| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
COMPUACTION SECURITIES PVT.LTD.
(Sub-Broker of IKM INVESTOR SERVICES LTD., Member : BSE)
|
|
|
|
ANIL SETH
|
|
|
RAKESH GULATI
|
|
MANIPULATED PRICE IN SCRIP OF SUN INFOWAYS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-FEB-2008 TO 27-JUN-2008
07-FEB-2008
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 22 |
|
|
CRYSTAL FINSTOCK PVT.LTD.
(PAN:AABCC2486L)
(Sub-Broker of MEHTA EQUITIES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS TRADES IN SCRIP OF POPULAR ESTATE MANAGEMENT LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSE A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF POPULAR ESTATE MANAGEMENT LTD.
|
IMPOSED PENALTY RS.2,00,000
25-OCT-2012
|
SAT: SAT VIDE ITS ORDER DATED 26/06/2013 MODIFIED SEBI'S ORDER DATED 25/10/2012 BY REDUCING THE PENALTY AMOUNT TO RS.1 LAC FROM RS.2 LAC AND DIRECTED TO DEPOSIT THE PENALTY WITHIN A PERIOD OF TWO MONTHS FROM THE RECEIPT OF THIS ORDER
|
| 23 |
|
|
DESAI INVESTMENT
(Sub-Broker of J.G.SHAH FINANCIAL CONSULTANTS PVT.LTD., Member : BSE/NSE)
|
|
|
|
ASHWIN DESAI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADE (FICTITIOUS TRADES) IN SCRIP OF SHALIMAR PRODUCTION LTD.
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2010
|
SAT: ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.50,000 FROM RS.2,00,000
|
| 24 |
|
|
DEVKI FINANCE & TRADING PVT.LTD.
(Sub-Broker of PANORAMA SHARES & STOCKS LTD., Member : BSE)
|
|
|
|
BIPIN SHAH
|
|
ALLOWED ITS CLIENT SMITA KIRTI SHAH, WHO ALONG WITH OTHER ENTITIES, HAMMERED DOWN THE PRICE OF THE SCRIP, BY INDULGING IN NON-GENUINE TRADE TRANSACTIONS, THEREBY CREATING A MISLEADING APPEARANCE OF TRADING IN SCRIP OF CELLULOSE & CHEMICALS PVT.LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 05-AUG-2004 TO 04-NOV-2004
16-JUL-2004
|
|
| 25 |
|
|
DIVINE SECURITIES
(Sub-Broker of BANG EQUITY BROKING PVT.LTD., Member : BSE)
|
|
|
MANIPULATION IN SCRIP OF AMARA RAJA BATTERIES LIMITED DURING THE PERIOD AUGUST 2000 TO MARCH 2001
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 27-JAN-2003 TO 26-MAR-2003
20-JAN-2003
|
|
| 26 |
|
|
DOVE SECURITIES PVT.LTD.
(PAN:AAACD2345N)
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF COROMANDAL FERTILIZERS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSE A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF COROMANDAL FERTILIZERS LTD.
|
IMPOSED PENALTY RS.3,00,000
29-FEB-2012
|
|
| 27 |
|
|
E.STOCKS INC.
(PAN:AAAFE9913C)
(Sub-Broker of MANGAL KESHAV SECURITIES LTD., Member : NSE/BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI BROKER REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
|
| 28 |
|
|
E.STOCKS INC.
(PAN:AAAFE9913C)
(Sub-Broker of MANGAL KESHAV SECURITIES LTD., Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
01-JUN-2009
|
|
| 29 |
|
|
ESS ESS INTERMEDIARIES PVT.LTD.
(PAN:AAACE7722Q)
(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-MAY-2012 TO 23-JUL-2012
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
|
| 30 |
|
|
ESS ESS INTERMEDIARIES PVT.LTD.
(PAN:AAACE7722Q)
(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.3,00,000
30-DEC-2010
|
|
| 31 |
|
|
FALGUN FINVEST
(Sub-Broker of VENTURA SECURITIES LTD., Member : BSE)
|
|
|
|
CHARU NIRAJ SANGHVI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH OFF-MARKET TRANSACTIONS IN SCRIP OF ELTROL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A(1) & A(2) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ELTROL LTD.
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
15-FEB-2011
|
SEBI VIDE ITS NOTICE DATED 05/09/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 32 |
|
|
FRONTLINE CAPITAL SERVICES LTD.
(Sub-Broker of IKM INVESTOR SERVICES LTD., Member : BSE,Member : NSE/DSE)
|
|
|
ALLEGED INVOLVEMENT IN CREATION OF ARTIFICIAL MARKET IN SCRIPS OF FLEX INDUSTRIES LTD.,FLEX ENGINEERING LTD. AND FCL TECHNOLOGIES & PRODUCTS LTD. ON BEHALF OF CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,00,000 VIDE CONSENT ORDER)
04-JAN-2008
|
|
| 33 |
|
|
GANPATI INVESTMENTS
(Sub-Broker of UTTAM FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
|
VIVEK KUMAR
PAN:AEVPK8548L
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF TULIP IT SERVICES LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATION VIOLATING REGULATION 15 READ WITH CLAUSES A(2) AND D(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TULIP IT SERVICES LTD.
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-AUG-2011
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 17/07/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
|
| 34 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
RAJESH NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND CIRCULAR TRANSACTIONS IN SCRIP OF TOP TELEMEDIA LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKER UNDER SCHEDULE II OF SEBI (SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF TOP TELEMEDIA LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 11-OCT-2011 TO 10-OCT-2012
20-SEP-2011
|
|
| 35 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
GAUTAM NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR TRANSACTIONS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF WELLWORTH OVERSEAS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2)D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF WELLWORTH OVERSEAS LTD.
|
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
24-AUG-2010
|
SAT: ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.3,00,000 FROM RS.6,00,000
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 36 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
GAUTAM NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ADITYA INTERNATIONAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES REQUIREMENTS VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADITYA INTERNATIONAL LTD.
|
IMPOSED PENALTY RS.3,50,000 ALONG WITH OTHER ENTITIES/PERSONS
17-DEC-2012
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 37 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
GAUTAM NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
INDULGED IN CREATION ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI BROKER REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-APR-2013
|
SAT: SAT VIDE ITS ORDER DATED 09/10/2013 MODIFIED SEBI'S ORDER DATED 30/04/2013 BY REDUCING PENALTY AMOUNT TO RS.1 LAC FROM RS.10 LACS. NO COSTS
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 38 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
RAJESH NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, STRUCTURED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF OASIS MEDIA MATRIX LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB BROKER UNDER SCHEDULE II OF SEBI (SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF OASIS MEDIA MATRIX LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 11-OCT-2011 TO 10-JAN-2012
20-SEP-2011
|
|
| 39 |
|
|
GINI ENTERPRISES
(Sub-Broker of PARK LIGHT INVESTMENT PVT.LTD., Member : BSE)
|
|
|
|
TARUN GANDHI
|
|
INDULGED IN PRICE MANIPULATION BY CIRCULAR AND STRUCTURED TRANSACTIONS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 02-APR-2009
12-DEC-2008
|
|
| 40 |
|
|
H R INVESTMENTS PVT.LTD.
(Sub-Broker of NAMAN SECURITIES & FINANCE PVT.LTD., Member : BSE)
|
|
|
|
H.R.SHROFF
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
DID NOT COLLECT UPFRONT MARGINS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 20-JAN-2006 TO 18-FEB-2006
30-DEC-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 7
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