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Co-Sponsors
SOURCE OF INFORMATION

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 : 03-JUL-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.

STOCK BROKERS: INDULGED IN UNAUTHORISED CARRY FORWARD TRANSACTIONS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person A.M.& CO.

(Member : UPSE)  
  DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-JAN-1998 TO 14-MAR-1998

31-DEC-1997 		 
2
History of entity/person A.R.AGGARWAL & CO.

(Member : LSE)  
Click here to view complete history of this specific entity/person ASHOK KUMAR AGGARWAL
  		DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

20-OCT-1999 		 
3
History of entity/person AGRAWAL INVESTMENTS

(Member : UPSE)  
Click here to view complete history of this specific entity/person SHIV DARSHAN AGRAWAL
  		INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-JAN-1999 TO 18-APR-1999

14-JAN-1999 		 
4
History of entity/person AJAY SECURITIES PVT.LTD.

(Member : UPSE)  
  INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-MAR-2005 TO 10-MAR-2006

18-FEB-2005 		 
5
History of entity/person AMAR NATH KHETAN

(Member : UPSE)  
  INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-MAR-1999 TO 08-MAY-1999

05-MAR-1999 		 
6
History of entity/person ANIL KUMAR AGARWAL,M/S

(Member : UPSE)  
Click here to view complete history of this specific entity/person ANIL KUMAR AGARWAL
  		COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT AFFIX BROKER NOTE STAMPS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-APR-2004 TO 11-AUG-2004

22-MAR-2004 		 
7
History of entity/person APOORVA SECURITIES PVT.LTD.

(PAN:AACCA2937P)

(Sub-Broker of UPSE SECURITIES LTD., Member : BSE,Member : UPSE)  
  DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DEFICIENCIES IN CLIENT DATABASE

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

INDULGED IN OFF-MARKET TRANSACTIONS

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-NOV-2008 TO 27-JAN-2009

SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-NOV-2008 TO 27-JAN-2009

07-NOV-2008 		 
8
History of entity/person APOORVA SECURITIES PVT.LTD.

(PAN:AACCA2937P)

(Member : UPSE)  
  INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-MAR-2005 TO 10-MAR-2006

18-FEB-2005 		 
9
History of entity/person ARULRAJ & CO.

(Member : BGSE)  
  DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DID NOT ISSUE CONTRACT NOTES

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

INDULGED IN GALA TRANSACTIONS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT REDRESS INVESTOR COMPLAINTS   		CANCELLED REGISTRATION AS STOCK BROKER FROM 26-FEB-1998

04-MAR-1998 		 
10
History of entity/person ARUN GOEL & CO.

(Member : UPSE)  
  INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

MISUSED DEBIT NOTE FACILITY IN STOCK EXCHANGE   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-FEB-1999 TO 08-MAY-1999

05-FEB-1999 		 
11
History of entity/person ARUNA AGGARWAL,M/S

(Member : LSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

13-OCT-1999 		 
12
History of entity/person ASHOK CHINUBHAI SHAH,M/S

(Member : ASE)  
Click here to view complete history of this specific entity/person ASHOK CHINUBHAI SHAH
  		DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

EXECUTED CROSS DEALS AMONG CLIENTS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

EXECUTED FICTITIOUS TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-2002 TO 06-MAY-2002

10-JAN-2002 		 
13
History of entity/person ATUL CHHABILDAS DOSHI,M/S

(Member : ASE)  
Click here to view complete history of this specific entity/person ATUL CHHABILDAS DOSHI
  		DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEFICIENCIES IN CLIENT DATABASE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-SEP-1999 TO 26-NOV-1999

24-SEP-1999 		 
14
History of entity/person B.N.KAKKAR & CO.

(Member : UPSE)  
Click here to view complete history of this specific entity/person B.N.KAKKAR
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-JAN-1999 TO 18-MAR-1999

15-JAN-1999 		 
15
History of entity/person BEDI & CO.

(Member : LSE)  
Click here to view complete history of this specific entity/person RAJAN BEDI
  		DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

08-OCT-1999 		 
16
History of entity/person BHARAT KUMAR & CO.

(Member : UPSE)  
Click here to view complete history of this specific entity/person BHARAT KUMAR
  		INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-APR-1999 TO 26-JUN-1999

21-APR-1999 		 
17
History of entity/person BHOJWANI SECURITIES PVT.LTD.

(CIN:U65993MH1993PTC070873
PAN:AAACB4604N)

(Member : PSE)  
  INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

13-AUG-1997 		 
18
History of entity/person BIMAL KUMAR JALAN,M/S

(Member : UPSE)  
Click here to view complete history of this specific entity/person BIMAL KUMAR JALAN
  		INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

MISUSED DEBIT NOTE FACILITY IN STOCK EXCHANGE

DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE

DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-FEB-2000 TO 07-APR-2000

02-FEB-2000 		 
19
History of entity/person BINDU PATNI,M/S

(Member : PSE)  
Click here to view complete history of this specific entity/person B.C.PATNI
  		INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-SEP-1997 TO 30-NOV-1997

13-AUG-1997 		 
20
History of entity/person BRAJESH NEEMA & CO.

(Member : MPSE)  
Click here to view complete history of this specific entity/person BRAJESH KUMAR NEEMA
  		COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT REFUND MONEY COLLECTED UNDER CIS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DEFAULTED IN MAINTENANCE OF PROPER BILL BOOK

MISUTILIZED EXCHANGE MEMBERSHIP RIGHTS

INDULGED IN FINANCIAL TRANSACTIONS

NON-COOPERATION WITH SEBI IN INVESTIGATIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

24-JUL-1998 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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