| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
RAGHUKUL SHARES INDIA PVT.LTD.
(CIN:U67120RJ2009PTC029155
PAN:AAECR3716R)
(Member : BSE/NSE/MCX/NCDEX)
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AMIT SHARMA
DIN:02505457
PAN:AFGPS8573K
|
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GANGA RAM KHANDELWAL
DIN:01731730
PAN:ADRPK5114D
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MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
DID NOT MAINTAIN NETWORTH AND DEPOSIT REQUIREMENTS
MADE FIXED PAYMENTS/RETURNS TO CLIENTS
DID NOT OBTAIN PRIOR APPROVAL FROM STOCK EXCHANGE FOR CHANGE IN CONTROL AND APPOINTMENT OF DIRECTOR VIOLATING SEBI CIRCULAR CIR/MIRSD/14/2011 DATED 02/08/2011 AND CIR/MIRSD/2/2011 DATED 03/06/2011
DID NOT REPORT COMPLETE AND CORRECT DATA TO EXCHANGE ON TIME VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 DATED 26/09/2016
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-JUN-2019 TO 27-JUN-2026
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-JUN-2019 TO 27-JUN-2026
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 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 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 TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
28-JUN-2019
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SEBI VIDE ITS ORDER DATED 24/01/2020 CONFIRMED DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 28/06/2019
SEBI VIDE ITS ORDER DATED 31/05/2023 DIRECTED TO A) RESTRAINED FROM ACCESSING SECURITIES MARKET AND PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY AND ASSOCIATING WITH SECURITIES MARKET IN ANY MANNER FOR SEVEN YEARS FROM DATE OF INTERIM ORDER B) DURING PERIOD OF RESTRAINT EXISTING HOLDING, INCLUDING UNITS OF MUTUAL FUNDS TO REMAIN FROZEN C) JOINTLY AND SEVERALLY, REPAY/REFUND THE MONEY TO INVESTORS/CLIENTS WITH INTEREST @15% P.A. FROM DATE WHEN THE REPAYMENTS BECAME DUE TO INVESTORS TILL DATE OF ACTUAL PAYMENT UNDER SUPERVISION OF NSE D) JOINTLY AND SEVERALLY RETURN THE SECURITIES DUE TO CLIENTS/INVESTORS OF RAGHUKUL SHARES INDIA PVT.LTD. OR THEIR MONETARY VALUE AS ON DATE OF ACTUAL PAYMENT OF MONEY IN LIEU OF SHARES UNDER SUPERVISION OF NSE E) NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS, WHETHER MOVABLE OR IMMOVABLE (INCLUDING FUNDS IN THEIR BANK ACCOUNTS) OR CREATE ANY INTEREST OR CHARGE IN ANY SUCH ASSETS, TILL SUCH TIME THE REFUNDS/REPAYMENTS F) BANKS ARE TO ENSURE NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY, EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER THE WRITTEN CONFIRMATION OF NSE G) NSE DEFAULTERS COMMITTEE TO, AS EXPEDITIOUSLY AS POSSIBLE OPEN AND OPERATE DEDICATED DEMAT ACCOUNT WHERE ALL THE SECURITIES LYING IN THE DEMAT ACCOUNT OF RAGHUKUL SHARES INDIA PVT.LTD. TO BE TRANSFERRED H) NSE DEFAULTERS COMMITTEE TO OPEN AND OPERATE A DEDICATED INTEREST BEARING BANK ACCOUNT WITH NATIONALIZED BANK WHERE ALL THE FUNDS LYING IN VARIOUS BANK ACCOUNTS HELD IN THE NAME OF RAGHUKUL SHARES INDIA PVT.LTD. SHALL BE TRANSFERRED I) MODALITIES OF SELLING ASSETS, DEPOSITING PROCEEDS THEREOF IN ESCROW ACCOUNT(S) TO BE WORKED OUT BY NSE J) NSE TO DEAL WITH CLAIMS OF CLIENTS/INVESTORS IN ACCORDANCE WITH BYE-LAWS AND PROCEDURES AFTER ADJUSTING DISBURSEMENTS MADE THROUGH DEFAULTERS COMMITTEE MECHANISM K) PROCEED WITH RECOVERY OF FUNDS AND SECURITIES FROM THE ASSETS OF RESPECTIVE NOTICEES TO COVER ANY SHORTFALL IN FUNDS AND SECURITIES IN ESCROW ACCOUNTS(S) AND DEMAT ACCOUNT
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| 62 |
|
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RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX)
|
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ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF CODE OF CONDUCT PRESCRIBED FOR STOCK BROKERS IN SCHEDULE II UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,00,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO REGISTER NEW CLIENTS FOR A PERIOD OF 45 DAYS) FROM 16-JUN-2011
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO SPEND A SUM OF RS.1 CRORE ON INVESTOR EDUCATION AND AWARENESS PROGRAMME AND ON DEVELOPMENT OF METERIALS FOCUSING ON MAKING INVESTORS MORE AWARE OF THEIR RIGHTS IN CONNECTION WITH INTERNET BASED TRADING IN SECURITIES MARKET WITHIN 6 MONTHS FROM DATE OF RECEIPT OF THIS CONSENT ORDER) FROM 16-JUN-2011
09-JUN-2011
|
|
| 63 |
|
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RELIGARE SECURITIES LTD.
