| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
CHANDRAKANT GANDHI STOCK BROKERS PVT.LTD.
(Member : VSE)
|
|
|
|
C.I.GANDHI
|
|
DEFAULTED IN PAY-IN OBLIGATIONS
DELAYED PAYMENT OF MARGINS
DELAY IN PAY-IN AND PAYOUT SCHEDULE OF THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-DEC-1997 TO 14-JAN-1998
04-DEC-1997
|
|
| 2 |
|
|
CSL SECURITIES PVT.LTD.
(Member : DSE)
|
|
|
|
P.S.KALRA
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN EVASION OF MARGIN MONEY
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
30-NOV-2009
|
|
| 3 |
|
|
GRISHMA SECURITIES PVT.LTD.
(PAN:AABCG1300K)
(Member : BSE)
|
|
|
|
CHANDRIKA H.GANDHI
(PAN:AAMPG4546M)
|
|
|
CHHABIL C.SHAH
(PAN:AIXPS6956J)
|
|
|
KETAN C.SHAH
(PAN:AIWPS3413R)
|
|
|
MIHIR GHELANI
(PAN:AACPG7986K)
|
|
INDULGED IN EVASION OF MARGIN MONEY
UTILIZED IPO PROCEEDS TO MAKE GOOD LOSSES OF ENTITIES WHO SUPPORTED THE PRICE OF FUND CLIENTS WHO INCURRED LOSSES WHILE TRANSACTED IN SCRIP OF TIJARIA POLYPIPES LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TO 27-DEC-2016
DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED
28-DEC-2011
|
SEBI VIDE ITS ORDER DATED 05/11/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
SAT: SAT VIDE ITS ORDER DATED 12/04/2013 PERMITTED MR.ANIL DAVE TO SELL THE SHARES MENTIONED IN ORDER AND DIRECTED TO DEPOSIT THE PROCEEDS WITH SEBI WHICH SHALL KEEP IT AN INTEREST BEARING ACCOUNT ON ITS RECEIPT IMMEDIATELY. NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 31/07/2013 RESTRAINED THE ENTITIES/PERSONS FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY FOR A PERIOD OF FIVE YEARS FROM 28/12/2011 TO 27/12/2016
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SAT: APPEAL DISMISSED. NO COSTS
SEBI VIDE ITS ORDER DATED 16/12/2014 PROHIBITED GRISHMA FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FOR A PERIOD OF THREE YEARS IN RESPECT OF ITS BUSINESS AS A STOCK BROKER FROM 28/12/2011 TO 27/12/2014
SAT: SAT VIDE ITS ORDER DATED 13/01/2017 DISPOSED OFF THE APPEAL. AS APPEALLANT HAS ALREADY UNDERGONE RESTRAINT / PROHIBITION IMPOSED UNDER IMPUGNED ORDER DATED 16/12/2014, APPELLANT IN THE APPEAL FILED BEFORE APEX COURT AGAINST DECISION OF THIS TRIBUNAL DATED 28/10/2013 CONFIRMING THE ORDER PASSED BY WTM OF SEBI DATED 31/07/2013, APPELLANT, ON INSTRUCTIONS, DOES NOT PRESS THE PRESENT APPEAL. NO COSTS
SEBI VIDE ITS ORDER DATED 20/03/2020 DISPOSED OFF THE ENQUIRY PROCEEDINGS AND SCN DATE3D 15/11/2018 WITHOUT ANY DIRECTIONS
|
| 4 |
|
|
GRISHMA SECURITIES PVT.LTD.
