| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
KARUR MAV FINANCIAL SERVICES
(Sub-Broker of ANUSH SHARES & SECURITIES PVT.LTD., Member : MDSE/NSE)
|
|
|
|
B.LAKSHMI
|
|
|
M.A.RAGHUNATHAN
|
|
|
M.R.BALAJI NARASIMHAN
|
|
|
M.S.JEEVAREKHA
|
|
|
M.V.USHA
|
|
|
R.VARALAKSHMI
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
GAVE SHORT TERM LOANS TO CLIENTS
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES IN SCRIP OF KARUR VYSYA BANK LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 22 |
|
|
KASTHURIRANGAN & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,Member : MDSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
EXECUTED MATCHING TRANSACTIONS
INDULGED IN EVASION OF MARGIN MONEY
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
02-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000
|
| 23 |
|
|
KUMAR INVESTMENTS
(Sub-Broker of GROWTH AVENUES LTD., Member : NSE)
|
|
|
|
PRAVINBHAI PARSHATAMBHAI DUDHAT
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEALT IN CASH WITH CLIENTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
03-AUG-2007
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 24 |
|
|
KUNVARJI FINSTOCK LTD.
(Sub-Broker of SVS SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
ATUL MANHARLAL CHOKSHI
|
|
|
NAYAN K.THAKKAR
|
|
AIDED AND ABETTED ITS CLIENTS IN CREATING ARTIFICIAL MARKET IN SCRIP OF MOH LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-AUG-2007 TO 02-SEP-2007
13-JUL-2007
|
SAT: APPEAL ALLOWED, IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS
|
| 25 |
|
|
LIBERTY STOCKLINKS PVT.LTD.
(Sub-Broker of RENAISSANCE SECURITIES LTD., Member : BSE)
|
|
|
|
SUNIL SHARMA
|
|
|
VIKAS MEHTA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
FAILED TO DELIVER SHARES TO CLIENTS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN EXECUTING SUB-BROKING ACTIVITIES
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.4,00,000
20-NOV-2008
|
SAT: APPEAL DISMISSED AS WITHDRAWN WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 26 |
|
|
M.J.SHAH & CO.
(Sub-Broker of VIDYUT DEVENDRAKUMAR,M/S, Member : BSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES FOR CLIENTS IN SCRIP OF MANGALYA EXPORTS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-JAN-2006
|
|
| 27 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF MOH LTD.
AIDED AND ABETTED ITS CLIENTS IN CREATING ARTIFICIAL MARKET IN SCRIP OF MOH LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 30-AUG-2007 TO 29-SEP-2007
09-AUG-2007
|
|
| 28 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of ACME SHARES & STOCK PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRADES IN SCRIP OF SAWACA COMMUNICATIONS LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
31-JAN-2006
|
|
| 29 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
|
MAHENDRA S.THAKKAR
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 30 |
|
|
MAHEK CONSULTANTS
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF BHORUKA FINANCIAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
ACTED AS SUB-BROKER OF KOLAR SHARES PVT.LTD. WITHOUT SEBI REGISTRATION
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-MAR-2007 TO 14-APR-2007
22-FEB-2007
|
|
| 31 |
|
|
MAHEK CONSULTANTS
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 32 |
|
|
MANI & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,Member : MDSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
02-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000
|
| 33 |
|
|
MANYOG INVESTMENTS PVT.LTD.
(Sub-Broker of U.L.JAMNADAS, Member : BSE, GAZI FINANCIAL SERVICES, Member : BSE, SUBHASH V.SHAH, Member : BSE)
|
|
|
|
MANISH N.SHAH
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE IN MATTER OF JYOTI RESINS & ADHESIVE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-MAR-2003
|
|
| 34 |
|
|
MITHANI SECURITIES PVT.LTD.
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN CLIENT REGISTRATION FORMS IN MATTER OF OASIS MEDIA MATRIX LTD.
DID NOT EXERCISE DUE DILIGENCE IN MATTER OF OASIS MEDIA MATRIX LTD.
|
IMPOSED PENALTY RS.1,00,000
31-MAR-2009
|
SAT: IMPUGNED ORDER DATED 31/03/2009 MODIFIED BY REDUCING PENALTY AMOUNT TO RS.50,000 FROM RS.1,00,000, DIRECTED TO DEPOSIT WITHIN FOUR WEEKS WITH NO ORDER AS TO COSTS
|
| 35 |
|
|
NADI FINANCE & INVESTMENT PVT.LTD.
|
|
|
|
DILIP M.BANG
|
|
|
KISHORE M.BANG
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS SUB BROKER FROM 04-JUN-2001 TILL FURTHER ORDER
04-JUN-2001
|
|
| 36 |
|
|
NARENDRA SHANKERLAL TANNA,M/S
(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
NARENDRA SHANKERLAL TANNA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 37 |
|
|
OM SHARES & SECURITIES
(Sub-Broker of M.P.VORA SHARES & SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
SAMEER K.CHOTAI
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 27-DEC-2012
06-DEC-2012
|
|
| 38 |
|
|
P.K.CAPITAL SERVICES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
|
ROOP KISHORE GUPTA
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.1,00,000
03-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.30,000 FROM RS.1,00,000
|
| 39 |
|
|
PAARK SECURITIES PVT.LTD.
(Sub-Broker of TECHNO SHARES & STOCKS LTD., Member : BSE)
|
|
|
|
A.RAMA RAO
|
|
FACILITATED VIOLATION OF REGULATION 4(E) OF SEBI (PFUTP) REGULATIONS
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-FEB-2005 TO 16-AUG-2005
27-JAN-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION FROM 6 MONTHS TO 3 MONTHS
|
| 40 |
|
|
PRAVEEN KUMAR & CO.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFAULTED IN SUBMITTING CORRECT TURNOVER DATA
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-DEC-2006 TO 11-JAN-2007
07-DEC-2006
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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