| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 121 |
|
JSEL SECURITIES LTD.
(Depository Participants : CDSL)
|
|
|
INDULGED IN IRREGULARITIES IN CAPTURING AND PUNCHING DETAILS OF DELIVERY INSTRUCTION SLIPS
INDULGED IN MISAPPROPRIATION OF SHARES THROUGH ISSUANCE OF FAKE DELIVERY INSTRUCTION SLIPS AS REQUIRED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT ADHERE TO PROPER PROCEDURE PERTAINING TO CLIENT AGREEMENTS AS REQUIRED UNDER REGULATION 41 OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
DID NOT FOLLOW MAKER CHECKER SYSTEM WHILE PROCESSING DIS AS REQUIRED UNDER REGULATION 20A OF SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.1,00,000
31-MAR-2010
|
SAT: SAT VIDE ITS ORDER DATED 13/02/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER, IF ANY, WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 16/04/2024 CONDONED THE DELAY IN FILING OF APPEAL
|
| 122 |
|
|
KAJI & MAULIK SECURITIES PVT.LTD.
(Depository Participants : CDSL)
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
29-JUL-2004
|
|
| 123 |
|
|
KALUPUR COMMERCIAL CO-OPERATIVE BANK LTD.,THE
(Depository Participants : NSDL)
|
|
|
OPENED VARIOUS DEMAT ACCOUNTS SHARING COMMON ADDRESSES
|
DIRECTED NSDL TO CONDUCT INSPECTION
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
|
|
| 124 |
|
|
KAMLESH JHAVERI
(Depository Participants : NSDL)
|
|
|
|
JHAVERI SECURITIES LTD.
PAN:AAACJ4727A
(Depository Participants : NSDL)
|
|
|
JHAVERI SECURITIES LTD.
PAN:AAACJ4727A
(Member : NSE/BSE)
|
|
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 RS.10,96,97,338
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
|
| 125 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(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 TO 31-DEC-2007
12-JAN-2006
|
PROHIBITED FROM OPENING FRESH DEMAT ACCOUNT TILL 31/12/,2007
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
|
| 126 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : NSDL)
|
|
|
DID NOT ASCERTAIN GENUINENESS OF ENTITIES WHILE OPENING THEIR DEMATERIALIZED ACCOUNTS
|
DIRECTED NSDL TO UNDERTAKE A COMPREHENSIVE INSPECTION OF THE SYSTEMS AND PROCEDURES OF KARVY STOCK BROKING LTD.
15-DEC-2005
|
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
|
| 127 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : NSDL)
|
|
|
ACTED IN CONCERT WITH GROUP ENTITIES TO MANIPULATE IPOS OF VARIOUS COMPANIES
|
DIRECTED NOT TO ACT AS DEPOSITORY PARTICIPANT FROM 26-MAY-2006
26-MAY-2006
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 128 |
|
|
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
|
| 129 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : CDSL)
|
|
|
|
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.10,96,97,338
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.10,96,97,338.30 (SEVERALLY) AND RS.25,79,52,157.65 (JOINTLY WITH CDSL AND PRATIK STOCK VISION PVT.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
|
| 130 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE)
|
|
|
|
COMANDUR PARTHASARATHY
PAN:AAFPC7617L
|
|
PLEDGED SECURITIES WITHOUT KNOWLEDGE OF CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
TRANSFERRED FUNDS WITH ASSOCIATE COMPANY
DID NOT MAINTAIN CONTINUOUS NETWORTH
|
RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING/SELLING OR OTHERWISE DEALING IN SECURITIES AND/OR UNITS OF MUTUAL FUNDS DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER FROM 28-APR-2023 TO 27-APR-2030
DIRECTED TO COOPERATE WITH NSE IN REFUND OF FUNDS AND SECURITIES OF THE CLIENTS OF KARVY STOCK BROKING LTD.
