATION OF CLAUSE 3.2 OF ANNEXURE OF SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016

ALLEGED VIOLATION OF VARIOUS NSE CIRCULARS

ALLEGED VIOLATION OF CLAUSE A(5) OF SCHEDULE II FOR CODE OF CONDUCT READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992

ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,74,56,000 VIDE CONSENT ORDER)

25-OCT-2024
History of entity/person ASE CAPITAL MARKETS LTD.  

(Member : NSE)
  ALLEGED DIRECTOR OF STOCK BROKING FIRM ACTING AS SUB BROKER OF HIS OWN FIRM VIOLATING REGULATION 15A OF SEBI (STOCK BOKERS AND SUB-BROKERS) REGULATIONS, 1992

ALLEGED DEFAULT IN APPOINMENT OF CHIEF EXECUTIVE OFFICER AND RECONSTITUTION OF GOVERNING BOARD AS REQUIRED VIDE SEBI CIRCULAR NO.SMD/POLICY/CIR-04/2003 DATED 11/02/2003

ALLEGED ASSIGN OR DELIGATE ITS FUNCTIONS AS PARTICIPANT WITHOUT APPROVAL OF DEPOSITORY AS REQUIRED UNDER REGULATION 52 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED VIOLATION OF CODE OF CONDUCT AS SPECIFIED IN THIRD SCHEDULE UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED FAILURE IN FULFILLING CRITERIA FOR GRANT OF CERTIFICATE OF REGISTRATION AS REQUIRED UNDER REGULATION 19A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

29-JUN-2009
History of entity/person ASE CAPITAL MARKETS LTD.  

(Member : BSE)
  ALLEGED DIRECTOR OF STOCK BROKING FIRM ACTING AS SUB BROKER OF HIS OWN FIRM VIOLATING REGULATION 15A OF SEBI (STOCK BOKERS AND SUB-BROKERS) REGULATIONS, 1992

ALLEGED DEFAULT IN APPOINMENT OF CHIEF EXECUTIVE OFFICER AND RECONSTITUTION OF GOVERNING BOARD AS REQUIRED VIDE SEBI CIRCULAR NO.SMD/POLICY/CIR-04/2003 DATED 11/02/2003

ALLEGED ASSIGN OR DELIGATE ITS FUNCTIONS AS PARTICIPANT WITHOUT APPROVAL OF DEPOSITORY AS REQUIRED UNDER REGULATION 52 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED VIOLATION OF CODE OF CONDUCT AS SPECIFIED IN THIRD SCHEDULE UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED FAILURE IN FULFILLING CRITERIA FOR GRANT OF CERTIFICATE OF REGISTRATION AS REQUIRED UNDER REGULATION 19A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

29-JUN-2009
History of entity/person ASE CAPITAL MARKETS LTD.  

(Member : CSE)
  ALLEGED DIRECTOR OF STOCK BROKING FIRM ACTING AS SUB BROKER OF HIS OWN FIRM VIOLATING REGULATION 15A OF SEBI (STOCK BOKERS AND SUB-BROKERS) REGULATIONS, 1992

ALLEGED DEFAULT IN APPOINMENT OF CHIEF EXECUTIVE OFFICER AND RECONSTITUTION OF GOVERNING BOARD AS REQUIRED VIDE SEBI CIRCULAR NO.SMD/POLICY/CIR-04/2003 DATED 11/02/2003

ALLEGED ASSIGN OR DELIGATE ITS FUNCTIONS AS PARTICIPANT WITHOUT APPROVAL OF DEPOSITORY AS REQUIRED UNDER REGULATION 52 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED VIOLATION OF CODE OF CONDUCT AS SPECIFIED IN THIRD SCHEDULE UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996

ALLEGED FAILURE IN FULFILLING CRITERIA FOR GRANT OF CERTIFICATE OF REGISTRATION AS REQUIRED UNDER REGULATION 19A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

29-JUN-2009
10 
History of entity/person GEOJIT FINANCIAL SERVICES LTD.  

