| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ADITYA & CO.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
L.S.GURURAJ
|
|
INDULGED IN MATCHING TRANSACTION OF HIS OWN CLIENTS WITHOUT ROUTING THE TRADES THROUGH THE MEMBER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-JUL-2007 TO 23-JUL-2007
18-JUN-2007
|
|
| 2 |
|
|
ADITYA SECURITIES
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED EXTENDING MARGIN FACILITY TO CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
04-DEC-2007
|
|
| 3 |
|
|
ARIHANT INVESTMENT
(Sub-Broker of ANAND RATHI SHARE & STOCK BROKERS LTD., Member : NSE)
|
|
|
|
BHADRESH SANGHVI
PAN:AXDPS8704K
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
ENGAGED IN ILLEGAL TRADING VIOLATING SECTION 19 (1) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
ISSUED CONTRACT NOTES IN DIFFERENT FORMAT FROM THAT PRESCRIBED BY EXCHANGE VIOLATING REGULATION 7 READ WITH CLAUSES B(2) READ WITH REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 AND SEBI CIRCULARS NO.MIRSD/DPS-1/CIR-31/2004 DATED 26/08/2004 AND SMD(B)/104/22775/93 DATED 29/10/1993
DISPLAYED MISLEADING BOARD AND NOT DISPLAYED REGISTRATION CERTIFICATE VIOLATING NSE CIRCULAR NO.NSE/MEM/1591 DATED 20/04/2000
OPERATED IML TERMINAL WITHOUT REQUIRED CERTIFICATION VIOLATING BSE NOTICE NO.20070522-25 DATED 22/05/2007 AND 20071024-28 DATED 24/10/2007
DEALT WITH ANOTHER STOCK BROKER FOR OWN TRADE VIOLATING CIRCULAR NO.SEBI/MIRSD/CIR-06/2004 AND REGULATION 2.1.12(A) OF CAPITAL MARKET SEGMENT OF NSE
DID NOT ABIDE BY RULES, REGULATIONS AND BYELAWS OF STOCK EXCHANGE VIOLATING REGULATION 12A (1) (A) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-DEC-2009 TILL FURTHER ORDERS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-DEC-2009 TILL FURTHER ORDERS
DIRECTED NSDL AND CDSL NOT TO GIVE EFFECT TO ANY DEBIT INSTRUCTION IN DEMAT ACCOUNTS OF SUB BROKER OR OF ANY BENEFICIAL OWNER ON AUTHORITY OF POWER OF ATTORNEY
21-DEC-2009
|
DIRECTIONS ISSUED VIDE AD-INTERIM EX-PARTE ORDER DATED 21/12/2009 CONFIRMED VIDE ORDER DATED 30/08/2010
|
| 4 |
|
|
BHAVESH R.MEHTA,M/S
(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE, SHREE NAVKAR INVESTMENTS, Member : NSE)
|
|
|
|
BHAVESH R.MEHTA
|
|
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED DEALING AS AN UNREGISTERED INTERMEDIARY ON F&O SEGMENT
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2010
|
|
| 5 |
|
|
DEVICHAND HANSRAJ OSWAL,M/S
(Sub-Broker of PSE SECURITIES LTD., Member : NSE)
|
|
|
|
DEVICHAND HANSRAJ OSWAL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-FEB-2006 TO 03-APR-2006
12-JAN-2006
|
SAT: IMPUGNED ORDER MODIFIED BY CONVERTING SUSPENSION OF 2 MONTHS INTO MONETARY PENALTY OF RS.50,000
SAT: SAT VIDE ITS ORDER DATED 02/05/2016 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
|
| 6 |
|
|
DOSHI STOCK BROKING PVT.LTD.
