| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 261 |
|
FEDERAL CAPITAL MARKETS LTD.
(PAN:AABCF7686F)
(Member : BSE)
|
|
|
ENGAGED IN BUSINESS OTHER THAN SECURITIES OR COMMODITY DERIVATIVES INVOLVING PERSONAL FINANCIAL LIABILITY
|
IMPOSED PENALTY RS.3,00,000
31-JUL-2024
|
|
| 262 |
|
|
FICUS SECURITIES PVT.LTD.
(PAN:AAACV0429K)
(Member : BSE/NSE/MSEI)
|
|
|
|
NEENA BANSAL
PAN:AIDPB7112P
|
|
|
SURENDER SINGH
PAN:EFTPS4215D
|
|
|
VINOD KUMAR BANSAL
PAN:AAGPB8255Q
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
TRANSFERRED FUNDS WITH ASSOCIATE COMPANY
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAKE DISCLOSURE OF DP ACCOUNTS AND/OR BANK ACCOUNT TO STOCK EXCHANGES
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-OCT-2022
|
SEBI VIDE ITS NOTICE DATED 27/01/2023 DIRECTED TO PAY RS.10,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 12/04/2023 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 15/05/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.7,46,279.29 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEES TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 07/11/2023 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 12/04/2023
|
| 263 |
|
|
FIN BRAINS SECURITIES (INDIA) LTD.
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.1,00,000
04-NOV-2010
|
|
| 264 |
|
|
FINDOC INVESTMART PVT.LTD.
(PAN:AABCF8332L)
(Depository Participants : NSDL,Member : NCDEX/ICEX/MCX/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
IMPOSED PENALTY RS.10,00,000
30-NOV-2022
|
|
| 265 |
|
|
FINDOC INVESTMART PVT.LTD.
(PAN:AABCF8332L)
(Member : NSE)
|
|
|
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 OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
IMPOSED PENALTY RS.10,00,000
30-NOV-2022
|
|
| 266 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF ASIAN GRANITO INDIA LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 7 (NOW REGULATION 9) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ASIAN GRANITO INDIA LTD.
|
IMPOSED PENALTY RS.12,00,000
29-MAR-2022
|
|
| 267 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.3,00,000
20-DEC-2019
|
|
| 268 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRADING IN SCRIP OF SESHASAYEE PAPER & BOARDS LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SESHASAYEE PAPER & BOARDS LTD.
|
IMPOSED PENALTY RS.2,00,000
27-APR-2020
|
|
| 269 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 9(F) READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ALLCARGO GLOBAL LOGISTICS LTD., ASIAN STAR CO.LTD., KSL & INDUSTRIES LTD., MAVENS BIOTECH LTD., PANORAMIC UNIVERSAL LTD., RASI ELECTRODES LTD., SAT INDUSTRIES LTD., USHDEV INTERNATIONAL LTD., KBS CAPITAL MANAGEMENT LTD., LOTUS EYE CARE HOSPITALS LTD., MVL LTD. AND ANIL PRODUCTS LTD.
|
IMPOSED PENALTY RS.5,00,000
29-APR-2014
|
SEBI VIDE ITS NOTICE DATED 05/12/2014 DIRECTED ALL THE BANKS 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
|
| 270 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF BANK OF RAJASTHAN LTD.
|
IMPOSED PENALTY RS.8,00,000
25-APR-2013
|
SAT: SEBI VIDE ITS ORDER DATED 25/09/2013 MODIFIED SEBI'S ORDER DATED 25/04/2013 BY REDUCING THE PENALTY AMOUNT TO WARNING AND SET ASIDE THE PENALTY AMOUNT OF RS.8 LACS. NO COSTS
|
| 271 |
|
|
FINQUEST SECURITIES PVT.LTD.
(PAN:AABCB7028F)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT PROVIDE CORRECT DETAILS OF CLIENTS FUNDS AND SECURITIES WITH STOCK EXCHANGES
DID NOT SETTLE ACCOUNTS OF CLIENTS WITHIN STIPULATED TIME
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
|
IMPOSED PENALTY RS.12,00,000
28-JUL-2020
|
|
| 272 |
|
|
FINVASIA SECURITIES PVT.LTD.
