| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
HOFFLAND FINANCE LTD.
(Member : BGSE/JSE)
|
|
|
|
A.SUBBA RAO
|
|
|
BRIJ BHUSHAN SHARMA
|
|
|
BRIJ KISHORE KAPUR
|
|
|
JAGDISH NARAYAN
|
|
|
M.N.PADAM
|
|
|
NAVEEN CHANDRA PANDEY
|
|
|
NAVIN PANDEY
|
|
|
PRAMODH KAPUR
|
|
|
SURAJ PAL SHARMA
|
|
VIOLATED SECTION 26 OF SEBI ACT, 1992
VIOLATED SEBI ACT, 1992
VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM.
|
| 22 |
|
|
HORIZON PORTFOLIO LTD.
(PAN:AAACH2097M)
(Member : BSE/NSE)
|
|
|
DID NOT SUBMIT APPLICATION FOR PRIOR APPROVAL FROM SEBI AND STOCK EXCHANGES FOR CHANGE IN CONTROL VIOLATING REGULATION 26 (XVII) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
20-SEP-2024
|
|
| 23 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
(Member : NSE)
|
|
|
ALLEGED FAILURE IN ADHERE TO CONDITIONS UNDER MARGIN TRADING FACILITY (MTF) AGREED WITH CLIENTS
ALLEGED SOFTWARE MODULE FOR LIQUIDATION OF SHARES WAS NOT FUNCTIONAL TO SQUARE OFF SECURITIES LYING IN CLIENT UNPAID SECURITIES ACCOUNT
ALLEGED INSTEAD OF SQUARING OFF UNCONFIRMED PLEDGED SECURITIES PERTAINING TO MTF CLIENTS, KEPT SUCH SECURITIES IN CUSA ACCOUNT/TRANSFERRED SECURITIES FROM CURRENT SETTLEMENT ID TO ONE FUTURE SETTLEMENT ID IN THE POOL ACCOUNT
ALLEGED SUBMISSION OF INCORRECT DATA RELATED UNCONFIRMED PLEDGE SECURITIES UNDER MARGIN TRADING FACILITY (MTF)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.80,46,000 VIDE CONSENT ORDER)
13-FEB-2025
|
|
| 24 |
|
|
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
|
|
| 25 |
|
|
JHUNJHUNWALA STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
|
AJIT R.SANGHVI
|
|
|
ARTI R.JHUNJHUNWALA
|
|
|
MALINI A.SANGHVI
|
|
|
PARAS D.SHAH
|
|
|
RAJENDRAPASAD K.JHUNJHUNWALA
|
|
VIOLATED SECTION 13 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
DISCHARGED
|
| 26 |
|
|
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
|
|
| 27 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Member : ASE)
|
|
|
|
JYOTISH BHOGILAL SHAH
|
|
|
MEENA JYOTISH SHAH
|
|
|
RAMNIK N.VYAS
|
|
|
SHAILESH S.JHAVERI
|
|
VIOLATED RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SECTION 12 OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.85,000 BY THE ACCUSED TO SEBI
|
| 28 |
|
|
KCGP SHARE BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
DID NOT HAVE ADEQUATE INFRASTRUCTURE TO RUN STOCK BROKING BUSINESS VIOLATING REGULATIONS 21(1), 21(2) AND 21(4) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
09-MAR-2021
|
|
| 29 |
|
|
KOLAR SHAREX PVT.LTD.
(PAN:AAACK6474D)
(Member : BSE/ICSE)
|
|
|
DID NOT OBTAIN PRIOR/POST APPROVAL FROM SEBI/BSE FOR CHANGE IN CONTROL OF MANAGEMENT VIOLATING RULE 257A(III) OF RULES, BYE-LAWS AND REGULATION OF STOCK EXCHANGES PROVISIONS OF STOCK BROKERS REGULATIONS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 18-FEB-2021
18-FEB-2021
|
|
| 30 |
|
|
KRISHNA BHAT I.,M/S
(Member : MNGSE)
|
|
|
|
KRISHNA BHAT I.
|
|
VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 09-JUL-2004
09-JUL-2004
|
|
| 31 |
|
|
KSBL SECURITIES LTD.
