| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
INFINITE 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
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
24-JUL-2008
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS W.E.F. 25/01/2007
APPLICANT AGREED TO PAY RS.4,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 24/07/2008
|
| 102 |
|
|
INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.
(PAN:AAACI0989F)
(Depository Participants : CDSL/NSDL)
|
|
|
ALLEGED OPENING OF MULTIPLE DEMATERIALIZED ACCOUNTS WITH COMMON ADDRESSES IN NAMES OF BENAMI OR FICTITIOUS ENTITIES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
22-JUL-2008
|
|
| 103 |
|
|
INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.
(PAN:AAACI0989F)
(Depository Participants : CDSL/NSDL)
|
|
|
DID NOT EXERCISE DUE DILIGENCE IN FURNISHING PROOF OF IDENTITY OF BENEFICIAL OWNERS
DID NOT OPEN SEPARATE BENEFICIARY ACCOUNTS FOR ALL CLIENTS AVAILING MARGIN TRADING FACILITY FROM THE BROKER
|
IMPOSED PENALTY RS.25,000
15-JUL-2005
|
|
| 104 |
|
|
INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.
(PAN:AAACI0989F)
(Depository Participants : CDSL/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
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS TILL CONCLUSION OF ENQUIRY
|
| 105 |
|
|
INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.
(PAN:AAACI0989F)
(Depository Participants : NSDL)
|
|
|
OPENED BENEFICIARY ACCOUNTS WITH IMPROPER/INCOMPLETE DOCUMENTS
DID NOT MENTION ISIN/MENTIONED INCORRECT ISIN ON DEMAT REQUEST FORM
MENTIONED EXTRA ACCOUNT HOLDERS IN DEMAT REQUEST FORM
DID NOT MAINTAIN STRUCTURED AND SYSTEMATIC BOOKS REGARDING COMPLAINTS OF BENEFICIARY ACCOUNTS
DID NOT MENTION BENEFICIARY ID ON DEMAT REQUEST FORM
|
DIRECTED TO CEASE & DESIST FROM REPETITION OF LAPSES
22-AUG-2006
|
|
| 106 |
|
|
ING VYSYA BANK 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
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
DIRECTED TO DISGORGE RS.55,48,690
21-NOV-2006
|
ALLOWED TO OPEN FRESH DEMAT ACCOUNTS TILL CONCLUSION OF ENQUIRY
DIRECTED TO DISGORGE AN AMOUNT OF RS.5548690.27 (SEVERALLY) AND RS.900218451.80 (JOINTLY WITH NSDL, KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., IDBI BANK LTD., JHAVERI SECRITIES PVT.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
AD-INTERIM EX PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.4,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 16/02/2009
|
| 107 |
|
|
INTEGRATED ENTERPRISES (INDIA) LTD.
(PAN:AAACI1509F)
(Depository Participants : NSDL)
|
|
|
IMPOSED CLOSURE CHARGES UNILATERALLY DESPITE SUCH KIND OF CLAUSE NOT EXISTING IN THE AGREEMENT AS ENTERED BY THE INVESTORS AT THE TIME OF OPENING OF THE DEMAT ACCOUNT
ACCEPTED DEPOSITS/ADVANCE UNDER THE CONSOLIDATED SCHEME
|
DIRECTED TO REFUND ACCOUNT CLOSURE CHARGES
DIRECTED TO REFUND AMOUNT COLLECTED UNDER CONSOLIDATION SCHEME
20-DEC-2001
|
|
| 108 |
|
|
INTEGRATED ENTERPRISES (INDIA) LTD.
(PAN:AAACI1509F)
(Depository Participants : NSDL)
|
|
|
OPENED VARIOUS DEMAT ACCOUNTS SHARING COMMON ADDRESSES
|
DIRECTED NSDL TO CONDUCT INSPECTION
27-APR-2006
|
|
| 109 |
|
|
INTEGRATED ENTERPRISES (INDIA) LTD.
(PAN:AAACI1509F)
(Depository Participants : NSDL)
|
|
|
|
P.VAIDYANATHAN
|
|
|
S.BALASUBRAHMANYAN
|
|
DID NOT ASCERTAIN GENUINENESS OF ENTITIES WHILE OPENING THEIR DEMATERIALIZED ACCOUNTS
|
SUSPENDED REGISTRATION AS DEPOSITORY PARTICIPANT FROM 31-AUG-2006 TO 14-SEP-2006
10-AUG-2006
|
|
| 110 |
|
|
INTEGRATED ENTERPRISES (INDIA) LTD.
