| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
RAJ OVERSEAS & FINANCE PVT.LTD.
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
UNDERTOOK PRINCIPAL TO PRINCIPAL TRADE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-DEC-2005
|
|
| 22 |
|
|
RAJEEV BANSAL,M/S
(Sub-Broker of BANSAL SHAREVEST SERVICES LTD., Member : NSE)
|
|
|
|
RAJEEV BANSAL
|
|
EXECUTED SINGLE TRADES AT EXCHANGE TO ASCERTAIN PRICES FOR EXECUTING BULK ORDERS ILLEGALLY OUTSIDE THE EXCHANGE MECHANISM
ALLOWED TERMINAL TO UNAUTHORISED USERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006
27-JUN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
31-JUL-2008~
|
SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008
|
| 23 |
|
|
RAJRATHAN FINANCIAL SERVICES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
DEFICIENCIES IN CLIENT DATABASE
UNDERTOOK PRINCIPAL TO PRINCIPAL TRADE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT DATABASE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.4,00,000
10-JUN-2009
|
|
| 24 |
|
|
SANJAY BANSAL,M/S
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE,Member : GSE)
|
|
|
|
SANJAY BANSAL
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
PLACED TWO NSE TERMINALS AT DISPOSAL OF SUNILKUMAR KAYAN & CO. MEMBER OF CALCUTTA STOCK EXCHANGE AND HAD THEREBY AIDED AND ABETTED HIM IN HIS ILLEGAL ACTIVITIES
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-DEC-2003 TILL PENDING ENQUIRY
09-DEC-2003
|
|
| 25 |
|
|
SHANTANU S.DHAMANKAR,M/S
(Sub-Broker of KAYNET CAPITALS LTD., Member : BSE)
|
|
|
|
SHANTANU S.DHAMANKAR
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2007
|
|
| 26 |
|
|
SHANTANU S.DHAMANKAR,M/S
(Sub-Broker of PSE SECURITIES LTD., Member : BSE/NSE,Member : PSE)
|
|
|
|
SHANTANU S.DHAMANKAR
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2007
|
|
| 27 |
|
|
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
|
|
| 28 |
|
|
SUPER FINVEST SERVICES PVT.LTD.
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT DATABASE
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF GENERAL LEDGER
DID NOT MAINTAIN DTR REGISTER TO KEEP DETAILS OF DAILY MATCHED TRANSACTIONS OF A MEMBER ENTERED WITH OTHER MEMBERS ON FLOOR OF EXCHANGE
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2007 TO 31-JAN-2007
27-DEC-2006
|
|
| 29 |
|
|
SURENDRA R.SHAH,M/S
(Sub-Broker of PSE SECURITIES LTD., Member : NSE)
|
|
|
|
SURENDRA RASIKLAL SHAH
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEALT WITH UN-REGISTERED SUB-BROKERS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
COMMITTED IRREGULARITIES REGARDING DEALING WITH CLIENTS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.40,000
10-DEC-2004
|
|
| 30 |
|
|
URMILA DHYAWALA,M/S
(Member : UPSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
|
URMILA DHYAWALA
|
|
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
DID NOT ISSUE CONTRACT NOTES
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT MAINTAIN CLIENT DATABASE
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 16-DEC-2010 TO 15-DEC-2011
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-DEC-2010 TO 15-DEC-2011
25-NOV-2010
|
|
| 31 |
|
|
V & U SECURITIES PVT.LTD.
(PAN:AAACV6984H)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
EXECUTED TRANSACTIONS FOR CLIENT BEFORE OBTAINING CLIENT REGISTRATION FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH A CLIENT WHO IS A DEFAULTER
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 32 |
|
|
VRS SECURITIES LTD.
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
DID NOT EXERCISE DUE CARE AND DILIGENCE
DEALT WITH UN-REGISTERED SUB-BROKERS
DISCREPANCIES IN CLIENT CODES
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
DID NOT ENTER INTO TRIPARTITE AGREEMENT WITH CLIENTS
|
IMPOSED PENALTY RS.1,50,000
28-NOV-2008
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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