| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 321 |
|
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
|
|
| 322 |
|
|
GOODWILL WEALTH MANAGEMENT PVT.LTD.
(PAN:AAECG9766E)
(Member : BSE/NSE/ICEX/MCX/NCDEX)
|
|
|
DID NOT CONNECT ITS CRITICAL SERVERS WITH STOCK EXCHANGES LOGGING AND MONITORING MECHANISM (LAMA) SYSTEM VIOLATING CLAUSE 5 OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS 1992 READ WITH CLAUSE 5(I) OF NSE CIRCULAR NSE/COMP/54876 DATED 16/12/2022
DID NOT CONDUCT DR DRILL ON LIVE TRADING DAY
SET THRESHOLD AT 80% OF CAPACITY FOR GENERATION OF ALERTS (GIGA DMZ1 AND OMS-APP2)IN PLACE OF 70% OF INSTALLED CAPACITY
DID NOT SUBMIT ANY SOFTWARE TESTING FRAMEWORK AND AUTOMATED TEST ENVIRONMENT THAT IN PLACEFOR TESTING ANY UPDATE/CHANGE/DEVELOPMENT IN SOFTWARE
DID NOT HAVE ITS OWN BCP-DR POLICY AND CHANGE MANAGEMENT POLICY IN PLACE
DID NOT CONSTITUTE ITS INCIDENT AND RESPONSE TEAM/CRISIS MANAGEMENT
DID NOT EXPLAIN INCIDENT RESPONSE MANAGEMENT, THREAT DETECTION TOOLS, ESCALATION MATRIX PROCESS
DID NOT FURNISH LIST OF USERS WHO HAVE BEEN GRANTED ACCESS TO THEIR CRITICAL SERVERS
DID NOT MAINTAIN AND STORES LOGS OF ITS FIREWALLS SYSTEM AS REQUIRED DURING INSPECTION
BOARD OF DIRECTORS DID NOT DO ANNUAL REVIEW OF CYBER SECURITY AND CYBER RESILIENCE POLICY
DID NOT INSTRUCT ITS THIRD PARTY VENDOR WHO MANAGES ITS SYSTEM TO ADHERE TO POLICY/GUIDELINES OF CYBER SECURITY AND CYBER RESILIENCE FRAMEWORK ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,000
18-JUL-2025
|
|
| 323 |
|
|
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
|
| 324 |
|
|
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
|
| 325 |
|
|
GRESHMA SHARES & STOCKS LTD.
(PAN:AADCG5220E)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO THE STATUTORY REQUIREMENTS VIOLATING REGULATION 9(F) READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,00,000
23-DEC-2015
|
SEBI VIDE ITS NOTICE DATED 27/08/2019 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 30/08/2019 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 27/08/2019
SAT: SAT VIDE ITS ORDER DATED 06/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT RS.10 LACS FROM RS.20 LACS
SAT: SAT VIDE ITS ORDER DATED 04/12/2019 DISMISSED AS WITHDRAWN
|
| 326 |
|
|
GRISHMA SECURITIES PVT.LTD.
(PAN:AABCG1300K)
(Member : NSE)
|
|
|
|
MIHIR GHELANI
PAN:AACPG7986K
|
|
ATTEMPTED TO INDUCE PUBLIC TO DEAL BY CREATING MISLEADING APPEARANCE OF TRADING IN THE SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
ACTED IN CONCERT WITH BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH STRUCTURED DEALS/MATCHING BUY AND SELL ORDERS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
IMPOSED PENALTY RS.5,00,000
22-JUN-2006
|
SAT: CASE ADJOURNED
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS
|
| 327 |
|
|
GRM SECURITIES PVT.LTD.
(PAN:AACCG9139R)
(Member : NSE/MSEI)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL VOLUME THROUGH SELF-TRADES IN CURRENCY DERIVATIVE SEGMENT
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING CLAUSES A(1), A(2) AND A(4) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9(F) AND 26(XI), (XV), (XVI) & (XX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
28-AUG-2020
|
|
| 328 |
|
|
GROVALUE COMMODITY PVT.LTD.
(PAN:AAFCG2360M)
(Member : NCDEX/MCX)
|
|
|
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
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION
DID NOT PROVIDE DATA REGARDING REGISTER OF COMMODITY, BROKERAGE, PERIODIC BANK RECONCILIATION, ORDER LOG ETC.
