| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.G.SHARES & SECURITIES LTD.
(PAN:AAACA7646M)
(Member : NSE)
|
|
|
INDULGED IN UNAUTHORISED TRADES VIOLATING REGULATION 9 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 PIPAPAV DEFENCE & OFFSHORE ENGINEERING LTD., PARSVNATH DEVELOPERS LTD., TULIP TELECOM LTD. AND GLODYNE TECHNOSERVE LTD.
INDULGED IN UNAUTHORISED TRADES VIOLATING REGULATIONS 4(1) AND 4(2)(M) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF PIPAPAV DEFENCE & OFFSHORE ENGINEERING LTD., PARSVNATH DEVELOPERS LTD., TULIP TELECOM LTD. AND GLODYNE TECHNOSERVE LTD.
|
IMPOSED PENALTY RS.3,00,000
29-DEC-2020
|
|
| 2 |
|
|
AADYA COMMODITIES PVT.LTD.
(PAN:AAHCA2094C)
(Member : MCX)
|
|
|
DID NOT SUBMIT INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED PLEDGING OF CLIENT’S SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
FALSIFIED TRIAL BALANCE, BANK BOOKS AND CONCEALED THE INFORMATION RELATED TO PLEDGING OF SECURITIES, CASH WITHDRAWAL AND FUND MOVEMENT RELATED TO ENTITIES VIOLATING SECTIONS 12(A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2) (P) OF SEBI (PFUTP) REGULATIONS, 2003
|
IMPOSED PENALTY RS.1,25,00,000
28-APR-2022
|
|
| 3 |
|
|
ADITYA BIRLA MONEY LTD.
(PAN:AAACA7472K)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
CARRIED OUT PORTFOLIO MANAGEMENT SERVICES (PMS) WITHOUT ENTERING INTO AGREEMENT WITH THE CLIENTS
MISLED CLIENTS BY UNDERSTATING LOSSES AND OVERSTATING PROFITS
LOSSES COVERED BY PREMIUM ON SALE OF OPTIONS AND SHOWN ONLY AT LATER STAGES
CHARGED DELAYED PAYMENT AND LATE PAY-IN CHARGES
DID NOT HAVE ADEQUATE SYSTEMS AND INTERNAL CONTROLS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM
TRANSFERRED SECURITIES WORTH RS.5,41,502.76 FROM CLIENT DEMAT TO PRO
ACCOUNT
DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES
DID NOT ENABLE SMS ALERT FACILITY FLAG IN DEPOSITORY PARTICIPANT MODULE
ACTIVATED POWER OF ATTORNEY WITHOUT OBTAINING MOBILE NUMBER FROM CLIENT
|
IMPOSED PENALTY RS.1,02,00,000
04-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 06/12/2021 DISPOSED OF THE STAY APPLICATION AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. FURTHER, DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/12/2021 DISPOSED OFF THE MATTER AND DIRECTED AO TO CONSIDER THE OBJECTIONS RAISED BY APPELLANT AT THE TIME WHEN THE MATTER FINALLY DECIDED
SAT: SAT VIDE ITS ORDER DATED 10/03/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 10/03/2022ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| 4 |
|
|
ADROIT FINANCIAL SERVICES PVT.LTD.
(PAN:AABCA1156D)
(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
CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 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.6,00,000
16-FEB-2022
|
SAT: SAT VIDE ITS ORDER DATED 07/07/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 11/08/2022 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/12/2022 CONDONED THE DELAY IN FILING OF APPEAL
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 24/04/2024 ALLOWED NSE THREE WEEKS TO FILE REPLY AND APPELLANTS TO FILE REJOINDER THREE WEEKS THEREAFTER. DIRECTED APPELLANTS TO DEPOSIT 100% PENALTY AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IF AMOUNT DEPOSITED, NO FURTHER COERCIVE ACTION WILL BE TAKEN BY RESPONDENT
SAT: SAT VIDE ITS ORDER DATED 24/06/2024 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER, IF ANY, TO BE FILED TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 13/08/2024 GRANTED RESPONDENT TWO WEEKS TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 30/01/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 30/07/2025 GRANTED THREE WEEKS TO FILE REJOINDER
|
| 5 |
|
|
ADVENT STOCK BROKING PVT.LTD.
