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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 29-APR-2025

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.

SUB-BROKERS: DEALT IN CASH WITH CLIENTS

S.No. ENTITY DIRECTORS/ PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
21
History of entity/person VRS SECURITIES LTD.  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEALT IN CASH WITH CLIENTS

DEFAULTED IN PAY-IN OBLIGATIONS

DEFAULTED IN MAINTENANCE OF CLIENT LEDGER

DID NOT EXERCISE DUE CARE AND DILIGENCE

DEALT WITH UN-REGISTERED SUB-BROKERS

DISCREPANCIES IN CLIENT CODES

ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT

DID NOT ENTER INTO TRIPARTITE AGREEMENT WITH CLIENTS  		IMPOSED PENALTY RS.1,50,000

28-NOV-2008 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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