| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ABHIPRA CAPITAL LTD.
(Depository Participant : NSDL)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT REDRESS INVESTOR COMPLAINTS
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
VIOLATED SEBI CODE OF CONDUCT
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
17-AUG-2007
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.1,00,000 VIDE CONSENT ORDER)
08-APR-2009
|
INTERIM ORDER DATED 17/08/2007 MODIFIED AND ALLOWED TO OPEN NEW DP ACCOUNTS
COMPANY VIDE DD NO.501444 DATED 07/03/2009 AND 501397 DATED 06/03/2009 DRAWN ON ICICI BANK LTD. HAS PAID RS.10 LACS TOWARDS SETTLEMENT CHARGES AND RS.1 LAC TOWARDS ADMINISTRATIVE CHARGES RESPECTIVELY
|
| 2 |
|
|
JHAVERI SECURITIES LTD.
(Depository Participant : NSDL)
|
|
|
|
KAMLESH JHAVERI
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE ACTING AS A SEBI REGISTERED INTERMEDIARY
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED TO DISGORGE
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
22-DEC-2008
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FOR A PERIOD OF NINE MONTHS COMMENCING FROM SEBI' ORDER DATED 27/04/2006
DIRECTED TO DISGORGE AN AMOUNT OF RS.43,83,133.10 (SEVERALLY) AND RS.90,02,18,451.80(JOINTLY WITH NSDL, KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 21/11/2006 SET ASIDE WITH NO ORDER AS TO COSTS
SAT: ORDERED RESPONDENT BOARD TO INITIATE PROCEEDINGS FOR DISGORGEMENT AGAINST APPELLANT
REVOKED AD-INTERIM EX-PARTE ORDER DATED 27/04/2006, AS APPLICANT AGREED TO PAY RS.1,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 22/12/2008
SAT: APPEAL DISMISSED WITH COSTS OF RS.50,000
|
| 3 |
|
|
NORTHEAST BROKING SERVICES LTD.
(Depository Participant : NSDL)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE, AND DILIGENCE WHILE ACCEPTING DEMAND DRAFTS FROM CLIENTS RESULTING IN MISUSE OF DEMAND DRAFTS BY EMPLOYEES
ALLEGED WRONGFUL CREDIT OF PAYMENTS RECEIVED FROM ONE CLIENT TO ANOTHER CLIENT
ALLEGED FAILURE IN ENSURING DELIVERY OF WEB LOGIN IDS AND PASSWORDS TO CLIENTS RESULTING IN NON-RECEIPT OF ELECTRONIC CONTRACT NOTES BY CLIENTS
ALLEGED FAILURE IN REPORTING TO NSE REGARDING FUNDING OF CLIENTS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.9,00,000 VIDE CONSENT ORDER)
03-FEB-2011
|
|
| 4 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(Depository Participant : NSDL)
|
|
|
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED TRANSFER OF TRADES FROM ONE PRO-ACCOUNT TO ANOTHER PRO-ACCOUNT
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE IN MAINTENANCE OF DETAILS OF BRANCHES AND TRADING TERMINALS
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE WHILE OPENING BENEFICIAL OWNER ACCOUNTS
ALLEGED INDULGENCE IN WITHDRAWAL OF LARGE CASH AND DEPOSIT IN GROUP COMPANY
ALLEGED FAILURE IN FRAMING ANY POLICY FRAMEWORK AND DID NOT APPOINT ANY PRINCIPAL OFFICER UNDER ANTI MONEY LAUNDERING STANDARDS
ALLEGED DISCREPANCIES IN DISTRIBUTION OF NEAT/CTSL TERMINALS AND ILLEGAL DISTRIBUTION OF TRADING TERMINALS AT BRANCHES
ALLEGED OPERATING TERMINALS FROM UNDISCLOSED PREMISES AND BY UNAUTHORISED USERS AT BRANCHES
ALLEGED PERMISSION TO DEALERS WITHOUT NCFM CERTIFICATION TO DEAL IN DERIVATIVE TRADING
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.53,00,000 VIDE CONSENT ORDER)
06-SEP-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
