| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
MANSUKHLAL JAGABHAI TANTI,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
MANSUKHLAL JAGABHAI TANTI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
DEALT IN CASH WITH CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 22 |
|
|
MAX INVESTMENTS & FINANCIAL SERVICES
(Sub-Broker of INDIA INFOLINE LTD., Member : BSE/NSE)
|
|
|
|
AVINASH KRISHNAJI DIXIT
PAN:AEXPD8128H
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-DEC-2015 TO 30-DEC-2020
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-DEC-2015 TO 30-DEC-2020
31-DEC-2015
|
|
| 23 |
|
|
MERBANC BSNV SECURITIES LTD.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
23-JAN-2008
|
|
| 24 |
|
|
MITHANI SECURITIES PVT.LTD.
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MAINTAINED RUNNING ACCOUNTS OF CLIENTS FOR A CONSIDERABLE PERIOD OF TIME WITHOUT ANY RECEIPTS/PAYMENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
PAID BROKERAGE TO CLIENTS AND VIOLATED CODE OF CONDUCT OF STOCK BROKER REGULATIONS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-FEB-2006 TO 14-MAY-2006
25-JAN-2006
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION FROM 3 MONTHS TO 2 WEEKS
|
| 25 |
|
|
MODERN SECURITY TRADERS
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT DATABASE
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-AUG-2007 TO 11-SEP-2007
07-AUG-2007
|
|
| 26 |
|
|
MPS SECURITIES
(Sub-Broker of RENAISSANCE SECURITIES LTD., Member : BSE, SHAILESH HIRALAL DOSHI, Member : NSE)
|
|
|
|
AJAY JAIN
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
|
IMPOSED PENALTY
16-JUN-2010
|
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 27 |
|
|
MUKESH K.MEHTA,M/S
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
MUKESH K.MEHTA
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEALT WITH UNREGISTERED ENTITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 28 |
|
|
NILESH SHARE BROKERS LTD.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
06-DEC-2006
|
|
| 29 |
|
|
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
|
| 30 |
|
|
R.KOHLI & CO.
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
IMPOSED PENALTY RS.20,000
30-JAN-2006
|
|
| 31 |
|
|
RAJ ENTERPRISES
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
MUSTAFA LAKDAWALA
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
IMPOSED PENALTY RS.30,000
08-NOV-2005
|
|
| 32 |
|
|
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
|
|
| 33 |
|
|
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
|
| 34 |
|
|
RAJENDRA R.MEHTA,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
RAJENDRA R.MEHTA
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
PAID BROKERAGE TO CLIENTS AND VIOLATED CODE OF CONDUCT OF STOCK BROKER REGULATIONS
GAVE SHORT TERM LOANS TO SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 35 |
|
|
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
|
|
| 36 |
|
|
ROMESH BANSAL & CO.
(Sub-Broker of LSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
ROMESH BANSAL
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEALT IN CASH WITH CLIENTS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.20,000
29-SEP-2005
|
|
| 37 |
|
|
S.P.SINGH & CO.
(PAN:AJOPS4498K)
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,10,000
21-JUN-2011
|
|
| 38 |
|
|
S.R.AGARWAL & CO.
(Sub-Broker of VSE SECURITIES LTD., Member : BSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
DEALT IN CASH WITH CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DEALT WITH UNREGISTERED ENTITIES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 07-FEB-2006 TO 06-AUG-2006
17-JAN-2006
|
|
| 39 |
|
|
SAIKALA ASSOCIATES PVT.LTD.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2005 TO 16-FEB-2005
27-DEC-2004
|
SAT: IMPUGNED ORDER MODIFIED BY CONVERTING SUSPENSION PERIOD OF 1 MONTH INTO A PENALTY OF RS.3,00,000
|
| 40 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| 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 3
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