| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 821 |
|
SIC STOCKS & SERVICES PVT.LTD.
(PAN:AAHCS8176P)
(Member : NSE/BSE/MSEI)
|
|
|
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
PASSED INCORRECT JOURNAL VOUCHERS IN CLIENT LEDGERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
DID NOT MAKE DISCLOSURE OF EXCHANGE LEVEL INTERNAL ALERTS GENERATED
DID NOT FURNISH CASH FLOW STATEMENTS
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.30,00,000
24-MAR-2023
|
SEBI VIDE ITS NOTICE DATED 04/07/2023 DIRECTED TO PAY RS.31,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 16/08/2023 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 12/09/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.32,11,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS ORDER DATED 20/01/2026 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, SOUTHERN REGIONAL OFFICE, CHENNAI D) DEFAULTERS AND INSPECTOR GENERAL OF REGISTRATION OF ALL THE STATES AND UNION TERRITORIES AND SPECIFICALLY TO THE CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS IN THE STATE OF KARNATAKA E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY THE DEFAULTER, INCLUDING THE SAID PROPERTIES, IF PRESENTED FOR REGISTRATION
SEBI VIDE ITS NOTICE DATED 18/05/2026 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 16/08/2023
SEBI VIDE ITS ORDER DATED 18/05/2026 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6745 OF 2023 DATED 04/07/2023
|
| 822 |
|
|
SIDDHARTHA & CO.
(Member : CSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.40,000
27-JUL-2010
|
|
| 823 |
|
|
SIKARIA SHARE & STOCK BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF STENLY CREDIT CAPITAL 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) IN MATTER OF STENLY CREDIT CAPITAL LTD.
|
IMPOSED PENALTY RS.2,50,000
01-JUN-2010
|
|
| 824 |
|
|
SIKARIA SHARE & STOCK BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SUDAMA TRADING & INVESTMENT 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 SUDAMA TRADING & INVESTMENT LTD.
|
IMPOSED PENALTY RS.5,00,000
14-DEC-2009
|
|
| 825 |
|
|
SIKARIA SHARE & STOCK BROKING SERVICES PVT.LTD.
(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.2,50,000
04-AUG-2010
|
|
| 826 |
|
|
SILVER STREAM EQUITIES PVT.LTD.
(CIN:142575
PAN:AADCK5877H)
(Member : NSE)
|
|
|
CONNECTED TO SECONDARY SERVER WITHOUT ANY SUFFICIENT REASON DURING INVESTIGATION PERIOD VIOLATING NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES READ WITH POINT 2(A) OF CHAPTER V OF NSE BYE-LAWS READ WITH CLAUSE A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE ACCESSING SECONDARY SERVER OF NSE COLOCATION IN LINE WITH INSTRUCTION OF NSE CO-LOCATION DIRECTIVES/INSTRUCTIONS/GUIDELINES VIOLATING CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY
|
IMPOSED PENALTY RS.6,00,000
16-FEB-2022
|
|
| 827 |
|
|
SINGHI FINLEASE PVT.LTD.
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
|
IMPOSED PENALTY RS.1,00,000
01-NOV-2004
|
|
| 828 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : NSE/BSE)
|
|
|
DID NOT FIND TRADING TERMINALS OF THE AUTHORIZED PERSONS AT THE LOCATIONS AS REPORTED TO THE STOCK EXCHANGE
|
IMPOSED PENALTY RS.2,00,000
19-MAY-2025
|
|
| 829 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.10,00,000
18-JUL-2019
|
|
| 830 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSES A(2) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ANUKARAN COMMERCIAL ENTERPRISES LTD.