(Sub-Broker of PARKLIGHT INVESTMENT PVT.LTD., Member : BSE)
|
|
|
|
BHUPENDRA AMRUTLAL SHAH
|
|
|
SEVANTILAL H.SHAH
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.10,000
31-AUG-2005
|
|
| 7 |
|
|
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
|
| 8 |
|
|
JHAVERI SECURITIES
(Sub-Broker of RAJESH JHAVERI STOCK BROKERS PVT.LTD., Member : ASE)
|
|
|
|
TUSHAR SHARADBHAI JHAVERI
PAN:AACPZ7287J
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
03-AUG-2006
|
AS APPLICANT FAILED TO PAY PENALTY OF RS.1,00,000 IMPOSED VIDE ORDER DATE 03/08/2006 HENCE CERTIFICATE OF SUB-BROKER CANCELLED IMMEDIATELY ON EXPIRY OF TWENTY ONE DAYS FORM THE DATE OF THIS ORDER
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 9 |
|
|
JHAVERI SECURITIES
(Sub-Broker of RAJESH JHAVERI STOCK BROKERS PVT.LTD., Member : ASE)
|
|
|
|
TUSHAR SHARADBHAI JHAVERI
PAN:AACPZ7287J
|
|
ALLEGED NOT RESPONDING TO LETTERS/SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.20,000 ALONG WITH OTHER ENTITIES/PERSONS
30-APR-2005
|
|
| 10 |
|
|
JHAVERI SECURITIES
(Sub-Broker of RAJESH JHAVERI STOCK BROKERS PVT.LTD., Member : ASE)
|
|
|
|
TUSHAR SHARADBHAI JHAVERI
PAN:AACPZ7287J
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
16-MAY-2005
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 02/01/2015 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 11 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of ACME SHARES & STOCK PVT.LTD., Member : BSE)
|
|
|
|
MAHENDRA S.THAKKAR
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.25,000
24-NOV-2005
|
|
| 12 |
|
|
MODERN SECURITY TRADERS
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT DATABASE
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-AUG-2007 TO 11-SEP-2007
07-AUG-2007
|
|
| 13 |
|
|
MUDIT GARG,M/S
(Sub-Broker of BANSAL SHAREVEST SERVICES LTD., Member : NSE)
|
|
|
|
MUDIT GARG
|
|
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006
27-JUN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.7,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
31-JUL-2008~
|
SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008
|
| 14 |
|
|
S.P.SINGH & CO.
(PAN:AJOPS4498K)
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,10,000
21-JUN-2011
|
|
| 15 |
|
|
SHARE AIDS
(PAN:AELPP3342M)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
GUNVANT J.ZALADI
PAN:AELPP3342M
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES AS REQUIRED UNDER REGULATION 7 READ WITH CLAUSES A(1) AND D(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF NETVISION WEB TECHNOLOGIES LTD.
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF NETVISION WEB TECHNOLOGIES LTD.
|
IMPOSED PENALTY RS.3,50,000
22-AUG-2011
|
|
| 16 |
|
|
SHRI PARSHWA FINANCE
(Sub-Broker of P.SURYAKANT SHARE & STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
|
PIYUSH SUBODHCHANDRA JHAVERI
|
|
DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
23-DEC-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.5,00,000
|
| 17 |
|
|
SMART GROWTH SECURITIES
(Sub-Broker of N.C.JAIN,M/S, Member : BSE)
|
|
|
|
RAHUL KALRA
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.10,000
16-AUG-2005
|
|
| 18 |
|
|
SPARKLING SECURITIES
(Sub-Broker of CHURIWALA SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
MANOHAR K.MILWANI
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.1,00,000
30-JUN-2006
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 21/09/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS , DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 19 |
|
|
SS ASSOCIATES
(Sub-Broker of INDIA INFOLINE LTD., Member : BSE)
|
|
|
DID NOT SUBMIT INFORMATION DURING INSPECTION AND POST-INSPECTION
TRANSFERRED FUNDS TO NON-CLIENTS
DEPOSITED CASH IN BANK ACCOUNTS
TRANSFERRED FUNDS TO CLIENTS
DID NOT SUBMIT NISM CERTIFICATE OF DEALER
ACCEPTED FUNDS FROM CLIENTS AS LOAN
|
IMPOSED PENALTY RS.4,00,000
29-MAR-2022
|
SEBI VIDE ITS NOTICE DATED 20/01/2023 DIRECTED TO PAY RS.4,45,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 20 |
|
|
SURE CAPITAL PVT.LTD.
(CIN:U67120PN1999PTC014178)
(Sub-Broker of PSE SECURITIES LTD., Member : NSE)
|
|
|
|
ASHOK RAJMAL NAHAR
|
|
|
MILIND UDAYSING BADGUJAR
|
|
|
SURENDRA PUNAMCHAND BEDMUTHA
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
IMPOSED PENALTY RS.1,50,000
01-OCT-2004
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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