(PAN:AAFCA5410Q)
(Member : BSE/NSE)
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY NSE THEREBY DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE VIOLATING CLAUSES A(2) AND A(5) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF NSE CO-LOCATION FACILITY
CONNECTED TO SECONDARY SERVER WHICH WAS MEANT TO BE USED FOR IN CASE OF NON-AVAILABILITY OF DATA FROM TBT PRIMARY SOURCE, REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION
|
IMPOSED PENALTY RS.6,00,000
22-SEP-2020
|
|
| 6 |
|
|
AMRAPALI AADYA TRADING & INVESTMENT PVT.LTD.
(PAN:AAECA3909P)
(Depository Participants : CDSL,Member : NSE/BSE/MCX/MSEI)
|
|
|
DID NOT SUBMIT INFORMATION/DOCUMENTS SOUGHT VIDE SUMMON
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED PLEDGING OF CLIENT’S SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
FALSIFIED TRIAL BALANCE, BANK BOOKS AND CONCEALED THE INFORMATION RELATED TO PLEDGING OF SECURITIES, CASH WITHDRAWAL AND FUND MOVEMENT RELATED TO ENTITIES VIOLATING SECTIONS 12(A) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2) (P) OF SEBI (PFUTP) REGULATIONS, 2003
|
IMPOSED PENALTY RS.2,25,00,000
28-APR-2022
|
SEBI VIDE ITS NOTICE DATED 29/05/2024 DIRECTED TO PAY RS.2,83,51,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 7 |
|
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE TO ENSURE FAIRNESS AND EXERCISE DUE DILIGENCE BY NOT KEEPING TRANSPARENCY AND CREDIBLE RECORDS OF DULY AUTHORIZED PERSON OF MEHRANGARH FINANCIAL ADVISORS PVT.LTD. WITH RESPECT TO PLACEMENT OF ORDERS TO THE APPLICANT FOR EXECUTING TRADES ON THE STOCK EXCHANGE PLATFORM IN MATTER OF KPIT TECHNOLOGIES LTD.
ALLEGED THAT APPLICANT REGISTERED THE EMAIL IDS OF EMPLOYEES ASSOCIATED WITH ITS OWN GROUP COMPANIES INSTEAD OF REGISTERING EMAIL ID OF THE CLIENT OR ITS DULY AUTHORIZED PERSON IN MATTER OF KPIT TECHNOLOGIES LTD.
ALLEGED OFF-MARKET TRANSFERS PROCESSED WITH DELIVERY INSTRUCTION SLIPS (DIS) DATED 03/03/2017 AND 01/03/2018, RELYING ON INSTRUCTIONS FROM AUTHORIZED SIGNATORY OF THE APPLICANT IN MATTER OF KPIT TECHNOLOGIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,20,000 VIDE CONSENT ORDER)
13-MAY-2025
|
|
| 8 |
|
|
ANUGRAH STOCK & BROKING PVT.LTD.
(PAN:AAACW2920N)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
|
PARESH MULJI KARIYA
PAN:AAEPK0469M
|
|
|
SADHANA PARESH KARIYA
PAN:AJHPK6018N
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN BOOKS OF ACCOUNT AND OTHER DOCUMENTS
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
PROMISED ASSURED RETURNS TO CLIENTS
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
INDULGED IN MANIPULATIVE, FRAUDULENT OR DECEPTIVE SCHEMES WHILE DEALING IN SECURITIES MARKET
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 28-FEB-2023 TO 27-FEB-2030
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-FEB-2023 TO 27-FEB-2030
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
IMPOSED PENALTY RS.4,00,00,000
28-FEB-2023
|
SAT: SAT VIDE ITS ORDER DATED 24/10/2024 GRANTED APPELLANTS FOUR WEEKS TO FILE REJOINDER
|
| 9 |
|
|
CPR CAPITAL SERVICES LTD.
