| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ADITYA BIRLA MONEY LTD.
(PAN:AAACA7472K)
(Depository Participant : NSDL)
|
|
|
CARRIED OUT PORTFOLIO MANAGEMENT SERVICES (PMS) WITHOUT ENTERING INTO AGREEMENT WITH THE CLIENTS
MISLED CLIENTS BY UNDERSTATING LOSSES AND OVERSTATING PROFITS
LOSSES COVERED BY PREMIUM ON SALE OF OPTIONS AND SHOWN ONLY AT LATER STAGES
CHARGED DELAYED PAYMENT AND LATE PAY-IN CHARGES
DID NOT HAVE ADEQUATE SYSTEMS AND INTERNAL CONTROLS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM
TRANSFERRED SECURITIES WORTH RS.5,41,502.76 FROM CLIENT DEMAT TO PRO
ACCOUNT
DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES
DID NOT ENABLE SMS ALERT FACILITY FLAG IN DEPOSITORY PARTICIPANT MODULE
ACTIVATED POWER OF ATTORNEY WITHOUT OBTAINING MOBILE NUMBER FROM CLIENT
|
IMPOSED PENALTY RS.1,02,00,000
04-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 06/12/2021 DISPOSED OF THE STAY APPLICATION AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. FURTHER, DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/12/2021 DISPOSED OFF THE MATTER AND DIRECTED AO TO CONSIDER THE OBJECTIONS RAISED BY APPELLANT AT THE TIME WHEN THE MATTER FINALLY DECIDED
|
| 2 |
|
|
ALLIED FINANCIAL SERVICES PVT.LTD.
(PAN:AAACA2020K)
(Depository Participant : NSDL)
|
|
|
INDULGED IN FACILITATION ON PART OF AFSPL INCLUDING FRAUDULENT TRANSFER OF MF UNITS VIOLATING REGULATIONS 3(A), 4(1) AND 4(2)(P) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ALLIED FINANCIAL SERVICES PVT.LTD.
DID NOT MAINTAIN HIGH STANDARD OF INTEGRITY DURING OPENING DEMAT ACCOUNTS OF DCEL AND OCL
DID NOT HAVE MAKER-CHECKER SYSTEM AND INTERNAL CONTROLS IN PLACE
MADE CHANGES IN THE DETAILS OF OCL AND DCEL IN DPM SYSTEM WITHOUT HAVING ADEQUATE SUPPORTING DOCUMENTS/ REQUEST RECEIVED FROM AUTHORIZED SIGNATORIES TO THE ACCOUNT
EXECUTED DIS WITH INCORRECT ISIN FOR OCL AND DID NOT PROVIDE ACKNOWLEDGEMENT RECEIPTS FOR ISSUANCE OF DIS BOOKLETS TO DCEL AND INCORRECT SERIES MENTIONED ON ACKNOWLEDGEMENT RECEIPT
DID NOT PROVIDE REQUEST RECEIVED FROM NEPL FOR ISSUANCE OF NEW DIS BOOKLET VIDE TRANSFERS OF MF UNITS
ISSUED DIS TO NEPL NOT IMMEDIATELY ENTERED INTO THE DPM SYSTEM
DID NOT APPOINT COMPLIANCE OFFICER VIOLATING REGULATION 81(1) OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 2018
DID NOT PRODUCE BOOKS/DOCUMENTS/CORRESPONDENCE AS DEMANDED DURING FORENSIC AUDIT/ INVESTIGATION
DID NOT INFORM SEBI ABOUT PENALTY LEVIED ON IT BY NSDL
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 02-JUL-2021 TO 01-JUL-2028
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 02-JUL-2021 TO 01-JUL-2028
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
02-JUL-2021
|
SAT: SAT VIDE ITS ORDER DATED 16/02/2022 CONDONED THE DELAY IN FILING OF APPEAL.ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 12/10/2022 REJECTED THE STAY APPLICATION
|
| 3 |
|
|
ALLIED FINANCIAL SERVICES PVT.LTD.
(PAN:AAACA2020K)
(Depository Participant : NSDL)
|
|
|
INDULGED IN FACILITATION ON PART OF AFSPL INCLUDING FRAUDULENT TRANSFER OF MF UNITS VIOLATING REGULATIONS 3(A), 4(1) AND 4(2)(P) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF ALLIED FINANCIAL SERVICES PVT.LTD.
DID NOT MAINTAIN HIGH STANDARD OF INTEGRITY DURING OPENING DEMAT ACCOUNTS OF DCEL AND OCL
DID NOT HAVE MAKER-CHECKER SYSTEM AND INTERNAL CONTROLS IN PLACE
MADE CHANGES IN THE DETAILS OF OCL AND DCEL IN DPM SYSTEM WITHOUT HAVING ADEQUATE SUPPORTING DOCUMENTS/ REQUEST RECEIVED FROM AUTHORIZED SIGNATORIES TO THE ACCOUNT
EXECUTED DIS WITH INCORRECT ISIN FOR OCL AND DID NOT PROVIDE ACKNOWLEDGEMENT RECEIPTS FOR ISSUANCE OF DIS BOOKLETS TO DCEL AND INCORRECT SERIES MENTIONED ON ACKNOWLEDGEMENT RECEIPT
DID NOT PROVIDE REQUEST RECEIVED FROM NEPL FOR ISSUANCE OF NEW DIS BOOKLET VIDE TRANSFERS OF MF UNITS
ISSUED DIS TO NEPL NOT IMMEDIATELY ENTERED INTO THE DPM SYSTEM
DID NOT APPOINT COMPLIANCE OFFICER VIOLATING REGULATION 81(1) OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 2018
DID NOT PRODUCE BOOKS/DOCUMENTS/CORRESPONDENCE AS DEMANDED DURING FORENSIC AUDIT/ INVESTIGATION
DID NOT INFORM SEBI ABOUT PENALTY LEVIED ON IT BY NSDL
|
IMPOSED PENALTY RS.3,00,00,000
02-JUL-2021
|
SAT: SAT VIDE ITS ORDER DATED 16/02/2022 CONDONED THE DELAY IN FILING OF APPEAL.ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 17/05/2022 DIRECTED TO PAY RS.3,33,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 30/06/2022 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S. HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS ORDER DATED 08/08/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF ALLIED FINANCIAL SERVICES PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
SAT: SAT VIDE ITS ORDER DATED 12/10/2022 REJECTED THE STAY APPLICATION
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
