| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
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
|
| 22 |
|
|
FYERS SECURITIES PVT.LTD.
(PAN:AADCF5513D)
(Member : BSE/NSE)
|
|
|
DID NOT SUBMIT DOCUMENTARY EVIDENCE FOR QUARTERLY MONITORING OF PEAK LOAD IN CALENDAR QUARTERS
DID NOT CONDUCT DISASTER RECOVERY (DR) DRILL FOR FULL TRADING DAY
DID NOT REVIEW IMPLEMENTATION OF BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS) POLICY OF GOVERNING BOARD OF MEMBERS
DID NOT SUBMIT ANY DOCUMENTARY EVIDENCE FOR CONSTITUTION OF INCIDENT RESPONSE TEAM (LRT) AND CRISIS MANAGEMENT TEAM (CMT)
|
IMPOSED PENALTY RS.4,00,000
13-FEB-2025
|
|
| 23 |
|
|
GEOJIT FINANCIAL SERVICES LTD.
(PAN:AABCG1935E)
(Member : NSE/BSE/COCSE)
|
|
|
ALLEGED INDULGENCE IN NEGOTIATED DEALS PROHIBITED VIDE SEBI CIRCULARS NO.SMDRP/POLICY/CIRCULAR-20/98 DATED 04/08/1998 AND SMDRP/POLICY/CIRCULAR-32/99 DATED 14/09/1999
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
11-AUG-2009
|
|
| 24 |
|
|
GEPL CAPITAL PVT.LTD.
(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 CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 7 OF SEBI (STOCK BROKERS) REGULATIONS, 1992 (AFTER AMENDMENT, REGULATION 9(F) OF SEBI (STOCK BROKERS AND SUB BROERS) (SECOND AMENDMENT) REGULATIONS, 2013
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
DID NOT ADHERE TO NSE CIRCULAR NO.NSE/INSP/2010/91 DATED 03/02/2010
|
IMPOSED PENALTY RS.4,00,000
29-JUL-2016
|
PENALTY RS.4 LACS PAID ON 04/08/2016 VIDE DD NO.487752 DATED 01/08/2016 DRAWN ON HDFC BANK LTD.
|
| 25 |
|
|
GOLDENPI SECURITIES PVT.LTD.
(PAN:AAJCG9823H)
(Member : BSE/NSE)
|
|
|
|
ABHIJIT ROY
PAN:ADIPR6408A
|
|
|
NAVEEN SUBBARAO
PAN:AEGPN8437E
|
|
|
SAI PRASAD
PAN:FOHPS7030L
|
|
|
SAMIR BARAN PRATIHAR
PAN:ALOPP1307Q
|
|
|
VISHAL SHARMA
PAN:FWJPS6375E
|
|
DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES
ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES
ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE
PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.
SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS
|
IMPOSED PENALTY RS.2,50,000 ALONG WITH OTHER ENTITIES/PERSONS
31-JUL-2025
|
|
| 26 |
|
|
GOLDENPI SECURITIES PVT.LTD.
(PAN:AAJCG9823H)
(Member : BSE/NSE)
|
|
|
DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES
ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES
ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE
PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.
SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS
|
IMPOSED PENALTY RS.2,00,000
31-JUL-2025
|
|
| 27 |
|
|
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
|
|
| 28 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
(Member : NSE)
|
|
|
ALLEGED FAILURE IN ADHERE TO CONDITIONS UNDER MARGIN TRADING FACILITY (MTF) AGREED WITH CLIENTS
ALLEGED SOFTWARE MODULE FOR LIQUIDATION OF SHARES WAS NOT FUNCTIONAL TO SQUARE OFF SECURITIES LYING IN CLIENT UNPAID SECURITIES ACCOUNT
ALLEGED INSTEAD OF SQUARING OFF UNCONFIRMED PLEDGED SECURITIES PERTAINING TO MTF CLIENTS, KEPT SUCH SECURITIES IN CUSA ACCOUNT/TRANSFERRED SECURITIES FROM CURRENT SETTLEMENT ID TO ONE FUTURE SETTLEMENT ID IN THE POOL ACCOUNT
ALLEGED SUBMISSION OF INCORRECT DATA RELATED UNCONFIRMED PLEDGE SECURITIES UNDER MARGIN TRADING FACILITY (MTF)
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.80,46,000 VIDE CONSENT ORDER)
13-FEB-2025
|
|
| 29 |
|
|
IIFL CAPITAL SERVICES LTD.
(PAN:AAACI7397D)
(Member : BSE/NSE)
|
|
|
DID NOT ENSURE THAT ALL THE ORDERS PLACED ON ONLINE BOND PLATFORM PROVIDER WITH RESPECT TO LISTED DEBT SECURITIES, MUNICIPAL DEBT SECURITIES AND LISTED SECURITIZED DEBT INSTRUMENTS WERE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGE
OFFERED DEBT SECURITIES HELD BY VENDORS ON ITS ONLINE BOND PLATFORM PROVIDER WITHOUT ENTERING INTO AGREEMENT WITH THIRD PARTY SELLER ENTITIES
|
IMPOSED PENALTY RS.2,00,000
13-OCT-2026
|
|
| 30 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN MAINTENANCE OF INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(2) AND B(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,00,000 VIDE CONSENT ORDER)
19-DEC-2014
|
|
| 31 |
|
|
INDITRADE CAPITAL LTD.
