| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
MANI & CO.
(Sub-Broker of
MSE FINANCIAL SERVICES LTD.
, Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
02-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000
|
| 22 |
|
|
MARFATIA ASSOCIATES
(Sub-Broker of
VSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
NISHIL MARFATIA
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
IMPOSED PENALTY RS.15,000
01-DEC-2004
|
|
| 23 |
|
|
MERBANC BSNV SECURITIES LTD.
(Sub-Broker of
HSE SECURITIES LTD.
, Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
23-JAN-2008
|
|
| 24 |
|
|
MUKESH K.MEHTA,M/S
(Sub-Broker of
ASE CAPITAL MARKETS LTD.
, Member : BSE)
|
|
|
|
MUKESH K.MEHTA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEALT WITH UNREGISTERED ENTITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 25 |
|
|
R.D.LAHOTI,M/S
(Sub-Broker of
HSE SECURITIES LTD.
, Member : NSE)
|
|
|
|
R.D.LAHOTI
|
|
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.25,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 26 |
|
|
RAJEEV BANSAL,M/S
(Sub-Broker of
BANSAL SHAREVEST SERVICES LTD.
, Member : NSE)
|
|
|
|
RAJEEV BANSAL
|
|
EXECUTED SINGLE TRADES AT EXCHANGE TO ASCERTAIN PRICES FOR EXECUTING BULK ORDERS ILLEGALLY OUTSIDE THE EXCHANGE MECHANISM
ALLOWED TERMINAL TO UNAUTHORISED USERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006
26-JUN-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
31-JUL-2008
|
SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008
|
| 27 |
|
|
RISHABH SHARES & SECURITIES
(Sub-Broker of
M.G.CAPITAL SERVICES LTD.
, Member : NSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEFAULTED IN PAY-IN OBLIGATIONS
DEALT IN CASH WITH CLIENTS
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 14-DEC-2010
23-NOV-2010
|
|
| 28 |
|
|
S.R.AGARWAL & CO.
(Sub-Broker of
VSE SECURITIES LTD.
, Member : BSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
DEALT IN CASH WITH CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DEALT WITH UNREGISTERED ENTITIES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 07-FEB-2006 TO 06-AUG-2006
17-JAN-2006
|
|
| 29 |
|
|
SAIKALA ASSOCIATES PVT.LTD.
(Sub-Broker of
HSE SECURITIES LTD.
, Member : NSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2005 TO 16-FEB-2005
27-DEC-2004
|
SAT: IMPUGNED ORDER MODIFIED BY CONVERTING SUSPENSION PERIOD OF 1 MONTH INTO A PENALTY OF RS.3,00,000
|
| 30 |
|
|
SANJEEV SECURITIES
(Sub-Broker of
PSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
SANJEEV KAPUR
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.5,00,000
28-AUG-2020
|
|
| 31 |
|
|
SANJEEV SECURITIES
(Sub-Broker of
PSE SECURITIES LTD.
, Member : NSE)
|
|
|
|
SANJEEV KAPUR
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.5,00,000
28-AUG-2020
|
|
| 32 |
|
|
SHANTANU S.DHAMANKAR,M/S
(Sub-Broker of
KAYNET CAPITALS LTD.
, Member : BSE)
|
|
|
|
SHANTANU S.DHAMANKAR
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2007
|
|
| 33 |
|
|
SHRI PARSHWA FINANCE
(Sub-Broker of
P.SURYAKANT SHARE & STOCK BROKERS PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 34 |
|
|
SREE GANESH ENTERPRISE
(Sub-Broker of
SUBHKAM SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-AUG-2007
|
|
| 35 |
|
|
SUBECHA SECURITIES PVT.LTD.
(Sub-Broker of
SVS SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER TO BETALA STOCK BROKING PVT.LTD.WITHOUT SEBI REGISTRATION
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
23-JAN-2006
|
|
| 36 |
|
|
SUBECHA SECURITIES PVT.LTD.
(Sub-Broker of
SVS SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 37 |
|
|
SUBECHA SECURITIES PVT.LTD.
(Sub-Broker of
BETALA STOCK BROKING LTD.
, Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 38 |
|
|
VAIBHAV SHARE MARKET
(Sub-Broker of
RENAISSANCE SECURITIES LTD.
, Member : BSE)
|
|
|
|
VIRENDRA KUMAR MAHATMA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN SUB-BROKER FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-MAR-2007
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 39 |
|
|
VENUGOPAL MALANI,M/S
(Sub-Broker of
HSE SECURITIES LTD.
, Member : NSE)
|
|
|
|
VENUGOPAL MALANI
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DELAYED SUBMISSION OF AUDIT REPORT TO THE EXCHANGE
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.2,00,000
30-DEC-2004
|
|
| 40 |
|
|
VISALAM SHARES PVT.LTD.
(Sub-Broker of
MSE FINANCIAL SERVICES LTD.
)
|
|
|
|
M.MEYAPPAN
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.15,000
31-DEC-2004
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 2 of 2
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