| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 241 |
|
DYNAMIC EQUITIES PVT.LTD.
(PAN:AABCD0928N)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.1,00,000
14-MAY-2021
|
SAT: SAT VIDE ITS ORDER DATED 03/11/2022 CONDONED THE DELAY IN FILING OF APPEAL AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 09/01/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 10/02/2023 DIRECTED TO FILE REJOINDER AFFIDAVIT IN REGISTRY WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 242 |
|
|
DYNAMIC STOCK BROKING (INDIA) PVT.LTD.
(PAN:AABCD2889E)
(Member : BSE)
|
|
|
TRANSFERRED SECURITIES BELONGING TO CLIENTS TO BROKERS OWN ACCOUNT
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
IMPOSED PENALTY RS.50,000
01-DEC-2004
|
SAT: SAT VIDE ITS ORDER DATED 29/10/2012 DIRECTED SEBI TO PASS A FINAL ORDER WITHIN FOUR WEEKS FROM THE DATE OF THIS ORDER I.E.29/10/2012
|
| 243 |
|
|
DYNAMIC STOCK BROKING (INDIA) PVT.LTD.
(PAN:AABCD2889E)
(Member : BSE/NSE)
|
|
|
FACILITATED MR.NIRMAL KOTECHA TO CREATE ARTIFICIAL VOLUME TO OFFLOAD HIS STAKE IN PYRAMID SAIMIRA THEATRE LTD.
|
IMPOSED PENALTY RS.2,00,000
07-NOV-2012
|
|
| 244 |
|
|
EASTERN FINANCIERS LTD.
(PAN:AAACE7613A)
(Member : BSE)
|
|
|
DID NOT MAINTAIN PRE-ORDER CONFIRMATION FOR TRADES
DELAY IN UPDATION OF AUTHORISED PERSONS ADDRESS WITH STOCK EXCHANGE RECORDS AND CLIENTS MAPPED TO AP DID NOT NOTIFY AT LEAST THIRTY DAYS BEFORE CHANGE OF ADDRESS
DID NOT MAINTAIN ADEQUATE SUPERVISION OF AUTHORISED PERSONS
REPRESENTATIVES/EMPLOYEES/AUTHORISED PERSONS DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
TRADING TERMINALS MAPPED TO AUTHORISED PERSON OPERATED BY UNAPPROVED AND UNAUTHORISED USERS
DID NOT MAINTAIN APPROPRIATE SEGREGATION OF CTCL TERMINALS
|
IMPOSED PENALTY RS.4,00,000
22-JUL-2026
|
|
| 245 |
|
|
EASTERN FINANCIERS LTD.
(PAN:AAACE7613A)
(Member : NSE/BSE/MCX)
|
|
|
DISCREPANCY IN DATA PERTAINING TO BANK BALANCE, FREE COLLATERAL DEPOSITED WITH CLEARING CORPORATION (CC) AND OWN SECURITIES DEPOSITED AS COLLATERAL WITH CLEARING CORPORATION (CC)
DISCREPANCIES IN STOCK RECONCILIATION
DID NOT REPORT BANK ACCOUNT/DEMAT ACCOUNT
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MAPPED UNIQUE MOBILE NUMBER TO MORE THAN ONE UNIQUE CLIENT CODE (UCC) WITHOUT OBTAINING FAMILY DECLARATION
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.3,50,000
26-FEB-2024
|
|
| 246 |
|
|
ECHOLAC FINVEST PVT.LTD.
(Member : NSE)
|
|
|
DID NOT PERSONALLY APPEAR AND/OR PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF GUJARAT HEAVY CHEMICALS LTD.
|
IMPOSED PENALTY RS.1,50,000
16-DEC-2010
|
|
| 247 |
|
|
EDELWEISS STOCK BROKING LTD.
(PAN:AABCA9956F)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF S.J.CORP.LTD.
|
IMPOSED PENALTY RS.50,000
27-MAR-2012
|
|
| 248 |
|
|
EMKAY GLOBAL FINANCIAL SERVICES LTD.
(Member : BSE/NSE)
|
|
|
DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES
UTILIZED OVERDRAFT FACILITY ON CLIENT BANK ACCOUNT AND CHARGED INTEREST TO CLIENT BANK ACCOUNT
|
IMPOSED PENALTY RS.3,00,000
25-OCT-2019
|
|
| 249 |
|
|
ESS ESS INTERMEDIARIES PVT.LTD.