(PAN:AAACC3235A)
(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
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS TO INVESTIGATING AUTHORITY OF SEBI
|
IMPOSED PENALTY RS.12,00,000
16-APR-2021
|
SEBI VIDE ITS NOTICE DATED 20/04/2022 DIRECTED TO PAY RS.13,57,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 10/05/2022 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
SEBI VIDE ITS ORDER DATED 20/05/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF CPR CAPITAL SERVICES LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| 10 |
|
|
GOLDENPI SECURITIES PVT.LTD.
(PAN:AAJCG9823H)
(Member : BSE/NSE)
|
|
|
|
ABHIJIT ROY
PAN:ADIPR6408A
|
|
|
NAVEEN SUBBARAO
PAN:AEGPN8437E
|
|
|
SAI PRASAD
PAN:FOHPS7030L
|
|
|
SAMIR BARAN PRATIHAR
PAN:ALOPP1307Q
|
|
|
VISHAL SHARMA
PAN:FWJPS6375E
|
|
DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES
ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES
ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE
PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.
SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS
|
IMPOSED PENALTY RS.2,50,000 ALONG WITH OTHER ENTITIES/PERSONS
31-JUL-2025
|
|
| 11 |
|
|
GOLDENPI SECURITIES PVT.LTD.
(PAN:AAJCG9823H)
(Member : BSE/NSE)
|
|
|
DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES
ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES
ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE
PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.
SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS
|
IMPOSED PENALTY RS.2,00,000
31-JUL-2025
|
|
| 12 |
|
|
IKAB SECURITIES & INVESTMENT LTD.
(CIN:L17100MH1991PLC059848)
(Member : BSE)
|
|
|
INDULGED IN FRONT RUNNING ACTIVITIES IN HDFC GROUP'S TRADES AND MADE UNLAWFUL GAINS VIOLATING SECTION 12A(A) TO (C) READ WITH REGULATIONS 3(A) TO (D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND FACILITATING FRAUDULENT FRONT RUNNING TRADES VIOLATING REGULATION 7 READ WITH CLAUSE A OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF HDFC GROUP'S TRADES
|
IMPOSED PENALTY RS.60,00,000
30-JUL-2020
|
SAT: SAT VIDE ITS ORDER DATED 17/06/2022 ALLOWED THE APPEAL AND QUASHED THE IMPUGNED ORDER DATED 30/07/2020
|
| 13 |
|
|
KASSA FINVEST PVT.LTD.
(CIN:U74899DL1994PTC060668
PAN:AAACK1206B)
(Member : NSE/BSE/MSEI/OTC)
|
|
|
|
ANJANA KUMAR
PAN:AHOPK6281C
|
|
|
ASHOK KUMAR
DIN:00405986
PAN:AAFPK7362N
|
|
|
NEEKITA SHANKAR
PAN:AADPB9990K
|
|
|
SIDDHARTH SHANKAR
PAN:AAMPS8754R
|
|
|
UMASHANKAR SHARAN SHRIVASTAV
PAN:AGKPS7923C
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
COMMITTED IRREGULARITIES IN DEALING IN CASH WITH CLIENTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT RETURN CLIENTS SECURITIES
INDULGED IN BUSINESS ACTIVITIES OTHER THAN BROKING I.E.PROVIDING ASSURED RETURNS TO CLIENTS/INVESTORS VIOLATING RULES 8(1)(F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
ENGAGED IN EXECUTING TRADES ON BEHALF OF ITS CLIENTS VIOLATING SECTIONS 12A(B) TO (C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) & 4(2)(M) OF PFUTP REGULATIONS, 2003 IN MATTER OF KASSA FINVEST PVT.LTD.
|
IMPOSED PENALTY RS.4,50,00,000 ALONG WITH OTHER ENTITIES/PERSONS
24-FEB-2021
|
SEBI VIDE ITS NOTICE DATED 21/06/2022 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 ORDER DATED 04/08/2022 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF KASSA FINVEST PVT.LTD., MR.ASHOK KUMAR, MR.UMASHANKAR SHARAN SRIVASTAVA, MS.ANJANA KUMAR, MR.SIDDHARTH SHANKAR AND MS.NIKITA SHANKAR TO SEBI BY WAY OF EFT/NEFT/RTGS
|
| 14 |
|
|
KRIPA SECURITIES PVT.LTD.
