| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
M.G.GUPTA
|
|
|
|
CREDITCAPITAL ASSET MANAGEMENT CO.LTD.
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 42 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
|
|
|
SEVERAL DISCIPLINARY ACTION TAKEN/INITIATED BY SEBI AGAINST THE APPLICANT AS A STOCK BROKER
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
18-JUN-2004
|
|
| 43 |
|
|
MAYANK KHEMKA
|
|
|
|
WEALTH MANAGEMENT ADVISORY SERVICES LTD.
|
|
DISCIPLINARY ACTION TAKEN/PENDING AGAINST THE COMPANIES CONNECTED WITH THE APPLICANT
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
18-JUN-2004
|
|
| 44 |
|
|
MILESTONE CAPITAL ADVISORS PVT.LTD.
(PAN:AAJCS1377C)
|
|
|
|
RUBI ARYA
PAN:AAVPA0654P
|
|
DID NOT KEEP MINIMUM INVESTMENT PER CLIENT
DID NOT APPOINT SEBI REGISTERED CUSTODIAN
DID NOT PROVIDE INFORMATION IN QUARTERLY REPORT TO CLIENTS
DID NOT CONDUCT INTERNAL AUDIT
DID NOT SUBMIT HALF-YEARLY REPORT TO SEBI REGARDING COMPLIANCE OF GUIDELINES FOR IMPROVEMENT IN CORPORATE GOVERNANCE
|
IMPOSED PENALTY RS.5,00,000
30-JUN-2023
|
|
| 45 |
|
|
ONELIFE CAPITAL ADVISORS LTD.
(PAN:AAACO9540L)
(Member : BSE)
|
|
|
|
A.P.SHUKLA
PAN:AECPS3296Q
|
|
|
DHANANJAY CHANDRAKANT PARIKH
PAN:ACTPP2402L
|
|
|
PANDOO PRABHAKAR NAIG
PAN:ACNPN2800J
|
|
|
T.S.RAGHAVAN
PAN:AAFPR1521A
|
|
|
THIRUVIDAIMARUDUR KRISHNA PRABHAKAR NAIG
PAN:ABIPN2653D
|
|
|
TUSHAR SHIRDHARANI
PAN:AAIPS0065M
|
|
MISUTILIZED ISSUE PROCEEDS
DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS
|
DIRECTED NOT TO ISSUE ANY EQUITY SHARES OR ANY INSTRUMENT CONVERTIBLE INTO EQUITY SHARES OR ALTER ITS CAPITAL STRUCTURE IN ANY MANNER FROM 28-DEC-2011 TILL FURTHER ORDERS
PROHIBITED FROM TAKING UP ANY NEW ASSIGNMENT AS DEBENTURE TRUSTEE OR INVOLVEMENT IN ANY NEW ISSUE OF CAPITAL INCLUDING IPO, FOLLOW-ON ISSUE FROM 28-DEC-2011 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TILL FURTHER ORDERS
DIRECTED COMPANY TO CALL BACK ICDS AND/OR OTHER AMOUNTS AND DEPOSIT THE SAME IN AN INTEREST BEARING ESCROW ACCOUNT
DIRECTED BSE, NSE, NSDL AND CDSL TO ENSURE THAT DIRECTIONS ISSUED VIDE ORDER ARE STRICTLY ENFORCE
DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED
28-DEC-2011
|
SAT: APPEAL DISPOSED OFF WITH NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 15/02/2012 MODIFIED ITS EARLIER ORDER DATED 28/12/2011 BY ALLOWING TO DEAL IN SHARES FOR LIMITED PURPOSE OF FULFILLING THEIR EXISTING OBLIGATIONS OF UNDERWRITING FOR MINIMUM SUBSCRIPTION
SAT: SAT VIDE ITS ORDER DATED 25/06/2012 DIRECTED SEBI TO COMPLETE THE INVESTIGATIONS AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY CASE BEFORE 31/10/2012. NO COSTS
SEBI VIDE ITS ORDER DATED 16/01/2013 CONFIRMED ITS DIRECTIONS ISSUED IN PARAGRAPHS 14.3, 14.4, 14.5, 14.6, 14.8 AND 14.9 OF EX-PARTE ORDER DATED 28/12/2011 READ WITH ORDER DATED 15/02/2012
SAT: DIRECTED SEBI TO ISSUE SHOW CAUSE NOTICE WITHIN FIVE WEEKS AND PASS FINAL ORDER WITHIN A PERIOD OF FOUR MONTHS FROM THE DATE OF THIS ORDER OTHERWISE INTERIM ORDER PASSED BY SEBI SHALL STAND VACATED