(PAN:AAACJ7327G)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9(F) AND 26(XIX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
DID NOT ADHERE TO VARIOUS NSE CIRCULARS
|
IMPOSED PENALTY RS.1,00,000
30-NOV-2018
|
|
| 32 |
|
|
INDOVISION SECURITIES LTD.
(PAN:AAACI5310G)
(Member : NSE/BSE/MCX)
|
|
|
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
DID NOT SUBMIT REPORT ON MARGIN MONEY AS REQUIRED VIDE NSE CIRCULAR NO. NSE/INSP/19583 DATED 14/12/2011
|
IMPOSED PENALTY RS.1,00,000
08-MAR-2017
|
|
| 33 |
|
|
INTERFACE BROKERAGE & RESEARCH LTD.
(Member : ASE)
|
|
|
DID NOT ADHERE TO REGISTRATION DIRECTIVES/INSTRUCTIONS/GUIDELINES SPECIFIED FOR SUB-BROKERS AS PER SEBI CIRCULARS DATED 14/03/1996, 16/01/1998 AND 15/01/2001
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
14-JUN-2010
|
|
| 34 |
|
|
INTIME EQUITIES LTD.
(PAN:AAACG2063L)
(Member : NSE)
|
|
|
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
DID NOT SETTLE RUNNING ACCOUNTS OF ITS CLIENTS EITHER IN CALENDAR QUARTER OR MONTHLY VIOLATING DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED VIDE SEBI CIRCULAR NO.MIRSD/SE/CIR/19/2009 DATED 03/12/2009 & CIRCULAR NO.SEBI/MIRSD/CIR/01/2011 DATED 13/05/2011
|
IMPOSED PENALTY RS.35,00,000
25-SEP-2014
|
|
| 35 |
|
|
INVESTMENTOR SECURITIES LTD.
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO SEBI CIRCULAR MIRSD/SE/CIR-19/2009 DATED 03/12/2009
|
IMPOSED PENALTY RS.6,00,000
31-AUG-2016
|
|
| 36 |
|
|
ITI FINANCIAL SERVICES LTD.
(PAN:AAACI8316C)
(Member : NSE/BSE)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
16-MAR-2009
|
|
| 37 |
|
|
JAINAM BROKING LTD.
(CIN:U67120GJ2003PLC043162
PAN:AABCJ3918N)
(Depository Participants : CDSL,Member : BSE/NSE/MCX/NCDEX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
REPORTED WRONG USER DETAILS ON STOCK EXCHANGES PLATFORM
REPORTED WRONG BROKERAGE INCOME IN RISK-BASED SUPERVISION
DID NOT DEVELOP PLAN AND SCHEDULE TO DO VULNERABILITY ASSESSMENT FOR ALL CRITICAL IT ASSETS
|
IMPOSED PENALTY RS.7,00,000
02-SEP-2026
|
|
| 38 |
|
|
JAINAM BROKING LTD.
(CIN:U67120GJ2003PLC043162
PAN:AABCJ3918N)
(Member : NSE/BSE)
|
|
|
DID NOT UPDATE KNOW YOUR CLIENT (KYC) OF CLIENTS WITHIN STIPULATED TIME WITH CENTRAL REGISTRY OF SECURITIZATION & ASSET RECONSTRUCTION AND SECURITY INTEREST OF INDIA (CERSAI) PORTAL FOR KYC RECORDS I.E. CENTRAL KYC RECORD REGISTRY (CKYCR)
|
IMPOSED PENALTY RS.3,00,000
30-AUG-2024
|
|
| 39 |
|
|
JRG SECURITIES LTD.
(Member : NSE/BSE/MCX)
|
|
|
DID NOT CARRY OUT MANADATORY QUARTERLY SETTLEMENT OF ACCOUNTS, EXCLUDE CLIENTS FROM REQUIREMENT OF MANADATORY QUARTERLY SETTLEMENT OF ACCOUNTS, SETTLED FUNDS & SECURITIES ACCOUNTS OF CLIENTS ON DIFFERENT DATES, DID NOT SETTLE CLIENT’S ACCOUNTS, IRREGULARLY RETAINED FUNDS AS MARGIN ETC. VIOLATING SEBI CIRCULAR NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009 READ WITH PROVISIONS OF CLAUSES A(2) AND A(5) OF CODE OF CONDUCT FOR STOCK BROKER IN SCHEDULE II UNDER REGUALTION 7 OF BROKER REGULATIONS, 1992
|
IMPOSED PENALTY RS.8,00,000
31-MAR-2017
|
|
| 40 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE/BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH
ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON
ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2012
|
|
| 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 2 of 4
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