(CIN:045764
PAN:AAACK0784G)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT HOLD MEMBERSHIP OF ANY RECOGNISED STOCK EXCHANGES VIOLATING REGULATION 9(A) OF SEBI (STOCK BROKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 14-FEB-2022
14-FEB-2022
|
|
| 32 |
|
|
KUNVARJI FINSTOCK LTD.
(Member : ASE)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 26(V), 26(VI), 26(XII), 26(XV), 26(XVI), 26(XIX) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
12-NOV-2008
|
|
| 33 |
|
|
LFS BROKING PVT.LTD.
(PAN:AACCL1007D)
(Member : NSE)
|
|
|
MISUSED REGISTRATION TO PROMOTE LFS BROKING AND PMS SERVICES AND ANOTHER UNREGISTERED ENTITY MOL COMMODITIES COLLECTED FUNDS FROM INVESTORS
|
CANCELLED REGISTRATION AS PORTFOLIO MANAGER
CANCELLED REGISTRATION AS STOCK BROKER FROM 28-JUN-2024
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
CANCELLED REGISTRATION AS RESEARCH ANALYST
28-JUN-2024
|
|
| 34 |
|
|
MAHESH JOSHI,M/S
(Member : SKSE)
|
|
|
|
MAHESH JOSHI
|
|
VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 28-AUG-2004
28-AUG-2004
|
|
| 35 |
|
|
MALINI SANGHVI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
|
AJIT R.SANGHVI
|
|
|
MALINI A.SANGHVI
|
|
|
PARAS D.SHAH
|
|
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 36 |
|
|
MITESH MANUBHAI SHETH,M/S
(Member : ASE)
|
|
|
|
MITESH MANUBHAI SHETH
|
|
ALLEGED VIOLATION OF REGULATION 17,17(1)(I),21(4) AND 26(1),30(1) AND CLAUSE B(2) OF CODE OF CONDUCT UNDER SCHEDULE II TO REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF RULE 15(1),15(2) (C) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
ALLEGED VIOLATION OF RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-APR-1995
24-APR-1995
SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
22-MAR-2010~
|
ORDER DATED 24/04/1995 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,00,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER DATED 22/03/2010
|
| 37 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/OTC/NSE)
|
|
|
ALLEGED VIOLATION OF REGULATION 7A (2) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF FAST TRACK ENTERTAINMENT LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
28-JAN-2009
|
|
| 38 |
|
|
MOTISONS COMMODITIES PVT.LTD.
(PAN:AADCM7184M)
(Member : MCX/NCDEX)
|
|
|
DID NOT DEDUCT ADVANCE OF RS.5.53 CRORE WHICH WAS OVERDUE FOR MORE THAN THREE MONTHS WHILE CALCULATING NET WORTH
ENGAGED IN BUSINESS OTHER THAN SECURITIES
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 14-MAY-2025 TO 28-MAY-2025
14-MAY-2025
|
|
| 39 |
|
|
MPSE SECURITIES LTD.
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ENTERING INTO AGREEMENT WITH CLIENT AS REQUIRED UNDER CLAUSE D (2) OF CODE OF CONDUCT FOR BROKERS AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED NON MAINTENANCE OF AGREEMENT AS REQUIRED UNDER CLAUSE 1(N) OF REGULATION 17 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN MAINTAINING TRIPARTILE AGREEMENT BETWEEN BROKER-SUB BROKER AND CLIENTS AS REQUIRED VIDE SEBI CIRCULAR NO.SEBI/MRD/DOPS/CIR-11/2005 DATED 12/05/2005
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
15-JUN-2009
|
|
| 40 |
|
|
MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.
(Member : NSE/OTC)
|
|
|
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 26(XX) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,50,000
24-SEP-2009
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 2 of 3
|
