| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ABHIPRA CAPITAL LTD.
(PAN:AABCA1702F)
(Member : NSE)
|
|
|
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DUPLICATE CONTRACT NOTES NOT SIGNED BY BROKER
DID NOT OBTAIN ACKNOWLEDGEMENT FROM CLIENTS
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
02-NOV-2006
|
ADVISORY COMPLIED WITH
|
| 2 |
|
|
ABHIPRA CAPITAL LTD.
(PAN:AABCA1702F)
(Member : NSE/BSE/OTC)
|
|
|
DID NOT REFUND MONEY COLLECTED UNDER CIS
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.1,00,000 VIDE CONSENT ORDER)
08-APR-2009
|
INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LIMITED ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI’S WITHIN 30 DAYS
INTERIM ORDER DATED 29/10/2007 MODIFIED BY LIFTING 30 DAYS TIME STIPULATED THEREIN FOR SETTLING THE DUES OF JOHARI’S.SAME AS ABOVE 10 MATTER SETTLED THROUGH ARBITRATION AWARD AND BY CONSENT ORDER DATED 8.04.2009
|
| 3 |
|
|
ABHIPRA CAPITAL LTD.
(PAN:AABCA1702F)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/OTC)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT REDRESS INVESTOR COMPLAINTS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
VIOLATED SEBI CODE OF CONDUCT
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
STOCK EXCHANGE ADVISED TO DEBIT MEMBER’S DEPOSIT
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, ADMINISTRATION CHARGES RS.1,00,000 VIDE CONSENT ORDER)^CO^08-APR-2009
D FROM UNDERTAKING FRESH BUSINESS AS REGISTRAR FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
DIRECTED NOT TO OPEN FRESH DEMAT ACCOUNTS FROM 17-AUG-2007 PENDING COMPLETION OF ENQUIRY PROCEEDINGS
17-AUG-2007~
|
INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LIMITED ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI’S WITHIN 30 DAYS
INTERIM ORDER DATED 17/08/2007 MODIFIED TO THE EXTENT THAT ABHIPRA CAPITAL LTD. ALLOWED TO OPEN NEW TRADING ACCOUNTS AS WELL AS DIRECTED TO SUBMIT DOCUMENTARY EVIDENCE FOR SETTLEMENT OF THE DUES OF JOHARI'S WITHIN 30 DAYS
|
| 4 |
|
|
ALKA SECURITIES LTD.
(PAN:AAACA4835E)
(Member : NSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
DEALT WITH UNREGISTERED ENTITIES
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-JAN-2010
30-OCT-2009
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 5 |
|
|
ALLIANCE FINSTOCK LTD.
(Member : BSE/OTC/PSE)
|
|
|
ALLEGED FAILURE/DELAY IN PAYMENT OF DIVIDENDS TO CLIENTS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
16-SEP-2008
|
|
| 6 |
|
|
ANAND RATHI FINANCIAL SERVICES LTD.
(PAN:AABCA3577G)
(Member : NSE)
|
|
|
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.6,00,000
07-FEB-2011
|
|
| 7 |
|
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Member : NSE/MCX/NCDEX/BSE)
|
|
|
DID NOT FIND TRADING TERMINAL AT LOCATION REPORTED BY NOTICEE TO EXCHANGE
DID NOT CONDUCT PROPER INSPECTION OF AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.7,00,000
23-AUG-2024
|
|
| 8 |
|
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Member : BSE)
|
|
|
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.6,00,000
07-FEB-2011
|
|
| 9 |
|
|
ANIL DHAWAN & CO.
(Member : DSE)
|
|
|
|
ANIL DHAWAN
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DID NOT ISSUE CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-JUN-2008 TO 10-JUN-2008
14-MAY-2008
|
|
| 10 |
|
|
ARHAM SHARE PVT.LTD.
(PAN:AAICA6860F)
(Member : NSE/BSE)
|
|
|
DID NOT OPERATE FROM THE LOCATION REPORTED BY NOTICEE TO EXCHANGES
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
ALLOWED UNREGISTERED ENTITIES/CLIENTS TO OPERATE TRADING TERMINAL
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
PAID INCENTIVES TO CLIENTS IN CASH
DID NOT MAINTAIN PRE-ORDER CONFIRMATION FOR TRADES
|
IMPOSED PENALTY RS.7,00,000
20-FEB-2025
|
|
| 11 |
|
|
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
|
|
| 12 |
|
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
(PAN:AAACA5009N)
(Depository Participants : CDSL,Member : NSE/BSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
MADE INCORRECT RETENTION STATEMENT
TRADING TERMINAL NOT OPERATED BY PERSON AS PER EXCHANGE RECORDS
TRADING TERMINALS NOT FOUND AT THE INSPECTION LOCATION
|
IMPOSED PENALTY RS.27,00,000
19-JAN-2021
|
SAT: SAT VIDE ITS ORDER DATED 10/05/2021 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. MEANWHILE, IF THE APPELLANT DEPOSIT 50% OF PENALTY AMOUNT WITHIN THREE WEEKS FROM DATE OF THIS ORDER THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING THE PENDENCY OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 10/11/2021 DIRECTED TO FILE WRITTEN SUBMISSION WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 13 |
|
|
ATUL M.CHOKSHI,M/S
(Member : ASE)
|
|
|
|
ATUL MANHARLAL CHOKSHI
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT MENTION CLIENT NUMBERS ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
28-DEC-2005
|
|
| 14 |
|
|
BAKLIWAL FINANCIAL SERVICES (INDIA) PVT.LTD.
