| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
(PAN:AAACC6233A)
|
|
|
FACILITATED OPENING OF LARGE NUMBER OF AFFERENT ACCOUNTS
GENERATED AND DISTRIBUTED BENEFICIAL OWNER’S IDS IN ADVANCE WITHOUT PROPER VERIFICATION AND SCRUTINY OF KYC DOCUMENTS
DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS
DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS
|
IMPOSED PENALTY RS.3,00,00,000
27-APR-2007
|
SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS
|
| 2 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
(PAN:AAACC6233A)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE OPENING DEMAT ACCOUNTS
|
DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES
25-APR-2007
|
|
| 3 |
|
|
CENTRAL DEPOSITORY SERVICES (INDIA) LTD.
(PAN:AAACC6233A)
|
|
|
DID NOT EXERCISE OVERSIGHT OVER THEIR DEPOSITORY PARTICIPANTS
|
DIRECTED PROMOTERS OF CDSL TO TAKE APPROPRIATE ACTION INCLUDING REVAMPING OF MANAGEMENT
27-APR-2006
DIRECTED TO DISGORGE RS.12,89,76,079
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.12,89,76,078.83 (SEVERALLY) AND RS.25,79,52,157.65 (JOINTLY WITH KARVY STOCK BROKING PVT.LTD. AND PRATIK STOCK VISION PVT.LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 21/11/2006 SET ASIDE WITH NO ORDER AS TO COSTS
AS SAT HAS BEEN ALREADY SET ASIDE SEBI ADJUDICATION ORDER, MATTER DISPOSED OFF, VIDE ORDER DATED 01/12/2009
|
| 4 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
(PAN:AADCN9802F)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE OPENING DEMAT ACCOUNTS
|
DIRECTED DEPOSITORIES NOT TO GIVE EFFECT TO ANY TRANSFER OF SHARES
25-APR-2007
|
|
| 5 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
(PAN:AADCN9802F)
|
|
|
FACILITATED OPENING OF LARGE NUMBER OF FICTITIOUS ACCOUNTS
DID NOT VERIFY INFRASTRUCTURE FACILITIES OF DEPOSITORY PARTICIPANTS
DID NOT NOTICE UNAUTHORISED OUTSOURCING BY DEPOSITORY PARTICIPANTS
DID NOT MAINTAIN DATA INTEGRITY
DID NOT PUT IN PLACE ADEQUATE MECHANISMS FOR PURPOSE OF REVIEWING, MONITORING AND EVALUATING CONTROLS, SYSTEMS, PROCEDURES AND SAFEGUARDS
DID NOT TAKE APPROPRIATE ACTION AGAINST DEPOSITORY PARTICIPANTS FOR VARIOUS IRREGULARITIES REPEATEDLY COMMITTED BY THEM
DID NOT ADHERE TO DIRECTIVES ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,00,000
27-APR-2007
|
SAT: IMPUGNED ORDER SET ASIDE,PARTIES TO BEAR THEIR OWN COSTS
|
| 6 |
|
|
NATIONAL SECURITIES DEPOSITORY LTD.
(PAN:AADCN9802F)
|
|
|
DID NOT EXERCISE OVERSIGHT OVER THEIR DEPOSITORY PARTICIPANTS
|
DIRECTED PROMOTERS OF NSDL TO TAKE APPROPRIATE ACTION INCLUDING REVAMPING OF MANAGEMENT
27-APR-2006
DIRECTED TO DISGORGE RS.45,01,09,226
21-NOV-2006
|
DIRECTED TO DISGORGE AN AMOUNT OF RS.45,01,09,225.90 (SEVERALLY) AND RS.90,02,18,451.80 (JOINTLY WITH IDBI BANK LTD., JHAVERI SECURITIES PVT. LTD., KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD., HDFC BANK LTD., KARVY STOCK BROKING LTD., ING VYSYA BANK LTD. AND PRAVIN RATILAL SHARE & STOCK BROKERS LTD.) WITHIN SIX MONTHS FROM THE DATE OF THIS ORDER
SAT: ORDER STAYED
SAT: IMPUGNED ORDER DATED 21/11/2006 SET ASIDE,NO ORDER AS TO COSTS
SAT: DIRECTED SEBI TO CONCLUDE INVESTIGATIONS WITH NO ORDER TO COSTS
AD-INTERIM EX-PARTE ORDER CUM SCN DATED 27/04/2006 DISPOSED OFF, VIDE ORDER DATED 02/02/2010
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
