| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ACTIVE FINSTOCK PVT.LTD.
(Member : BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-FEB-2006 TO 31-MAR-2006
25-JAN-2006
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE
|
| 2 |
|
|
ANAND RATHI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
|
AMIT RATHI
|
|
|
R.K.BHOOTRA
|
|
TRANSFERRED FUNDS BETWEEN DIFFERENT CLIENT ACCOUNTS
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
03-NOV-2004
|
|
| 3 |
|
|
APS CAPITAL SERVICES PVT.LTD.
(Member : PSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT COLLECT MARGINS FROM CLIENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
16-JAN-2008
|
|
| 4 |
|
|
ARCHANA KHANDELWAL,M/S
(Member : CSE)
|
|
|
|
ARCHANA KHANDELWAL
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT COLLECT MARGINS FROM CLIENTS
EXECUTED NEGOTIATED DEALS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-2006 TO 31-AUG-2006
11-MAY-2006
|
|
| 5 |
|
|
ARIHANT FINCAP LTD.
(Member : NSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT COLLECT MARGINS FROM CLIENTS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.1,00,000
13-JAN-2005
|
|
| 6 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT RECONCILE RUNNING ACCOUNTS OF CLIENTS
RETAINED CLIENTS SECURITIES WITHOUT ADEQUATE REASON
|
IMPOSED PENALTY RS.8,00,000
25-JUN-2018
|
|
| 7 |
|
|
ASHIKA STOCK BROKING LTD.
(PAN:AACCA7156Q)
(Member : NSE/BSE/MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.6,00,000
24-FEB-2021
|
|
| 8 |
|
|
ASIAN SECURITIES & STOCKS LTD.
(Member : NSE)
|
|
|
ACTED IN CONCERT WITH OTHER BROKERS TO CORNER A VERY LARGE QUANTITY OF SHARES OF BPL, VIDEOCON AND STERLITE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-AUG-1998 TO 16-FEB-2000
28-OCT-1999
|
|
| 9 |
|
|
ASL CAPITAL HOLDINGS PVT.LTD.
(PAN:AAACA8354L)
(Member : NSE)
|
|
|
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
KEPT CLIENT'S SECURITIES IN BENEFICIARY ACCOUNT FOR LONG PERIODS
DID NOT COLLECT MARGINS FROM CLIENTS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
02-FEB-2006
|
|
| 10 |
|
|
BAKLIWAL FINANCIAL SERVICES (INDIA) PVT.LTD.
(Member : BSE)
|
|
|
|
KAMAL B.BAKLIWAL
|
|
DID NOT ISSUE CONTRACT NOTES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
19-NOV-2004
|
|
| 11 |
|
|
BAKLIWAL INVESTMENTS
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DELAYED PAYMENT OF CONSOLIDATED STAMP DUTY
DID INTER-CLIENT ADJUSTMENT OF BALANCES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-MAY-2004
|
|
| 12 |
|
|
BALJIT SECURITIES PVT.LTD.
(Member : NSE/BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED INDULGENCE IN INDIRECT FUND-BASED ACTIVITIES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
28-JUL-2010
|
|
| 13 |
|
|
BANSAL SHAREVEST SERVICES LTD.