(PAN:AABCG1300K)
(Member : NSE)
|
|
|
|
CHANDRIKA H.GANDHI
(PAN:AAMPG4546M)
|
|
|
CHHABIL C.SHAH
(PAN:AIXPS6956J)
|
|
|
KETAN C.SHAH
(PAN:AIWPS3413R)
|
|
|
MIHIR GHELANI
(PAN:AACPG7986K)
|
|
INDULGED IN EVASION OF MARGIN MONEY
UTILIZED IPO PROCEEDS TO MAKE GOOD LOSSES OF ENTITIES WHO SUPPORTED THE PRICE OF FUND CLIENTS WHO INCURRED LOSSES WHILE TRANSACTED IN SCRIP OF TIJARIA POLYPIPES LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-DEC-2011 TO 27-DEC-2016
DIRECTED BSE AND NSE TO PERMIT MEMBERS TO SQUARE OFF THEIR EXISTING OPEN POSITIONS IF ANY, IN F&O SEGMENT AND ENSURE THAT NO FRESH POSITIONS ARE CREATED
28-DEC-2011
|
SEBI VIDE ITS ORDER DATED 05/11/2012 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD INTERIM EX-PARTE ORDER DATED 28/12/2011
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
SAT: SAT VIDE ITS ORDER DATED 12/04/2013 PERMITTED MR.ANIL DAVE TO SELL THE SHARES MENTIONED IN ORDER AND DIRECTED TO DEPOSIT THE PROCEEDS WITH SEBI WHICH SHALL KEEP IT AN INTEREST BEARING ACCOUNT ON ITS RECEIPT IMMEDIATELY. NO ORDER AS TO COSTS
SEBI VIDE ITS ORDER DATED 31/07/2013 RESTRAINED THE ENTITIES/PERSONS FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES, DIRECTLY OR INDIRECTLY FOR A PERIOD OF FIVE YEARS FROM 28/12/2011 TO 27/12/2016
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SAT: APPEAL DISMISSED. NO COSTS
SEBI VIDE ITS ORDER DATED 16/12/2014 PROHIBITED GRISHMA FROM TAKING UP ANY NEW ASSIGNMENT OR CONTRACT OR LAUNCH A NEW SCHEME FOR A PERIOD OF THREE YEARS IN RESPECT OF ITS BUSINESS AS A STOCK BROKER FROM 28/12/2011 TO 27/12/2014
SAT: SAT VIDE ITS ORDER DATED 13/01/2017 DISPOSED OFF THE APPEAL. AS APPEALLANT HAS ALREADY UNDERGONE RESTRAINT / PROHIBITION IMPOSED UNDER IMPUGNED ORDER DATED 16/12/2014, APPELLANT IN THE APPEAL FILED BEFORE APEX COURT AGAINST DECISION OF THIS TRIBUNAL DATED 28/10/2013 CONFIRMING THE ORDER PASSED BY WTM OF SEBI DATED 31/07/2013, APPELLANT, ON INSTRUCTIONS, DOES NOT PRESS THE PRESENT APPEAL. NO COSTS
SEBI VIDE ITS ORDER DATED 20/03/2020 DISPOSED OFF THE ENQUIRY PROCEEDINGS AND SCN DATE3D 15/11/2018 WITHOUT ANY DIRECTIONS
|
| 5 |
|
|
GSB CAPITAL MARKETS LTD.
(Member : BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED EVASION OF MARGIN BY UNDER REPORTING OF CARRY FORWARD POSITION
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
31-DEC-2008
|
|
| 6 |
|
|
KASTHURIRANGAN & CO.
(Member : MDSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
EXECUTED MATCHING TRANSACTIONS
INDULGED IN EVASION OF MARGIN MONEY
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
|
| 7 |
|
|
KEDAR NATH AGRAWAL,M/S
(Member : NSE)
|
|
|
|
KEDAR NATH AGRAWAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN EVASION OF MARGIN MONEY
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-2009 TO 27-DEC-2009
18-NOV-2009
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.32,00,000, LEGAL EXPENSES RS.1,50,000 VIDE CONSENT ORDER)
24-SEP-2010
|
SAT: IMPUGNED ORDER DATED 18/11/2009 SET ASIDE AS APPELLANT HAS PAID RS.32,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,50,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER
|
| 8 |
|
|
MERRY SHARE FIN LTD.
(Member : ASE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFICIENCIES IN CLIENT DATABASE
EVADED CARRY FORWARD MARGIN
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-DEC-2002 TO 26-DEC-2003
24-DEC-2002
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