(PAN:AAACE7722Q)
(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
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 AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.3,00,000
30-DEC-2010
|
|
| 250 |
|
|
EUREKA STOCK & SHARE BROKING SERVICES LTD.
(PAN:AAACE5410B)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,00,000
28-MAR-2024
|
SEBI VIDE ITS ORDER DATED 31/07/2024 DISPOSED OF ENQUIRY PROCEEDINGS WITHOUT ANY ADVERSE ACTION UNDER REGULATION 26(1) OF SEBI (INTERMEDIARIES) REGULATIONS, 2008
SAT: SAT VIDE ITS ORDER DATED 13/08/2024 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 30/07/2025 GRANTED THREE WEEKS TO FILE REJOINDER
|
| 251 |
|
|
EVERMORE SHARE BROKING PVT.LTD.
(PAN:AAACE0199D)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN STOCK RECONCILIATION
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
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
MADE INCORRECT REPORTING OF CLIENTS LEDGER BALANCE
DID NOT PROVIDE RECENT TESTING CERTIFICATES OF IN-HOUSE PRODUCTS
UNDATED INCIDENT MANAGEMENT PROCEDURE DOCUMENT, REMOTE ACCESS CONTROLS POLICY AND PROCEDURES DOCUMENT
|
IMPOSED PENALTY RS.20,00,000
15-FEB-2024
|
SEBI VIDE ITS NOTICE DATED 14/06/2024 DIRECTED TO PAY RS.21,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 05/07/2024 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
|
| 252 |
|
|
EXCEL STOCK BROKING PVT.LTD.
(PAN:AABCE8639D)
(Member : NSE)
|
|
|
CONNECTED TO SECONDARY/FALL BACK SERVER WITHOUT CONSENT/PERMISSION OF NSE VIOLATING POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER AND SUB BROKER) REGULATIONS, 1992
|
IMPOSED PENALTY RS.3,00,000
29-JUL-2021
|
|
| 253 |
|
|
EXCLUSIVE SECURITIES LTD.
(PAN:AAACE4332L)
(Member : NSE/BSE/MSEI)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.5,00,000
02-JUN-2021
|
|
| 254 |
|
|
F6 FINSERVE PVT.LTD.
(PAN:AABCF0080D)
(Member : BSE/NSE)
|
|
|
|
DEEPAK GOEL
PAN:ADEPG1122G
|
|
|
MEENU GOEL
PAN:AFSPG7531F
|
|
|
PANKAJ GOEL
PAN:ACTPG7828D
|
|
|
RUCHIKA GOEL
PAN:AIAPG7306B
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT CO-OPERATE AND NOT SUBMITTED DOCUMENTS DURING INSPECTION
|
IMPOSED PENALTY RS.89,00,000
18-OCT-2022
|
SEBI VIDE ITS NOTICE DATED 01/06/2023 DIRECTED TO PAY RS.97,02,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 15/09/2023 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 07/11/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.1,01,47,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 255 |
|
|
FAIR INTERMEDIATE INVESTMENT PVT.LTD.
(PAN:AAACF7530K)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF PFL INFOTECH LTD.
|
RESTRAINED FROM EXECUTING TRADES IN PROPRIETARY ACCOUNT FROM 28-NOV-2022 TO 27-DEC-2022
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/06/2023 DISMISSED THE APPEAL. NO COSTS
|
| 256 |
|
|
FAIRWEALTH COMMODITY BROKING PVT.LTD.
(PAN:AABCF0079J)
(Member : MCX/NCDEX)
|
|
|
|
DHIRENDER GABA
PAN:AFUPG9615E
|
|
|
NAVEEN GABA
PAN:AAEPG8929N
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
|
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-JUN-2023 TO 27-JUN-2026
IMPOSED PENALTY RS.1,40,00,000
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 BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY
28-JUN-2023
|
|
| 257 |
|
|
FAIRWEALTH SECURITIES LTD.
