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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.

DEPOSITORIES: IMPOSED PENALTY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person 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
2 
History of entity/person 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
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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