| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 221 |
|
SHREE YADUGIRI INVESTMENTS
(Member : BGSE)
|
|
|
ACTED AS SUB-BROKER OF COMPOSITE INVESTMENTS PVT.LTD.WITHOUT SEBI REGISTRATION
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 18-OCT-2006 TO 01-NOV-2006
27-SEP-2006
|
|
| 222 |
|
|
SHREEKANT PHUMBHRA & CO.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-2004 TO 06-JUL-2004
17-DEC-2003
|
|
| 223 |
|
|
SHRI PARASRAM HOLDINGS PVT.LTD.
(PAN:AAACS4487J)
(Depository Participants : NSDL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED TRANSFER OF TRADES FROM ONE PRO-ACCOUNT TO ANOTHER PRO-ACCOUNT
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE IN MAINTENANCE OF DETAILS OF BRANCHES AND TRADING TERMINALS
ALLEGED FAILURE IN MAINTAINING DUE DILIGENCE WHILE OPENING BENEFICIAL OWNER ACCOUNTS
ALLEGED INDULGENCE IN WITHDRAWAL OF LARGE CASH AND DEPOSIT IN GROUP COMPANY
ALLEGED FAILURE IN FRAMING ANY POLICY FRAMEWORK AND DID NOT APPOINT ANY PRINCIPAL OFFICER UNDER ANTI MONEY LAUNDERING STANDARDS
ALLEGED DISCREPANCIES IN DISTRIBUTION OF NEAT/CTSL TERMINALS AND ILLEGAL DISTRIBUTION OF TRADING TERMINALS AT BRANCHES
ALLEGED OPERATING TERMINALS FROM UNDISCLOSED PREMISES AND BY UNAUTHORISED USERS AT BRANCHES
ALLEGED PERMISSION TO DEALERS WITHOUT NCFM CERTIFICATION TO DEAL IN DERIVATIVE TRADING
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.53,00,000 VIDE CONSENT ORDER)
06-SEP-2010
|
|
| 224 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
|
|
|
|
SHRIKANT G.MANTRI
|
|
ISSUED BOGUS CONTRACT NOTES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT PAYMENTS TO CLEARING BANKS IN TIME
EXECUTED ONE-SIDED TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-JUL-2003 TILL FURTHER ORDERS
14-JUL-2003
|
|
| 225 |
|
|
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
|
| 226 |
|
|
SKC SHARE & STOCK BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-SEP-2003 TO 02-SEP-2004
13-AUG-2003
|
|
| 227 |
|
|
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
|
|
| 228 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
PERMITTED HIGH EXPOSURE WITHOUT RENEWAL OF BANK GUARANTEE
ENHANCED TURNOVER LIMITS AND HIGH EXPOSURE LIMIT
DID NOT FOLLOW EARLY PAY-IN INSTRUCTIONS OF SEBI
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED SUB-BROKER TO TRADE DURING SUSPENDED PERIOD
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
26-FEB-2008
|
|
| 229 |
|
|
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
|
|
| 230 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SECURITIES MARKET
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN REDRESSAL OF INVESTOR GRIEVANCE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,50,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
31-JUL-2009
|
|
| 231 |
|
|
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
|
|
| 232 |
|
|
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
|
|
| 233 |
|
|
SOMANI STOCK BROKING PVT.LTD.
(Member : CSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
EXECUTED NEGOTIATED DEALS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-OCT-2002 TO 13-APR-2003
17-OCT-2002
|
|
| 234 |
|
|
SOVEREIGN SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE TO FILE FIR IN RESPECT OF STOLEN/FAKE/FORGED SHARES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 235 |
|
|
SPT SECURITIES LTD.
(Member : NSE,Depository Participants : NSDL)
|
|
|
ALLEGED INDULGENCE IN OFF-MARKET TRANSACTIONS
ALLEGED IRREGULAR USE OF CLIENT’S SECURITIES AND FUNDS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 236 |
|
|
SRI GOPAL JAJU,M/S
(Member : HSE,Sub-Broker of BNR CAPITAL SERVICES PVT.LTD., Member : BSE, HSE SECURITIES LTD., Member : NSE)
|
|
|
|
SRI GOPAL JAJU
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
17-SEP-2007
|
|
| 237 |
|
|
SUDHIR JOSHI & ASSOCIATES
(Member : DSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JUN-1998
|
|
| 238 |
|
|
SUDHIR RATHI
(Member : PSE)
|
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-FEB-1999 TO 11-AUG-1999
05-FEB-1999
|
|
| 239 |
|
|
SUMEDHA FISCAL SERVICES LTD.
(Member : NSE)
|
|
|
|
BHAVANI SHANKAR RATHI
|
|
|
BIJAY MUMURIA
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND DOCUMENT REGISTER
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN CLIENT AGREEMENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-JUN-2003 TO 08-OCT-2003
19-MAY-2003
|
SAT: IMPUGNED ORDER MODIFIED AND PENALTY REDUCED FROM SUSPENSION OF 4 MONTHS TO STRONG WARNING,APPEAL DISPOSED OFF WITH NO ORDER AS TO COSTS
|
| 240 |
|
|
SUNIL KUMAR KAYAN & CO.
(PAN:AGDPK5151F)
(Member : CSE)
|
|
|
|
SUNIL KUMAR KAYAN
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN UNAUTHORISED TRADES IN F&O SEGMENT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-DEC-2003 TILL PENDING ENQUIRY
09-DEC-2003
|
REVOKED RESTRICTION IMPOSED ON BROKER FROM 12/07/2005
|
| 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 12 of 13
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