| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
CREDIT SUISSE FIRST BOSTON (INDIA) SECURITIES PVT.LTD.
(Member : BSE/NSE)
|
|
|
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 31-AUG-2006 TO 30-SEP-2006
10-AUG-2006
|
|
| 22 |
|
|
DYNAMIC STOCK BROKING (INDIA) PVT.LTD.
(PAN:AABCD2889E)
(Member : BSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 29-JAN-2013 TO 28-APR-2013
08-JAN-2013
|
|
| 23 |
|
|
EASTERN FINANCIERS LTD.
(PAN:AAACE7613A)
(Member : NSE/BSE/MCX)
|
|
|
DISCREPANCY IN DATA PERTAINING TO BANK BALANCE, FREE COLLATERAL DEPOSITED WITH CLEARING CORPORATION (CC) AND OWN SECURITIES DEPOSITED AS COLLATERAL WITH CLEARING CORPORATION (CC)
DISCREPANCIES IN STOCK RECONCILIATION
DID NOT REPORT BANK ACCOUNT/DEMAT ACCOUNT
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MAPPED UNIQUE MOBILE NUMBER TO MORE THAN ONE UNIQUE CLIENT CODE (UCC) WITHOUT OBTAINING FAMILY DECLARATION
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
|
IMPOSED PENALTY RS.3,50,000
26-FEB-2024
|
|
| 24 |
|
|
FMS SECURITIES LTD.
(Member : BSE)
|
|
|
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS
ALLEGED FAILURE IN MAKING DISCLOSURE OF CONTENTS OF RISK DISCLOSURE DOCUMENT TO CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 25 |
|
|
GALAXY BROKING LTD.
(PAN:AABCG5457B)
(Member : BSE)
|
|
|
|
ANIL AMRUITLAL GANDHI
PAN:ACIPG8954B
|
|
ACTED IN CONCERT WITH ITS CLIENTS AND PROMOTERS OF COMPANIES/INTER CONNECTED ENTITIES TO CREATE ARTIFICIAL MARKET AND PRICE RISE IN CASE OF MANY COMPANIES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE OPENING CLIENTS' ACCOUNTS
INDULGED IN INDIRECT FUNDING TO CLIENTS
DID NOT EXPLAIN VARIOUS AMOUNTS SHOWN IN CREDIT SIDE OF ITS BOOKS OF ACCOUNTS
DID NOT ENTER INTO TRIPARTITE AGREEMENT WITH CLIENTS COMING THROUGH SUB-BROKERS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT ADHERE TO CONDITIONS OF PROVISIONAL REGISTRATION
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT IN CASH WITH CLIENTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 24-JAN-2006 TILL FURTHER ORDERS
24-JAN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
07-JAN-2008~
|
CONFIRMED AD-INTERIM ORDER DATED 24/01/2006 AND DIRECTED DEPOSITORIES NO TO GIVE EFFECT TO ANY TRANSFER OF SHARES OF THE COMPANIES AS PER TABLE 1 IN ORDER, LYING IN THE BENEFICIAL OWNER ACCOUNTS OF CLIENTS, AS PER ORDER DATED 21/12/2006
AD-INTERIM ORDER DATED 24/01/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.1,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 07/01/2008
|
| 26 |
|
|
GCM SECURITIES LTD.
(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)
(Member : NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-JAN-2006
|
|
| 27 |
|
|
GLOBE CAPITAL MARKET LTD.
(Member : BSE/NSE/LSE)
|
|
|
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED INDULGENCE IN SENDING SMS AND EMAILS OF BEARISH OUTLOOK TO CLIENTS
ALLEGED VIOLATION OF CODE OF CONDUCT FOR STOCK BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
22-DEC-2008
|
|
| 28 |
|
|
HEM SECURITIES LTD.
(PAN:AABCH8005N)
(Member : BSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-JAN-2006
|
|
| 29 |
|
|
IL&FS INVESTSMART LTD.
(PAN:AAACI3364A)
(Member : BSE/NSE)
|
|
|
|
K.KAMALA
|
|
|
SACHIN JOSHI
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT EXERCISE DUE CARE AND DILIGENCE
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
|
IMPOSED PENALTY RS.2,00,000
18-NOV-2004
|
|
| 30 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Member : NSE)
|
|
|
FACILITATED TRANSACTIONS AT NSE OF A COMPANY NOT LISTED AT NSE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TILL FURTHER ORDERS
05-OCT-2005
|
DIRECTION ISSUED VIDE AD INTERIM EX-PARTE ORDER DATED 05/10/2005 REVOKED VIDE ORDER DATED 28/07/2010
|
| 31 |
|
|
INDUS PORTFOLIO PVT.LTD.
(PAN:AABCI3730R)
(Member : NSE/BSE)
|
|
|
FACILITATED TRANSACTIONS AT NSE OF A COMPANY NOT LISTED AT NSE
ACTED IN CONCERT TO CREATE ARTIFICIAL MARKET/PRICE IN SCRIP OF ELTROL LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TILL FURTHER ORDERS
05-OCT-2005
|
DIRECTION ISSUED VIDE AD INTERIM EX-PARTE ORDER DATED 05/10/2005 REVOKED VIDE ORDER DATED 28/07/2010
|
| 32 |
|
|
INSIGHT SHARE BROKERS PVT.LTD.