(PAN:AAACF1952D)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE)
|
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DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DID NOT MAINTAIN RECORDS OF INVESTORS’ COMPLAINTS
DID NOT CONDUCT INTERNAL AUDIT OF BRANCH OPERATIONS AS PER SEBI CIRCULAR NO MIRSD/DPS-III/CIR-9/07 DATED 03/07/2007
CONDUCTED DEPOSITORY OPERATIONS WITHOUT NCFM QUALIFIED PERSONNEL AT BRANCHES
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN COLLECTION OF INTRODUCERS DETAILS
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN HANDLING AND PROCESSING MODIFICATION REQUESTS
DID NOT EXERCISE DUE DILIGENCE AND CARE IN PROCESSING VARIOUS FORMS AND REQUESTS SUBMITTED AT BRANCH LEVEL
|
IMPOSED PENALTY RS.2,00,000
10-NOV-2010
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 64 |
|
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RKSV SECURITIES INDIA PVT.LTD.
(PAN:AAECR3022N)
(Member : NSE/BSE)
|
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ALLEGED FAILURE TO MAINTAIN ROBUST CYBER SECURITY AND CYBER RESILIENCE FRAMEWORK TO PROTECT INTEGRITY OF DATA AND PRIVACY VIOLATING CLAUSES 3, 7, 11, 14, 17, 29, 36, 37, 45 AND 46 OF ANNEXURE OF SEBI CIRCULAR SEBI/HO/MIRSD/CIR/PB/2018/147 DATED 03/12/2018
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REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,13,75,000 VIDE CONSENT ORDER)
03-NOV-2023
|
|
| 65 |
|
|
RR EQUITY BROKERS PVT.LTD.
(PAN:AACCR7602J)
(Member : BSE/NSE/MCX)
|
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DELAY IN SETTLING FUNDS/SECURITIES OF ITS CLIENTS VIOLATING SEBI CIRCULARS NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009 AND CLAUSE A(5) OF CODE OF CODE OF CONDUCT READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
PLEDGED CLIENT SECURITIES IN EXCESS OF THEIR OBLIGATION VIOLATING SEBI CIRCULAR NO.SMD/SED/CIR/93/23321 DATED 18/11/1993
MISUSED FUNDS RECEIVED FROM PLEDGING VIOLATING SEBI CIRCULAR NO.SMD/SED/CIR/93/23321 DATED 18/11/1993
|
IMPOSED PENALTY RS.2,00,000
25-JUL-2019
|
|
| 66 |
|
|
SHREEPATI HOLDINGS & FINANCE PVT.LTD.
(PAN:AAACS3111R)
(Member : BSE/NSE)
|
|
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DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT READ WITH REGULATIONS 9(F), 26(XV), 26(XVI) AND 26(XX) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.3,00,000
18-DEC-2017
|
|
| 67 |
|
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SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Member : NSE/BSE/MSEI)
|
|
|
PLEDGED CLIENTS SECURITIES WITHOUT THEIR CONSENT VIOLATING SEBI CIRCULAR NO.SEBI/MRD/SE/SU/CIR-15/04 DATED 19/03/2004
PLEDGED CLIENTS SECURITIES WITHOUT THEIR CONSENT VIOLATING REGULATION 9 READ WITH CLAUSES A(1) TO A(3) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
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WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
06-JUL-2021
|
|
| 68 |
|
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SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
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|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE AND DEAFULT IN ISSUANCE OF CONTRACT NOTE VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND B(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED FAILURE IN MAINTAINING UNIFORMITY IN DOCUMENTS REQUIRED FOR TRADING VIOLATING SEBI CIRCULAR NO.SEBI/MIRSD/DPS-1/CIR31/2004 DATED 26/08/2004
ALLEGED VIOLATION OF REGULATIONS 26(III),(V),(VII),(XII),(XIII) AND (XX) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)
12-APR-2010
|
|
| 69 |
|
|
SUNFLOWER BROKING PVT.LTD.
