| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : NSDL)
|
|
|
|
DUSHYANT NATWARLAL DALAL
PAN:AAAPD5859Q
|
|
|
PULOMA DUSHYANT DALAL
PAN:AAEPD2909B
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES MARKET INCLUDING IPOS DIRECTLY OR INDIRECTLY ON PROPRIETORY BASIS
27-APR-2006
DIRECTED TO DISGORGE RS.40,54,63,251
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.40,54,63,251.40 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH NSDL, HDFC BANK LTD., KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., IDBI BANK LTD., JHAVERI SECURITIES PVT.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 SET ASIDE LEAVING IT OPEN TO SEBI INITIATE FURTHER PROCEEDINGS IN ACCORDANCE WITH LAW WITH NO ORDER AS TO COSTS
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE AND CASE REMANDED TO SEBI WITH A DIRECTION TO PASS THREE SEPARATE ORDERS
SEBI VIDE ITS ORDER DATED 28/01/2014 PROHIBITED KARVY FROM TAKING UP ANY NEW ASSIGNMENT (I.E. NOT TO TAKE UP ANY NEW CLIENTS) FOR A PERIOD OF EIGHTEEN MONTHS.AS KARVY HAS ALREADY UNDERGONE SUCH PROHIBITION FOR 18 MONTHS AND 26 DAYS, NO FURTHER PENALTY IS IMPOSED
SEBI VIDE ITS ORDER DATED 14/03/2014, PROHIBITED KARVY FROM TAKING UP ANY NEW ASSIGNMMENT OR CONTRACT OR LAUNCH A NEW SCHEME (I.E.,NOT TO TAKE NEW CLIENTS/CUSTOMERS) FOR A PERIOD OF SIX MONTHS IN RESPECT OF ITS BUSINESS AS A STOCK BROKER
SAT: SAT VIDE ITS ORDER DATED 21/01/2015 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 14/03/2014 AND RESTORED THE FILE TO SEBI FOR PASSING A FRESH ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 15/06/2015 DIRECTED TO DISPOSE OFF THE PROCEEDINGS BY DIRECTING THE NOTICEE, KARVY STOCK BROKING LTD. NOT TO UNDERTAKE NEW PRIMARY MARKET ASSIGNMENT INCLUDING ACTING AS SYNDICATE MEMBER OR PROVIDING SYNDICATION SERVICES (PROCURING IPO APPLICATIONS AND BIDDING IN IPOS), DIRECTLY OR INDIRECTLY, IN IPOS FOR A PERIOD OF ONE YEAR. IN ORDER TO AVOID INCONVENIENCE TO ANY ISSUER/INTERMEDIARY, IT IS CLARIFIED THAT THIS DIRECTION SHALL NOT HINDER THE ACTIVITIES FOR WHICH THE NOTICEE WAS ALREADY ENGAGED FOR UNDERTAKING PRIMARY MARKET ACTIVITIES BEFORE THE DATE OF THIS ORDER
|
| 22 |
|
|
KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD.
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
DIRECTED TO DISGORGE RS.28,72,972
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.28,72,971.90 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH NSDL, HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., JHAVERI SECURITIES PVT.LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 22/01/2007
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 21/11/2006 SET ASIDE WITH NO ORDER AS TO COSTS
AD-INTERIM EX PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 29/07/2009
|
| 23 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/OTC)
|
|
|
EXTENDED “DELAYED PAYMENT FACILITY” SIMILAR TO “MARGIN TRADING FACILITY” TO ITS CLIENTS
|
IMPOSED PENALTY RS.10,00,000
24-DEC-2008
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000, LEGAL EXPENSES RS.25,000 VIDE CONSENT ORDER)
07-SEP-2009
|
SAT: ORDER DATED 24/12/2008 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.12,00,000 TOWARDS SETTLEMENT CHARGES AND RS.25,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 24 |
|
|
MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH CROSS, STRUCTURED AND SYNCHRONIZED DEALS IN SCRIP OF SHAMKEN MULTIFAB LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHAMKEN MULTIFAB LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 25 |
|
|
MOTILAL OSWAL SECURITIES LTD.
(PAN:AAACD3654Q)
(Depository Participants : CDSL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS TILL CONCLUSION OF ENQUIRY
|
| 26 |
|
|
MOTILAL OSWAL SECURITIES LTD.
(PAN:AAACD3654Q)
(Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED FAILURE IN ADHERE TO KNOW YOUR CLIENTS DIRECTIVES/INSTRUCTIONS/GUIDELINES WHILE OPENING 697 DEMAT ACCOUNTS WITH COMMON ADDRESSES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
06-MAY-2010
|
|
| 27 |
|
|
MPSE SECURITIES LTD.
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ENTERING INTO AGREEMENT WITH CLIENT AS REQUIRED UNDER CLAUSE D (2) OF CODE OF CONDUCT FOR BROKERS AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED NON MAINTENANCE OF AGREEMENT AS REQUIRED UNDER CLAUSE 1(N) OF REGULATION 17 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN MAINTAINING TRIPARTILE AGREEMENT BETWEEN BROKER-SUB BROKER AND CLIENTS AS REQUIRED VIDE SEBI CIRCULAR NO.SEBI/MRD/DOPS/CIR-11/2005 DATED 12/05/2005
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
15-JUN-2009
|
|
| 28 |
|
|
MPSE SECURITIES LTD.