(PAN:AACCK2399D)
(Member : BSE)
|
|
|
DID NOT IDENTIFY AND GENERATE ALERTS IN REVERSAL OF TRADE TRANSACTIONS VIOLATING CLAUSE A(2) OF CODE OF CONDUCT FOR STOCK BROKERS UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKER) REGULATIONS, 1992 IN ILLIQUID STOCK OPTIONS AT BSE
CONTINUED TO ENABLE ITS CLIENTS IN EXECUTION OF FRAUDULENT TRANSACTIONS ON STOCK EXCHANGES VIOLATING SECTIONS 12A(A) TO 12A(C) OF SEBI ACT, 1992 READ WITH REGULATIONS 3(A) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN ILLIQUID STOCK OPTIONS AT BSE
|
IMPOSED PENALTY RS.7,00,000
12-MAY-2023
|
SEBI VIDE ITS NOTICE DATED 30/08/2023 DIRECTED TO PAY RS.7,29,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 11/09/2024 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 03/02/2025 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 11/09/2024
SEBI VIDE ITS NOTICE DATED 03/02/2025 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.7102 OF 2023 DATED 30/08/2023
|
| 15 |
|
|
MADHAV STOCK VISION PVT.LTD.
(PAN:AABCM8845M)
(Member : NSE)
|
|
|
|
AJAY SAMPATRAJ JAIN
PAN:AABPJ0451D
|
|
|
JYOTISWAROOP NANDKISHORE PUROHIT
PAN:AGPPP6277R
|
|
|
PANKIT BHAGWATI JHAVERI
PAN:ADMPJ9270G
|
|
|
RAJESH BHAGWATI JHAVERI
PAN:ADTPJ3856F
|
|
|
RAJKUMAR PRABHU DAMANI
PAN:AECPD9155K
|
|
INDULGED IN FRONT RUNNING THE TRADES OF BIG CLIENTS VIOLATING SECTIONS 12A(A) TO 12A(C) AND 12A(E) OF SEBI ACT, 1992 AND REGULATIONS 3(A) TO 3(D), 4(1) AND 4(2)(Q) OF SEBI (PFUTP) REGULATIONS, 2003
|
RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES EITHER DIRECTLY OR INDIRECTLY IN PROPRIETARY ACCOUNT FROM 23-APR-2025 UNTIL FURTHER ORDERS
DIRECTED TO IMPOUND UNLAWFUL GAIN RS.2,72,82,732 ALONG WITH OTHER ENTITIES/PERSONS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 23-APR-2025 UNTIL FURTHER ORDERS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY
DIRECTED DEPOSITORIES THAT NO DEBIT TO BE MADE WITHOUT PERMISSION OF SEBI
DIRECTED BANKS AND/OR DEPOSITORIES AND/OR CUSTODIANS TO ENSURE STRICT ENFORCEMENT OF DIRECTIONS
ALLOWED BANKS TO DEBIT FOR THE PURPOSE OF COMPLYING WITH THIS ORDER
DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY OF THEIR ASSETS / PROPERTIES / SECURITIES, TILL SUCH TIME UNLAWFUL GAINS ARE CREDITED TO ESCROW ACCOUNT
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
23-APR-2025
|
|
| 16 |
|
|
OPG SECURITIES PVT.LTD.