(Member : NSE/UPSE)
|
|
|
|
SONU AGARWAL
|
|
EXECUTED SINGLE TRADES AT EXCHANGE TO ASCERTAIN PRICES FOR EXECUTING BULK ORDERS ILLEGALLY OUTSIDE THE EXCHANGE MECHANISM
OFFERED ILLEGAL TRADING FACILITIES
ISSUED ADVERTISEMENTS RELATING TO BUSINESS IN VIOLATION OF CODE OF CONDUCT
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
INSTALLED UNAUTHORIZED TRADING TERMINALS IN EXCESS OF NSE ALLOTTED TERMINALS
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT COLLECT UPFRONT MARGINS
DEFAULTED IN DEPOSITING MARGIN AMOUNT WITH THE EXCHANGE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 23-JUL-2003 TO 22-JUL-2008
28-JUN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.50,00,000, LEGAL EXPENSES RS.2,50,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE SUSPENDE
|
SAT: APPLICANT AGREED TO PAY A SUM OF RS.50,00,000 TOWARDS SETTLEMENT CHARGES AND RS.2,50,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER DATED 09/06/2008 AND VOLUNTARILY UNDERTAKEN TO REMAIN SUSPENDED FOR A PERIOD OF 5 YEARS COMMENCING FROM 23/07/2003. ORDER DATED 28/06/2006 SET ASIDE
|
| 14 |
|
|
BHARAT J.PATEL,M/S
(PAN:AAAPP6652R)
(Member : BSE)
|
|
|
|
BHARAT JAYANTILAL PATEL
PAN:AAAPP6652R
|
|
INDULGED IN MANIPULATION IN SCRIPS OF BPL, VIDEOCON AND STERLITE
DEALT FOR GROUP FOR WHICH DID NOT HAVE ANY PROFESSIONAL EXPERTISE IN THE SECURITIES MARKET AND FINANCIAL SOUNDNESS TO DEAL AT SUCH A LARGE SCALE
DID NOT COLLECT MARGINS FROM CLIENTS
ACTED IN CONCERT WITH OTHER BROKERS TO CORNER A VERY LARGE QUANTITY OF SHARES OF BPL, VIDEOCON AND STERLITE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
MADE PURCHASES WHICH WERE EXCESSIVE AND BEYOND CLIENT'S MEANS & FINANCIAL RESOURCES
PROVIDED FINANCE TO DAMAYANTI GROUP ENTITIES IN THE GARB OF SPOT PURCHASE OF SHARES THROUGH ONE OF ITS GROUP COMPANIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-NOV-1998 TO 01-MAY-2000
31-JAN-2000
|
|
| 15 |
|
|
BHUPENDRA MEGHJI BHEDA,M/S
(Member : BSE)
|
|
|
|
BHUPENDRA MEGHJI BHEDA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-OCT-2004
|
|
| 16 |
|
|
BISHWANATH MURLIDHAR,M/S
(Member : BSE)
|
|
|
|
BISHWANATH MURLIDHAR JHUNJHUNWALA
|
|
AIDED AND ABETTED KOSHA INVESTMENTS LTD. IN CREATING ARTIFICIAL MARKET/PRICE RISE IN SCRIP OF SNOWCEM INDIA LTD. BY TRADING ON BEHALF OF KIL AND ALSO TRADED IN ITS INDIVIDUAL CAPACITY BY ENROLLING ITSELF AS A CLIENT OF NSE BROKERS
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-FEB-2006 TO 22-JUN-2006
02-FEB-2006
|
|
| 17 |
|
|
BRH WEALTH KREATORS LTD.
(CIN:100717
PAN:AACCB5141L)
(Member : NSE/BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DELAY IN PASSING ON CORPORATE BENIFITS TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 31-MAR-2020 TO 30-SEP-2020
31-MAR-2020
|
SAT: SAT VIDE ITS ORDER DATED 15/02/2021 GRANTED RESPONDENT THREE WEEKS TIME TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. MATTER TO BE LISTED FOR ADMISSION AND FINAL DISPOSAL ON 07/04/2021. STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS OF THE TRIBUNAL
SAT: SAT VIDE ITS ORDER DATED 03/01/2022 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
|
| 18 |
|
|
BUBNA STOCK BROKING SERVICES LTD.
(PAN:AABCB1128L)
(Member : CSE)
|
|
|
|
GOPI CHAND BANSHAL
|
|
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DEFICIENCIES IN REGISTRATION FORMS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 27-JUN-2006
22-MAY-2006
|
|
| 19 |
|
|
C.P.SIKARIA & CO.
(Member : CSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DEFICIENCIES IN REGISTRATION FORMS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 11-DEC-2006
22-MAY-2006
|
|
| 20 |
|
|
CAPSTOCKS & SECURITIES (INDIA) PVT.LTD.
(PAN:AABCC6234A)
(Member : NSE/BSE/MCX)
|
|
|
ALLOWED CLIENTS TO EXECUTE TRANSACTIONS WITHOUT ADEQUATE MARGIN SUPPORT IN SYSTEM AND PASSED CONSEQUENT PENALTIES TO THE CLIENTS
|
IMPOSED PENALTY RS.2,50,000
29-DEC-2017
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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