| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 201 |
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS
ALLEGED FAILURE IN MAKING DISCLOSURE OF CONTENTS OF RISK DISCLOSURE DOCUMENT TO CLIENTS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 202 |
|
|
FOCUS SHARES & SECURITIES PVT.LTD.
(PAN:AACCK8579K)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
USED CLIENTS' ACCOUNT FOR PAYMENT OF OWN OBLIGATIONS
|
IMPOSED PENALTY RS.5,00,000
08-JAN-2015
|
SAT: APPEAL DISMISSED AS WITHDRAWN. NO COSTS
|
| 203 |
|
|
FORT SHARE BROKING PVT.LTD.
(CIN:U67120WB2005PTC106224
PAN:AAACF9358F)
(Member : BSE/NSE)
|
|
|
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.3,00,000
30-JAN-2020
|
|
| 204 |
|
|
FRR SHARES & SECURITIES LTD.
(PAN:AABCF5477E)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN STOCK RECONCILIATION
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DISCREPANCIES IN CALCULATION OF NET WORTH
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT REPORT PROPRIETARY, ERROR ACCOUNT AND CLIENT ACCOUNT CLIENT CODES APPEARING IN TRIAL BALANCE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
ENTERED INTO AN ARRANGEMENT FOR EXTENDING LOANS OR GIVING DEPOSITS/ADVANCES TO ITS GROUP COMPANY NOT IN CONNECTION WITH OR INCIDENTAL TO OR CONSEQUENTIAL UPON SECURITIES/ COMMODITY DERIVATIVES BUSINESS
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DID NOT ADHERE TO CORPORATE GOVERNANCE COMPLIANCE BY NOT PRESENTING TO BOARD/COMMITTEE REGARDING INTERNAL CONTROLS, INTERNAL AUDIT REPORTS, INSPECTION REPORTS, RELATED PARTY TRANSACTIONS, BREACHES IN BACK OFFICE SOFTWARE, DELAY IN SUBMISSION OF DATA TO EXCHANGE DURING INSPECTION
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.11,00,000
13-MAY-2024
|
SAT: SAT VIDE ITS ORDER DATED 27/09/2024 CONDONED THE DELAY OF 60 DAYS IN FILING OF APPEAL. GRANTED RESPONDENT SIX WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 25/11/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 20/01/2025 APPELLANT SOUGHT THREE WEEKS TO FILE REJOINDER
|
| 205 |
|
|
FRR SHARES & SECURITIES LTD.
(PAN:AABCF5477E)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MIS UTILIZED CLIENTS FUNDS FOR PROPRIETARY TRADING
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN SEPARATE BANK ACCOUNT FOR KEEPING FUNDS OF INACTIVE CLIENTS
DID NOT SENT SMS TO CLIENTS ON SETTLEMENT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN STOCK RECONCILIATION
DID NOT OBTAIN REGISTRATION FROM KYC REGISTRATION AGENCY (KRA) AND CENTRAL KNOW YOUR CUSTOMER (CKYC)
DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
DISCREPANCIES IN CALCULATION OF NET WORTH
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT REPORT BANK ACCOUNT/DEMAT ACCOUNT
DID NOT UNDERTAKE TAGGING OF DP ACCOUNTS
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
ENGAGED IN BUSINESS OTHER THAN SECURITIES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
|
RESTRAINED FROM TAKING UP/ONBOARDING ANY NEW CLIENTS FROM 29-OCT-2024 TO 28-NOV-2024
29-OCT-2024
|
|
| 206 |
|
|
FRR SHARES & SECURITIES LTD.
(PAN:AABCF5477E)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
ALLOTTED MULTIPLE LOGIN IDS TO SINGLE DEALERS
|
IMPOSED PENALTY RS.5,00,000
23-JUN-2022
|
|
| 207 |
|
|
FYERS SECURITIES PVT.LTD.
(PAN:AADCF5513D)
(Member : MCX)
|
|
|
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DISCREPANCIES IN RESPECT TO MOBILE NUMBER IN UCC DETAILS UPDATED TO STOCK EXCHANGE
DISCREPANCIES IN CLIENT’S REGISTRATION DOCUMENTS AND CLIENT ONBOARDING PROCESS FOR ONLINE CLIENTS
DID NOT TAKE APPROVAL FROM STOCK EXCHANGES FOR RUNNING CLIENT INDUCEMENT CONTEST/CHALLENGE DURING UNDER IP UNDER ADVERTISEMENT CODE
|
IMPOSED PENALTY RS.5,00,000
28-MAR-2024
|
|
| 208 |
|
|
GANGA NAGAR COMMODITY LTD.
(PAN:AAACT8903C)
(Member : MCX/NCDEX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT PROVIDE ANY DETAILS OF CLIENT ORDER PLACING/CONFIRMATION PROOF IN CASE OF ONE CLIENT FOR THE SAMPLE DATES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT ISSUE CONTRACT NOTES AS PER SEBI CIRCULAR
|
IMPOSED PENALTY RS.12,00,000
30-SEP-2020
|
|
| 209 |
|
|
GANPATI MULTI COMMODITY BUSINESS (INDIA) PVT.LTD.
(PAN:AACCG1017E)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
SUBMITTED INCORRECT DATA TO STOCK EXCHANGE
|
IMPOSED PENALTY RS.20,00,000
31-MAY-2022
|
SAT: SAT VIDE ITS ORDER DATED 20/09/2022 DISMISSED THE APPEAL
|
| 210 |
|
|
GAUTAM BAJORIA,M/S
(Member : CSE)
|
|
|
|
GAUTAM BAJORIA
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-SEP-2003 TO 02-SEP-2004
13-AUG-2003
|
|
| 211 |
|
|
GCM SECURITIES LTD.