(PAN:AAACO1081C)
(Member : NSE)
|
|
|
|
OM PRAKASH GUPTA
PAN:AAHPG3048B
|
|
|
SANGEETA GUPTA
PAN:AAHPG6984C
|
|
|
SANJAY GUPTA
|
|
GAINED ADVANTAGE BY CONSISTENTLY LOGGED IN FIRST ACROSS POP SERVERS ON ACCOUNT OF BEING AWARE OF THE WEAKNESS OF THE TCP/IP TBT SYSTEM ARCHITECTURE
TRIED TO CROWD OUT OTHER TRADING MEMBERS FROM TCP/IP TBT SYSTEM PLATFORM
|
IMPOSED PENALTY RS.5,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
11-FEB-2021
|
SAT: SAT VIDE ITS ORDER DATED 12/07/2023 PARTLY ALLOWED THE APPEAL BY SETTING ASIDE IMPUGNED ORDER DATED 11/02/2022. MATTER REMIT TO AO TO DECIDE QUANTUM OF PENALTY AFRESH
SEBI VIDE ITS ORDER DATED 02/04/2025 RE-IMPOSED PENALTY OF RS.5 CRORE U/S 15HA OF SEBI ACT. JOINTLY AND SEVERALLY
SEBI VIDE ITS NOTICE DATED 09/06/2025 DIRECTED TO PAY RS.5,15,01,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 17 |
|
|
OPG SECURITIES PVT.LTD.
(PAN:AAACO1081C)
(Member : NSE)
|
|
|
|
AMAN KOKRADY
PAN:AKQPK3220N
|
|
|
OM PRAKASH GUPTA
PAN:AAHPG3048B
|
|
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SANGEETA GUPTA
PAN:AAHPG6984C
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GAINED ADVANTAGE BY CONSISTENTLY LOGGED IN FIRST ACROSS POP SERVERS ON ACCOUNT OF BEING AWARE OF THE WEAKNESS OF THE TCP/IP TBT SYSTEM ARCHITECTURE
TRIED TO CROWD OUT OTHER TRADING MEMBERS FROM TCP/IP TBT SYSTEM PLATFORM
GAINED UNFAIR ACCESS AND ADVANTAGE BY CONSISTENTLY LOGGING INTO SECONDARY POP SERVER FOR LARGE NUMBER OF DAYS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF OPG SECURITIES LTD.
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 30-APR-2019 TO 29-APR-2024
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 30-APR-2019 TO 29-APR-2024
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
DIRECTED TO DISGORGE RS.77,75,46,000 ALONG WITH OTHER ENTITIES/PERSONS
30-APR-2019
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SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED OPG SECURITIES PVT.LTD. AND ITS DIRECTORS TO CLOSE OPEN POSITIONS IN FUTURES AND OPTIONS AND CURRENCY DERIVATIVES SEGMENTS OF OPG SECURITIES PVT.LTD. ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER
SAT: SAT: SAT VIDE ITS ORDER DATED 06/05/2019 DIRECTED APPELLANT TO DEPOSIT RS.7.50 CRORES ON OR BEFORE 20/05/2019
SAT: SAT VIDE ITS ORDER DATED 20/05/2019 MODIFIED ITS ORDER DATED 06/05/2019 TO THE EXTENT THAT APPELLANTS MAY DEPOSIT RS.7.50 CRORES IN CASH OR IN THE FORM OF BANK GUARANTEE FROM NATIONALIZED BANK ON OR BEFORE 30/05/2019
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE DIRECTIONS TO DISGORGE RS.15.57 CRORE ALONG WITH INTEREST @12% P.A. FROM 07/04/2014 ONWARDS AND MATTER REMITTED TO WTM TO DECIDE THE QUANTUM OF DISGORGEMENT AFRESH WITHIN FOUR MONTHS FROM DATE OF THIS ORDER. IN ADDITION DIRECTED WTM TO CONSIDER THE CHARGE OF CONNIVANCE AND COLLUSION OF OPG SECURITIES LTD. AND ITS DIRECTORS WITH ANY EMPLOYEE/OFFICIALS OF NSE.
