| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AAKASH INVESTMENT CONSULTANCY
(Sub-Broker of
GROWTH AVENUES LTD.
, Member : NSE)
|
|
|
|
SANJIV K.SHAH
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
EXECUTED TRADES FOR CLIENTS IN SELF ACCOUNT CODE INSTEAD OF CLIENT ACCOUNT CODE
DEALT IN CASH WITH CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 01-DEC-2008 TO 28-FEB-2009
10-NOV-2008
|
|
| 2 |
|
|
ADITYA SECURITIES
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED EXTENDING MARGIN FACILITY TO CLIENTS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
04-DEC-2007
|
|
| 3 |
|
|
AKSHAY SHANTILAL DALAL,M/S
(Sub-Broker of
MEHTA VAKIL & CO.PVT.LTD.
, Member : BSE)
|
|
|
|
AKSHAY SHANTILAL DALAL
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION BY EXECUTING TRANSACTIONS AT A LARGE SCALE FOR THE CLIENTS RELATED TO PROMOTERS OF COMPANY IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
ACTED AS SUB-BROKER OF MEHTA VAKIL & CO.PVT.LTD.WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 26-JAN-2006 TO 25-FEB-2006
06-JAN-2006
|
SAT: IMPUGNED ORDER DATED 06/01/2006 MODIFIED AND SUSPENSION OF PERIOD REDUCED TO 10 DAYS FROM 30 DAYS
|
| 4 |
|
|
AKSHAYA & CO.
(Sub-Broker of
MSE FINANCIAL SERVICES LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEFICIENCIES IN CLIENT DATABASE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JAN-2007
|
|
| 5 |
|
|
AMRUT SECURITIES LTD.
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2010 TO 13-NOV-2010
09-NOV-2010
|
|
| 6 |
|
|
APOORVA SECURITIES PVT.LTD.
(Sub-Broker of
UPSE SECURITIES LTD.
, Member : BSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT DATABASE
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
INDULGED IN OFF-MARKET TRANSACTIONS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-NOV-2008 TO 27-JAN-2009
07-NOV-2008
|
|
| 7 |
|
|
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
|
|
| 8 |
|
|
ASPI NOSHIR GANDHI,M/S
(Sub-Broker of
ASE CAPITAL MARKETS LTD.
, Member : BSE)
|
|
|
|
ASPI NOSHIR GANDHI
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ISSUED ADVERTISEMENT IN AHMEDABAD PARSI YELLOW PAGES GIVING MISLEADING INFORMATION VIOLATING REGULATION 15(1)(D) AND 26(XX) OF SEBI (STOCK BROKERS AND SUB-BROKES) REGULATIONS, 1992
|
IMPOSED PENALTY
29-MAR-2010
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 9 |
|
|
BLUECHIP CAPITAL MARKET PVT.LTD.
(Sub-Broker of
BPS SECURITIES PVT.LTD.
, Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 17-JAN-2008
17-JAN-2008
|
|
| 10 |
|
|
BULLS INC.
(Sub-Broker of
JOINDRE CAPITALS SERVICES LTD.
, Member : NSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFAULTED IN MAINTENANCE OF GENERAL LEDGER
DEFAULTED IN MAINTENANCE OF JOURNAL
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT ISSUE PURCHASE OR SALE NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 23-MAY-2003 TO 22-NOV-2003
09-MAY-2003
|
|
| 11 |
|
|
CHHEDA SHARES & SECURITIES
(Sub-Broker of
MANIPUT INVESTMENTS PVT.LTD.
, Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
20-FEB-2008
|
|
| 12 |
|
|
CLASSIC FINANCE
(Sub-Broker of
M.P.VORA SHARES & SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
13-JAN-2010
|
|
| 13 |
|
|
DAS CO.
(Sub-Broker of
VCK SHARE & STOCK BROKING SERVICES LTD.
, Member : NSE)
|
|
|
|
ATIN DAS
|
|
INVOLVED IN FRAUDULENT ACTIVITIES TO INDUCE INVESTORS TO INVEST MONEY
DEALT IN CASH WITH CLIENTS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
COMMITTED IRREGULARITIES PERTAINING TO CLIENTS SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
PROHIBITED FROM RAISING MONEY FROM PUBLIC FROM 20-FEB-2007 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-FEB-2007 TILL FURTHER ORDERS
DIRECTED TO REFUND ALL MONEYS COLLECTED FROM INVESTORS UNDER THE MIS SCHEME
20-FEB-2007
|
ENQUIRY PROCEEDINGS DISPOSED OFF WITHOUT IMPOSING ANY FURTHER PENALTY, AS SUB BROKER HAS ALREADY BEEN PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES FROM 20/02/2007
DIRECTIONS IMPOSED VIDE AD-INTERIM EX-PARTE ORDER DATED 20/02/2007 RESTRAINING FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN ANY MANNER, DIRECTLY OR INDIRECTLY, VACATED
|
| 14 |
|
|
GABIN CAPITAL MARKETS LTD.
(Sub-Broker of
COCHIN STOCK BROKERS LTD.
, Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
06-DEC-2006
|
|
| 15 |
|
|
GEETA SHARE ENTERPRISES
(Sub-Broker of
UPSE SECURITIES LTD.
, Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2004 TO 08-MAY-2005
19-OCT-2004
|
|
| 16 |
|
|
GINI ENTERPRISES
(Sub-Broker of
H.NYALCHAND FINANCIAL SERVICES LTD.
, Member : NSE)
|
|
|
|
TARUN GANDHI
|
|
ACTED AS SUB-BROKER OF H.NYALCHAND FINANCIAL SERVICES LTD.WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.1,00,000
31-JUL-2006
|
|
| 17 |
|
|
GINI ENTERPRISES
(Sub-Broker of
PARK LIGHT INVESTMENT PVT.LTD.
, Member : BSE)
|
|
|
|
TARUN GANDHI
|
|
INDULGED IN PRICE MANIPULATION BY CIRCULAR AND STRUCTURED TRANSACTIONS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 02-APR-2009
12-DEC-2008
|
|
| 18 |
|
|
INFIMAGE SHARES & STOCK
(Sub-Broker of
GROWTH AVENUES LTD.
, Member : NSE)
|
|
|
|
JAYAKANT K.DIWAN
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DEALT IN CASH WITH CLIENTS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT EXERCISE DUE CARE AND DILIGENCE IN EXECUTING SUB-BROKING ACTIVITIES
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-OCT-2006
|
SEBI VIDE ORDER DATED 20/12/2007 APPOINTED AN OFFICER TO CONDUCT PROCEEDINGS. AS SUB BROKER HAD ALREADY PAID PENALTY, OFFICER RECOMMENDED TO DROP THE PROCEEDINGS. PROCEEDINGS STANDS DISPOSED OFF ACCORDINGLY
|
| 19 |
|
|
M&M CAPITAL & INVESTMENTS PVT.LTD.
(Sub-Broker of
COCHIN STOCK BROKERS LTD.
, Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT SUBMIT AUDITED CERTIFICATE ON QUARTERLY BASIS TOWARDS MAINTENANCE OF MANDATORY MARGIN REQUIREMENT
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-JAN-2007
|
|
| 20 |
|
|
MAHEK CONSULTANTS
(Sub-Broker of
APEX STOCK BROKERS PVT.LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF BHORUKA FINANCIAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
ACTED AS SUB-BROKER OF KOLAR SHARES PVT.LTD. WITHOUT SEBI REGISTRATION
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-MAR-2007 TO 14-APR-2007
22-FEB-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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