| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AADYA STOCKS PVT.LTD.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN MEETING PAY-IN-OBLIGATION AND MARGIN TO STOCK EXCHANGE
DID NOT TRANSFER DIVIDEND TO CLIENTS ACCOUNT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-FEB-2006 TO 01-JUN-2006
13-JAN-2006
|
|
| 2 |
|
|
ANNAPOORNA & CO.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
JAGDISH V.AHUJA
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.20,000 ALONG WITH OTHER ENTITIES/PERSONS
31-DEC-2004
|
|
| 3 |
|
|
CHOTHANI GROWTH & INVESTMENTS PVT.LTD.
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
PERMITTED CLIENTS TO TRADE BEFORE THE AGREEMENT DATE
PERMITTED CLIENTS TO EXECUTE TRADE BEFORE OBTAINING CLIENT REGISTRATION FORM
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN INDIRECT FUNDING TO CLIENTS
FAILED TO DELIVER SHARES TO CLIENTS
DID NOT MAKE PAYMENT TO CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
|
IMPOSED PENALTY RS.1,50,000
31-JAN-2006
|
|
| 4 |
|
|
H R INVESTMENTS PVT.LTD.
(Sub-Broker of NAMAN SECURITIES & FINANCE PVT.LTD., Member : BSE)
|
|
|
|
H.R.SHROFF
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
DID NOT COLLECT UPFRONT MARGINS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 20-JAN-2006 TO 18-FEB-2006
30-DEC-2005
|
|
| 5 |
|
|
I TRADE LTD.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED IN MEETING PAY-IN-OBLIGATION AND MARGIN TO STOCK EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 6 |
|
|
J.GEETHA,M/S
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
|
J.GEETHA
|
|
DID NOT ADHERE TO THE RULES, BYELAWS AND REGULATIONS OF THE STOCK EXCHANGE
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-NOV-2004 TO 01-MAY-2005
12-OCT-2004
|
|
| 7 |
|
|
KASTHURIRANGAN & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,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
|
| 8 |
|
|
KATTIKAREN & CO.
(Sub-Broker of COCHIN STOCK BROKERS LTD., Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
IRREGULARITIES BY SMIFS SECURITIES LTD. IN ISSUANCE OF CONTRACT NOTES, NON-SEGREGATION OF CLIENT/OWN FUNDS ETC.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
04-DEC-2006
|
|
| 9 |
|
|
M&M CAPITAL & INVESTMENTS PVT.LTD.
(Sub-Broker of COCHIN STOCK BROKERS LTD., Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT SUBMIT AUDITED CERTIFICATE ON QUARTERLY BASIS TOWARDS MAINTENANCE OF MANDATORY MARGIN REQUIREMENT
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-JAN-2007
|
|
| 10 |
|
|
MACO SECURITIES PVT.LTD.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
MAHESH BAJAJ
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
|
IMPOSED PENALTY RS.20,000
31-DEC-2004
|
|
| 11 |
|
|
MAHEK CONSULTANTS
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF BHORUKA FINANCIAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
ACTED AS SUB-BROKER OF KOLAR SHARES PVT.LTD. WITHOUT SEBI REGISTRATION
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-MAR-2007 TO 14-APR-2007
22-FEB-2007
|
|
| 12 |
|
|
MALAR SHARESHOPPE LTD.
(Sub-Broker of RAMRAKH R.BOHRA, Member : BSE)
|
|
|
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
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-NOV-1998 TO 01-MAY-2000
17-NOV-1999
|
|
| 13 |
|
|
MANI & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,Member : MDSE)
|
|
|
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
|
| 14 |
|
|
NARENDRA SHANKERLAL TANNA,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
NARENDRA SHANKERLAL TANNA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF BHORUKA FINANCIAL SERVICES LTD.
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-FEB-2007
|
|
| 15 |
|
|
OM SHARES & SECURITIES
(Sub-Broker of M.P.VORA SHARES & SECURITIES LTD., Member : BSE)
|
|
|
|
SAMEER K.CHOTAI
|
|
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN OFF-MARKET TRANSACTIONS
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-OCT-2004 TILL PENDING ENQUIRY
14-OCT-2004
|
|
| 16 |
|
|
ORIENTAL STOCKS
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
|
V.NAGAPPAN
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.10,000 ALONG WITH OTHER ENTITIES/PERSONS
31-DEC-2004
|
|
| 17 |
|
|
PATTERSON & CO.PVT.LTD.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JAN-2006
|
|
| 18 |
|
|
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
|
|
| 19 |
|
|
SHAILEE SECURITIES
(Sub-Broker of PRAMODKUMAR JAIN SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
JANAK B.RAJA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY THE CLIENTS WITHOUT ANY INTENTION OF GIVING OR TAKING DELIVERY OF SHARES OF MOREPEN HOTELS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2006 TO 16-MAR-2006
27-DEC-2005
|
|
| 20 |
|
|
SHARAVU SECURITIES PVT.LTD.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
N.M.GIRISH
|
|
|
RAMCHANDRA
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.20,000
31-DEC-2004
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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