SAT: SAT VIDE ITS ORDER DATED 09/06/2023 ALLOWED THE APPLICATION AND DIRECTED WTM TO DECIDE THE MATTER AS PER SAT ORDER DATED 23/01/2023 WITHIN SIX MONTHS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/12/2023 DIRECTED RESPONDENT FURTHER FOUR MONTHS TO COMPLETE PROCEEDINGS
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 ALLOWED RESPONDENT ONE WEEK TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 26/02/2024 ALLOWED APPELLANT FIVE DAYS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/03/2024 DIRECTED SEBI TO GIVE FINAL OPPORTUNITY OF INSPECTION OF DOCUMENTS AND CROSS-EXAMINATION OF WITNESSES TO APPELLANTS. DIRECTED APPELLANTS TO APPEAR BEFORE WTM ON 15/03/2024 ON WHICH DATE THE APPELLANTS WILL BE PROVIDED FINAL OPPORTUNITY OF CROSS-EXAMINATION AND INSPECTION
SAT: SAT VIDE ITS ORDER DATED 15/03/2024 ACCEPTED PRAYER OF THE APPLICANT AND SCHEDULE LAID DOWN IS MODIFIED AS A) CROSS-EXAMINATION OF ORIGINAL APPELLANTS/OPG SECURITIES PVT.LTD. MAY TAKE PLACE FOR THREE HOURS EACH DAY UPTO SEVEN DAYS ON ANY DAYS BETWEEN 09/04/2024 TO 22/04/2024 B) FINAL HEARING BEFORE WTM MAY TAKE PLACE BETWEEN 01/05/2024 TO 10/05/2024 C) SEBI GIVEN TIME UPTO 30/06/2024 TO COMPLETE PROCEEDINGS INITIATED PURSUANT TO THE DIRECTION OF THIS TRIBUNAL IN PARA 266(G) TO (I) OF ORDER DATED 23/01/2023 IN APPEAL NO.184 OF 2019
SAT: SAT VIDE ITS ORDER DATED 24/06/2024 DISMISSED THE APPEAL. DIRECTED SEBI TO GRANT TWO DAYS TO APPELLANT TO COMPLETE THE SUBMISSIONS WITHIN OUTER LIMIT OF TWO WEEKS FROM DATE OF THIS ORDER. GRANTED APPELLANTS TWO WEEKS AFTER CONCLUSION OF HEARING TO FILE THEIR WRITTEN SUBMISSION AND SEBI TO PASS FINAL ORDER WITHIN EIGHT WEEKS THEREFROM
SAT: SAT VIDE ITS ORDER DATED 12/09/2024 DISMISSED THE APPEAL. NO COSTS
SEBI VIDE ITS ORDER DATED 13/09/2024 A) COMPLIANCE WITH THE ORDERS PASSED BY HON’BLE SAT DATED 23/01/2023, 09/06/2023, 01/12/2023, 08/03/2024, 15/03/2024, 15/05/2024 AND 24/06/2024 A) DIRECTED TO DISGORGE RS.8,525.46 LAC JOINTLY AND SEVERALLY ALONG WITH INTEREST @12% P.A. FROM 22/05/2015 TILL THE DATE OF PAYMENT B) IN CASE NOTICE HAVE DEPOSITED RS.7.5 CRORE WITH SEBI IN COMPLIANCE WITH DIRECTIONS OF HON’BLE SAT, TOTAL AMOUNT PAYABLE (EXCLUDING INTEREST) BY NOTICEES WILL BE RS.7,775.46 LAC (RS.8,525.46 LAC – RS.750 LAC). INTEREST TO BE CHARGED ON RS.7.50 CRORE FROM 22/05/2015 TO DATE OF DEPOSIT MADE WITH SEBI AND INTEREST ON THE REMAINING AMOUNT OF RS.7,775.46 LACS TO BE CHARGED FROM 22/05/2015 TILL DATE OF ITS PAYMENT
SEBI VIDE ITS NOTICE DATED 18/02/2025 DIRECTED TO PAY RS.173,18,01,280.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 30/06/2025 DIRECTED APPELLANT TO DEPOSIT ANOTHER SUM OF RS.2.50 CRORES AND ORDERED THAT THERE SHALL BE STAY OF RECOVERY OF DISGORGEMENT AMOUNT SUBJECT TO DEPOSIT OF RS.2.50 CRORE WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 02/07/2025 DIRECETD IF THE COMPANY IN APPEAL NO.696 OF 2024 DEPOSITS THE AMOUNT AS DIRECTED , BENEFIT OF INTERIM ORDER ALSO EXTEND TO THE APPELLANTS HEREIN
SAT: SAT VIDE ITS ORDER DATED 24/07/2025 GRANTED APPELLANT SIX WEEKS TO SELL SHARES IN DEMAT ACCOUNT AND DEPOSIT THE AMOUNT
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OPG SECURITIES PVT.LTD.
