| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
ARIHANT STOCKS & SHARES
(Sub-Broker of
PADMAKANT DEVIDAS SECURITIES LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF WELLWORTH OVERSEAS 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),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF WELLWORTH OVERSEAS LTD.
|
IMPOSED PENALTY RS.3,50,000
25-NOV-2009
|
|
| 22 |
|
|
ASK HOLDINGS PVT.LTD.
(Sub-Broker of
RAMRAKH R.BOHRA
, Member : BSE)
|
|
|
|
ASHOK KUMAR JAIN
|
|
CREATED ARTIFICIAL MARKETS IN SCRIP OF AKL SOFT & INFOSYS LTD.
|
IMPOSED PENALTY RS.50,000
11-APR-2005
|
|
| 23 |
|
|
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
|
| 24 |
|
|
ATUL KANODIA & CO.
(Sub-Broker of
UPSE SECURITIES LTD.
, Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.40,000
11-MAY-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.10,000 FROMTO RS.40,000
|
| 25 |
|
|
AVDHUT SECURITIES LTD.
|
|
|
FAILED TO DELIVER SHARES TO CLIENTS
|
IMPOSED PENALTY RS.35,000
29-NOV-2004
|
|
| 26 |
|
|
AVINASH TRIMBAKE,M/S
(Sub-Broker of
PSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
AVINASH TRIMBAKE
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
IRREGULARITIES IN REGISTRATION OF CLIENTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.40,000
30-AUG-2005
|
|
| 27 |
|
|
AVINASH TRIMBAKE,M/S
(Sub-Broker of
PSE SECURITIES LTD.
, Member : NSE)
|
|
|
|
AVINASH TRIMBAKE
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
IRREGULARITIES IN REGISTRATION OF CLIENTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.40,000
30-AUG-2005
|
|
| 28 |
|
|
B.K.SHARES & STOCK BROKERS PVT.LTD.
(Sub-Broker of
ASE CAPITAL MARKETS LTD.
, Member : BSE)
|
|
|
|
KAMLESH B.SHAH
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
IMPOSED PENALTY RS.40,000
31-MAR-2006
|
|
| 29 |
|
|
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
|
|
| 30 |
|
|
BHAGWATI PRASAD LOHIYA,M/S
(Sub-Broker of
SMC GLOBAL SECURITIES LTD.
, Member : BSE)
|
|
|
|
BHAGWATI PRASAD LOHIYA
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.50,000
29-JUL-2011
|
|
| 31 |
|
|
BRIJWASI SECURITIES PVT.LTD.
(Sub-Broker of
A.K.EQUITIES PVT.LTD.
, Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL CARE & DILIGENCE AS PER CLAUSE A (2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUROBINDO PHARMA LTD.
|
IMPOSED PENALTY RS.50,000
27-AUG-2009
|
|
| 32 |
|
|
BRIJWASI SECURITIES PVT.LTD.
(Sub-Broker of
V.J.FINSECURITIES PVT.LTD.
, Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL CARE & DILIGENCE AS PER CLAUSE A (2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUROBINDO PHARMA LTD.
|
IMPOSED PENALTY RS.50,000
27-AUG-2009
|
|
| 33 |
|
|
BRIJWASI SECURITIES PVT.LTD.
(Sub-Broker of
ORACLE SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL CARE & DILIGENCE AS PER CLAUSE A (2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUROBINDO PHARMA LTD.
|
IMPOSED PENALTY RS.50,000
27-AUG-2009
|
|
| 34 |
|
|
BRIJWASI SECURITIES PVT.LTD.
(Sub-Broker of
ORACLE STOCKS & SHARES LTD.
, Member : NSE)
|
|
|
DID NOT EXERCISE DUE SKILL CARE & DILIGENCE AS PER CLAUSE A (2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUROBINDO PHARMA LTD.
|
IMPOSED PENALTY RS.50,000
27-AUG-2009
|
|
| 35 |
|
|
C&S SECURITIES PVT.LTD.
(Sub-Broker of
MSE FINANCIAL SERVICES LTD.
)
|
|
|
|
A.CHANDRASHEKHAR
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
IMPOSED PENALTY RS.20,000
31-DEC-2004
|
|
| 36 |
|
|
CHEHAR SECURITIES PVT.LTD.
(Sub-Broker of
PRABHUDAS LILLADHER PVT.LTD.
, Member : BSE)
|
|
|
INDULGED IN IRREGULAR TRANSACTIONS IN SCRIPS OF VIP INDUSTRIES LTD.,ARCHIES LTD.,BGFL, AMARA RAJA BATTERIES LTD. AND DABUR INDIA LTD.
|
IMPOSED PENALTY RS.75,000
24-AUG-2009
|
|
| 37 |
|
|
CHOTHANI GROWTH & INVESTMENTS PVT.LTD.
(Sub-Broker of
ISE SECURITIES & SERVICES LTD.
, Member : NSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
PERMITTED CLIENTS TO TRADE BEFORE THE AGREEMENT DATE
PERMITTED CLIENTS TO EXECUTE TRADE BEFORE OBTAINING CLIENT REGISTRATION FORM
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN INDIRECT FUNDING TO CLIENTS
FAILED TO DELIVER SHARES TO CLIENTS
DID NOT MAKE PAYMENT TO CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
|
IMPOSED PENALTY RS.1,50,000
31-JAN-2006
|
|
| 38 |
|
|
CRYSTAL FINSTOCK PVT.LTD.
(PAN:AABCC2486L)
(Sub-Broker of
MEHTA EQUITIES LTD.
, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS TRADES IN SCRIP OF POPULAR ESTATE MANAGEMENT LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSE A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF POPULAR ESTATE MANAGEMENT LTD.
|
IMPOSED PENALTY RS.2,00,000
25-OCT-2012
|
SAT: SAT VIDE ITS ORDER DATED 26/06/2013 MODIFIED SEBI'S ORDER DATED 25/10/2012 BY REDUCING THE PENALTY AMOUNT TO RS.1 LAC FROM RS.2 LAC AND DIRECTED TO DEPOSIT THE PENALTY WITHIN A PERIOD OF TWO MONTHS FROM THE RECEIPT OF THIS ORDER
|
| 39 |
|
|
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
|
| 40 |
|
|
DESAI INVESTMENT
(Sub-Broker of
J.G.SHAH FINANCIAL CONSULTANTS PVT.LTD.
, Member : BSE)
|
|
|
|
ASHWIN DESAI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADE (FICTITIOUS TRADES) IN SCRIP OF SHALIMAR PRODUCTION LTD.
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2010
|
SAT: ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.50,000 FROM RS.2,00,000
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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