| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF VERITAS (INDIA) LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF VERITAS (INDIA) LTD.
|
IMPOSED PENALTY RS.5,00,000
27-AUG-2014
|
SAT: SAT VIDE ITS ORDER DATED 27/02/2015 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 27/08/2014 AND REMANDED CASE BACK TO SEBI TO START FRESH ADJUDICATION PROCEEDINGS
|
| 102 |
|
|
ARCADIA SHARE & STOCK BROKERS PVT.LTD.
(PAN:AAACA4562G)
(Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND SELF TRADES IN SCRIP OF WELL PACK PAPERS & CONTAINERS 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(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF WELL PACK PAPERS & CONTAINERS LTD.
|
IMPOSED PENALTY RS.2,00,000
16-FEB-2015
|
|
| 103 |
|
|
ARHAM SHARE PVT.LTD.
(PAN:AAICA6860F)
(Member : NSE/BSE)
|
|
|
DID NOT OPERATE FROM THE LOCATION REPORTED BY NOTICEE TO EXCHANGES
ALLOWED TERMINAL TO UNAUTHORISED USERS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
PAID INCENTIVES TO CLIENTS IN CASH
DID NOT MAINTAIN PRE-ORDER CONFIRMATION FOR TRADES
|
IMPOSED PENALTY RS.7,00,000
20-FEB-2025
|
|
| 104 |
|
|
ARIHANT CAPITAL MARKETS LTD.
(PAN:AABCA6832G)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.6,00,000
17-JUL-2019
|
SAT: SAT VIDE ITS ORDER DATED 21/10/2021 DISMISSED THE APPEAL
|
| 105 |
|
|
ARIHANT CAPITAL MARKETS LTD.
(PAN:AABCA6832G)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF MORYO INDUSTRIES LTD.
|
IMPOSED PENALTY RS.5,00,000
29-MAY-2020
|
SAT: SAT VIDE ITS ORDER DATED 24/03/2021 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 11/05/2021 RECALLED ORDER DATED 01/03/2021 AND ALLOWED RESTORATION APPLICATION. DIRECTED APPELLANT TO FILE REJOINDER WITHIN A WEEK FROM DATE OF THIS ORDER
|
| 106 |
|
|
ARIHANT FINCAP LTD.
(Member : NSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT COLLECT MARGINS FROM CLIENTS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.1,00,000
13-JAN-2005
|
|
| 107 |
|
|
ARIHANT FUTURES & COMMODITIES LTD.
(PAN:AAECA8382Q)
(Member : MCX/NCDEX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.10,00,000
24-APR-2020
|
|
| 108 |
|
|
ARTHA VRDDHI SECURITIES LTD.
(PAN:AACCT1746K)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.7,00,000
30-APR-2020
|
SEBI VIDE ITS NOTICE DATED 24/07/2023 DIRECTED TO PAY RS.9,74,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 27/09/2023 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
|
| 109 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT RECONCILE RUNNING ACCOUNTS OF CLIENTS
RETAINED CLIENTS SECURITIES WITHOUT ADEQUATE REASON
|
IMPOSED PENALTY RS.8,00,000
25-JUN-2018
|
|
| 110 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.6,00,000
24-FEB-2021
|
|
| 111 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
DISCREPANCIES IN PROCESSING OF DIS, MODIFICATION, TRANSFERS & TRANSMISSIONS ACCOUNT CLOSURE
|
IMPOSED PENALTY RS.5,00,000
05-AUG-2021
|
|
| 112 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.50,000
28-OCT-2022
|
|
| 113 |
|
|
ASHISH STOCK BROKING PVT.LTD.
(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.
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
31-MAR-2010
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 114 |
|
|
ASHLAR SECURITIES PVT.LTD.
(PAN:AAHCA9621P)
(Member : BSE/NSE)
|
|
|
ASSOCIATED WITH A PLATFORM PROVIDING REFERENCES TO RETURNS/PERFORMANCE OF ALGORITHMIC TRADING STRATEGIES VIOLATING CLAUSE 4.2 OF SEBI CIRCULAR DATED 02/09/2022 AND CLAUSES A(2)AND A(5) OF SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF TRADE TRON AND OTHER ALGO PLATFORMS
|
IMPOSED PENALTY RS.1,00,000
25-MAR-2026
|
|
| 115 |
|
|
ASHOK KUMAR KAYAN,M/S
(PAN:ALKPK2298K)
(Member : CSE)
|
|
|
|
ASHOK KUMAR KAYAN
PAN:ALKPK2298K
|
|
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
DID NOT SPECIFY DATE WHILE FILLING UP DETAILS OR SIGNING IN ACCOUNT OPENING FORMS PROPERLY
DID NOT REPLACE CLIENT BROKER AGREEMENT WITH RIGHTS AND OBLIGATIONS DOCUMENTS
DID NOT CAPTURE INCOME DETAILS OF CLIENTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT ENSURE RUNNING ACCOUNT SETTLEMENT FORMS DULY FILLED UP BY CLIENT ALONG WITH SETTLEMENT PREFERENCES
|
IMPOSED PENALTY RS.3,50,000
19-MAY-2022
|
|
| 116 |
|
|
ASHOK KUMAR KAYAN,M/S
(PAN:ALKPK2298K)
(Member : CSE)
|
|
|
|
ASHOK KUMAR KAYAN
PAN:ALKPK2298K
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF BOLTON PROPERTIES 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 BOLTON PROPERTIES LTD.
|
IMPOSED PENALTY RS.3,00,000
07-JUN-2010
|
|
| 117 |
|
|
ASHOK KUMAR KAYAN,M/S
(PAN:ALKPK2298K)
(Member : CSE)
|
|
|
|
ASHOK KUMAR KAYAN
PAN:ALKPK2298K
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS-TRADES IN SCRIP OF G.K.CONSULTANTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO 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 G.K.CONSULTANTS LTD.
|
IMPOSED PENALTY RS.5,00,000
31-MAR-2011
|
|
| 118 |
|
|
ASHOK KUMAR KAYAN,M/S
(PAN:ALKPK2298K)
(Member : CSE)
|
|
|
|
ASHOK KUMAR KAYAN
PAN:ALKPK2298K
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.1,00,000
27-AUG-2020
|
|
| 119 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.7,00,000
30-DEC-2020
|
SAT: SAT VIDE ITS ORDER DATED 03/01/2023 DISMISSED THE APPEAL. NO COSTS
|
| 120 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MADE INCORRECT RETENTION STATEMENT
TRADING TERMINAL NOT OPERATED BY PERSON AS PER EXCHANGE RECORDS
TRADING TERMINALS NOT FOUND AT THE INSPECTION LOCATION
|
IMPOSED PENALTY RS.27,00,000
19-JAN-2021
|
SAT: SAT VIDE ITS ORDER DATED 10/05/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. MEANWHILE, IF THE APPELLANT DEPOSIT 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING THE PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 10/11/2021 DIRECTED TO FILE WRITTEN SUBMISSION WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 06/01/2023 DISMISSED THE APPEAL
|
| 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 6 of 48
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