(PAN:AAACO1081C)
(Member : NSE)
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GAINED ADVANTAGE BY CONSISTENTLY LOGGED IN FIRST ACROSS POP SERVERS ON ACCOUNT OF BEING AWARE OF THE WEAKNESS OF THE TCP/IP TBT SYSTEM ARCHITECTURE
TRIED TO CROWD OUT OTHER TRADING MEMBERS FROM TCP/IP TBT SYSTEM PLATFORM
GAINED UNFAIR ACCESS AND ADVANTAGE BY CONSISTENTLY LOGGING INTO SECONDARY POP SERVER FOR LARGE NUMBER OF DAYS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF OPG SECURITIES LTD.
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DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 30-APR-2019 TO 29-APR-2020
30-APR-2019
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SEBI VIDE ITS ORDER DATED 03/05/2019 ALLOWED OPG SECURITIES PVT.LTD. AND ITS DIRECTORS TO CLOSE OPEN POSITIONS IN FUTURES AND OPTIONS AND CURRENCY DERIVATIVES SEGMENTS OF OPG SECURITIES PVT.LTD. ON OR BEFORE EXPIRY DATE OF RESPECTIVE CONTRACTS OR WITHIN TWO MONTHS FROM 30/04/2019 WHICHEVER IS EARLIER
SAT: SAT VIDE ITS ORDER DATED 20/05/2019 MODIFIED ITS ORDER DATED 06/05/2019 TO THE EXTENT THAT APPELLANTS MAY DEPOSIT RS.7.50 CRORES IN CASH OR IN THE FORM OF BANK GUARANTEE FROM NATIONALIZED BANK ON OR BEFORE 30/05/2019
SAT: SAT VIDE ITS ORDER DATED 23/01/2023 PARTLY ALLOWED THE APPEAL AND SET ASIDE DIRECTIONS TO DISGORGE RS.15.57 CRORE ALONG WITH INTEREST @12% P.A. FROM 07/04/2014 ONWARDS AND MATTER REMITTED TO WTM TO DECIDE THE QUANTUM OF DISGORGEMENT AFRESH WITHIN FOUR MONTHS FROM DATE OF THIS ORDER. IN ADDITION DIRECTED WTM TO CONSIDER THE CHARGE OF CONNIVANCE AND COLLUSION OF OPG SECURITIES LTD. AND ITS DIRECTORS WITH ANY EMPLOYEE/OFFICIALS OF NSE.
SAT: SAT VIDE ITS ORDER DATED 09/06/2023 ALLOWED THE APPLICATION AND DIRECTED WTM TO DECIDE THE MATTER AS PER SAT ORDER DATED 23/01/2023 WITHIN SIX MONTHS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 01/12/2023 DIRECTED RESPONDENT FURTHER FOUR MONTHS TO COMPLETE PROCEEDINGS
SAT: SAT VIDE ITS ORDER DATED 14/02/2024 ALLOWED RESPONDENT ONE WEEK TO FILE REPLY
SAT: SAT VIDE ITS ORDER DATED 26/02/2024 ALLOWED APPELLANT FIVE DAYS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/03/2024 DIRECTED SEBI TO GIVE FINAL OPPORTUNITY OF INSPECTION OF DOCUMENTS AND CROSS-EXAMINATION OF WITNESSES TO APPELLANTS. DIRECTED APPELLANTS TO APPEAR BEFORE WTM ON 15/03/2024 ON WHICH DATE THE APPELLANTS WILL BE PROVIDED FINAL OPPORTUNITY OF CROSS-EXAMINATION AND INSPECTION
SAT: SAT VIDE ITS ORDER DATED 15/03/2024 ACCEPTED PRAYER OF THE APPLICANT AND SCHEDULE LAID DOWN IS MODIFIED AS A) CROSS-EXAMINATION OF ORIGINAL APPELLANTS/OPG SECURITIES PVT.LTD. MAY TAKE PLACE FOR THREE HOURS EACH DAY UPTO SEVEN DAYS ON ANY DAYS BETWEEN 09/04/2024 TO 22/04/2024 B) FINAL HEARING BEFORE WTM MAY TAKE PLACE BETWEEN 01/05/2024 TO 10/05/2024 C) SEBI GIVEN TIME UPTO 30/06/2024 TO COMPLETE PROCEEDINGS INITIATED PURSUANT TO THE DIRECTION OF THIS TRIBUNAL IN PARA 266(G) TO (I) OF ORDER DATED 23/01/2023 IN APPEAL NO.184 OF 2019
