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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.

CDSL DEPOSITORY PARTICIPANTS: DID NOT ADHERE TO EXCHANGE DIRECTIVES/INSTRUCTIONS/GUIDELINES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person MANSI SHARE & STOCK ADVISORS PVT.LTD.   (Depository Participant : CDSL)
  MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES

MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS

DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES

MADE INCORRECT REPORTING OF MARGIN

MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS

DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING

DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION

DID NOT MAINTAIN CORRECT RECORDS OF CLIENTS

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS

DID NOT UPLOAD KYC DATA WITH CKYCR

MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS

DID NOT UPLOAD PLEDGED SHARES OF CLIENTS AS PER ENHANCED SUPERVISION REQUIREMENT

DID NOT REPORT CORRECT DATA WITH RESPECT TO COLLATERAL DEPOSITED WITH CLEARING CORPORATION

OPERATED NEAT AND CTCL TERMINALS WITHOUT VALID NISM CERTIFICATION IN F&O SEGMENT  		IMPOSED PENALTY RS.13,00,000

30-JUL-2020
2 
History of entity/person MAXGROWTH CAPITAL PVT.LTD.   (Depository Participant : CDSL)
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES

MISUSED PLEDGING OF CLIENT’S SECURITIES

DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES

DID NOT RECONCILE STOCK AND DIFFERENCE IN REGISTER OF SECURITIES

DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS

DID NOT MATCH NET BALANCE ACROSS EXCHANGES WITH BACK OFFICE BOOKS

DID NOT PROVIDE CORRECT DETAILS OF EMAIL ID AND MOBILE NUMBERS OF CLIENTS

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES

MADE INCORRECT REPORTING OF MARGIN

PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE

DID NOT PROVIDE VOICE RECORDING FOR TRADES

DID NOT MAINTAIN EXCLUSIVE EMAIL ID FOR REDRESSAL OF INVESTOR COMPLAINTS

OPERATED TERMINAL BY CORPORATE MANAGER WITHOUT VALID NCFM/NISM CERTIFICATION IN CM AND/OR FO & CD SEGMENT  		IMPOSED PENALTY RS.15,00,000

29-APR-2022 		SEBI VIDE ITS NOTICE DATED 20/07/2022 DIRECTED TO PAY RS.15,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 10/08/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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 25/08/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF MAXGROWTH CAPITAL PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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