DID NOT MENTION SEBI REGISTRATION DETAILS ON CONTRACT NOTES AND STATEMENT OF ACCOUNT
|
IMPOSED PENALTY RS.7,00,000
19-MAY-2021
|
SEBI VIDE ITS NOTICE DATED 24/11/2022 DIRECTED TO PAY RS.8,34,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 06/01/2023 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 ORDER DATED 28/03/2023 DIRECTED ALL THE BANKS TO REMIT RS.8,62,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF GROVALUE COMMODITY PVT.LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
SEBI VIDE ITS NOTICE DATED 17/07/2026 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 06/01/2023
SEBI VIDE ITS ORDER DATED 17/07/2026 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6055 OF 2022 DATED 24/12/2022
|
| 329 |
|
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE/MSEI)
|
|
|
|
DHARMENDRA KOTHARI
PAN:AFGPK6680M
|
|
|
KAMAL KUMAR KOTHARI
PAN:AKYPK8782D
|
|
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
FALSIFIED BOOKS AND WRONGLY REPORTED TO STOCK EXCHANGE
DID NOT MAINTAIN CONTINUOUS NETWORTH
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH INFORMATION/DATA TO SEBI VIOLATING OF REGULATION 21(1) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,00,000
30-JUN-2022
|
SAT: SAT VIDE ITS ORDER DATED 19/10/2022DIRECTED RESPONDENT THREE WEEKS TO FILE REPLY FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 07/05/2024 DIRECTED TO PAY RS.2,48,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 28/05/2024 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 10/07/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.2,48,01,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SAT: SAT VIDE ITS ORDER DATED 25/09/2024 DISMISSED THE APPEAL. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 11/12/2024 DISMISSED THE REVIEW APPLICATION AS WITHDRAWN
SAT: SAT VIDE ITS ORDER DATED 11/03/2025 REJECTED THE REVIEW APPLICATIONS
|
| 330 |
|
|
H J SECURITIES PVT.LTD.
(PAN:AAACH5600E)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF EDSERV SOFTSYSTEMS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT COMPLYING WITH 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 EDSERV SOFTSYSTEMS LTD.
|
IMPOSED PENALTY RS.3,50,000
07-FEB-2012
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 331 |
|
|
H.P.MITTAL & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SCINTILLA COMMERCIAL & CREDIT LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(4) AND B(4) (A) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SCINTILLA COMMERCIAL & CREDIT LTD.
|
IMPOSED PENALTY RS.3,00,000
09-JUN-2010
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 332 |
|
|
HANUMAN SHARE & STOCK BROKERS LTD.
(Member : ASE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
DID NOT COLLECT MARGINS FROM CLIENTS
CHARGED BROKERAGE HIGHER THAN PRESCRIBED RATE
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.20,000
29-SEP-2005
|
|
| 333 |
|
|
HARDIK FINTRADE PVT.LTD.
(PAN:AAACH2867F)
(Depository Participants : CDSL,Member : BSE/MSEI)
|
|
|
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
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION
|
IMPOSED PENALTY RS.4,50,000
14-DEC-2021
|
|
| 334 |
|
|
HARDIK MULTI-COM BROKING PVT.LTD.
(PAN:AABCV8876F)
(Member : MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
DID NOT MAINTAIN TRADING REPORT (ORDER BOOK/ORDER LOG AND TRADE LOG)
|
IMPOSED PENALTY RS.2,00,000
23-JAN-2023
|
SAT: SAT VIDE ITS ORDER DATED 18/05/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. EFFECT AND OPERATION OF IMPUGNED ORDER TO REMAIN STAYED TILL FURTHER ORDERS
SAT: SAT VIDE ITS ORDER DATED 08/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
|
| 335 |
|
|
HARIKISHAN HIRALAL,M/S
(Member : BSE)
|
|
|
|
HARIKISHAN HIRALAL
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF KARUNA CABLES LTD.
|
IMPOSED PENALTY RS.7,00,000
04-JUN-2009
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 04/06/2009 SET ASIDE WITH NO ORDER AS TO COSTS
|
| 336 |
|
|
HAVEN FINANCIAL SERVICES PVT.LTD.
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RAJESH EXPORTS LTD.
DID NOT MAINTAIN 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 RAJESH EXPORTS LTD.
|
IMPOSED PENALTY RS.1,00,000
30-JUN-2010
|
|
| 337 |
|
|
HAVEN FINANCIAL SERVICES PVT.LTD.
(Member : NSE)
|
|
|
ATTEMPTED TO INDUCE PUBLIC TO DEAL BY CREATING MISLEADING APPEARANCE OF TRADING IN THE SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
ACTED IN CONCERT TO MANIPULATE SCRIP OF RADAAN MEDIAWORKS INDIA LTD. THROUGH REVERSAL OF TRADE TRANSACTIONS/SYNCHRONIZED DEALS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
IMPOSED PENALTY RS.5,00,000
29-MAY-2006
|
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS
|
| 338 |
|
|
HEDGE EQUITIES LTD.
(PAN:AABCH9516N)
(Member : NSE/BSE/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 AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.15,00,000
23-DEC-2015
|
|
| 339 |
|
|
HORIZON PORTFOLIO LTD.
(PAN:AAACH2097M)
(Member : BSE/NSE)
|
|
|
DID NOT SUBMIT APPLICATION FOR PRIOR APPROVAL FROM SEBI AND STOCK EXCHANGES FOR CHANGE IN CONTROL VIOLATING REGULATION 26 (XVII) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
20-SEP-2024
|
|
| 340 |
|
|
IFCI FINANCIAL SERVICES LTD.
(PAN:AAACI0567P)
(Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEALT WITH STOCK BROKER/SUB-BROKER OF SAME EXCHANGE WITHOUT PRIOR PERMISSION OF THE EXCHANGE
|
IMPOSED PENALTY RS.50,000
31-MAR-2010
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
09-SEP-2010
|
SAT: IMPUGNED ORDER DATED 31/03/2010 DISPOSED OFF. AS APPLICANT HAS PAID RS.5,00,000, AS PER CONSENT ORDER
|
| 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 17 of 48
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