| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AASTHA INVESTMENTS
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
|
IMPOSED PENALTY RS.1,00,000
30-SEP-2008
|
|
| 2 |
|
|
AGRAHAR SECURITIES PVT.LTD.
(PAN:AABCA8883B)
(Sub-Broker of
BGSE FINANCIALS LTD.
, Member : BSE)
|
|
|
ALLOWED/ALLOTTED TRADING TERMINALS TO UNAUTHORISED PERSONS AT PLACE WHICH WERE NOT REGISTERED/BRANCH OFFICE OF STOCK BROKER VIOLATING SEBI CIRCULAR NO.SMDRP/POLICY/CIR-49/2001 DATED 22/10/2001 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II UNDER REGULATION 9 OF (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.4,00,000
11-MAY-2018
|
|
| 3 |
|
|
AGRAHAR SECURITIES PVT.LTD.
(PAN:AABCA8883B)
(Sub-Broker of
BGSE FINANCIALS LTD.
, Member : NSE)
|
|
|
ALLOWED/ALLOTTED TRADING TERMINALS TO UNAUTHORISED PERSONS AT PLACE WHICH WERE NOT REGISTERED/BRANCH OFFICE OF STOCK BROKER VIOLATING SEBI CIRCULAR NO.SMDRP/POLICY/CIR-49/2001 DATED 22/10/2001 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II UNDER REGULATION 9 OF (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.4,00,000
11-MAY-2018
|
|
| 4 |
|
|
AISHWARYA AVENUES PVT.LTD.
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RAJESH EXPORTS 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),A(2),D(1),(4) AND (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF RAJESH EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
29-SEP-2010
|
|
| 5 |
|
|
AISHWARYA AVENUES PVT.LTD.
(PAN:AAECA1109R)
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(2) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH REGULATION 15 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ANUKARAN COMMERCIAL ENTERPRISES LTD.
|
IMPOSED PENALTY RS.1,00,000
10-MAR-2021
|
|
| 6 |
|
|
ALPESH JAGDISHCHANDRA PAREKH,M/S
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
ALPESH JAGDISHCHANDRA PAREKH
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.1,50,000
31-JAN-2007
|
SAT: IMPUGNED ORDER DATED 31/01/2007 MODIFIED BY REDUCING PENALTY AMOUNT TO RS. 50,000 FROM RS.1,50,000
|
| 7 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
GALAXY BROKING LTD.
, Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE AND SPECULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND D(1) (4) (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ALPHA HI TECH FUEL LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ALPHA HI TECH FUEL LTD.
|
IMPOSED PENALTY RS.50,000
09-OCT-2009
|
|
| 8 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE AND SPECULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND D(1) (4) (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ALPHA HI TECH FUEL LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ALPHA HI TECH FUEL LTD.
|
IMPOSED PENALTY RS.50,000
09-OCT-2009
|
|
| 9 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
GALAXY BROKING LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SYSTEL INFOTECH LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SYSTEL INFOTECH LTD.
|
IMPOSED PENALTY RS.75,000
30-NOV-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 10 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
GALAXY BROKING LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF NANDAN EXIM LTD.
|
IMPOSED PENALTY RS.1,50,000
10-JAN-2011
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 11 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
GALAXY BROKING LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF TANU HEALTHCARE LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1), A(2), D(1), D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TANU HEALTHCARE LTD.
|
IMPOSED PENALTY RS.2,50,000
31-JAN-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 12 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE WHILE DEALING ON BEHALF OF ITS CLIENTS IN SCRIP OF MONALISA INFOTECH LTD.
|
IMPOSED PENALTY RS.10,000
25-FEB-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 13 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of
GALAXY BROKING LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR, SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF GUJARAT ARTH LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15(B) READ WITH CLAUSES A(1), A(2), D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GUJARAT ARTH LTD.
|
IMPOSED PENALTY RS.11,00,000
02-MAR-2015
|
APPEAL DISMISSED
SAT: SAT VIDE ITS ORDER DATED 10/07/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.5 LACS FROM RS.16 LACS U/S 15HA AND RS.6 LACS FROM RS.12 LACS U/S 15HB
|
| 14 |
|
|
ANIL A.GANDHI,M/S
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
ANIL A.GANDHI
|
|
DID NOT COLLECT MARGIN MONEY AND ALLOWED TRANSACTIONS IN ILLIQUID SCRIP OF MONALISA INFOTECH LTD. VIOLATING REGULATION 26(XVI) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.10,000
31-JAN-2011
|
INCLUDED IN SEBI LIST DATED 30/09/2011, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 15 |
|
|
ANIL DUSAD,M/S
(PAN:ABXPD6340C)
(Sub-Broker of
JSEL SEURITIES LTD.
, Member : BSE)
|
|
|
|
ANIL DUSAD
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF GENERIC ENGINEERING CONSTRUCTION & PROJECTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION VIOLATING CLAUSES A(1) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GENERIC ENGINEERING CONSTRUCTION & PROJECTS LTD.
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2023
|
|
| 16 |
|
|
ANIL MISTRY,M/S
(Sub-Broker of
ISE SECURITIES & SERVICES LTD.
, Member : NSE)
|
|
|
|
ANIL MISTRY
|
|
ACTED IN CONCERT WITH BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH STRUCTURED DEALS/MATCHING BUY AND SELL ORDERS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
ATTEMPTED TO INDUCE PUBLIC TO DEAL BY CREATING MISLEADING APPEARANCE OF TRADING IN THE SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
|
IMPOSED PENALTY RS.5,00,000
22-JUN-2006
|
SAT: CASE ADJOURNED
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS
|
| 17 |
|
|
ANNAPOORNA & CO.
(Sub-Broker of
BGSE FINANCIALS LTD.
, Member : NSE)
|
|
|
|
JAGDISH V.AHUJA
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.20,000 ALONG WITH OTHER ENTITIES/PERSONS
31-DEC-2004
|
|
| 18 |
|
|
AQUARIAN SHARE BROKING CO.PVT.LTD.
(PAN:AAECA8996L)
(Sub-Broker of
SVS SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS DEALS IN SCRIP OF HARITA SEATING SYSTEMS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 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 HARITA SEATING SYSTEMS LTD.
|
IMPOSED PENALTY RS.32,00,000
31-AUG-2015
|
|
| 19 |
|
|
ARAVINDAN UNNITHAN,M/S
(PAN:AAVPU0267C)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
ARAVINDAN UNNITHAN
|
|
TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
28-FEB-2019
|
|
| 20 |
|
|
ARIHANT SECURITIES
(Sub-Broker of
WELLWORTH SHARES & STOCK BROKING LTD.
, Member : BSE)
|
|
|
|
BIPIN VORA
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
20-JUL-2007
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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