| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 881 |
|
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
|
|
| 882 |
|
|
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
|
|
| 883 |
|
|
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
|
| 884 |
|
|
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
|
|
| 885 |
|
|
SYKES & RAY EQUITIES (INDIA) LTD.
(PAN:AAECS5168A)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
TRANSFERRED SECURITIES BELONGING TO CLIENTS TO BROKERS OWN ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.5,50,000
27-MAY-2022
|
|
| 886 |
|
|
SYSTEMATIX SHARES & STOCKS (INDIA) LTD.
(PAN:AAECS8827N)
(Depository Participants : CDSL,Member : BSE/NSE/MSEI)
|
|
|
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.15,00,000
20-DEC-2017
|
SAT: SAT VIDE ITS ORDER DATED 28/06/2018 DISPOSED OFF THE APPEAL. GRANTED APPROVAL UNDER REGULATION 16(2) OF THE SEBI (SETTLEMENT OF ADMINISTRATIVE AND CIVIL PROCEEDINGS) REGULATION, 2014 FOR SETTLEMENT OF THE PROCEEDINGS. NO COSTS
|
| 887 |
|
|
SYSTEMATIX SHARES & STOCKS (INDIA) LTD.
(PAN:AAECS8827N)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF OREGON COMMERCIAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF OREGON COMMERCIAL LTD.
|
IMPOSED PENALTY RS.3,00,000
07-DEC-2011
|
SAT: SAT VIDE ITS ORDER DATED 23/04/2012 REDUCED THE PENALTY AMOUNT TO RS.2 LACS FROM RS.3 LACS. NO COSTS
|
| 888 |
|
|
T.H.VAKIL SHARES & SECURITIES PVT.LTD.
(PAN:AABCT3010D)
(Member : BSE)
|
|
|
SUBMITTED FALSE CONTRACT NOTES IN MATTER OF FAST TRACK ENTERTAINMENT LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH OFF-MARKET TRANSACTIONS IN SCRIP OF FAST TRACK ENTERTAINMENT LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH 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 FAST TRACK ENTERTAINMENT LTD.
|
IMPOSED PENALTY RS.2,00,000
22-DEC-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 889 |
|
|
T.H.VAKIL SHARES & SECURITIES PVT.LTD.
(PAN:AABCT3010D)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF ELTROL LTD.
|
IMPOSED PENALTY RS.4,00,000
23-SEP-2010
|
SEBI VIDE ITS NOTICE DATED 21/12/2017 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
|
| 890 |
|
|
T.H.VAKIL SHARES & SECURITIES PVT.LTD.
(PAN:AABCT3010D)
(Member : BSE)
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED TO PROVIDE INFORMATION AND TO APPEAR IN PERSON IN MATTER OF FAST TRACK ENTERTAINMANT LTD.
|
IMPOSED PENALTY RS.5,00,000
22-DEC-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 891 |
|
|
TANDON & CO.
(Member : LSE,Sub-Broker of LSE SECURITIES LTD., Member : BSE)
|
|
|
|
PRIYA TANDON
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES ISSUED BY SEBI
|
IMPOSED PENALTY RS.75,000
14-NOV-2007
|
|
| 892 |
|
|
TECHNO SHARES & STOCKS PVT.LTD.
(PAN:AAACT4464G)
(Member : BSE/NSE)
|
|
|
AIDED AND ABETTED CLIENTS IN CREATION OF ARTIFICIAL VOLUME THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF VALECHA ENGINEERING LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) AND A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF VALECHA ENGINEERING LTD.
|
IMPOSED PENALTY RS.7,00,000
02-JAN-2015
|
|
| 893 |
|
|
TEES & TOES FINANCE & INVESTMENTS LTD.
(Member : NSE)
|
|
|
|
ANIL KISHORE
|
|
|
ARUN KISHORE
|
|
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT ADHERE TO ALBM OPERATIONAL DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.40,000
02-NOV-2004
|
|
| 894 |
|
|
THAR SHARE BROKERS PVT.LTD.
(PAN:AACCT0147Q)
(Member : NSE)
|
|
|
DID NOT FIX SYSTEM OF MAINTAINING ENTRY AND EXIT LOG FOR ITS EMPLOYEE IN OFFICE
ALLOWED MR.ASHISH SARDA TO PUNCH ORDERS USING LOGIN ID OF ANOTHER REGISTERED DEALER WHEN MR.ASHISH SARDA WAS NOT EVEN REGISTERED DEALER OF THE NOTICEE
MR.ASHISH SARDA PUNCHED ORDERS FOR ALL THREE BIG CLIENTS ON INSTRUCTIONS OF MR.AJAY GANGWAL BUT THE NOTICE HAS NOT BEEN ABLE TO PRODUCE ANY FORMAL APPOINTMENT LETTER IN HIS NAME
DID NOT HAVE ANY WRITTEN DOWN POLICY/CODE OF CONDUCT TO BE FOLLOWED BY DEALERS
ALLOWED DEALERS TO USE PHONES SINCE MR.AJAY GANGWAL USED TO GIVE ORDERS ON PHONES
|
IMPOSED PENALTY RS.25,00,000
28-NOV-2024
|
SAT: SAT VIDE ITS ORDER DATED 05/02/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO BE FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER SUBJECT TO DEPOSIT OF RS.7.5 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 08/05/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 895 |
|
|
TODI SECURITIES PVT.LTD.
(PAN:AABCT4191R)
(Member : USEIL)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN CURRENCY DERIVATIVES SEGMENT
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.12,00,000
29-APR-2015
|
SAT: SAT VIDE ITS ORDER DATED 10/02/2017 QUASHED AND SET ASIDED IMPUGNED ORDER AND REMANDED TO SEBI TO PASS FRESH ORDER ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS
SEBI VIDE ITS ORDER DATED 28/05/2021 REDUCED PENALTY TO RS.10 LAC FROM RS.1 CRORE U/S 15HA AND RS.2 LAC FROM RS.10 LAC U/S 15HB OF SEBI ACT.
|
| 896 |
|
|
TODI SECURITIES PVT.LTD.
(PAN:AABCT4191R)
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF JUBILANT ORGANOSYS LTD.
|
IMPOSED PENALTY RS.2,00,000
31-JUL-2008
|
|
| 897 |
|
|
TOSHITH SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
IMPOSED PENALTY RS.50,000
28-FEB-2011
|
|
| 898 |
|
|
TOWER RESEARCH CAPITAL MARKETS INDIA PVT.LTD.
(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
|
IMPOSED PENALTY RS.3,00,000
19-OCT-2022
|
SAT: SAT VIDE ITS ORDER DATED 20/02/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 20/07/2023 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 06/11/2023 CONDONED THE DELAY IN FILING OF APPEAL AND REPLY IS TAKEN ON RECORD
SAT: SAT VIDE ITS ORDER DATED 15/12/2023 CONDONED THE DELAY IN FILING OF APPEAL. REPLY TAKEN ON RECORD
SAT: SAT VIDE ITS ORDER DATED 13/09/2024 DISMISSED THE APPEAL. NO COSTS
|
| 899 |
|
|
TRADEBULLS SECURITIES PVT.LTD.
(PAN:AADCT2020P)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
|
IMPOSED PENALTY RS.4,00,000
05-MAR-2021
|
|
| 900 |
|
|
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 45 of 48
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