(PAN:AAACI1509F)
(Depository Participants : NSDL)
|
|
|
DID NOT MONITOR AND BRING DOWN CUSTODY HOLDING LIMITS
OPENED 561 FRESH ACCOUNTS IN VIOLATION OF THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
|
SUSPENDED REGISTRATION AS DEPOSITORY PARTICIPANT FROM 02-AUG-2004 TO 01-FEB-2005
02-JUL-2004
|
SAT: IMPUGNED ORDER SET ASIDE
|
| 111 |
|
|
INTEGRATED STOCK BROKING SERVICES PVT.LTD.
(PAN:AAACI1222K)
(Depository Participants : NSDL)
|
|
|
NO LONGER A PARTICIPANT OF ANY DEPOSITORY
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
30-AUG-2024
|
|
| 112 |
|
|
INVENTURE GROWTH & SECURITIES LTD.
(PAN:AAACI2044K)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN MANIPULATIVE TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,00,000 VIDE CONSENT ORDER)
07-JUN-2010
|
|
| 113 |
|
|
INVENTURE GROWTH & SECURITIES LTD.
(PAN:AAACI2044K)
(Depository Participants : CDSL,Member : NSE/BSE/MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.5,00,000
23-DEC-2021
|
|
| 114 |
|
|
INVENTURE GROWTH & SECURITIES LTD.
(PAN:AAACI2044K)
(Depository Participants : CDSL,Member : BSE/NSE/MSEI)
|
|
|
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
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT ISSUE CONTRACT NOTES
CHARGED EXCESS BROKERAGE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.10,00,000
17-NOV-2020
|
|
| 115 |
|
|
ISF SECURITIES LTD.
(PAN:AAACI1667E)
(Depository Participants : CDSL,Member : NSE/DSE/BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF EXEDY INDIA LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF EXEDY INDIA LTD.
|
IMPOSED PENALTY RS.11,00,000
12-MAR-2013
|
SAT: IMPUGNED ORDER DATED 12/03/2013 QUASHED AND SET ASIDE QUA THE APPELLANT ONLY AND PERMITTED SEBI TO ISSUE A SUPPLEMENTARY SHOW CAUSE NOTICE WITHIN A PERIOD OF EIGHT WEEKS FROM THE DATE OF THIS ORDER
SAT: IMPUGNED ORDER DATED 12/03/2013 QUASHED AND SET ASIDE QUA THE APPELLANT ONLY AND PERMITTED SEBI TO ISSUE A SUPPLEMENTARY SHOW CAUSE NOTICE WITHIN A PERIOD OF EIGHT WEEKS FROM THE DATE OF THIS ORDER
SEBI VIDE ITS ORDER DATED 01/09/2016 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS/DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 31/08/2016
SEBI VIDE ITS NOTICE DATED 31/08/2016 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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
|
| 116 |
|
|
ISS ENTERPRISE LTD.
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.6,00,000
30-APR-2020
|
|
| 117 |
|
|
JAINAM SHARE CONSULTANTS PVT.LTD.
(PAN:AABCJ3918N)
(Depository Participants : CDSL)
|
|
|
DID NOT COMPLETELY UPDATED POA IN RESPECT OF EXISTING CLIENTS VIOLATING CLAUSE 11 OF CODE OF CONDUCT AS SPECIFIED UNDER THIRD SCHEDULE READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DELAY IN IMPLEMENTATION OF NEW FORMAT OF POA AS PRESCRIBED VIDE SEBI CIRCULAR NO. CIR/MRD/DMS/13/2010 DATED 23/04/2010
|
IMPOSED PENALTY RS.5,00,000
03-SEP-2015
|
|
| 118 |
|
|
JANATA SAHAKARI BANK LTD.,PUNE
(Depository Participants : NSDL)
|
|
|
OPENED BENEFICIARY ACCOUNTS IMPROPERLY IN VIOLATION OF SEBI DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT MAINTAIN STRUCTURED AND SYSTEMATIC BOOKS REGARDING COMPLAINTS OF BENEFICIARY ACCOUNTS
|
DIRECTED TO CEASE & DESIST FROM REPETITION OF LAPSES
15-OCT-2004
|
SAT: APPEAL DISPOSED OFF
|
| 119 |
|
|
JAYPEE CAPITAL SERVICES LTD.
(PAN:AAACJ0628A)
(Depository Participants : CDSL/NSDL)
|
|
|
DID NOT INFORM SEBI ABOUT TERMINATION OF AGREEMENT BY DEPOSITORIES VIOLATING CLAUSE 14 OF CODE OF CONDUCT UNDER SCHEDULE III READ WITH REGULATION 20AA OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
31-MAR-2020
|
|
| 120 |
|
|
JHAVERI SECURITIES LTD.
(PAN:AAACJ4727A)
(Depository Participants : 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
27-APR-2006
DIRECTED TO DISGORGE RS.43,83,133
21-NOV-2006
|
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
|
| 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 6 of 13
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