| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ESTEE ADVISORS PVT.LTD.
(PAN:AABCE9657R)
|
|
|
ALLEGED VIOLATING REGULATIONS 15(1), 15(2A) AND 15(4) OF SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.14,45,000 VIDE CONSENT ORDER)
23-FEB-2018
|
|
| 2 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
|
|
|
ALLEGED INDULGENCE IN MANAGEMENT OF FUNDS IN MANNER WHICH PARTAKES CHARACTER OF MUTUAL FUND
ALLEGED NOT TAKEN INTO ACCOUNT CLIENT NEEDS WHILE MANAGING CLIENT PORTFOLIO
ALLEGED USED TERM ‘SCHEME’ IN VARIOUS PLACES, INCLUDING IN AGREEMENT AND DISCLOSURE DOCUMENT
ALLEGED KYC OF CERTAIN CLIENTS FOUND TO BE INCOMPLETE
ALLEGED DID NOT PROVIDE ACTUAL AMOUNT OF FEES PAYABLE BY CLIENT AND FROZEN CLIENT’S ACCOUNTS AND NOT MANAGED FUNDS OF CLIENT
ALLEGED NOT ACT IN FIDUCIARY CAPACITY WITH REGARD TO CLIENT'S FUNDS, NOT OBSERVED HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS AND NOT RENDERED HIGH STANDARDS OF SERVICE
ALLEGED NOT UPLOADED EXISTING KYC WITH KRA
ALLEGED IMPOSED A LOCK-IN ON CLIENT'S FUNDS AND DID ALLOW CLIENTS TO WITHDRAW THEIR ASSETS BY VOLUNTARILY TERMINATING THE AGREEMENT
ALLEGED NOT DISCLOSE VARIOUS ACTIONS INITIATED/TAKEN BY SEBI AGAINST KSBL AND ITS ASSOCIATES IN DISCLOSURE DOCUMENT AND DISCLOSED THOSE PRODUCTS WHICH WEE NOT BEING OFFERED TO CLIENT
ALLEGED MISLED CLIENTS ON PERFORMANCE OF PORTFOLIOS BY MAKING EXAGGERATED STATEMENTS
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.6,80,000 VIDE CONSENT ORDER)
11-SEP-2017
|
|
| 3 |
|
|
KHANDWALA SECURITIES LTD.
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS VIOLATING REGULATIONS 4(B) (C) AND (D) OF SEBI (PFUTP) REGULATIONS, 2003 IN SCRIP OF DSQ SOFTWARE LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF DSQ SOFTWARE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.40,00,000 VIDE CONSENT ORDER)
15-SEP-2009
|
|
| 4 |
|
|
P.N.VIJAY FINANCIAL SERVICES PVT.LTD.
|
|
|
ALLEGED VIOLATION OF CODE OF CONDUCT OF PORTFOLIO MANAGERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
20-NOV-2007
|
|
| 5 |
|
|
RELIANCE CAPITAL ASSET MANAGEMENT LTD.
(PAN:AAACR2668G)
|
|
|
ALLEGED INDULGENCE IN MAKING INADEQUATE DISCLOSURE OF INFORMATION RELATING TO MANAGEMENT OF RELATED PARTY ACCOUNTS IN DISCLOSURE DOCUMENT VIOLATING REGULATIONS 13 AND 14(2) OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993 READ WITH CLAUSES 3 AND 5 OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATION, 1993
ALLEGED HOLDING SECURITIES OF CLIENTS IN OWN ACCOUNT VIOLATING REGULATION 14 READ WITH SCHEDULE V AND REGULATION 13 READ WITH CLAUSES 3 AND 12 (A) OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED PROVIDING INCOMPLETE ACCOUNT OPENING FORMS AND UNAVAILABLITY OF COMPLETE KYC DOCUMENTS FOR SOME CORPORATE ENTITIES VIOLATING REGULATION 13 READ WITH CLAUSE 3 OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED NON FURNISHING OF PHYSICAL COPIES OF REPORTS CONTAINING PRESCRIBED DETAILS TO CLIENTS ON HALF YEARLY BASIS VIOLATING OF REGULATION 21 READ WITH SCHEDULE IV OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED NOT CONDUCTING BUSINESS WITH HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN DEALING WITH CLIENTS, DID NOT RENDER HIGH STANDARDS OF SERVICE, DID NOT ENSURE PROPER CARE IN DEALING AND DID NOT HANDLE COMPLAINTS FROM CLIENTS IN PROPER AND TIMELY MANNER VIOLATING REGULATION 13 READ WITH CALUSES 1 AND 3 OF CODE OF CONDUCT ALONG WITH REGULATION 15 (6) OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.19,50,000 VIDE CONSENT ORDER)
14-JAN-2016
|
|
| 6 |
|
|
RELIGARE ASSET MANAGEMENT CO.LTD.
|
|
|
ALLEGED FAILURE IN COMPLIANCE WITH (A) CLAUSE 1.1 OF CODE OF ADVERTISEMENT AND CLAUSE C(III) OF SEBI CIRCULAR NO.1(93-94) DATED 20/10/1993 AND (B) CLAUSES 1 AND 5 OF SEBI CIRCULAR NO.IMD/PMS/CIR/1/21727/03 DATED 18/11/2003
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000 VIDE CONSENT ORDER)
27-SEP-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