IMPOSED PENALTY RS.13,00,00,000
28-APR-2023
|
SEBI VIDE ITS NOTICE DATED 07/08/2024 DIRECTED TO PAY RS.15,21,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 12/09/2024 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 NOTICE DATED 14/10/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.14,86,37,023.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 131 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Depository Participants : CDSL/NSDL)
|
|
|
NO LONGER PARTICIPANTS OF ANY DEPOSITORIES AS PER SECTION 12(3) OF SEBI ACT, 1992 READ WITH REGULATION 30A OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
14-FEB-2022
|
|
| 132 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : NSE/BSE,Depository Participants : CDSL/NSDL)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAKE DISCLOSURE OF DP ACCOUNT OF KARVY STOCK BROKING LTD. TO STOCK EXCHANGE
DID NOT REPORT DP ACCOUNT NO. 1458979 (KARVY STOCK BROKING LTD.) (BSE) IN THE FILINGS FROM JANUARY, 2019 TO AUGUST, 2019
CREDITED FUNDS RAISED BY PLEDGING OF CLIENT SECURITIES TO SIX OF ITS OWN BANK ACCOUNTS (“STOCK BROKER-OWN ACCOUNT”) INSTEAD OF “STOCK BROKER-CLIENT ACCOUNT” AND DID NOT REPORT THESE TO EXCHANGE
CREATED PLEDGE ON SECURITIES OF CLIENTS AND GENERATED FUNDS
SOLD EXCESS SECURITIES (SECURITIES NOT AVAILABLE IN DP ACCOUNT) OF RS.485 CRORE THROUGH 9 RELATED CLIENTS AND TRANSFERRED EXCESS SECURITIES TO 6 OUT OF THESE 9 RELATED CLIENTS OF RS.162 CRORES
TRANSFERRED SECURITIES WORTH RS.27.8 CRORES, OFF-MARKET, FROM BENEFICIAL OWNER ACCOUNTS (BO ACCOUNTS) OF 156 CLIENTS WHO HAVE NOT EXECUTED SINGLE TRADE WITH THEM
TRANSFERRED NET AMOUNT RS.1096 CRORES TO ITS GROUP COMPANY I.E. KARVY REALTY PVT.LTD.
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 22-NOV-2019
DIRECTED NOT TO ACT UPON ANY INSTRUCTION GIVEN BY KSBL IN PURSUANCE OF POWER OF ATTORNEY GIVEN TO KSBL BY ITS CLIENTS
DIRECTED DEPOSITORIES TO MONITOR MOVEMENT OF SECURITIES INTO AND FROM DP ACCOUNT OF CLIENTS OF KSBL
DIRECTED NOT TO ALLOW TRANSFER OF SECURITIES FROM DP ACCOUNT
DIRECTED DEPOSITORIES AND STOCK EXCHANGES TO INITIATE APPROPRIATE DISCIPLINARY PROCEEDINGS FOR MISUSE OF CLIENTS’ FUNDS AND SECURITIES
22-NOV-2019
|
SEBI VIDE ITS ORDER DATED 29/11/2019 DISPOSED OFF THE REPRESENTATIONS DATED 24/11/2019, 25/11/2019 AND 26/11/2019 BY NOT ALLOWING KARVY TO USE POWER OF ATTORNEY
SAT: SAT VIDE ITS ORDER DATED 29/11/2019 DISPOSED OFF THE APPEAL AND DIRECTED WTM TO CONSIDER REQUEST OF THE APPELLANT AND PASS APPROPRIATE ORDER AFTER GIVING OPPORTUNITY OF HEARING BY 02/12/2019
SAT: SAT VIDE ITS ORDER DATED 03/12/2019 DISPOSED OFF THE APPEAL AND DIRECTED WTM OF SEBI TO HEAR THE APPELLANT ON THE BASIS OF THEIR REPRESENTATION DATED 23/11/2019 AND/OR ANY OTHER ADDITIONAL REPRESENTATION. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 04/12/2019 DISPOSED OFF THE APPEAL WITHOUT CHANGING THE DIRECTIONS AS PER EX-PARTE AD INTERIM ORDER DATED 06/12/2019. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 17/12/2019 DISPOSED OFF THE APPEAL AND DIRECTED APPELLANT TO FILE APPROPRIATE REPRESENTATION BEFORE SEBI. INTERIM STATUS QUO SHALL BE MAINTAINED IN RESPECT OF SECURITIES IN ACCOUNT NO.19502787 NAMED “KARVY STOCK BROKING LTD.-CLIENT ACCOUNT-NSE CM”. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 20/12/2019 DISPOSED OFF MISC. APPLICATION AND ORDER DATED 17/12/2019 MODIFIED TO THE EXTENT THAT SEBI WILL PASS APPROPRIATE ORDER ON REPRESENTATION OF THE APPELLANT ON OR BEFORE 15/01/2020
SEBI VIDE ITS ORDER DATED 14/01/2020 DIRECTED TO ISSUE FIVE DAYS NOTICE TO THE CLIENTS OR THE REPRESENTOR TO REDEEM THE PLEDGED SHARES BY MAKING PAYMENT OF THE CORRESPONDING OUTSTANDING INDEBTEDNESS, FAILING WHICH REPRESENTOR BE PERMITTED TO INVOKE THE PLEDGE ON SHARES
SAT: APPEAL DISMISSED