(Depository Participants : CDSL)
|
|
|
ALLEGED NON-MAINTENANCE OF PROPER BOOKS OF ACCOUNTS, RECORDS AND OTHER DOCUMENTS AS REQUIRED TO BE MAINTAINED BY DEPOSITORY PARTICIPANTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
30-SEP-2008
|
|
| 29 |
|
|
MUNOTH FINANCIAL SERVICES LTD.
(Depository Participants : NSDL)
|
|
|
ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, GOOD CORPORTAE POLICIES AND CORPORATE GOVERNANCE UNDER CLAUSES 3 AND 22 OF CODE OF CONDUCT OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
07-MAY-2009
|
|
| 30 |
|
|
NORTHEAST BROKING SERVICES LTD.
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
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
|
|
| 31 |
|
|
PRABHUDAS LILLADHER PVT.LTD.
(PAN:AAACP2733Q)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF MISLEADING APPEARANCE OF TRADING THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF DSQ SOFTWARE LTD. AND DSQ BIOTECH LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SECURITIES MARKET
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,05,00,000 VIDE CONSENT ORDER)
16-FEB-2009
|
|
| 32 |
|
|
PRATIK STOCK VISION PVT.LTD.
(Depository Participants : CDSL)
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 12-JAN-2006 TILL FURTHER ORDERS
12-JAN-2006
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
16-MAY-2011
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 22/05/2007
ORDER DATED 12/01/2006 DISPOSED OFF AS APPLICANT PAID RS.15,00,000 AS PER CONSENT ORDER DATED 16/05/2011.
|
| 33 |
|
|
PRATIK STOCK VISION PVT.LTD.
(Member : NSE,Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED INDULGENCE IN CARRY FORWARD TRANSACTIONS IN SCRIP OF GLOBAL TELESYSTEMS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000 VIDE CONSENT ORDER)
22-JUN-2009
|
|
| 34 |
|
|
PRAVIN RATILAL SHARE & STOCK BROKERS LTD.
(Depository Participants : NSDL)
|
|
|
FACILITATED IN CORNERING RETAIL PORTION OF IPOS BY OPENING DEMAT ACCOUNTS IN FICTITIOUS/BENAMI NAMES
|
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
DIRECTED TO DISGORGE RS.68,76,414
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.68,76,414.27 (SEVERALLY) AND RS.90,02,18,451.80(JOINTLY WITH NSDL, JHAVERI SECURITIES PVT.LTD., KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., ING VYSYA BANK LTD. AND IDBI BANK LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 16/01/2007
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 21/11/2006 SET ASIDE WITH NO ORDER AS TO COSTS
|
| 35 |
|
|
RTG SHARE BROKING LTD.
(PAN:AADCR9629L)
(Depository Participants : CDSL)
|
|
|
ALLEGED VIOLATION OF SEBI MASTER CIRCULAR NO.CIR/ISD/AML/3/2010 DATED 31/12/2010 & CIR/ISD/AML/1/2008 DATED 19/12/2008 AND CLAUSE 11 OF SCHEDULE III OF CODE OF CONDUCT READ WITH REGULATION 20AA AND 64 OF SEBI (DEPOSITORIES & PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,55,000 VIDE CONSENT ORDER)
08-FEB-2018
|
|
| 36 |
|
|
SHILPA STOCK BROKER PVT.LTD.
(PAN:AAECS9799R)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN FURNISHING OF INFORMATION , DELAY IN DEMATERIALISATION OR ISSUE OF CERTIFICATE OF SECURITIES VIOLATING REGULATION 19A, 19D AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED FAILURE IN OPENING OF SEPARATE ACCOUNTS IN NAME OF EACH BENEFICIAL OWNER AND DID NOT FURNISH DETAILS OF SURRENDER OF SECURITIES TO ISSUER ALONGWITH CERTIFICATE OF SECURITY VIOLATING REGULATION 42(1) AND 54(4) OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
10-FEB-2010
|
|
| 37 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
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
|
|
| 38 |
|
|
SMIFS SECURITIES LTD.
(Depository Participants : CDSL)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SOUTH EAST ASIA MARINE ENGINEERING & CONSTRUCTIONS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.30,00,000 VIDE CONSENT ORDER)
07-MAR-2011
|
|
| 39 |
|
|
SOUTH INDIAN BANK LTD.,THE
(Depository Participants : CDSL)
|
|
|
ALLEGED VIOLATION OF SECTIONS 14(3), 19D AND 19G OF SEBI DEPOSITORIES ACT, 1996
ALLEGED VIOLATION OF REGULATIONS 42(2),42(3),49(C),54(4),CLAUSES 1,2,3,4,15 AND 16 OF CODE OF CONDUCT PRESCRIBED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
31-MAR-2010
|
|
| 40 |
|
|
SPT SECURITIES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
ALLEGED INDULGENCE IN OFF-MARKET TRANSACTIONS
ALLEGED IRREGULAR USE OF CLIENT’S SECURITIES AND FUNDS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 2 of 3
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