| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 861 |
|
SUNIDHI SECURITIES & FINANCE LTD.
(PAN:AADCS1657D)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE SECURITIES OF CLIENTS PROVIDED AS MARGIN
SUBMITTED RETENTION LETTER WITH DISCREPANCIES
OBTAINED PRE-DATED AUTHORIZATION LETTERS FROM CLIENTS
|
IMPOSED PENALTY RS.5,00,000
29-NOV-2019
|
|
| 862 |
|
|
SUNIL KUMAR KAYAN & CO.
(PAN:AGDPK5151F)
(Member : CSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.1,50,000
25-MAY-2021
|
|
| 863 |
|
|
SUNIL SHARES & STOCK BROKER LTD.
(PAN:AAFCS5114D)
(Member : MPSE)
|
|
|
ACTED IN CONCERT WITH BROKERS AND CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH CROSS DEALS BY MATCHING ORDER QUANTITY, PRICE AND TIMINGS OF BUY AND SELL TRANSACTIONS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
IMPOSED PENALTY RS.10,00,000
14-SEP-2006
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS ORDER DATED 16/07/2014 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 08/02/2024 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.30,81,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
|
| 864 |
|
|
SUNIL SHARES & STOCKS PVT.LTD.
(Member : MPSE)
|
|
|
ALLEGED NOT RESPONDING TO LETTERS/SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.2,00,000
30-APR-2008
|
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
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 865 |
|
|
SUNNESS CAPITAL INDIA PVT.LTD.
(PAN:AAOCS6977K)
(Member : BSE/NSE/MCX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT PROVIDE STATEMENTS OF ACCOUNTS IN RESPECT OF FUNDS OF ITS CLIENTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.3,00,000
06-FEB-2020
|
|
| 866 |
|
|
SURESH KUMAR SOMANI,M/S.
(Member : CSE)
|
|
|
|
SURESH KUMAR SOMANI
|
|
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.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH PROPRIETARY AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF AURANGABAD CRYOGENICS LTD.
|
IMPOSED PENALTY RS.2,50,000
21-MAY-2010
|
|
| 867 |
|
|
SURESH RATHI SECURITIES PVT.LTD.
(PAN:AABCS5554M)
(Member : NSE/BSE)
|
|
|
DID NOT DO AADHAR MASKING OF CLIENTS
DID NOT OBTAIN CORRECT RUNNING ACCOUNT AUTHORIZATION FROM CLIENTS
DID NOT PERFORM CLIENT DUE DILIGENCE TO IDENTIFY SOURCE OF FUNDS W.R.T. DISPROPORTIONATE TRADING ACTIVITIES WITH DECLARED INCOME OF CLIENTS
|
IMPOSED PENALTY RS.3,00,000
12-AUG-2024
|
|
| 868 |
|
|
SURESH RATHI SECURITIES PVT.LTD.
(PAN:AABCS5554M)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
20-DEC-2019
|
|
| 869 |
|
|
SUSHIL FINANCIAL SERVICES PVT.LTD.
(PAN:AAACS8454K)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED PLEDGING OF CLIENT’S SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.4,00,000
24-JUL-2020
|
|
| 870 |
|
|
SUSHIL FINANCIAL SERVICES PVT.LTD.
(PAN:AAACS8454K)
(Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
|
IMPOSED PENALTY RS.3,00,000
28-JUL-2020
|
|
| 871 |
|
|
SUSHIL FINANCIAL SERVICES PVT.LTD.
(PAN:AAACS8454K)
(Member : BSE)
|
|
|
ACCEPTED THIRD PARTY CHEQUES VIOLATING REGULATION 9 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 USHER AGRO LTD.
|
IMPOSED PENALTY RS.2,00,000
11-APR-2018
|
|
| 872 |
|
|
SUSHIL FINANCIAL SERVICES PVT.LTD.