SEBI VIDE ITS ORDER DATED 24/11/2020 A) CONFIRMED ITS DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 22/11/2019 B) FURTHER DIRECTED KARVY NOT TO ALIENATE ANY OF ITS ASSETS, EXCEPT WITH PRIOR PERMISSION OF NSE TILL SETTLEMENT OF CLAIMS OF INVESTORS OR UNDER DIRECTION OR ORDER BY ANY COURT OR TRIBUNAL
SAT: SAT VIDE ITS ORDER DATED 09/12/2020 ALLOWED THREE WEEKS TIME TO RESPONDENT TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 23/04/2021 DISMISSED THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 08/06/2021 DIRECTED THE APPEAL TO COME UP ON 02/08/2021 FOR FINAL DISPOSAL
SAT: SAT VIDE ITS ORDER DATED 05/10/2021 ALLOWED APPELLANT THREE WEEKS TIME TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 18/10/2021 HDFC BANK TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER, IF ANY, MAY BE FILE WITHIN A WEEK THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 24/03/2022 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
SAT: SAT VIDE ITS ORDER DATED 20/12/2023 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDERS DATED 03/12/2019 AND 14/01/2020. PERMITTED APPELLANT BANK AXIS BANK LTD. TO INVOKE THE SHARES PLEDGED IN ITS FAVOUR IN DEMAT ACCOUNT NO.19502787 IN ACCORDANCE WITH DEPOSITORIES ACT READ WITH DP REGULATIONS. DIRECTED SEBI, NSE AND NSDL TO RESTORE THE PLEDGE WHICH WAS MADE IN FAVOUR OF THE APPELLANTS WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IN THE ALTERNATIVE SEBI, NSE AND NSDL DIRECTED TO COMPENSATE THE APPELLANTS WITH THE VALUE OF UNDERLINED SECURITIES PLEDGED IN THEIR FAVOUR ALONG WITH INTEREST @10% P.A. WITHIN SAME PERIOD. PARTIES TO BEAR THEIR OWN COSTS
SAT: SAT VIDE ITS ORDER DATED 12/01/2024 CLARIFIED THAT FOUR WEEKS FROM DATE OF THIS ORDER WERE AVAILABLE BOTH TO APPELLANT AXIS BANK AND TO SEBI, NSE AND NSDL TO IMPLEMENT THE DIRECTIONS GIVEN BY THIS TRIBUNAL IN ITS ORDER DATED 20/12/2023
|
| 133 |
|
|
KAYNET CAPITAL LTD.
(PAN:AABCK3032E)
(Depository Participants : CDSL,Member : BSE)
|
|
|
NO LONGER A PARTICIPANT OF ANY DEPOSITORY
NO LONGER A MEMBER OF ANY STOCK EXCHANGE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 30-JAN-2023
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
30-JAN-2023
|
|
| 134 |
|
|
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
|
| 135 |
|
|
KOTAK MAHINDRA BANK LTD.
(Depository Participants : NSDL)
|
|
|
OPENED VARIOUS DEMAT ACCOUNTS SHARING COMMON ADDRESSES
|
DIRECTED NSDL TO CONDUCT INSPECTION
REFERRED MATTER TO RESERVE BANK OF INDIA FOR FURTHER ACTION
27-APR-2006
|
|
| 136 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Depository Participants : NSDL)
|
|
|
OPENED VARIOUS DEMAT ACCOUNTS SHARING COMMON ADDRESSES
|
DIRECTED NSDL TO CONDUCT INSPECTION
27-APR-2006
|
|
| 137 |
|
|
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
|
| 138 |
|
|
KSBL SECURITIES LTD.
(CIN:045764
PAN:AAACK0784G)
(Depository Participants : CDSL)
|
|
|
NO LONGER PARTICIPANTS OF ANY DEPOSITORIES AS PER SECTION 12(3) OF SEBI ACT, 1992 READ WITH REGULATION 30A OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
14-FEB-2022
|
|
| 139 |
|
|
M.K.CHANDAN BROKING LTD.
(PAN:AADCR9629L)
(Depository Participants : CDSL)
|
|
|
NO LONGER PARTICIPANTS OF ANY DEPOSITORIES AS PER SECTION 12(3) OF SEBI ACT, 1992 READ WITH REGULATION 30A OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
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CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
14-FEB-2022
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| 140 |
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MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.
(Member : NSE,Depository Participants : NSDL)
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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.
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REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
12-AUG-2010
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| 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 7 of 13
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