| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ACCURACAP CONSULTANCY SERVICES PVT.LTD.
(PAN:AAHCA5639B)
|
|
|
ALLEGED RECEIVE MORE THAN 20% OF BROKERAGE CHARGED FROM CLIENTS IN DISGUISE OF PROVIDING CERTAIN SERVICES TO BROKERS VIOLATING CLAUSE 13(A) OF CODE OF CONDUCT SPECIFIED IN SCHEDULE III OF SEBI (PORTFOLIO MANAGERS) REGULATIONS, 2020
ALLEGED RECEIVE MORE THAN 20% OF BROKERAGE CHARGED FROM CLIENTS IN DISGUISE OF PROVIDING CERTAIN SERVICES TO BROKERS VIOLATING CLAUSE 6.1.3.4 OF SEBI MASTER CIRCULAR DATED 20/03/2023 READ WITH CLAUSE 3(VI) OF SEBI CIRCULAR DATED 13/02/2020
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.11,05,000, DISGORGEMENT AMOUNT RS.71,57,450 VIDE CONSENT ORDER)
08-AUG-2024
|
|
| 2 |
|
|
AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.
(PAN:AAECA3909P)
(Depository Participants : CDSL,Member : NSE/BSE/MCX)
|
|
|
|
SANJEEV KUMAR SINHA
PAN:ALEPS6005L
|
|
CREATED PLEDGE OF SECUTITIES OF ITS CLIENTS AND DID NOT MAKE DISCLOSURE TO NSE VIOLATING CLAUSES A(1) AND A(5) OF CODE OF CONDUCT PRESCRIBED FOR STOCK BROKERS UNDER SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT ITS DP ACCOUNTS TO NSE VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016
|
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 06-AUG-2021 TO 05-AUG-2026
DIRECTED TO REFUND MONEY TO THE INVESTORS
DIRECTED TO CEASE & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 06-AUG-2021 TO 05-AUG-2026
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO UTILIZE ASSETS OF THE ENTITIES ONLY FOR THE PURPOSE OF PAYMENT OF MONEY AND/OR DELIVERY OF SECURITIES, AS THE CASE MAY BE, TO CLIENTS/INVESTORS UNDER THE SUPERVISION OF CONCERNED STOCK EXCHANGE(S)
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY BY AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD. AND AADYA COMMODITIES PVT.LTD. AND MR.SANJEEVA KUMAR SINHA EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER WRITTEN CONFIRMATION OF CONCERNED STOCK EXCHANGES
22-AUG-2017
|
SEBI VIDE ITS ORDER DATED 31/10/2018 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 22/08/2017 SUBJECT TO MODIFICATION MENTIONED IN INTERIM ORDER
SEBI VIDE ITS ORDER DATED 06/08/2021 DIRECTED TO A) CONTINUE RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHATSOEVER, EITHER DIRECTLY OR INDIRECTLY, FOR FURTHER 5 YEARS FROM DATE OF THIS ORDER B) JOINTLY AND SEVERALLY, BE LIABLE TO REPAY/REFUND THE INVESTORS/CLIENT’S MONEY WITH INTEREST OF 15% P.A. FROM THE DATE WHEN REPAYMENT BECAME DUE TILL DATE OF ACTUAL REPAYMENT UNDER SUPERVISION OF NSE, BSE AND MCX C) JOINTLY AND SEVERALLY, BE LIABLE TO RETURN THE SECURITIES DUE TO THE CLIENTS/INVESTORS OF AATIPL HAVING CREDIT BALANCES OR MONEY EQUIVALENT TO THEIR VALUE AS ON THE DATE WHEN SETTLEMENT OF SECURITIES BY AATIPL BECAME DUE TO SUCH CLIENTS UNDER SUPERVISION OF NSE, BSE AND MCX D) NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS, WHETHER MOVABLE OR IMMOVABLE (INCLUDING FUNDS IN THEIR BANK ACCOUNTS) OR CREATE ANY INTEREST OR CHARGE IN ANY SUCH ASSETS TILL SUCH TIME THE REFUNDS/REPAYMENTS
|
| 3 |
|
|
AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.
(PAN:AAECA3909P)
|
|
|
DID NOT SUBMIT PERIODIC REPORTS/CERTIFICATES TO SEBI
NOT A FIT & PROPER PERSON TO ACT AS PORTFOLIO MANAGER
|
CANCELLED REGISTRATION AS PORTFOLIO MANAGER FROM 19-AUG-2025
19-AUG-2025
|
|
| 4 |
|
|
ASHISH KUMAR JOSHI
(PAN:AAFPJ2088L)
|
|
|
|
LANDMARK CAPITAL ADVISORS PVT.LTD.
