| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.R.P.SHARES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
EXECUTED TRADES WHERE BROKER HIMSELF WAS BUYER AS WELL AS SELLER
DID NOT EXERCISE DUE CARE AND SKILL IN DEALING WITH CLIENTS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 25-DEC-2006 TO 31-DEC-2006
04-DEC-2006
|
|
| 2 |
|
|
AASTHA INVESTMENTS
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
|
IMPOSED PENALTY RS.1,00,000
30-SEP-2008
|
|
| 3 |
|
|
ABHILASHAA SECURITIES PVT.LTD.
(PAN:AADCA8279K)
(Sub-Broker of KANTILAL MANGALDAS SECURITIES PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF MOH LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 07-AUG-2007 TO 06-SEP-2007
17-JUL-2007
|
|
| 4 |
|
|
ADMIRAL SECURITIES
(Sub-Broker of VSE SECURITIES LTD., Member : BSE,Member : VSE)
|
|
|
DID NOT EXERCISE DUE CARE AND SKILL IN DEALING WITH CLIENTS
OFFLOADED UNLISTED SHARES OF DESIGN AUTO SYSTEMS LTD. IN MARKET WITH ACTIVE CONNIVANCE OF COMPANY MANAGEMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-JAN-2009 TO 09-JAN-2009
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 09-JAN-2009
12-DEC-2008
|
|
| 5 |
|
|
ALLWIN SECURITIES LTD.
(Sub-Broker of JOINDRE CAPITAL SERVICES LTD., Member : BSE)
|
|
|
|
PAWAN MALLAWAT
|
|
DID NOT EXERCISE DUE SKILL AND CARE WHILE DEALING WITH CLIENTS IN SCRIP OF GUJARAT FISCON LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JUN-2007
|
|
| 6 |
|
|
BHAVESH RAMESHCHANDRA MEHTA,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE,Member : SKSE)
|
|
|
|
BHAVESH RAMESHCHANDRA MEHTA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 7 |
|
|
BHAVIN C.THAKRAR,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
BHAVIN C.THAKRAR
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SWORD & SHIELD PHARMA LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JUN-2007
|
|
| 8 |
|
|
BIPIN V.DIWANI,M/S
(Sub-Broker of VYOMIT SHARES STOCKS & INVESTMENTS PVT.LTD., Member : BSE)
|
|
|
|
BIPIN V.DIWANI
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRADES IN SCRIP OF SAWACA COMMUNICATIONS LTD.
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 12-DEC-2008
12-DEC-2008
|
|
| 9 |
|
|
COMPETENT PROFESSIONALS PVT.LTD.
(Sub-Broker of INTEGRATED MASTER SECURITIES PVT.LTD., Member : NSE)
|
|
|
|
ABHAY KOHLI
|
|
|
SANJAY TANDON
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF EIDER INFOTECH LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JAN-2009
|
|
| 10 |
|
|
DEEPAK BHOGILAL SHAH,M/S
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE,Member : ASE)
|
|
|
|
BHARAT SHAH
|
|
|
DEEPAK BHOGILAL SHAH
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 11 |
|
|
E.STOCKS INC.
(PAN:AAAFE9913C)
(Sub-Broker of MANGAL KESHAV SECURITIES LTD., Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
01-JUN-2009
|
|
| 12 |
|
|
GINI ENTERPRISES
(Sub-Broker of PARK LIGHT INVESTMENT PVT.LTD., Member : BSE)
|
|
|
|
TARUN GANDHI
|
|
INDULGED IN PRICE MANIPULATION BY CIRCULAR AND STRUCTURED TRANSACTIONS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 02-APR-2009
12-DEC-2008
|
|
| 13 |
|
|
HACIENDA INVESTMENTS PVT.LTD.
(Sub-Broker of VYOMIT SHARES STOCKS & INVESTMENTS PVT.LTD., Member : BSE, OMNISCIENT SECURITIES PVT.LTD.,THE, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND SELF TRADES IN SCRIP OF SHIRPUR GOLD REFINERY LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF SHIRPUR GOLD REFINERY LTD.
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 19-JUN-2009
29-MAY-2009
|
|
| 14 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Sub-Broker of B.M.GANDHI SECURITIES PVT.LTD., Member : BSE)
|
|
|
AIDED PROMOTERS OF THE COMPANY IN CREATING MISLEADING APPEARANCE OF TRADING IN SCRIP OF NUMERO UNO PROJECTS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN SCRIP OF NUMERO UNO PROJECTS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 13-SEP-2007 TO 12-NOV-2007
23-AUG-2007
|
|
| 15 |
|
|
INFIMAGE SHARES & STOCK
(Sub-Broker of GROWTH AVENUES LTD., Member : NSE)
|
|
|
|
JAYAKANT K.DIWAN
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DEALT IN CASH WITH CLIENTS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT EXERCISE DUE CARE AND DILIGENCE IN EXECUTING SUB-BROKING ACTIVITIES
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-OCT-2006
|
SEBI VIDE ORDER DATED 20/12/2007 APPOINTED AN OFFICER TO CONDUCT PROCEEDINGS. AS SUB BROKER HAD ALREADY PAID PENALTY, OFFICER RECOMMENDED TO DROP THE PROCEEDINGS. PROCEEDINGS STANDS DISPOSED OFF ACCORDINGLY
|
| 16 |
|
|
J.B.SHARES & STOCKS LTD.
(Sub-Broker of INDO SHARES & FINTRADE LTD., Member : BSE)
|
|
|
|
JASMINE B.SHAH
|
|
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
DID NOT EXERCISE REQUIRED PROMPTITUDE AND FAIRNESS IN CONDUCTING BUSINESS TRANSACTIONS AS SUB-BROKERS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-SEP-2004 TO 08-SEP-2005
19-AUG-2004
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE
|
| 17 |
|
|
JANUS STOCK BROKERS PVT.LTD.
(Sub-Broker of INA STOCK BROKING CO.PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF VERONICA LABORATORIES LTD.
|
IMPOSED PENALTY RS.75,000
01-APR-2009
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.40,000 FROM RS.75,000 LEAVING PARTIES TO BEAR THEIR OWN COSTS
|
| 18 |
|
|
JASHVANTLAL VADILAL SHAH,M/S
(Member : ASE)
|
|
|
|
JASHVANTLAL VADILAL SHAH
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF OASIS MEDIA MATRIX LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
07-APR-2010
|
|
| 19 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Sub-Broker of PRABHUDAS LILLADHER PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF CONTINENTAL CONTROLS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-2007
|
|
| 20 |
|
|
KANKESHWARI SECURITIES
(Sub-Broker of ACTION FINANCIAL SERVICES (INDIA) LTD., Member : BSE)
|
|
|
|
NIMESH CHITALIA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SHUKUN CONSTRUCTION LTD.
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
AIDED AND ABETTED CLIENTS IN EXECUTING SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SHUKUN CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
25-MAY-2009
SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000, LEGAL EXPENSES RS.32,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
05-JAN-2010~
|
SAT: ORDER DATED 25/05/2009 DISPOSED OFF. AS APPLICANT AGREED TO PAY RS.3,00,000 TOWARDS AO PENALTY AND RS.32,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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