| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
CAPSTOCKS & SECURITIES (INDIA) PVT.LTD.
(PAN:AABCC6234A)
(Member : NSE/BSE/MCX)
|
|
|
ALLOWED CLIENTS TO EXECUTE TRANSACTIONS WITHOUT ADEQUATE MARGIN SUPPORT IN SYSTEM AND PASSED CONSEQUENT PENALTIES TO THE CLIENTS
|
IMPOSED PENALTY RS.2,50,000
29-DEC-2017
|
|
| 22 |
|
|
CENTURY FINVEST PVT.LTD.
(PAN:AAACC3253A)
(Member : NSE)
|
|
|
ALLOWED UNREGISTERED ENTITIES/CLIENTS TO OPERATE TRADING TERMINAL
AIDED AND ABETTED BHADRA GUPTA SECURITIES PVT.LTD. TO CARRYOUT UNREGISTERED SUB-BROKER ACTIVITIES
DID NOT COLLECT MARGINS FROM CLIENTS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 09-SEP-2019 TO 08-SEP-2020
15-SEP-2015
|
SAT: SAT VIDE ITS ORDER DATED 09/09/2019 PARTLY ALLOWED THE APPEAL BY MODIFYING ORDER OF ONE YEAR SUSPENSION TO ONE YEAR RESTRICTION FROM TAKING ANY FRESH CLIENTS FROM DATE OF THIS ORDER. NO COSTS
|
| 23 |
|
|
CHANDRAKALA MONEY & CAPITAL MANAGEMENT LTD.
(Member : NSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MONITOR SUB-BROKERS ACTIVITIES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
24-JAN-2006
|
|
| 24 |
|
|
CIL SECURITIES LTD.
(Member : NSE)
|
|
|
|
K.K.MAHESHWARI
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF CORRECTION NOTE BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT EXERCISE DUE CARE AND DILIGENCE BY OVER SIGHTING TRANSACTIONS DONE ON TRADING TERMINALS GRANTED TO SUB BROKERS
|
IMPOSED PENALTY RS.1,00,000
27-NOV-2006
|
|
| 25 |
|
|
DIGITAL LEASING & FINANCE LTD.
(Member : NSE)
|
|
|
INDULGED IN MANIPULATION IN SCRIPS OF BPL, VIDEOCON AND STERLITE
DEALT FOR GROUP FOR WHICH DID NOT HAVE ANY PROFESSIONAL EXPERTISE IN THE SECURITIES MARKET AND FINANCIAL SOUNDNESS TO DEAL AT SUCH A LARGE SCALE
DID NOT COLLECT MARGINS FROM CLIENTS
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.
MADE PURCHASES WHICH WERE EXCESSIVE AND BEYOND CLIENT'S MEANS & FINANCIAL RESOURCES
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-JUN-1998 TO 09-JUN-2001
31-JAN-2000
|
|
| 26 |
|
|
DILIP SHAH,M/S
(Member : UPSE)
|
|
|
|
DILIP SHAH
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
06-SEP-2006
|
|
| 27 |
|
|
DRB SECURITIES PVT.LTD.
(Member : UPSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
INDULGED IN BUSINESS OTHER THAN THAT OF SECURITIES
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT RECTIFY BAD DELIVERIES IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUL-2004 TO 11-NOV-2004
21-JUN-2004
|
|
| 28 |
|
|
ENRICH FINANCE & SECURITIES LTD.
(PAN:AAACE2292F)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT PAY FEES TO SEBI
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN OFF-MARKET TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-JUN-2003 TO 08-DEC-2003
19-MAY-2003
|
|
| 29 |
|
|
ESHA SECURITIES LTD.
(CIN:U99999DL1994PLC059396
PAN:AAACE2862P)
(Member : DSE)
|
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT AFFIX STAMPS ON CONTRACT NOTES
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT SUBMIT COPIES OF CONTRACT NOTES FOR INSPECTION
DID NOT MAINTAIN DESPATCH RECORDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT APPOINT COMPLIANCE OFFICER
DELAYED SUBMISSION OF BROKER'S DATABASE TO INSPECTING AUTHORITY
EXECUTED TRADES IN FICTITIOUS NAMES
DID NOT OBTAIN PRIOR PERMISSION FROM SEBI PERTAINING TO CHANGE IN THE CONSTITUTION OF BOARD OF DIRECTORS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
EXCEEDED PERMISSIBLE TURNOVER LIMITS AT STOCK EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-JUN-2006 TO 19-DEC-2006
30-MAY-2006
|
|
| 30 |
|
|
GNH GLOBAL SECURITIES LTD.
