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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: COMMITTED IRREGULARITIES IN MAINTENANCE OF CLIENT REGISTRATION/DATABASE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
41
History of entity/person CONSORTIUM SECURITIES PVT.LTD.

(PAN:AAACC5554G)

(Member : NSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT ENTER INTO AGREEMENT WITH CLIENTS  
IMPOSED PENALTY RS.1,35,000

29-JUL-2005
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE  
42
History of entity/person D.AGGARWAL & CO.

(Member : LSE)  
Click here to view complete history of this specific entity/person DEEPTI AGARWAL
 
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DEFICIENCIES IN CLIENT DATABASE

INDULGED IN OFF-THE-FLOOR TRANSACTIONS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-2004 TO 06-FEB-2004

17-DEC-2003
 
43
History of entity/person DB (INTERNATIONAL) STOCK BROKERS LTD.

(CIN:L67120HR1992PLC035349
PAN:AAACD0852G)

(Member : NSE)  
  DID NOT MAINTAIN CLIENT REGISTRATION FORMS   CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

18-NOV-2004
 
44
History of entity/person DEEP KUMAR AGARWAL,M/S

(Member : UPSE)  
Click here to view complete history of this specific entity/person DEEP KUMAR AGARWAL
 
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT REPORT SHORT SALES AND LONG PURCHASE POSITIONS TO THE EXCHANGE

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-SEP-2002 TO 08-SEP-2003

19-SEP-2002
 
45
History of entity/person DEEPAK JHUNJHUNWALA & CO.

(Member : CSE)  
  DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT ISSUE CONTRACT NOTES

DEFICIENCIES IN REGISTRATION FORMS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JUL-2006 TO 06-SEP-2006

16-JUN-2006
 
46
History of entity/person DGP SECURITIES LTD.

(PAN:AABCS4946F)

(Member : NSE)  
Click here to view complete history of this specific entity/person MUKUND BERIWALA
 
DEFICIENCIES IN CLIENT DATABASE

FAILED TO DELIVER SHARES TO CLIENTS  
IMPOSED PENALTY RS.25,000

23-NOV-2004
 
47
History of entity/person DHANANJAY SECURITIES

(Member : CSE)  
  DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DEFICIENCIES IN CLIENT DATABASE

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 11-JUL-2006

22-MAY-2006
 
48
History of entity/person DPA CAPITAL PVT.LTD.

(Member : DSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER  
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

05-DEC-2001
 
49
History of entity/person DRB SECURITIES PVT.LTD.

(Member : UPSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

INDULGED IN BUSINESS OTHER THAN THAT OF SECURITIES

DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT RECTIFY BAD DELIVERIES IN TIME  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUL-2004 TO 11-NOV-2004

21-JUN-2004
 
50
History of entity/person DYNAMIC STOCK BROKING (INDIA) PVT.LTD.

(PAN:AABCD2889E)

(Member : BSE)  
  TRANSFERRED SECURITIES BELONGING TO CLIENTS TO BROKERS OWN ACCOUNT

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT MAINTAIN CLIENT AGREEMENTS

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES  
IMPOSED PENALTY RS.50,000

01-DEC-2004
SAT: SAT VIDE ITS ORDER DATED 29/10/2012 DIRECTED SEBI TO PASS A FINAL ORDER WITHIN FOUR WEEKS FROM THE DATE OF THIS ORDER I.E.29/10/2012  
51
History of entity/person DYNAMIC STOCK BROKING (INDIA) PVT.LTD.

(PAN:AABCD2889E)

(Member : BSE)  
  ALLOWED TERMINAL TO UNAUTHORISED USERS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEFICIENCIES IN CLIENT DATABASE

INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES

DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DID NOT ISSUE CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 29-JAN-2013 TO 28-APR-2013

08-JAN-2013
 
52
History of entity/person EMMKAY SHARE & STOCK BROKERS LTD.

(Member : DSE)  
  DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT REFUND MONEY COLLECTED UNDER CIS

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-JUL-2007 TO 18-JUL-2007

13-JUN-2007
 
53
History of entity/person ENIGMA FINANCIAL SERVICES PVT.LTD.

(Member : UPSE)  
Click here to view complete history of this specific entity/person PANKAJ ARORA
 
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DID NOT REFUND MONEY COLLECTED UNDER CIS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-OCT-2003 TO 17-FEB-2004

26-SEP-2003
 
54
History of entity/person ESHA SECURITIES LTD.

(CIN:U99999DL1994PLC059396
PAN:AAACE2862P)

(Member : DSE)  
  DEFICIENCIES IN CLIENT DATABASE

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES

DID NOT AFFIX STAMPS ON CONTRACT NOTES

DID NOT ISSUANCE OF CONTRACT NOTES IN TIME

DID NOT SUBMIT COPIES OF CONTRACT NOTES FOR INSPECTION

DID NOT MAINTAIN DESPATCH RECORDS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DEALT WITH UN-REGISTERED SUB-BROKERS

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

DID NOT APPOINT COMPLIANCE OFFICER

DELAYED SUBMISSION OF BROKER'S DATABASE TO INSPECTING AUTHORITY

EXECUTED TRADES IN FICTITIOUS NAMES

DID NOT OBTAIN PRIOR PERMISSION FROM SEBI PERTAINING TO CHANGE IN THE CONSTITUTION OF BOARD OF DIRECTORS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

EXCEEDED PERMISSIBLE TURNOVER LIMITS AT STOCK EXCHANGE  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-JUN-2006 TO 19-DEC-2006

30-MAY-2006
 
55
History of entity/person FIN BRAINS SECURITIES (INDIA) LTD.

(Member : NSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION  
IMPOSED PENALTY RS.1,00,000

04-NOV-2010
 
56
History of entity/person FIRST CUSTODIAN FUND (INDIA) LTD.,THE

(Member : NSE)  
Click here to view complete history of this specific entity/person MANISH BANTHIA
Click here to view complete history of this specific entity/person SURENDRA KUMAR BANTHIA
Click here to view complete history of this specific entity/person SUSHIL MANTRI
 
ACTED BEYOND MANDATE GIVEN BY CLIENTS

ENGAGED IN TRANSACTIONS OTHER THAN ARBITRAGE TRANSACTIONS

IRREGULARITIES IN REGISTRATION OF CLIENTS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

ISSUED FICTITIOUS CONTRACT NOTES  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-JUL-2003 TO 13-JUL-2004

05-MAR-2004
 
57
History of entity/person FIRST SECURITIES PVT.LTD.

(Member : BGSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF HOME TRADE LTD.

FACILITATED TRANSACTIONS ILLEGALLY WITHOUT FOLLOWING "KNOW YOUR CLIENT CRITERIA"

DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-DEC-2005 TO 04-JAN-2006

30-NOV-2005
 
58
History of entity/person FLORA SECURITIES

(Member : NSE)  
  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

DEFICIENCIES IN REGISTRATION FORMS

PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES  
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

03-MAR-2010
 
59
History of entity/person FMS SECURITIES LTD.

(Member : BSE)  
  ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS

ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME

ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES

ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES

ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT

ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES

ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS

ALLEGED FAILURE IN MAKING DISCLOSURE OF CONTENTS OF RISK DISCLOSURE DOCUMENT TO CLIENTS  
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)

12-AUG-2010
 
60
History of entity/person G.R.KOHLI & CO.

(Member : DSE)  
  DID NOT ISSUE CONTRACT NOTES

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEFICIENCIES IN CLIENT DATABASE

DID NOT MAINTAIN CLIENT AGREEMENTS  
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-MAY-2002 TO 29-SEP-2002

27-MAY-2002
 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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