(Member : NSE)
  ALLEGED INDULGENCE IN NEGOTIATED DEALS PROHIBITED VIDE SEBI CIRCULARS NO.SMDRP/POLICY/CIRCULAR-20/98 DATED 04/08/1998 AND SMDRP/POLICY/CIRCULAR-32/99 DATED 14/09/1999  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

11-AUG-2009
11 
History of entity/person GEOJIT FINANCIAL SERVICES LTD.  

(Member : BSE)
  ALLEGED INDULGENCE IN NEGOTIATED DEALS PROHIBITED VIDE SEBI CIRCULARS NO.SMDRP/POLICY/CIRCULAR-20/98 DATED 04/08/1998 AND SMDRP/POLICY/CIRCULAR-32/99 DATED 14/09/1999  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

11-AUG-2009
12 
History of entity/person GEOJIT FINANCIAL SERVICES LTD.  

(Member : COCSE)
  ALLEGED INDULGENCE IN NEGOTIATED DEALS PROHIBITED VIDE SEBI CIRCULARS NO.SMDRP/POLICY/CIRCULAR-20/98 DATED 04/08/1998 AND SMDRP/POLICY/CIRCULAR-32/99 DATED 14/09/1999  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

11-AUG-2009
13 
History of entity/person INDIABULLS SECURITIES LTD.

(PAN:AAACO0870B)  

(Member : BSE)
  ALLEGED FAILURE IN MAINTENANCE OF INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(2) AND B(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,00,000 VIDE CONSENT ORDER)

19-DEC-2014
14 
History of entity/person INDIABULLS SECURITIES LTD.

(PAN:AAACO0870B)  

(Member : NSE)
  ALLEGED FAILURE IN MAINTENANCE OF INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(2) AND B(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,00,000 VIDE CONSENT ORDER)

19-DEC-2014
15 
History of entity/person ITI FINANCIAL SERVICES LTD.  

(Member : NSE)
  ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

16-MAR-2009
16 
History of entity/person ITI FINANCIAL SERVICES LTD.  

(Member : BSE)
  ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

16-MAR-2009
17 
History of entity/person K & A SECURITIES PVT.LTD.

(PAN:AAACK1251G)  

(Member : NSE)
  ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH

ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE

ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON

ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)

27-APR-2012
18 
History of entity/person K & A SECURITIES PVT.LTD.

(PAN:AAACK1251G)  

(Member : BSE)
  ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS

ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH

ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE

ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES

ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON

ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES

ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)

27-APR-2012
19 
History of entity/person KEYNOTE CAPITALS LTD.

(PAN:AAACK2618R)  

(Member : BSE)
  ALLEGED ACCEPTANCE OF THIRD PARTY CHEQUE TOWARDS BROKERAGE VIOLATING SEBI CIRCULAR NO. SEBI/MRD/SE/CIR-33/2003/27/08 DATED 27/08/2003

ALLEGED FAILURE IN SETTLEMENT OF CROSS DEAL ON T+2 BASIS VIOLATING SEBI CIRCULAR NO. SMD/POLICY/CIR-06/03 DATED 06/02/2003 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

16-FEB-2017
20 
History of entity/person KEYNOTE CAPITALS LTD.

(PAN:AAACK2618R)  

(Member : NSE)
  ALLEGED ACCEPTANCE OF THIRD PARTY CHEQUE TOWARDS BROKERAGE VIOLATING SEBI CIRCULAR NO. SEBI/MRD/SE/CIR-33/2003/27/08 DATED 27/08/2003

ALLEGED FAILURE IN SETTLEMENT OF CROSS DEAL ON T+2 BASIS VIOLATING SEBI CIRCULAR NO. SMD/POLICY/CIR-06/03 DATED 06/02/2003 
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

16-FEB-2017
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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