(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
EXCEEDED CARRY FORWARD LIMIT SET BY SEBI/BSE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
PROVIDED WRONG/INCOMPLETE INFORMATION TO EXCHANGES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-JUN-1998 TO 14-JUN-2001
26-AUG-1999
|
|
| 31 |
|
|
GRISHMA SECURITIES PVT.LTD.
(PAN:AABCG1300K)
(Member : BSE/NSE)
|
|
|
DID NOT COLLECT ADVANCE MARGIN FROM CLIENT
USED FUNDS RECEIVE FROM CLIENT FOR MAKING OWN MARGIN PAYMENTS IN F&O SEGMENT
ROUTED FUNDS RECEIVE FROM ONE CLIENT TO ANOTHER CLIENT
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH SYNCHRONIZED TRADES IN MATTER OF TRADING OF MR.ANIL DAVE
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 22-DEC-2021 TO 21-FEB-2022
22-DEC-2021
|
|
| 32 |
|
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
ALLEGED CHARGING OF HIGHER BROKERAGE FROM CLIENTS TOWARDS PURCHASED AND SALE OF SHARES
ALLEGED INDULGENCE IN FUND-BASED ACTIVITIES BY LENDING AND BORROWING FUNDS FOR TRANACTIONS OF CLIENTS AND CHARGING INTEREST
ALLEGED NON-COLLECTION OF MARGINS FROM CLIENTS AND PERMITTED THEM TO TRADE WITHOUT SUFFICIENT CASH BALANCE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
02-AUG-2011
|
|
| 33 |
|
|
HANUMAN SHARE & STOCK BROKERS LTD.
(Member : ASE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
DID NOT COLLECT MARGINS FROM CLIENTS
CHARGED BROKERAGE HIGHER THAN PRESCRIBED RATE
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.20,000
29-SEP-2005
|
|
| 34 |
|
|
HSE SECURITIES LTD.
(Member : NSE)
|
|
|
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
PERMITTED CERTAIN SUB-BROKERS TO TRADE HAVING NEGATIVE NET WORTH
DID NOT COLLECT ADEQUATE MARGIN FROM SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-SEP-2006
|
|
| 35 |
|
|
JMP SECURITIES PVT.LTD.
(PAN:AAACJ8850C)
(Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED FAILURE IN COLLECTION OF ADEQUATE MARGIN
DID NOT REFUND MONEY COLLECTED UNDER CIS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN ENTERING INTO SEPARATE AGREEMENTS WITH JOBBERS
ALLEGED FAILURE IN EXECUTING AGREEMENTS ON STAMP PAPER
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,50,000 VIDE CONSENT ORDER)
28-JUL-2010
|
|
| 36 |
|
|
JOINDRE CAPITAL SERVICES LTD.
(PAN:AAACJ1480E)
(Member : NSE/BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
AIDED/ABETTED ITS CLIENTS IN MANIPULATIVE AND FRAUDULENT TRANSACTIONS IN SCRIP OF SNOWCEM INDIA LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-FEB-2006 TO 16-MAR-2006
25-JAN-2006
|
SAT: IMPUGNED ORDER MODIFIED BY CONVERTING SUSPENSION OF 1 MONTH TO MONETARY PENALTY OF RS.50,000
|
| 37 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE/BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH
ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON
ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2012
|
|
| 38 |
|
|
K.SURESH PRABHU,M/S
(Member : BGSE)
|
|
|
|
K.SURESH PRABHU
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-OCT-2006 TO 03-NOV-2006
29-SEP-2006
|
|
| 39 |
|
|
KANUDIA CAPITAL & MNGT.SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
FAILED TO SUBMIT AUDIT REPORT TO THE EXCHANGE ON DUE DATE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-AUG-2006
|
|
| 40 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : BSE/NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
INDULGED IN INDIRECT FUNDING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.2,00,000
18-NOV-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 2 of 6
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