PAN:AACCL4482A
|
|
DID NOT MAINTAIN MINIMUM CORPUS OF CLIENTS TO MINIMUM REQUIREMENTS
HELD CLIENTS SECURITIES IN OWN NAME
DID NOT MAINTAIN RECORDS IN SUPPORT OF INVESTMENT TRANSACTIONS
DID NOT DEPLOY FUNDS RECEIVED FROM CLIENTS IN REASONABLE TIME
ALLOWED OUTSOURCING OF CORE ACTIVITIES
DID NOT MAINTAIN ARM’S LENGTH RELATIONSHIP BETWEEN HANDLING ACTIVITIES AS A PORTFOLIO MANAGER AND MANAGER OF AIF
OUTSOURCED ACTIVITY OF CARRYING OUT KYC REQUIREMENTS AND DID NOT OBTAIN REGISTRATION WITH CKYC AND KRA
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
|
IMPOSED PENALTY RS.7,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-AUG-2022
|
|
| 5 |
|
|
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
|
| 6 |
|
|
BHASKAR KUMAR MUKHERJEE
|
|
|
|
VINIYOG PORTFOLIO MANAGEMENT SERVICES
|
|
|
VINIYOG,M/S
|
|
LURED LARGE NUMBER OF UNSUSPECTING INVESTORS OF EASTERN REGION BY ASSURING THEM HIGH RETURNS
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 01-FEB-2006
DEBARRED FROM ACTING AS UN-REGISTERED PORTFOLIO MANAGER FROM 01-FEB-2006
DEBARRED FROM PUBLISHING ADVERTISEMENTS LURING INVESTORS TO INVEST IN SECURITIES MARKET FROM 01-FEB-2006
01-FEB-2006
|
|
| 7 |
|
|
CD EQUISEARCH PVT.LTD.
|
|
|
INTRODUCED UNLISTED SHARES OF DESIGN AUTO SYSTEMS LTD. IN THE MARKET
|
REJECTED APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
25-AUG-2003
|
|
| 8 |
|
|
COMANDUR PARTHASARATHY
(PAN:AAFPC7617L)
|
|
|
|
KARVY STOCK BROKING LTD.
PAN:AABCK5190K
|
|
DID NOT APPOINT QUALIFIED OR EXPERIENCED PRINCIPAL OFFICER
MADE CONTRARY PROVISIONS WITH REGARD TO PLACEMENT FEE IN DISCLOSURE DOCUMENT
DID NOT SUBMIT PORTFOLIO MANAGEMENT AGREEMENT WITH REGARD TO OUTSOURCING OF CORE ACTIVITIES
DID NOT MAINTAIN UNIFORMITY IN PROVISIONS FOR TERMINATION OF AGREEMENT WITH
CLIENTS
DID NOT PROVIDE DETAILS OF PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTION OR INVESTIGATIONS FOR WHICH ACTION HAD BEEN TAKEN OR INITIATED BY ANY REGULATORY AUTHORITY
DID NOT KEEP OPEN POSITION IN RESPECT OF ALLOCATION OF SALES OR PURCHASES EFFECTED IN DAY
DID NOT RECTIFY DEFICIENCIES MENTIONED IN AUDITOR’S REPORT
DID NOT MAINTAIN AND PROVIDE PROPER INFORMATION OF REDRESSAL OF COMPLAINTS
|
IMPOSED PENALTY RS.8,00,000
15-NOV-2022
|
SEBI VIDE ITS NOTICE DATED 18/07/2023 DIRECTED TO PAY RS.8,73,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 18/08/2023 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 12/09/2023 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 18/08/2023
SEBI VIDE ITS ORDER DATED 12/09/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6905 OF 2023 DATED 18/07/2023
|
| 9 |
|
|
CREDITCAPITAL ASSET MANAGEMENT CO.LTD.
(Along with : BHASIN SHARE & STOCK BROKERS LTD.,
HB PRIMA CAPITAL LTD.,
HB SECURITIES LTD.,
RAJARAM BHASIN SHARE & STOCK BROKERS LTD.,
RRB MASTER HOLDINGS LTD.,
RRB MASTER SECURITIES DELHI LTD.)
|
|
|
|
J.P.KUNDRA
|
|
|
JAI SINGH
|
|
|
LALIT BHASIN
|
|
|
M.G.GUPTA
|
|
|
P.MURARI
|
|
|
R.K.GUPTA
|
|
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
|
| 10 |
|
|
DEVINA MEHRA
|
|
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
PAN:AAACF0661K
(Member : NSE/BSE)
|
|
|
VRUDDHI CONFINVEST INDIA PVT.LTD.
(Sub-Broker of FIRST GLOBAL STOCK BROKING PVT.LTD., Member : BSE)
|
|
ARTIFICIALLY DEPRESSED PRICES OF SPECIFIED SCRIPS
VIOLATED SEBI CODE OF CONDUCT
ARTIFICIALLY DEPRESSED PRICES OF SELECT SCRIPS DURING MID FEBRUARY AND EARLY MARCH 2001
|
CANCELLED REGISTRATION AS PORTFOLIO MANAGER
CANCELLED REGISTRATION AS STOCK BROKER FROM 12-SEP-2002
12-SEP-2002
|
SAT: IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS
SAT: DIRECTED APPLICANT TO MAKE FRESH APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
|
| 11 |
|
|
DEVINA MEHRA
|
|
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
PAN:AAACF0661K
(Member : NSE)
|
|
|
VRUDDHI CONFINVEST INDIA PVT.LTD.