(PAN:AAACN5165E)
(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
DELAY IN COMPLYING WITH SEBI CIRCULAR NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009
|
IMPOSED PENALTY RS.10,00,000
28-MAY-2014
|
SAT: SAT VIDE ITS ORDER DATED 03/05/2016 DISMISSED THE APPEAL. NO COSTS
|
| 70 |
|
|
SYKES & RAY EQUITIES (INDIA) LTD.
(PAN:AAECS5168A)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
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) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
25-OCT-2018
|
|
| 71 |
|
|
TRADEBULLS SECURITIES PVT.LTD.
(PAN:AADCT2020P)
(Member : BSE/NSE)
|
|
|
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
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
|
IMPOSED PENALTY RS.10,00,000
23-SEP-2015
|
|
| 72 |
|
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UKS FOREX PVT.LTD.
(PAN:AAACU4567D)
(Member : MCX/NSE/USEIL)
|
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DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR CHANGE IN CONTROL OF SHAREHOLDING AS REQUIRED UNDER REGULATION 6A (1) (C) (NOW BECOME 9(C)) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSE A (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO SEBI CIRCULAR CIR/MIRSD/2/2011 DATED 03/06/2011
|
IMPOSED PENALTY RS.4,00,000
29-SEP-2015
|
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| 73 |
|
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VENTURA SECURITIES LTD.
(PAN:AAACV1361J)
(Member : BSE/NSE)
|
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DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND 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(XV), (XVI), (XIX) & (XX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.3,00,000
29-NOV-2018
|
SAT: SAT VIDE ITS ORDER DATED 20/01/2021 ALLOWED THE APPEALS AND SET ASIDED IMPUGNED COMMUNICATION AND REMITTED THE MATTER TO SEBI TO RECONSIDER THE COMPLAINTS OF THE APPELLANTS AND DECIDE THE SAME IN ACCORDANCE WITH LAW. NO COSTS
|
| 74 |
|
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YOKE SECURITIES LTD.
(Member : NSE/BSE/OTC)
|
|
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ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI ACT, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
20-MAY-2009
|
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| 75 |
|
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ZEBU SHARE & WEALTH MANAGEMENTS PVT.LTD.
(PAN:AALCA8580D)
(Member : MCX)
|
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DID NOT DEPLOY ADEQUATE MECHANISM TO GET TIMELY ALERTS ON CAPACITY UTILIZATION OF SYSTEMS WHEN IT GOES BEYOND 70% OF INSTALLED CAPACITY
DID NOT CONDUCT TESTING OF SOFTWARE, UPDATES AND CHANGES PRIOR TO DEPLOYMENT IN THE PRODUCTION
DID NOT HAVE INCIDENT AND RESPONSE TEAM/ CRISIS MANAGEMENT TEAM
DID NOT IDENTIFY AND CLASSIFY CRITICAL ASSETS BASED ON THEIR SENSITIVITY AND CRITICALITY FOR BUSINESS OPERATIONS, SERVICES AND DATA MANAGEMENT
DID NOT CONDUCT VULNERABILITY ASSESSMENT AND PENETRATION TEST (VAPT) OF ALL THE CRITICAL ASSETS AND INFRASTRUCTURE
DID NOT ESTABLISH APPROPRIATE MONITORING SYSTEMS AND PROCESSES TO FACILITATE CONTINUOUS MONITORING OF SECURITY EVENTS AND ALERTS/TIMELY DETECTION OF UNAUTHORIZED OR MALICIOUS ACTIVITIES
DID NOT PROVIDE LIST OF USERS WHO WERE GRANTED ACCESS TO CRITICAL SERVERS, PURPOSES AND PERIOD FOR WHICH ACCESS WAS GRANTED
DID NOT MAINTAIN LOGS OF SERVERS AND FIREWALLS
DID NOT INSTRUCT VENDORS TO ADHERE TO APPLICABLE GUIDELINES IN CYBER SECURITY AND CYBER RESILIENCE POLICY AND DID NOT OBTAIN NECESSARY SELF-CERTIFICATIONS FROM THEM TO ENSURE COMPLIANCE WITH POLICY GUIDELINES
|
IMPOSED PENALTY RS.5,00,000
08-AUG-2025
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| 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 4 of 4
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