(PAN:AABCF6759K)
(Member : NSE/BSE/MCX/NCDEX)
|
|
|
DID NOT CONDUCT QUARTERLY REVIEW OF BUSINESS CONTINUITY PLAN (BCP) AND DISASTER RECOVERY (DR) POLICY VIOLATING CLAUSE A(5) OF CODE OF CONDUCT SPECIFIED IN SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ESTABLISH SEPARATE DISASTER RECOVERY SITE FROM ITS PRIMARY DATA CENTER, LACKED REAL-TIME DATA REPLICATION MECHANISMS AND DID NOT CONDUCT LIVE TRADING OR DISASTER RECOVERY (DR) DRILLS FROM PROPOSED DISASTER RECOVERY SITE
DID NOT PROVIDE ANY RECORDS OF COMMUNICATION WITH SEBI OR NSE TO EXPLAIN ITS INABILITY TO COMPLY OR TO SEEK REGULATORY GUIDANCE/EXEMPTION OF EXTENSION
DID NOT CONDUCT MANDATORY DISASTER RECOVERY (DR) DRILLS OR LIVE TRADING FROM DISASTER RECOVERY SITE
DELAY IN CONNECTING ALL CRITICAL SYSTEMS TO LOCAL AREA MONITORING APPLICATION (LAMA)
|
IMPOSED PENALTY RS.4,00,000
20-FEB-2025
|
SAT: SAT VIDE ITS ORDER DATED 10/06/2025 CONDONED THE DELAY OF 37 DAYS IN FILING OF APPEAL. ALLOWED RESPONDENT SIX WEEKS TO FILE REPLY AND REJOINDER, IF ANY, BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 30/07/2025 RECOVERY OF PENALTY TO REMAIN STAYED SUBJECT TO DEPOSIT OF 50% PENALTY AMOUNT IN THE MEANWHILE, REPLY BE FILED WITHIN TWO WEEKS AND REJOINDER BE FILED WITHIN TWO WEEKS THEREAFTER
|
| 273 |
|
|
FIRST CUSTODIAN FUND (INDIA) LTD.,THE
(Member : NSE)
|
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATIONS 8(1) AND 8(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF HOLDINGS OF SHARES OF NEDUNGADI BANK LTD.
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AS REQUIRED UNDER REGULATION 13(3) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF NEDUNGADI BANK LTD.
|
IMPOSED PENALTY RS.25,000
15-DEC-2008
|
|
| 274 |
|
|
FIRST FUTURES & STOCKS PVT.LTD.
(PAN:AABCF1127B)
(Member : NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED PLEDGING OF CLIENT’S SECURITIES
DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT DISPLAY DETAILS OF SCORES IN OFFICE PREMISES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
USING INVALID CERTIFICATES OF CTCL AND NEAT TERMINALS
DID NOT PAY STAMP DUTYNOR CARRIED FORWARD IN ANNUAL REPORT
DID NOT ACCOUNT FOR STATUTORY EXPENSES SUCH AS STAMP DUTY, GST AND CTT IN PROFIT AND LOSS ACCOUNT
|
IMPOSED PENALTY RS.5,00,000
14-DEC-2022
|
SEBI VIDE ITS NOTICE DATED 13/12/2023 DIRECTED TO PAY RS.5,66,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 275 |
|
|
FIRST GLOBAL STOCKBROKING PVT.LTD.
(PAN:AAACF0661K)
(Member : BSE/NSE)
|
|
|
ASSOCIATED WITH A PLATFORM PROVIDING REFERENCES TO RETURNS/PERFORMANCE OF ALGORITHMIC TRADING STRATEGIES VIOLATING CLAUSE 4.2 OF SEBI CIRCULAR DATED 02/09/2022 AND CLAUSES A(2)AND A(5) OF SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF TRADE TRON AND OTHER ALGO PLATFORMS
|
IMPOSED PENALTY RS.1,00,000
25-MAR-2026
|
|
| 276 |
|
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF IND SWIFT LTD.
FAILED IN MAINTAINING INTEGRITY, NOT EXERCISED DUE SKILL AND CARE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF IND SWIFT LTD.
|
IMPOSED PENALTY RS.1,00,000
26-AUG-2009
|
|
| 277 |
|
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND CIRCULAR TRANSACTIONS AND REVERSAL OF TRADE TRANSACTONS IN SCRIP OF KRBL LTD.
DID NOT MAINTAINING INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE ,INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF KRBL LTD.
|
IMPOSED PENALTY RS.1,00,000
13-NOV-2009
|
|
| 278 |
|
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF VERONICA LABORATORIES LTD.
|
IMPOSED PENALTY RS.75,000
11-FEB-2010
|
|
| 279 |
|
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
ACTED IN CONCERT WITH ANOTHER CLIENT TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH MATCHING/SYNCHRONISED DEALS IN SCRIP OF HAVELLS INDIA LTD.
|
IMPOSED PENALTY RS.1,00,000
14-MAY-2009
|
|
| 280 |
|
|
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
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 14 of 48
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