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
ARTIFICIALLY DEPRESSED PRICES OF SPECIFIED SCRIPS
VIOLATED SEBI CODE OF CONDUCT
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS PORTFOLIO MANAGER FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS SUB BROKER FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAY-2001 TILL PENDING ENQUIRY
25-MAY-2001
|
SAT: APPEAL DISMISSED
MATTER DISPOSED OF WITHOUT ANY DIRECTION
|
| 12 |
|
|
DGS CAPITAL MANAGEMENT PVT.LTD.
(PAN:AAFCD3473N)
|
|
|
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT SUBMIT NETWORTH CERTIFICATION, CORPORATE GOVERNANCE REPORT AND REPORT ON COMPLIANCE WITH PORTFOLIO MANAGERS REGULATIONS
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
DIRECTED TO ADHERE TO REGULATORY REQUIREMENTS WITH RESPECT TO MAINTENANCE OF MINIMUM NET WORTH WITH FIFTEEN DAYS FROM DATE OF ORDER
RESTRAINED FROM TAKING UP/ONBOARDING ANY NEW CLIENTS FROM 17-FEB-2025 TILL MEETS APPLICABLE NET WORTH REQUIREMENT
PROHIBITED FROM ACCEPTING ADDITIONAL FUNDS OR SECURITIES FROM ITS EXISTING CLIENTS FROM 17-FEB-2025 TILL MEETS APPLICABLE NET WORTH REQUIREMENT
17-FEB-2025
|
|
| 13 |
|
|
ELITE WEALTH ADVISORS LTD.
(PAN:AAACE0759K)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MADE WRONG NAMING/TAGGING OF DEMAT ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
SUBMITTED INCORRECT DATA TO STOCK EXCHANGE
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
IMPOSED PENALTY RS.10,00,000
28-JUL-2022
|
|
| 14 |
|
|
ESTEE ADVISORS PVT.LTD.
(PAN:AABCE9657R)
|
|
|
ALLEGED VIOLATING REGULATIONS 15(1), 15(2A) AND 15(4) OF SEBI (PORTFOLIO MANAGER) REGULATIONS, 1993
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.14,45,000 VIDE CONSENT ORDER)
23-FEB-2018
|
|
| 15 |
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
(PAN:AAACF0661K)
(Member : NSE/BSE)
|
|
|
|
DEVINA MEHRA
|
|
|
SHANKAR SHARMA
|
|
ARTIFICIALLY DEPRESSED PRICES OF SELECT SCRIPS DURING MID FEBRUARY AND EARLY MARCH 2001
ARTIFICIALLY DEPRESSED PRICES OF SPECIFIED SCRIPS
VIOLATED SEBI CODE OF CONDUCT
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 12-SEP-2002
CANCELLED REGISTRATION AS PORTFOLIO MANAGER
12-SEP-2002
|
SAT: IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS
SAT: DIRECTED APPLICANT TO MAKE FRESH APPLICATION FOR REGISTRATION AS PORTFOLIO MANAGER
|
| 16 |
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
(PAN:AAACF0661K)
(Member : NSE)
|
|
|
|
DEVINA MEHRA
|
|
|
SHANKAR SHARMA
|
|
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SECTION 11 (3) OF SEBI ACT, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 17 |
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
(PAN:AAACF0661K)
(Member : NSE)
|
|
|
|
DEVINA MEHRA
|
|
|
SHANKAR SHARMA
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
ARTIFICIALLY DEPRESSED PRICES OF SPECIFIED SCRIPS
VIOLATED SEBI CODE OF CONDUCT
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS PORTFOLIO MANAGER FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-MAY-2001 TILL PENDING ENQUIRY
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-MAY-2001 TILL PENDING ENQUIRY
25-MAY-2001
|
SAT: APPEAL DISMISSED
|
| 18 |
|
|
GILTEDGE PORTFOLIO MANAGEMENT SERVICES LTD.
|
|
|
IRREGULARITIES IN TRANSACTIONS IN GOVERNMENT SECURITIES
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 16-MAY-2002 TO 30-MAY-2002
16-MAY-2002
|
|
| 19 |
|
|
HARITA INVESTMENTS PVT.LTD.
|
|
|
REGISTRATION EXPIRED
DID NOT FILE APPLICATION FOR RENEWAL OF REGISTRATION
|
CANCELLED REGISTRATION AS PORTFOLIO MANAGER
14-JUL-1999
|
|
| 20 |
|
|
HB PRIMA CAPITAL 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
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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