|
IMPOSED PENALTY RS.1,00,000
10-MAR-2021
|
|
| 831 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
MADE FIXED PAYMENTS/RETURNS TO CLIENTS
DID NOT MONITOR BANK ACCOUNTS OF AUTHORISED PERSONS RECEIVING COMMISSION ON FIXED PAYOUTS MADE TO CLIENTS
DID NOT VERIFY PAYOUT REQUESTS ORIGINATING FROM CLIENTS THEMSELVES
DID NOT MAINTAIN EVIDENCE/PRE TRADE AUTHORIZATION/CONFIRMATION IN RESPECT OF ORDERS PLACED BY CLIENTS
|
IMPOSED PENALTY RS.1,00,000
01-OCT-2026
|
|
| 832 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
LOCATED CTCL TERMINALS OTHER THAN THE LOCATION DECLARED BY NOTICEE TO STOCK EXCHANGE
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO 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) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
21-AUG-2025
|
|
| 833 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : NSE/BSE/MCX/NCDEX)
|
|
|
DISCREPANCIES IN RESPECT TO MOBILE NUMBER IN UCC DETAILS UPDATED TO STOCK EXCHANGE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
USED CLIENT BANK ACCOUNTS FOR PAYMENT/ RECEIPTS TO/ FROM MULTIPLE AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.3,00,000
29-OCT-2024
|
|
| 834 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : NSE)
|
|
|
CONNECTED SECONDARY SERVER REPEATEDLY WITHOUT MAKING COMPLAINT TO NSE AND DESPITE REPRIMAND FROM NSE VIOLATING REGULATION 9 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKER) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000
25-SEP-2019
|
SAT: SAT VIDE ITS ORDER DATED 13/02/2026 DISMISSED THE APPEAL. NO COSTS
|
| 835 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : NSE/BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.50,000
29-JUL-2011
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 29/07/2011 SET ASIDE WITH NO ORDER AS TO COSTS.
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 29/07/2011 SET ASIDE WITH NO ORDER AS TO COSTS.
|
| 836 |
|
|
SMIFS LTD.
(PAN:AADCS7513E)
(Member : NSE/MCX/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DELAY IN FILING OF CASH TRANSACTIONS REPORT TO FIU
DID NOT PASS BENEFIT OF REDUCED TURNOVER FEE TO INVESTORS/CLIENTS
CHARGED EXCESS TURNOVER FEE FROM CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.10,00,000
28-FEB-2023
|
SAT: SAT VIDE ITS ORDER DATED 18/05/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED ON 21/06/2023. INTERIM RELIEF TO CONTINUE TILL FURTHER ORDERS
SAT: SAT VIDE ITS ORDER DATED 24/11/2023 ALLOWED EXEMPTION APPLICATION
SAT: SAT VIDE ITS ORDER DATED 07/05/2024 PERMITTED APPELLANT TO FILE REJOINDER WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 14/03/2024 ALLOWED EXTENSION OF FOUR MONTHS W.E.F.11/03/2024 FOR COMING OUT WITH A SCHEME UNDER SEBI (SETTLEMENT PROCEEDINGS) REGULATIONS, 2018 AS DIRECTED BY THIS TRIBUNAL VIDE ORDER DATED 12/12/2023
SAT: SAT VIDE ITS ORDER DATED 29/11/2023 STAYED THE EFFECT AND OPERATION IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 ALLOWED RESPONDENT ONE WEEK TO FILE SHORT REPLY ON APPELLANT’S PLEA FOR STAY. DIRECTED RESPONDENT NOT TO RECOVER ANY AMOUNT TILL NEXT DATE OF LISTING
|
| 837 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| 838 |
|
|
SONTHALIA & CO.
(Member : CSE)
|
|
|
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 AURANGABAD CRYOGENICS LTD.
AIDED AND ABETTED PROCESS OF PRICE MANIPULATION AND FRAUDULENT TRANSACTIONS IN SCRIP OF AURANGABAD CRYOGENICS LTD.
|
IMPOSED PENALTY RS.1,25,000
30-SEP-2009
|
|
| 839 |
|
|
SOSHA CREDIT PVT.LTD.
(PAN:AAECS2108L)
(Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
|
IMPOSED PENALTY RS.2,00,000
27-JUL-2018
|
|
| 840 |
|
|
SPFL SECURITIES LTD.
(PAN:AABCS2452C)
(Member : BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2019
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 42 of 48
|