(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS TO HOLD SECURITIES IN POOL ACCOUNT
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-JAN-2002
|
|
| 212 |
|
|
GEETA SHARE ENTERPRISES
(Member : UPSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2004 TO 08-MAY-2005
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-NOV-2004 TO 08-MAY-2005
19-OCT-2004
|
|
| 213 |
|
|
GEOJIT FINANCIAL SERVICES LTD.
(PAN:AABCG1935E)
(Member : BSE)
|
|
|
DELAY IN APPOINTMENT OF PRINCIPAL OFFICER
DELAY IN FILING SUSPICIOUS TRANSACTIONS REPORT (STR) WITH FIU-IND
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT OBTAIN RUNNING ACCOUNTS AUTHORIZATION FORMS
DELAY IN PROVIDING STATEMENT OF ACCOUNTS
DID NOT RETAIN PAST RECORDS OF CALCULATIONS CARRIED OUT FOR ARRIVING AT SETTLEMENT OF FUNDS/SECURITIES OF CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.15,00,000
23-APR-2019
|
SAT: SAT VIDE ITS ORDER DATED 08/08/2019 PARTLY ALLOWED THE APPEAL AND MODIFIED IMPUGNED ORDER BY REDUCING PENALTY TO RS.15 LACS FROM RS.30.00 LACS
SAT: SAT VIDE ITS ORDER DATED 31/01/2022 ALLOWED APPELLANT TWO WEEKS TO FILE IMPLEADMENT
SAT: SAT VIDE ITS ORDER DATED 18/02/2022 DISMISSED AMENDMENT APPLICATION AS WITHDRAWN AND GAVE APPELLANT LIBERTY TO FILE A FRESH AMENDMENT APPLICATION WITHIN TWO WEEKS
SAT: SAT VIDE ITS ORDER DATED 04/03/2022 ALLOWED AMENDMENT APPLICATION. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 29/04/2022 ALLOWED THE APPLICATION FILED TO SEEK RECTIFICATION. NECESSARY CORRECTIONS TO BE CARRIED OUT BY APPELLANT WITHIN A WEEK FROM DATE OF THIS ORDER. OTHER RESPONDENT TO FILE REPLY WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/07/2022 ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND APPELLANTS TO FILE REJOINDER WITHIN THREE WEEKS
SAT: SAT VIDE ITS ORDER DATED 01/08/2022 ALLOWED RESPONDENT FURTHER THREE WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 01/11/2022 DISMISSED THE APPEAL
|
| 214 |
|
|
GEPL CAPITAL PVT.LTD.
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.1,00,000
29-JAN-2020
|
|
| 215 |
|
|
GOGIA CAPITAL SERVICES LTD.
(PAN:AAACG2906L)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
ENGAGED IN BUSINESS OTHER THAN SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT RETENTION STATEMENT
DID NOT PROVIDE BENEFIT OF SECURITIES RE-PLEDGED TO CLEARING CORPORATION/CLEARING MEMBER
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 06-OCT-2025 TO 05-NOV-2025
06-OCT-2025
|
|
| 216 |
|
|
GOLDENMAPLE COMMODITIES PVT.LTD.
(PAN:AAJCS8332D)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-DEC-2024
|
|
| 217 |
|
|
GOLDENMAPLE COMMODITIES PVT.LTD.
(PAN:AAJCS8332D)
(Member : MCX)
|
|
|
|
RUPESH KUMAR
PAN:AMYPK4943N
|
|
|
SANJAY KUMAR MISHRA
PAN:APNPM0684G
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
|
IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2024
|
|
| 218 |
|
|
GOODWILL WEALTH MANAGEMENT PVT.LTD.
(PAN:AAECG9766E)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN CLIENT ORDER PLACEMENT EVIDENCE DURING INSPECTION PERIOD
OUTSOURCED CORE BUSINESS ACTIVITIES AND COMPLIANCE FUNCTION
DID NOT MAINTAIN COMPLETE AND VERIFIABLE DOCUMENTARY RECORDS IN RESPECT OF COMPLAINT REDRESSAL
UNAUTHORIZED TRADING RECEIVED DURING INSPECTION PERIOD
|
IMPOSED PENALTY RS.4,00,000
28-APR-2026
|
|
| 219 |
|
|
GRD SECURITIES LTD.
(PAN:AABCG7534M)
(Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN STOCK MISMATCH ALERT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
|
IMPOSED PENALTY RS.9,00,000
26-SEP-2024
|
SAT: SAT VIDE ITS ORDER DATED 21/11/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED THE PENALTY SUBJECT TO APPELLANT DEPOSITING 50% OF PENALTY AMOUNT I.E. RS.4.5 LAC WITH RESPONDENT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/04/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 220 |
|
|
GRD SECURITIES LTD.
(PAN:AABCG7534M)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN STOCK MISMATCH ALERT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
|
IMPOSED PENALTY RS.9,00,000
26-SEP-2024
|
SAT: SAT VIDE ITS ORDER DATED 21/11/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN TWO WEEKS THEREAFTER. STAYED THE PENALTY SUBJECT TO APPELLANT DEPOSITING 50% OF PENALTY AMOUNT I.E. RS.4.5 LAC WITH RESPONDENT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/04/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 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 11 of 30
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