SEBI VIDE ITS ORDER DATED 30/08/2013 DIRECTED ONELIFE CAPITAL ADVISORS LTD. AND ITS MANAGING DIRECTOR MR. PANDOO P.NAIG 1.TO BRING JOINTLY AND SEVERALLY RS.35.25 CRORES I.E. DIVERTED IPO PROCEEDS INTO COMPANY FROM FINCARE, PRECISE AND KPT WITHIN SIX MONTHS FROM DATE OF THIS ORDER 2.DIRECTED ITS BOARD OF DIRECTORS TO ENSURE COMPLIANCE OF ABOVE DIRECTION AND SUBMIT A MONTHLY PROGRESS REPORT TO SEBI AND ALSO TO FURNISH TO SEBI A COMPLIANCE REPORT DULY CERTIFIED BY SEBI REGISTERED MERCHANT BANKER WITHIN TWO WEEKS OF COMPLIANCE OF ABOVE DIRECTION; 3.TO RESTRAINED AND PROHIBITED FROM ACCESSING SECURITIES MARKET AND ALSO PROHIBITED FROM BUYING, SELLING AND OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN WHATSOEVER MANNER, FOR A PERIOD OF 3 YEARS FROM DATE OF INTERIM ORDER
|
| 46 |
|
|
OXUS INVESTMENTS PVT.LTD.
|
|
|
|
RAVINDER KAUR
|
|
|
SURJIT S.BHALLA
|
|
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-DEC-2004
|
|
| 47 |
|
|
P.MURARI
|
|
|
|
CREDITCAPITAL ASSET MANAGEMENT CO.LTD.
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 48 |
|
|
P.N.VIJAY FINANCIAL SERVICES PVT.LTD.
|
|
|
ALLEGED VIOLATION OF CODE OF CONDUCT OF PORTFOLIO MANAGERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
20-NOV-2007
|
|
| 49 |
|
|
P.N.VIJAY FINANCIAL SERVICES PVT.LTD.
|
|
|
ACCEPTED CLIENTS’ FUNDS AND SECURITIES DIRECTLY AND DID NOT TAKE UP ASSIGNMENT OF MANAGEMENT OF FUNDS AND PORTFOLIO OF SECUTITIES VIOLATING REGULATIONS 16(1)(A) AND 14(1)(A) OF SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993
DID NOT PROVIDE ADEQUATE DETAILS IN KYC DOCUMENTS AND PMS AGREEMENTS VIOLATING REGULATIONS 16(1)(A) AND 14(1)(A) OF SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993
DID NOT MAKE COMPLETE DISCLOSURE VIOLATING SCHEDULE V READ WITH REGULATION 14 OF SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993
DID NOT EXERCISE DUE DILIGENCE WHILE ENTERING INTO AGREEMENTS WITH CLIENTS VIOLATING PROVISIONS STIPULATED IN SEBI CIRCULAR NO.CIR/IMD/DF/13/2010 DATED 05/10/2010
DID NOT PROVIDE DETAILS OF FEE SCHEDULES IN AGREEMENTS WITH CLIENTS VIOLATING PROVISIONS STIPULATED IN SEBI CIRCULAR NO CIR/IMD/DF/13/2010 DATED 05/10/2010
|
IMPOSED PENALTY RS.5,00,000
28-JUN-2019
|
|
| 50 |
|
|
PRASHANT KHANDELWAL
|
|
|
|
KB CAPITAL MARKETS PVT.LTD.
PAN:AABCK1174F
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT GET AUDITED PORTFOLIO ACCOUNTS OF CLIENTS BY INDEPENDENT CHARTERED ACCOUNTANT AS REQUIRED UNDER REGULATION 20 (3) OF SEBI (PORTFOLIO MANAGER) REGULATIONS),1993
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-DEC-2008
|
|
| 51 |
|
|
R.K.GUPTA
|
|
|
|
CREDITCAPITAL ASSET MANAGEMENT CO.LTD.
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 52 |
|
|
R.SREESANKAR
|
|
|
|
WEALTH MANAGEMENT ADVISORY SERVICES LTD.
|
|
DISCIPLINARY ACTION TAKEN/PENDING AGAINST THE COMPANIES CONNECTED WITH THE APPLICANT
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
18-JUN-2004
|
|
| 53 |
|
|
RAJARAM BHASIN SHARE & STOCK BROKERS LTD.
(Along with : CREDITCAPITAL ASSET MANAGEMENT CO.LTD.)
|
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 54 |
|
|
RAKESH GUPTA
|
|
|
|
KB CAPITAL MARKETS PVT.LTD.