SAT: SAT VIDE ITS ORDER DATED 24/06/2024 DISMISSED THE APPEAL. DIRECTED SEBI TO GRANT TWO DAYS TO APPELLANT TO COMPLETE THE SUBMISSIONS WITHIN OUTER LIMIT OF TWO WEEKS FROM DATE OF THIS ORDER. GRANTED APPELLANTS TWO WEEKS AFTER CONCLUSION OF HEARING TO FILE THEIR WRITTEN SUBMISSION AND SEBI TO PASS FINAL ORDER WITHIN EIGHT WEEKS THEREFROM
SEBI VIDE ITS ORDER DATED 13/09/2024 A) COMPLIANCE WITH THE ORDERS PASSED BY HON’BLE SAT DATED 23/01/2023, 09/06/2023, 01/12/2023, 08/03/2024, 15/03/2024, 15/05/2024 AND 24/06/2024 A) DIRECTED TO DISGORGE RS.8,525.46 LAC JOINTLY AND SEVERALLY ALONG WITH INTEREST @12% P.A. FROM 22/05/2015 TILL THE DATE OF PAYMENT B) IN CASE NOTICE HAVE DEPOSITED RS.7.5 CRORE WITH SEBI IN COMPLIANCE WITH DIRECTIONS OF HON’BLE SAT, TOTAL AMOUNT PAYABLE (EXCLUDING INTEREST) BY NOTICEES WILL BE RS.7,775.46 LAC (RS.8,525.46 LAC – RS.750 LAC). INTEREST TO BE CHARGED ON RS.7.50 CRORE FROM 22/05/2015 TO DATE OF DEPOSIT MADE WITH SEBI AND INTEREST ON THE REMAINING AMOUNT OF RS.7,775.46 LACS TO BE CHARGED FROM 22/05/2015 TILL DATE OF ITS PAYMENT
SEBI VIDE ITS NOTICE DATED 18/02/2025 DIRECTED TO PAY RS.173,18,01,280.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 30/06/2025 DIRECTED APPELLANT TO DEPOSIT ANOTHER SUM OF RS.2.50 CRORES AND ORDERED THAT THERE SHALL BE STAY OF RECOVERY OF DISGORGEMENT AMOUNT SUBJECT TO DEPOSIT OF RS.2.50 CRORE WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 02/07/2025 DIRECETD IF THE COMPANY IN APPEAL NO.696 OF 2024 DEPOSITS THE AMOUNT AS DIRECTED , BENEFIT OF INTERIM ORDER ALSO EXTEND TO THE APPELLANTS HEREIN
SAT: SAT VIDE ITS ORDER DATED 24/07/2025 GRANTED APPELLANT SIX WEEKS TO SELL SHARES IN DEMAT ACCOUNT AND DEPOSIT THE AMOUNT
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P R B SECURITIES PVT.LTD.
(PAN:AABCP5425G)
(Member : NSE)
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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
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IMPOSED PENALTY RS.6,00,000
16-APR-2021
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PARWATI CAPITAL MARKET PVT.LTD.
(Member : NSE)
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CONNECTED TO SECONDARY SERVER REPEATEDLY WITHOUT VALID REASON VIOLATING REGULATIONS 4(1) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF NSE CO-LOCATION FACILITY
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
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IMPOSED PENALTY RS.6,00,000
30-AUG-2021
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