(Member : NSE)
|
|
|
FACILITATED TRANSACTIONS AT NSE OF A COMPANY NOT LISTED AT NSE
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TILL FURTHER ORDERS
05-OCT-2005
|
DIRECTION ISSUED VIDE AD INTERIM EX-PARTE ORDER DATED 05/10/2005 REVOKED VIDE ORDER DATED 28/07/2010
|
| 33 |
|
|
J.G.A.SHAH SHARE BROKERS PVT.LTD.
(Member : BSE)
|
|
|
VIOLATED REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFICIENCIES IN CLIENT DATABASE
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
26-FEB-2008
|
|
| 34 |
|
|
JAINAM BROKING LTD.
(PAN:AABCJ3918N)
(Member : NSE/BSE)
|
|
|
USED NON-PERMISSIBLE WORDS I.E., WEALTH/ WEALTH ADVISORY/ ADVISORY MANAGEMENT/ INVESTMENT ADVISORY/ ADVISORS WITHOUT OBTAINING REGISTRATION FROM SEBI
DID NOT KEEP EVIDENCE IN RESPECT OF ORDER PLACED BY CLIENTS
DID NOT DISPLAY CONTAINING ALL DETAILS/INFORMATION AT THE INSPECTION LOCATION
COMPLAINT REGISTER WAS MAINTAINED BY AUTHORISED PERSON
DID NOT DISPLAY REGISTRATION LETTERS ISSUED BY EXCHANGES AT INSPECTION LOCATION
DO & DON’T AND INVESTOR GRIEVANCES WERE NOT DISPLAYED AT THE INSPECTION LOCATION
DID NOT DISPLAY INVESTOR GRIEVANCES REDRESSAL MECHANISM AT INSPECTION LOCATION
DID NOT PROVIDE AUTHORISED PERSON AGREEMENT
BANK STATEMENTS WERE NOT AVAILABLE FOR VERIFICATION OF DEALINGS WITH CLIENTS
DID NOT MENTION THE DETAILS REGARDING NUMBER OF EMPLOYEES OF AUTHORIZED PERSONS AND NUMBER OF CLIENTS MAPPED TO AUTHORIZED PERSONS
DID NOT OPERATE FROM THE LOCATION REPORTED BY NOTICEE TO EXCHANGES
CTCL IDS OPERATED BY PERSONS OTHER THAN APPROVED USERS
|
IMPOSED PENALTY RS.6,00,000
29-AUG-2024
|
|
| 35 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DELAY IN SUBMISSION OF DATA DESPITE SEVERAL REMINDERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE ADEQUATE SYSTEMS IN PLACE FOR RISK MANAGEMENT, PREVENTION OF THIRD PARTY RECEIPTS AND TO CHECK MULTIPLE TRADE TRANSFERS
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
ALLOWED CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
DID NOT TAKE ANY CORRECTIVE STEPS REGARDING OBSERVATIONS OF THE INTERNAL AUDIT REPORT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS FROM 12-AUG-2021 TO 11-NOV-2021
12-AUG-2021
|
|
| 36 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE)
|
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-JAN-2006
|
|
| 37 |
|
|
JRK STOCK BROKING PVT.LTD.
(PAN:AABCJ8648K)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN CALL RECORDINGS/PROOF OF CLIENTS PLACING ORDERS THROUGH TELEPHONES
AUTHORISED PERSONS DID NOT HAVE NISM CERTIFICATION
DID NOT FIND TRADING TERMINALS OF THE AUTHORIZED PERSONS AT THE LOCATIONS AS REPORTED TO THE STOCK EXCHANGE
MAPPED MOBILE NUMBERS/EMAIL IDS TO THEIR CLIENTS EVEN THOUGH THOSE CLIENTS DID NOT FALL UNDER THE CATEGORY OF FAMILY
|
IMPOSED PENALTY RS.1,00,000
20-MAY-2025
|
|
| 38 |
|
|
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
|
|
| 39 |
|
|
KAPILA SECURITIES PVT.LTD.
(Member : NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.3,00,000
07-AUG-2009
|
|
| 40 |
|
|
KEDAR NATH AGRAWAL,M/S
(Member : NSE)
|
|
|
|
KEDAR NATH AGRAWAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN EVASION OF MARGIN MONEY
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-2009 TO 27-DEC-2009
18-NOV-2009
SETTLEMENT ( SETTLEMENT CHARGES RS.32,00,000, LEGAL EXPENSES RS.1,50,000 VIDE CONSENT ORDER)
24-SEP-2010~
|
SAT: IMPUGNED ORDER DATED 18/11/2009 SET ASIDE AS APPELLANT HAS PAID RS.32,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,50,000 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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| Page 2 of 4
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