| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
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
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
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
|
|
| 4 |
|
|
ARIHANT INVESTMENT
(Sub-Broker of
ANAND RATHI SHARE & STOCK BROKERS LTD.
, Member : NSE)
|
|
|
|
BHADRESH SANGHVI
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
ENGAGED IN ILLEGAL TRADING VIOLATING SECTION 19 (1) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
ISSUED CONTRACT NOTES IN DIFFERENT FORMAT FROM THAT PRESCRIBED BY EXCHANGE VIOLATING REGULATION 7 READ WITH CLAUSES B(2) READ WITH REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 AND SEBI CIRCULARS NO.MIRSD/DPS-1/CIR-31/2004 DATED 26/08/2004 AND SMD(B)/104/22775/93 DATED 29/10/1993
DISPLAYED MISLEADING BOARD AND NOT DISPLAYED REGISTRATION CERTIFICATE VIOLATING NSE CIRCULAR NO.NSE/MEM/1591 DATED 20/04/2000
OPERATED IML TERMINAL WITHOUT REQUIRED CERTIFICATION VIOLATING BSE NOTICE NO.20070522-25 DATED 22/05/2007 AND 20071024-28 DATED 24/10/2007
DEALT WITH ANOTHER STOCK BROKER FOR OWN TRADE VIOLATING CIRCULAR NO.SEBI/MIRSD/CIR-06/2004 AND REGULATION 2.1.12(A) OF CAPITAL MARKET SEGMENT OF NSE
DID NOT ABIDE BY RULES, REGULATIONS AND BYELAWS OF STOCK EXCHANGE VIOLATING REGULATION 12A (1) (A) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-DEC-2009 TILL FURTHER ORDERS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-DEC-2009 TILL FURTHER ORDERS
DIRECTED NSDL AND CDSL NOT TO GIVE EFFECT TO ANY DEBIT INSTRUCTION IN DEMAT ACCOUNTS OF SUB BROKER OR OF ANY BENEFICIAL OWNER ON AUTHORITY OF POWER OF ATTORNEY
21-DEC-2009
|
DIRECTIONS ISSUED VIDE AD-INTERIM EX-PARTE ORDER DATED 21/12/2009 CONFIRMED VIDE ORDER DATED 30/08/2010
|
| 5 |
|
|
ARIHANT INVESTMENT
(Sub-Broker of
ANAND RATHI SHARE & STOCK BROKERS LTD.
, Member : NSE)
|
|
|
|
BHADRESH SANGHVI
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DISPLAYED MISLEADING BOARD AND NOT DISPLAYED REGISTRATION CERTIFICATE VIOLATING NSE CIRCULAR NO.NSE/MEM/1591 DATED 20/04/2000
TRADED FOR HIMSELF THROUGH ANOTHER STOCK BROKER WITHOUT PRIOR PERMISSION OF NSE
OPERATED ON BSE TERMINAL WITHOUT AUTHORITY
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 21-MAR-2013
28-FEB-2013
|
|
| 6 |
|
|
BABU JOSEPH,M/S
(PAN:ABIPJ7184P)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
BABU JOSEPH
|
|
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
18-JAN-2019
|
|
| 7 |
|
|
DARLA N DARLA,M/S
(PAN:ABTPD0528L)
(Sub-Broker of
MSE FINANCIAL SERVICES LTD.
, Member : BSE)
|
|
|
DID NOT ADHERE TO SEBI CIRCULAR NO. CIR/DNPD/01/2011 DATED 03/01/2011 READ WITH CIR/DNPD/6/2011 DATED 05/07/2011
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15(1)(B) READ WITH REGULATION 26(XX) OF SEBI SUB BROKER REGULATIONS AND CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.16,00,000
23-AUG-2017
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 07/08/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS 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
|
| 8 |
|
|
GEETHA P.S.,M/S
(PAN:AKGPG2999E)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
GEETHA P.S.
|
|
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
21-DEC-2018
|
|
| 9 |
|
|
KANIPURA SECURITIES
(PAN:ADMPV0337J)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
KRISHNA PRADEEPA S.V.
|
|
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
|
|
| 10 |
|
|
KUNJU KRISHNAN GIREESAN,M/S
(PAN:ADLPG5047M)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : BSE)
|
|
|
|
KUNJU KRISHNAN GIREESAN
|
|
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
18-JAN-2019
|
|
| 11 |
|
|
MADHU M.R.,M/S
(PAN:ALAPM2958C)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
MADHU M.R.
|
|
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
|
|
| 12 |
|
|
PIONEER SECURITIES
(PAN:AJHPG8777E)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
BENOI C.GEORGE
|
|
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
|
|
| 13 |
|
|
PRADEEP A.RAMNANI,M/S
(PAN:AACPR0439E)
(Sub-Broker of
ANGEL BROKING PVT.LTD.
, Member : BSE)
|
|
|
|
PRADEEP A.RAMNANI
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15(1)(B)(D) OF STOCK BROKERS READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS NSE CIRCULARS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
22-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 03/08/2017 DISMISSED THE APPEAL. NO COSTS AND DIRECTED APPELLANT TO PAY PENALTY AMOUNT WITHIN 30 DAYS FROM THE DATE OF THIS ORDER
|
| 14 |
|
|
PRADEEP A.RAMNANI,M/S
(PAN:AACPR0439E)
(Sub-Broker of
ANGEL BROKING PVT.LTD.
, Member : NSE)
|
|
|
|
PRADEEP A.RAMNANI
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15(1)(B)(D) OF STOCK BROKERS READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS NSE CIRCULARS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
22-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 03/08/2017 DISMISSED THE APPEAL. NO COSTS AND DIRECTED APPELLANT TO PAY PENALTY AMOUNT WITHIN 30 DAYS FROM THE DATE OF THIS ORDER
|
| 15 |
|
|
PRAKASH VARMA,M/S
(Sub-Broker of
VENTURA SECURITIES LTD.
, Member : BSE)
|
|
|
|
PRAKASH VARMA
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSES A(1) AND A(2 OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 15(1)(B) AND 26(XV), (XVI), (XIX) & (XX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
29-NOV-2018
|
|
| 16 |
|
|
PRAKASH VARMA,M/S
(Sub-Broker of
VENTURA SECURITIES LTD.
, Member : NSE)
|
|
|
|
PRAKASH VARMA
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSES A(1) AND A(2 OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 15(1)(B) AND 26(XV), (XVI), (XIX) & (XX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
29-NOV-2018
|
|
| 17 |
|
|
REJI P.D.,M/S
(PAN:AKAPD4174G)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
REJI P.D.
|
|
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
05-MAR-2019
|
|
| 18 |
|
|
S.DHANDAPANI,M/S
(PAN:ABZPD6410H)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
S.DHANDAPANI
|
|
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
05-MAR-2019
|
|
| 19 |
|
|
S.MADESWARI,M/S
(PAN:AJBPM1810G)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
S.MADESWARI
|
|
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
05-MAR-2019
|
|
| 20 |
|
|
SHAIN JOSE,M/S
(PAN:AGNPJ9672Q)
(Sub-Broker of
INDITRADE CAPITAL LTD.
, Member : NSE)
|
|
|
|
SHAIN JOSE
|
|
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
05-MAR-2019
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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