(PAN:AAACS8454K)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT SEGREGATE SECURITIES CLIENT BANK ACCOUNT AND COMMODITIES CLIENT BANK ACCOUNT
DEFAULTED IN USING CREDIT FUND BALANCES OF CLIENTS FOR PURPOSES OTHER THAN SPECIFIED IN THE CIRCULARS
DID NOT INCORPORATE/MENTION THE WORD “CLIENT ACCOUNT” IN THE BANK ACCOUNT NAME
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.12,00,000
29-JAN-2016
|
SAT: SAT VIDE ITS ORDER DATED 06/11/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT RS.12 LACS FROM RS.24 LACS
|
| 873 |
|
|
SVARN FINANCIAL SERVICES PVT.LTD.
(PAN:AABCS0180R)
(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
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
IMPOSED PENALTY RS.15,00,000
29-MAY-2014
|
SAT: SAT VIDE ITS ORDER DATED 26/04/2016 DISMISSED THE APPEAL. NO COSTS
|
| 874 |
|
|
SW CAPITAL PVT.LTD.
(PAN:AAACS7189K)
(Member : NSE)
|
|
|
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
30-JAN-2020
|
|
| 875 |
|
|
SW CAPITAL PVT.LTD.
(PAN:AAACS7189K)
(Member : BSE)
|
|
|
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
30-JAN-2020
|
|
| 876 |
|
|
SWAN SECURITIES PVT.LTD.
(PAN:AAACS6741B)
(Member : NSE)
|
|
|
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.6,50,000
30-NOV-2017
|
SEBI VIDE ITS NOTICE DATED 10/07/2018 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 29/08/2018 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 10/07/2018
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 877 |
|
|
SWASTIKA COMMODITIES PVT.LTD.
(PAN:AACCS3050K)
(Member : MCX/NCDEX)
|
|
|
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
MADE INCORRECT RETENTION STATEMENT
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT UPDATE BANK ACCOUNTS DETAILS OF INDUSIND BANK TO STOCK EXCHANGE UNDER ENHANCED SUPERVISION CIRCULAR
|
IMPOSED PENALTY RS.7,00,000
10-MAR-2021
|
|
| 878 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
(Member : NSE/BSE)
|
|
|
DID NOT CARRY OUT MANADATORY QUARTERLY SETTLEMENT OF CLIENT'S ACCOUNT VIOLATING SEBI CIRCULAR NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009 READ WITH PROVISIONS OF CLAUSES 12(D) AND (E) OF CODE OF CONDUCT FOR STOCK BROKER IN SCHEDULE II UNDER REGUALTION 9 OF SEBI STOCK BROKERS AND SUB-BROKERS REGULATIONS, 1992
|
IMPOSED PENALTY RS.8,00,000
15-DEC-2017
|
|
| 879 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT RETENTION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DETAILS OF EMAIL ID AND MOBILE NUMBERS OF CLIENTS
MADE INCORRECT REPORTING OF CLIENTS LEDGER BALANCE
|
IMPOSED PENALTY RS.15,00,000
28-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 22/05/2023 DIRECTED TO PAY RS.15,46,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/06/2023 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 15/06/2023 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 13/06/2023
SAT: SAT VIDE ITS ORDER DATED 06/07/2023 CONDONED THE DELAY IN FILING OF APPEAL AND RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 11/09/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 20/10/2023 ALLOWED APPELLANT FURTHER THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 06/12/2023 REJOINDER TO BE FILED WITHIN THREE WEEKS FROM DATE OF THIS ORDER
|
| 880 |
|
|
SWASTIKA INVESTMART LTD.
(PAN:AABCS6585J)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
SUBMITTED INCORRECT INCREASED NET-WORTH TO STOCK EXCHANGE
CREATED MULTIPLE TERMINAL IDS IN SINGLE USER
|
IMPOSED PENALTY RS.10,00,000
31-MAR-2021
|
|
| 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 44 of 48
|
