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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 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 EXCHANGES: DID NOT MAINTAIN BASE MINIMUM CAPITAL

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person COCHIN STOCK EXCHANGE LTD.  
  INADEQUATE INFRASTRUCTURE FACILITIES AVAILABLE WITH THE EXCHANGE

DID NOT MAINTAIN STIPULATED MINIMUM BMC

DID NOT RECOVER DUES FROM MEMBERS  		DIRECTED GOVERNING BOARD OF STOCK EXCHANGE TO SUBMIT A COMPLIANCE REPORT WITH RESPECT TO OBSERVATIONS WHICH STILL HAVE NOT BEEN COMPLIED WITH

DIRECTED THE GOVERNING BOARD OF STOCK EXCHANGE TO BE MORE VIGILANT, CAUTIOUS AND CAREFUL IN FUTURE IN DISCHARGE OF ITS FUNCTIONS AS A SELF REGULATORY ORGANISATION

02-FEB-2006
2 
History of entity/person MADHYA PRADESH STOCK EXCHANGE LTD.  
  DID NOT MAINTAIN BASE MINIMUM CAPITAL

DID NOT COLLECT/RECOVER OUTSTANDING DUES FROM BROKERS

DID NOT CONDUCT INSPECTION OF SUBSIDIARY COMPANY/SUB-BROKERS

DID NOT APPOINT LISTING COMMITTEE

DID NOT MAINTAIN BASIC PLATFORM FOR TRADING AND SETTLEMENT SUCH AS CLEARING HOUSE, SEPARATE BANK ACCOUNT, SEPARATE DEMAT ACCOUNT, LICENSED AND TESTED TRADING SOFTWARE, PROPER MAN POWER ETC.

DID NOT SET UP INVESTOR PROTECTION FUND  		DIRECTED STOCK EXCHANGE TO RECTIFY DEFICIENCIES MADE IN LAST INSPECTION REPORT AND PUT IN PLACE BASIC SYSTEMS REQUIRED TO PERFORM AS RECOGNIZED STOCK EXCHANGE WITHIN 3 MONTHS FROM THE DATE OF ORDER

18-FEB-2008
3 
History of entity/person MAGADH STOCK EXCHANGE ASSOCIATION LTD.  
  DID NOT SET UP INVESTOR PROTECTION FUND

DID NOT INSPECT BOOKS OF ACCOUNTS OF ITS MEMBERS

SUB-BROKERS DID NOT PAY ANNUAL REGISTRATION FEE

SUBSIDIARY DID NOT PAY LEASE RENTAL

DID NOT RECOVER DUES LEADING TO DRAIN OF EXCHANGE’S RESOURCES

DID NOT REFUND REFUNDABLE FINANCIAL SUPPORT GRANTED BY SEBI

DID NOT PROVIDE SUBSIDY TO MEMBERS TRADING THROUGH ISE SERVICES LTD.

DID NOT TRANSFER 50% OF INTEREST EARNED ON 1% SECURITY DEPOSIT TO INVESTOR PROTECTION FUND

COMMENCED TRADING WITHOUT SETTING UP OF SETTLEMENT GUARANTEE FUND/TRADE GUARANTEE FUND

DID NOT ADHERE TO CORPORATISATION & DEMUTUALIZATION SCHEME

FAILED TO APPOINT EXECUTIVE DIRECTOR AT THE EXCHANGE

DID NOT MAINTAIN STIPULATED MINIMUM BMC  		REJECTED APPLICATION FOR RENEWAL OF RECOGNITION AS STOCK EXCHANGE

DIRECTED TO REFRAIN FROM TRANSFERRING OR ALIENATING ANY MOVABLE OR IMMOVABLE PROPERTY OF EXCHANGE

DIRECTED TO TRANSFER MONEY AVAILABLE IN INVESTOR PROTECTION FUND AND INVESTOR SERVICES FUND LYING UNUTILIZED TO SEBI INVESTOR PROTECTION AND EDUCATION FUND

DIRECTED TO SET ASIDE SUFFICIENT FUNDS TO PROVIDE SETTLEMENT OF ANY CLAIMS

TRADING MEMBERS SHALL CEASE TO BE TRADING MEMBERS

DIRECTED TO REFRAIN FROM USING THE EXPRESSION “STOCK EXCHANGE” OR ANY VARIANT IN ITS NAME OR SUBSIDIARY COMPANY’S NAME

DIRECTED TO PAY BALANCE AMOUNT OF REFUNDABLE FINANCIAL SUPPORT GRANTED BY SEBI

30-AUG-2007 		SAT: APPEAL DISMISSED, LEAVING PARTIES TO BEAR OWN COSTS
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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