(Member : NSE/BSE)
|
|
|
FACILITATED TRANSACTIONS AT NSE OF A COMPANY NOT LISTED AT NSE
ACTED IN CONCERT TO CREATE ARTIFICIAL MARKET/PRICE IN SCRIP OF ELTROL LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TILL FURTHER ORDERS
05-OCT-2005
|
DIRECTION ISSUED VIDE AD INTERIM EX-PARTE ORDER DATED 05/10/2005 REVOKED VIDE ORDER DATED 28/07/2010
|
| 15 |
|
|
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
|
| 16 |
|
|
BHUPENDRA MEGHJI BHEDA,M/S
(Member : BSE)
|
|
|
|
BHUPENDRA MEGHJI BHEDA
|
|
DID NOT MONITOR FUNCTIONING OF TERMINAL ALLOTTED TO CLIENTS
DID NOT EXERCISE DUE SKILL AND CARE IN MATTER OF EONOUR TECHNOLOGIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-JAN-2006 TO 15-FEB-2006
27-DEC-2005
|
SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED
|
| 17 |
|
|
CENTURY FINVEST PVT.LTD.
(PAN:AAACC3253A)
(Member : NSE)
|
|
|
ALLOWED UNREGISTERED ENTITIES/CLIENTS TO OPERATE TRADING TERMINAL
AIDED AND ABETTED BHADRA GUPTA SECURITIES PVT.LTD. TO CARRYOUT UNREGISTERED SUB-BROKER ACTIVITIES
DID NOT COLLECT MARGINS FROM CLIENTS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 09-SEP-2019 TO 08-SEP-2020
15-SEP-2015
|
SAT: SAT VIDE ITS ORDER DATED 09/09/2019 PARTLY ALLOWED THE APPEAL BY MODIFYING ORDER OF ONE YEAR SUSPENSION TO ONE YEAR RESTRICTION FROM TAKING ANY FRESH CLIENTS FROM DATE OF THIS ORDER. NO COSTS
|
| 18 |
|
|
CHOICE EQUITY BROKING PVT.LTD.
(PAN:AADCC8390B)
(Member : NSE/MCX)
|
|
|
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
MOVED FUNDS BETWEEN CLIENT AND AUTHORIZED PERSON
AUTHORIZED PERSON NOT WORKING FROM ADDRESS PROVIDED TO STOCK EXCHANGES
DID NOT REPORT CLIENTS MAPPED TO AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.2,00,000
09-OCT-2024
|
SEBI VIDE ITS NOTICE DATED 01/01/2025 DIRECTED TO PAY RS.2,09,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 16/01/2025 CANCELLED THE RECOVERY CERTIFICATE NO.8494 OF 2025 DATED 01/01/2025
|
| 19 |
|
|
COCHIN STOCK BROKERS LTD.
(Member : BSE/NSE)
|
|
|
PERMITTED TRADING TO SUB-BROKERS WITHOUT COLLECTING BMC
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
24-JAN-2006
|
|
| 20 |
|
|
COMFORT SECURITIES LTD.
(PAN:AABCC9625R)
(Member : NSE/MCX/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT UPLOAD CLIENT BANK ACCOUNT DETAILS TO STOCK EXCHANGE
DID NOT UPLOAD PLEDGED SHARES OF CLIENTS AS PER ENHANCED SUPERVISION REQUIREMENT
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT MAINTAIN PRESCRIBED GAP OF 90 DAYS BETWEEN TWO SETTLEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT MAINTAIN SEPARATE CLIENT-WISE LEDGERS FOR FUNDS AND SECURITIES OF CLIENTS FOR MARGIN TRADING FUNDING (MTF) TRANSACTIONS
DID NOT ADHERE TO LEVERAGE AND EXPOSURE LIMITS AS PRESCRIBED WHILE GRANTING MARGIN TRADING FACILITY
DISCREPANCIES IN PLEDGE TRANSACTIONS
DID NOT SEND STATEMENT OF PLEDGE & FUNDS RAISED TO CLIENTS AS AND WHEN SECURITIES ARE PLEDGED/UNPLEDGED
MADE INCORRECT RETENTION STATEMENT
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPLOAD KYC DATA WITH CKYCR
DISCREPANCIES IN PLEDGE/UN-PLEDGE/CONFISCATION PROCESS
ALLOWED UNREGISTERED ENTITIES/CLIENTS TO OPERATE TRADING TERMINAL
DID NOT DISPLAY INFORMATION OF GRIEVANCE REDRESSAL MECHANISM AT AUTHORISED PERSON OFFICES
|
IMPOSED PENALTY RS.7,00,000
28-MAY-2021
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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