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Co-Sponsors

SOURCE OF INFORMATION : MSEI
PERIOD COVERED : 20-MAY-2010 TO 27-AUG-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: SUSPENDED FROM MEMBERSHIP

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person AIMCO FINEX LTD.  
  DID NOT CO-OPERATE WITH INSPECTION AUTHORITIES

DID NOT SUBMIT ANNUAL ACCOUNTS

DID NOT SUBMIT NET WORTH CERTIFICATES TO EXCHANGE

DID NOT SUBMIT INFORMATION OF CHANGE IN DIRECTORS AND THEIR CONTACT DETAILS  		SUSPENDED FROM MEMBERSHIP FROM 18-MAY-2015

18-AUG-2015
2 
History of entity/person CAMELLIA SECURITIES LTD.  
  DID NOT CO-OPERATE WITH INSPECTION AUTHORITIES

DID NOT SUBMIT ANNUAL ACCOUNTS

DID NOT SUBMIT NET WORTH CERTIFICATES TO EXCHANGE

DID NOT PRODUCE REQUIRED DOCUMENTS TO INSPECTION AUTHORITY  		SUSPENDED FROM MEMBERSHIP FROM 22-MAY-2016

22-MAY-2016
3 
History of entity/person CLARIS LIFESCIENCES LTD.  
  VIOLATED SEBI (DELISTING OF EQUITY SHARES) REGULATIONS 2009  SUSPENDED FROM MEMBERSHIP FROM 15-MAR-2018

09-MAR-2018
4 
History of entity/person KARVY STOCK BROKING LTD.  
  DID NOT ADHERE TO REGULATION 27 OF SEBI INTERMEDIARIES REGULATIONS AND SECTION 12(3) OF SEBI ACT, 1992  SUSPENDED FROM MEMBERSHIP FROM 30-NOV-2022

01-DEC-2022
5 
History of entity/person MAA PADMAWATI SHARE & STOCK BROKING PVT.LTD.  
  DID NOT CO-OPERATE WITH INSPECTION AUTHORITIES

DID NOT SUBMIT ANNUAL ACCOUNTS

DID NOT SUBMIT NET WORTH CERTIFICATES TO EXCHANGE

DID NOT PRODUCE REQUIRED DOCUMENTS TO INSPECTION AUTHORITY  		SUSPENDED FROM MEMBERSHIP FROM 22-MAY-2016

22-MAY-2016
6 
History of entity/person MARIGOLD VANIJYA PVT.LTD.  
  REPORTED WRONG/FALSE REPORT OF CLIENT MARGIN COLLECTION  PENALTY IMPOSED RS.1,10,321

SUSPENDED FROM MEMBERSHIP FROM 04-OCT-2012 TO 08-OCT-2012

21-AUG-2012
7 
History of entity/person MAX PLANWEALTH SECURITIES LTD.  
  DID NOT ADHERE TO VARIOUS RULES/REGULATIONS/BYE-LAWS OF THE EXCHANGE/SEBI  SUSPENDED FROM MEMBERSHIP FROM 29-MAY-2015

29-MAY-2015
8 
History of entity/person MERITS CAPITAL MARKET SERVICES PVT.LTD.  
  RESIGNED AND/OR SURRENDERED MEMBERSHIP CARD TO STOCK EXCHANGE  SUSPENDED FROM MEMBERSHIP FROM 29-DEC-2023

03-JAN-2024 		MSEI VIDE ITS CIRCULAR DATED 03/01/2024 INFORMED THAT THE SURRENDER OF MEMBERSHIP HAS BEEN APPROVED BY SEBI
9 
History of entity/person MICRO FOREX EQUITY & DERIVATIVES PVT.LTD.  
  SUBMITTED WRONG/FALSE REPORTING OF CLIENT MARGIN COLLECTION

DID NOT SETTLE CLIENT ACCOUNTS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT’S FUNDS & OWN FUNDS

DID NOT ADHERE TO SETTLEMENT CRITERIA

DID NOT MAINTAIN CLIENTS’ LEDGERS PROPERLY

DID NOT MAINTAIN BANK BOOKS PROPERLY

DID NOT SUBMIT OR SUBMITTED INCOMPLETE DOCUMENTS

ISSUED CONTRACT NOTES WITH FORMAT RELATED DISCREPANCIES

DID NOT INTIMATE DEDICATED EMAIL ID FOR CORRESPONDENCE BETWEEN MEMBER & EXCHANGE IN RELATION TO INVESTOR GRIEVANCE

DELAYED IN INTIMATING DETAILS OF DESIGNATED DIRECTOR TO FINANCIAL INTELLIGENCE UNIT (FIU)

DID NOT UPLOAD “KNOW YOUR CLIENT” DOCUMENTS TO KRA

DISCREPANCIES IN CLIENT REGISTRATION DOCUMENTS

DID NOT MAINTAIN ORDER BOOK  		PENALTY IMPOSED RS.45,90,761

SUSPENDED FROM MEMBERSHIP FROM 16-NOV-2015 TO 16-NOV-2015

18-AUG-2015
10 
History of entity/person MUDRA BULLIONS PVT.LTD.  
  SUBMITTED FALSE OR MISLEADING STATEMENT IN ITS CLEARING FORMS OR RETURNS TO STOCK EXCHANGE  SUSPENDED FROM MEMBERSHIP FROM 09-NOV-2011

DIRECTED NOT TO TAKE ANY FRESH POSITIONS ON THE EXCHANGE AND CLOSE ALL ITS OPEN POSITIONS FROM 09-NOV-2011

DIRECTED TO FURNISH AN UNDERTAKING TO EXCHANGE DECLARING THAT NEITHER THEY NOR ANY OF THEIR DIRECTORS DIRECTLY OR INDIRECTLY APPLY FOR MEMBERSHIP OF THE EXCHANGE DURING CURRENCY OF THE SUSPENSION OR TRADE ON THE EXCHANGE

09-NOV-2011
11 
History of entity/person R S FINANCIAL SERVICES  
  DID NOT CO-OPERATE WITH INSPECTION AUTHORITIES

DID NOT SUBMIT ANNUAL ACCOUNTS

DID NOT SUBMIT NET WORTH CERTIFICATES TO EXCHANGE

DID NOT PRODUCE REQUIRED DOCUMENTS TO INSPECTION AUTHORITY  		SUSPENDED FROM MEMBERSHIP FROM 22-MAY-2016

22-MAY-2016
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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