PAN:AABCK1174F
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT GET AUDITED PORTFOLIO ACCOUNTS OF CLIENTS BY INDEPENDENT CHARTERED ACCOUNTANT AS REQUIRED UNDER REGULATION 20 (3) OF SEBI (PORTFOLIO MANAGER) REGULATIONS),1993
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-DEC-2008
|
|
| 55 |
|
|
RAVINDER KAUR
|
|
|
|
OXUS INVESTMENTS PVT.LTD.
|
|
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-DEC-2004
|
|
| 56 |
|
|
RELIANCE CAPITAL ASSET MANAGEMENT LTD.
(PAN:AAACR2668G)
|
|
|
ALLEGED INDULGENCE IN MAKING INADEQUATE DISCLOSURE OF INFORMATION RELATING TO MANAGEMENT OF RELATED PARTY ACCOUNTS IN DISCLOSURE DOCUMENT VIOLATING REGULATIONS 13 AND 14(2) OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993 READ WITH CLAUSES 3 AND 5 OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATION, 1993
ALLEGED HOLDING SECURITIES OF CLIENTS IN OWN ACCOUNT VIOLATING REGULATION 14 READ WITH SCHEDULE V AND REGULATION 13 READ WITH CLAUSES 3 AND 12 (A) OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED PROVIDING INCOMPLETE ACCOUNT OPENING FORMS AND UNAVAILABLITY OF COMPLETE KYC DOCUMENTS FOR SOME CORPORATE ENTITIES VIOLATING REGULATION 13 READ WITH CLAUSE 3 OF CODE OF CONDUCT OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED NON FURNISHING OF PHYSICAL COPIES OF REPORTS CONTAINING PRESCRIBED DETAILS TO CLIENTS ON HALF YEARLY BASIS VIOLATING OF REGULATION 21 READ WITH SCHEDULE IV OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED NOT CONDUCTING BUSINESS WITH HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN DEALING WITH CLIENTS, DID NOT RENDER HIGH STANDARDS OF SERVICE, DID NOT ENSURE PROPER CARE IN DEALING AND DID NOT HANDLE COMPLAINTS FROM CLIENTS IN PROPER AND TIMELY MANNER VIOLATING REGULATION 13 READ WITH CALUSES 1 AND 3 OF CODE OF CONDUCT ALONG WITH REGULATION 15 (6) OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.19,50,000 VIDE CONSENT ORDER)
14-JAN-2016
|
|
| 57 |
|
|
RELIGARE ASSET MANAGEMENT CO.LTD.
|
|
|
ALLEGED FAILURE IN COMPLIANCE WITH (A) CLAUSE 1.1 OF CODE OF ADVERTISEMENT AND CLAUSE C(III) OF SEBI CIRCULAR NO.1(93-94) DATED 20/10/1993 AND (B) CLAUSES 1 AND 5 OF SEBI CIRCULAR NO.IMD/PMS/CIR/1/21727/03 DATED 18/11/2003
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000 VIDE CONSENT ORDER)
27-SEP-2010
|
|
| 58 |
|
|
RRB MASTER HOLDINGS LTD.
(Along with : CREDITCAPITAL ASSET MANAGEMENT CO.LTD.)
|
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 59 |
|
|
RRB MASTER SECURITIES DELHI LTD.
(PAN:AACCR3227P)
(Along with : CREDITCAPITAL ASSET MANAGEMENT CO.LTD.)
|
|
|
MULTIPLE LEGAL PROCEEDINGS PENDING AGAINST THE COMPANY
DID NOT FULFIL NET WORTH CRITERIA
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
08-OCT-2004
|
SEBI GRANTED PORTFOLIO MANAGER LICENSE ON 01/11/2005
|
| 60 |
|
|
RUBI ARYA
(PAN:AAVPA0654P)
|
|
|
|
MILESTONE CAPITAL ADVISORS PVT.LTD.
PAN:AAJCS1377C
|
|
DID NOT KEEP MINIMUM INVESTMENT PER CLIENT
DID NOT APPOINT SEBI REGISTERED CUSTODIAN
DID NOT PROVIDE INFORMATION IN QUARTERLY REPORT TO CLIENTS
DID NOT CONDUCT INTERNAL AUDIT
DID NOT SUBMIT HALF-YEARLY REPORT TO SEBI REGARDING COMPLIANCE OF GUIDELINES FOR IMPROVEMENT IN CORPORATE GOVERNANCE
|
IMPOSED PENALTY RS.2,00,000
30-JUN-2023
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 4
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