| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 181 |
|
SHAILESH SHAH SECURITIES PVT.LTD.
(PAN:AAECS3607E)
(Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
20-FEB-2002
|
|
| 182 |
|
|
SHARAD KUMAR BALCHAND SHAH,M/S
(Member : PSE)
|
|
|
|
SHARAD KUMAR BALCHAND SHAH
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-SEP-2006
|
|
| 183 |
|
|
SHASHIKANT M.DAMANI,M/S
(Member : BSE)
|
|
|
|
SHASHIKANT M.DAMANI
|
|
DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED NEGOTIATED DEALS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT AGREEMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-OCT-2004 TO 31-DEC-2004
10-SEP-2004
|
|
| 184 |
|
|
SHASWAT STOCK BROKERS PVT.LTD.
(CIN:U36939GJ1997PTC032767)
(Member : ASE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT FURNISH INFORMATION, RETURN ETC. TO SEBI
INDULGED IN OFF-MARKET TRANSACTIONS
|
IMPOSED PENALTY RS.12,00,000
15-NOV-2019
|
SAT: SAT VIDE ITS ORDER DATED 20/05/2021 ALLOWED APPELLANT THREE WEEKS FURTHER TIME TO FILE REJOINDER
SAT:SAT VIDE ITS ORDER DATED 28/09/2021 ALLOWED APPELLANTS THREE WEEKS TIME TO FILE REJOINDER
|
| 185 |
|
|
SHREE BAHUBALI STOCK BROKING LTD.
(PAN:AAECS4019E)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT ISSUE STATEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
IMPOSED PENALTY RS.5,50,000
30-AUG-2022
|
SEBI VIDE ITS NOTICE DATED 11/05/2023 DIRECTED TO PAY RS.6,06,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 15/05/2023 CANCELLED THE RECOVERY PROCEEDINGS IN THE MATTER OF SHREE BAHUBALI STOCK BROKING LTD. IN RECOVERY CERTIFICATE NO.6535 OF 2023 DATED 11/05/2023
|
| 186 |
|
|
SHREE YADUGIRI INVESTMENTS
(Member : BGSE)
|
|
|
|
K.SEETHARAM
|
|
DEFICIENCIES IN CLIENT DATABASE
FAILED TO DELIVER SHARES TO CLIENTS
|
IMPOSED PENALTY RS.50,000
24-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.50,000
|
| 187 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
|
|
|
|
SHRIKANT G.MANTRI
|
|
ALLEGED NON-MAINTENANCE OF CONSENT OF CLIENTS IN RESPECT OF CONTRACTS
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED DELAY IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE TO REPORT OFF-THE-FLOOR TRANSACTIONS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED FAILURE IN MAINTENANCE OF CERTAIN BOOKS OF ACCOUNTS AND RECORDS SUCH AS ORDER BOOK, MARGIN DEPOSIT BOOK, REGISTER OF ACCOUNT OF SUB BROKER
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
05-FEB-2008
|
|
| 188 |
|
|
SHRINE INVESTMENTS
(Member : PSE)
|
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT ISSUE CONTRACT NOTES
FAILED TO DELIVER SHARES TO CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 29-DEC-2006 TO 12-JAN-2007
08-DEC-2006
|
|
| 189 |
|
|
SHRIRAM INSIGHT SHARE BROKERS LTD.
(PAN:AAACI2727H)
(Member : NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT POWER OF ATTORNEY (POA)
DELAY IN OPENING OF ACCOUNTS OF CLIENTS
WRONG/DELAY INTIMATION OF DETAILS OF ID AND LOCATION OF CTCL/IML TO EXCHANGE
DID NOT HAVE PROPER ORDER MANAGEMENT SYSTEM IN PLACE
SHORT COLLECTION OF MARGIN FROM CLIENTS IN DERIVATIVE SEGMENT
DEFICIENCIES IN SYSTEMS AUDIT REPORT FOR YEAR 2011-12
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT MAINTAIN MAINTENANCE MARGIN
|
IMPOSED PENALTY RS.10,00,000
26-JUN-2020
|
SAT: SAT VIDE ITS ORDER DATED 04/01/2022 ALLOWED THE APPEAL AND QUASHED IMPUGNED ORDER DATED 26/06/2020
|
| 190 |
|
|
SHUBHAM & CO.
(Member : UPSE)
|
|
|
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
|
IMPOSED PENALTY RS.1,60,000
17-AUG-2004
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 191 |
|
|
SHUBHAM & CO.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND DOCUMENT REGISTER
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT APPOINT COMPLIANCE OFFICER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MONITOR CLIENT TO CLIENT POSITION OF FUNDS
DID NOT PAY TURNOVER FEE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
12-JAN-2006
|
|
| 192 |
|
|
SHYAM SUNDAR DALMIA,M/S
(Member : CSE)
|
|
|
|
SHYAM SUNDAR DALMIA
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
IRREGULARITIES IN REGISTRATION OF CLIENTS
EXECUTED MATCHING TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-DEC-2003 TO 25-MAR-2004
05-DEC-2003
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION OF 3 MONTHS TO SIMPLE WARNING,APPEAL DISPOSED OF,NO ORDER AS TO COSTS
|
| 193 |
|
|
SI INVESTMENTS & BROKING PVT.LTD.
(Member : BSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
NETTED TRANSACTIONS SCRIP WISE AND THEN REPORTED AS CARRY FORWARD TRANSACTIONS TO EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
21-FEB-2000
|
|
| 194 |
|
|
SI INVESTMENTS & BROKING PVT.LTD.
(Member : BSE)
|
|
|
|
ANAND PADMANABHAN
|
|
|
SHRIDHAR P.IYER
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN DESPATCH RECORDS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT ISSUE ADVERTISEMENT REGARDING CANCELLATION OF AFFILIATED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
IMPOSED PENALTY RS.1,00,000
17-NOV-2004
|
|
| 195 |
|
|
SINGHI FINLEASE PVT.LTD.
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
|
IMPOSED PENALTY RS.1,00,000
01-NOV-2004
|
|
| 196 |
|
|
SKG STOCK & SHARE BROKERS LTD.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-AUG-2002
|
|
| 197 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : LSE/NSE/OTC)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
ALLEGED IRREGULARITIES IN MAINTENANCE OF ACKNOWLEDGEMENT COPY OF CONTRACT NOTE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
30-APR-2008
|
|
| 198 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : LSE/OTC/NSE)
|
|
|
ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE
ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS
ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT
ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION
ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS
ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME
ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS
ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING
ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL
ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
08-AUG-2008
|
|
| 199 |
|
|
SMIFS SECURITIES LTD.
(Member : CSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED FAILURE IN MAINTENANCE OF CLIENT DATABASE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
17-SEP-2008
|
|
| 200 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
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| Page 10 of 12
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