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

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person INDIAN COMMODITY EXCHANGE LTD.

(PAN:AABCI9479D)  
  DID NOT ADHERE TO NET WORTH REQUIREMENT

DID NOT SET UP SETTLEMENT GUARANTEE FUND

DID NOT ADHERE TO VARIOUS SEBI CIRCULARS

DID NOT ADHERE TO OBSERVATIONS/SUGGESTIONS POINTED OUT IN THE INSPECTION CARRIED OUT BY SEBI

DID NOT HAVE REQUISITE INFRASTRUCTURE TO COMPLY WITH FOR ORDERLY EXECUTION OF TRADES ON ITS PLATFORM  		RECOGNITION OF STOCK EXCHANGE WITHDRAWN

CEASED TO BE RECOGNIZED STOCK 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

DIRECTED TO PAY OUTSTANDING DUES AND ANNUAL REGULATORY FEES INCLUDING BALANCE IN ACCOUNTTO SEBI

DIRECTED TO PAY REGISTRATION FEES TO SEBI

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

10-MAY-2022 		SAT: SAT VIDE ITS ORDER DATED 13/06/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 10/05/2022 AND SET ASIDE DIRECTION OF SEBI NOTIFYING PERMANENT WITHDRAWAL OF RECOGNITION GRANTED TO THE APPELLANT
2 
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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