(PAN:AAACF8795N)
(Depository Participants : CDSL,Member : BSE/NSE/MSEI)
|
|
|
|
NAVEEN GABA
PAN:AAEPG8929N
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
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 11-OCT-2019 TO 10-OCT-2026
CEASED AND DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 11-OCT-2019 TO 10-OCT-2026
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR TO CREATE OR INVOKE OR RELEASE ANY INTEREST OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF NSE AND BSE
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 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
DIRECTED EXCHANGES AND/OR CLEARING CORPORATIONS AND/OR DEPOSITORIES TO APPOINT FORENSIC AUDITOR TO TRACK MISUSE OF CLIENT'S FUNDS/SECURITIES AND TO IDENTIFY NET ASSETS/LIABILITIES
DIRECTED EXCHANGES TO DEAL WITH COMPLAINTS/CLAIMS OF CLIENTS AGAINST MEMBER AND RETURN AMOUNT OF CLIENT FUND AND SECURITIES TO CLIENTS
IMPOSED PENALTY RS.2,50,00,000
11-OCT-2019
|
SAT: APPEAL DISMISSED AS NOT PRESSED
SEBI VIDE ITS ORDER DATED 24/01/2020 CONFIRMED DIRECTIONS ISSUED VIDE ITS EX-PARTE AD-INTERIM ORDER DATED 11/10/2019
SEBI VIDE ITS ORDER DATED 28/06/2023 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, EITHER DIRECTLY OR INDIRECTLY, OR BEING ASSOCIATED WITH THE SECURITIES MARKET IN ANY MANNER WHATSOEVER FOR SEVEN YEARS FROM INTERIM ORDER B) DIRECTED TO PAY PENALTY OF RS.1.50 CRORE U/S 15HA OF SEBI ACT. RS.50 LAC U/S 23D OF SCRA AND RS.50 LAC U/S 23H OF SCRA WITHIN FORTY-FIVE DAYS FROM DATE OF THIS ORDER C) PROVIDE NSE/BSE/METROPOLITAN STOCK EXCHANGE OF INDIA AN UPDATED LIST OF INVENTORY OF ALL THEIR ASSETS, WHETHER MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL THEIR BANK ACCOUNTS, DEMAT ACCOUNTS AND MUTUAL FUND INVESTMENTS AS WELL AS DETAILS OF ANY LOANS OR ADVANCES, RECOVERABLE BY THEM AS ON DATE OF THIS ORDER D) COOPERATE WITH STOCK EXCHANGES IN ENSURING COMPLIANCE OF DIRECTION INCLUDING IN LIQUIDATING FUNDS, SECURITIES, CHARGE, RECOVERABLE DUES, ADVANCES AND ANY OTHER MOVABLE AND IMMOVABLE ASSETS E) NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, WHETHER MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS INCLUDING MONEY LYING IN BANK ACCOUNTS TILL THE SETTLEMENT OF ALL CLAIMS F) BANK TO ENSURE THAT NO DEBITS ARE MADE IN THE BANK ACCOUNTS HELD JOINTLY OR SEVERALLY
|
| 258 |
|
|
FAIRWEALTH SECURITIES LTD.
(PAN:AAACF8795N)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT ISSUE COMPREHENSIVE STATEMENT OF ACCOUNT AT THE TIME OF SETTLEMENT
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DID NOT ISSUE STATEMENT OF PLEDGING TO CLIENTS SECURITIES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.30,00,000
18-JAN-2021
|
SEBI VIDE ITS NOTICE DATED 30/08/2021 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
SEBI VIDE ITS ORDER DATED 07/09/2021 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF FAIRWEALTH SECURITIES LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS ORDER DATED 20/09/2021 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 30/08/2021
SAT: SAT VIDE ITS ORDER DATED 13/09/2021 DISPOSED OFF THE APPEAL AND DIRECTED RECOVERY OFFICER TO RECOVER RS.30 LAC FROM APPELLANT’S BANK ACCOUNT IN COMPLIANCE OF AO ORDER DATED 18/01/2021
SAT: SAT VIDE ITS ORDER DATED 13/09/2021 DISPOSED OFF THE APPEAL AND DIRECTED RECOVERY OFFICER TO RECOVER RS.30 LAC FROM APPELLANT’S BANK ACCOUNT IN COMPLIANCE OF AO’S ORDER DATED 18/01/2021
|
| 259 |
|
|
FAIRWEALTH SECURITIES LTD.
(PAN:AAACF8795N)
(Member : BSE/NSE)
|
|
|
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF IRREGULAR TRANSACTIONS IN SCRIP OF ALKA SECURITIES LTD.
|
IMPOSED PENALTY RS.1,00,000
10-MAY-2012
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 260 |
|
|
FAST CAPITAL MARKETS LTD.
(PAN:AAACF3907A)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
DID NOT HAVE CONTROL SYSTEM OVER BRANCH/AUTHORIZED PERSONS
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.7,00,000
07-AUG-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 13 of 48
|
