| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
JCM CAPITAL SERVICES LTD.
(Member : DSE)
|
|
|
|
DINESH GUPTA
|
|
DID NOT MAINTAIN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-JUL-2007 TO 12-JUL-2007
15-JUN-2007
|
|
| 42 |
|
|
JUNJHARJI INVESTMENT PVT.LTD.
(PAN:AAACJ8174F)
(Member : NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS TOWARDS MARGIN OBLIGATIONS OF DEBIT BALANCE OF CLIENTS AND PROPRIETARY MARGIN OBLIGATIONS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT PUBLISH INVESTOR CHARTER OR DISCLOSED COMPLAINT DETAILS AT OFFICE PREMISES
|
IMPOSED PENALTY RS.6,00,000
04-FEB-2025
|
|
| 43 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : BSE/NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
INDULGED IN INDIRECT FUNDING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.2,00,000
18-NOV-2005
|
|
| 44 |
|
|
KASSA FINVEST PVT.LTD.
(CIN:U74899DL1994PTC060668
PAN:AAACK1206B)
(Member : NSE/BSE/MSEI/OTC)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE ACCOUNTS OF CLIENTS WITHIN STIPULATED TIME
COMMITTED IRREGULARITIES IN DEALING IN CASH WITH CLIENTS
DID NOT RETURN CLIENTS SECURITIES
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 29-JAN-2021
29-JAN-2021
|
|
| 45 |
|
|
KESHAVDEV MADANLAL NEMANI,M/S
(Member : BSE)
|
|
|
|
KESHAVDEV MADANLAL NEMANI
|
|
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT ADHERE TO SEBI (COLLECTIVE INVESTMENT SCHEMES) REGULATION, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 16-NOV-1998
16-NOV-1998
|
|
| 46 |
|
|
KISHORE BASKARAN & CO.
(Member : CMBSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 26-FEB-1998
04-MAR-1998
|
|
| 47 |
|
|
MANHARLAL SHANTILAL,M/S
(Member : BSE)
|
|
|
VIOLATED SEBI CODE OF CONDUCT
DID NOT REDRESS INVESTOR COMPLAINTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
29-OCT-1997
|
|
| 48 |
|
|
MAXGROWTH CAPITAL PVT.LTD.
(PAN:AAGCM2507H)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT RECONCILE STOCK AND DIFFERENCE IN REGISTER OF SECURITIES
DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS
DID NOT MATCH NET BALANCE ACROSS EXCHANGES WITH BACK OFFICE BOOKS
DID NOT PROVIDE CORRECT DETAILS OF EMAIL ID AND MOBILE NUMBERS OF CLIENTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT PROVIDE VOICE RECORDING FOR TRADES
DID NOT MAINTAIN EXCLUSIVE EMAIL ID FOR REDRESSAL OF INVESTOR COMPLAINTS
OPERATED TERMINAL BY CORPORATE MANAGER WITHOUT VALID NCFM/NISM CERTIFICATION IN CM AND/OR FO & CD SEGMENT
|
IMPOSED PENALTY RS.15,00,000
29-APR-2022
|
SEBI VIDE ITS NOTICE DATED 20/07/2022 DIRECTED TO PAY RS.15,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 10/08/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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
|
| 49 |
|
|
MEGA MILLENNIUM INVESTMENT PVT.LTD.
(Member : ICSE,Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE/BSE)
|
|
|
|
SWAMINATHAN MAHALINGAM
DIN:02332928
|
|
COMMITTED IRREGULARITIES IN SHARE LENDING/BORROWING
DID NOT REDRESS INVESTOR COMPLAINTS
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 03-SEP-2007 TILL COMPLETION OF THE ENQUIRY PROCEEDINGS
DIRECTED TO FREEZE DEMAT ACCOUNTS
DIRECTED NOT TO ENGAGE IN THE ACTIVITY OF BORROWING AND LENDING OF SECURITIES WITHOUT OBTAINING REGISTRATION FROM SEBI
03-SEP-2007
|
|
| 50 |
|
|
MID-EAST INVESTMENT SERVICES LTD.
(Member : OTC)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-DEC-1999 TO 23-MAR-2000
21-DEC-1999
|
|
| 51 |
|
|
MOONGIPA INVESTMENTS LTD.
(CIN:U74899DL1994PLC059535
PAN:AAACM5584A)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
PLEDGED SECURITIES IN EXCESS OF CLIENTS OBLIGATION
INDULGED IN ACTIVITIES OTHER THAN STOCK BROKING BUSINESS BY ACCEPTING DEPOSITS AND PAYING INTEREST THEREON
DID NOT SETTLE ACCOUNTS OF CLIENTS WITHIN STIPULATED TIME
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 18-JUN-2021
18-JUN-2021
|
|
| 52 |
|
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Depository Participants : CDSL/NSDL,Member : NCDEX/BSE/MCX/NSE)
|
|
|
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
REPORTED INCORRECT MARGIN TRADING FUNDING (MTF) COLLATERALS TO STOCK EXCHANGES
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DEFAULTED IN MAINTENANCE OF BANK BOOK
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.7,00,000
30-JAN-2025
|
|
| 53 |
|
|
MUKESH SAWHNEY & CO.
(Member : DSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT REDRESS INVESTOR COMPLAINTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 54 |
|
|
MUNJAL LEASING LTD.
(Member : NSE)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SUBMITTED WRONG INFORMATION TO SEBI
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 55 |
|
|
MUNJAL ONLINE STOCK ACCESS
(Member : OTC)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT REDRESS INVESTOR COMPLAINTS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 56 |
|
|
NIRMAL BANG SECURITIES PVT.LTD.
(PAN:AAACN7369L)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 9(F) READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
10-OCT-2017
|
|
| 57 |
|
|
NRI FINANCIAL SERVICES LTD.
(Member : NSE)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 16-NOV-1998
16-NOV-1998
|
|
| 58 |
|
|
P.S.SECURITIES LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 10-JAN-1999
10-JUN-1999
|
|
| 59 |
|
|
PREMIER SHARES LTD.
(Member : NSE/MCX)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN MAINTENANCE OF CLIENT DATABASE
ALLEGED INDULGENCE IN FUND-BASED ACTIVITIES BY LENDING MONEY TO OTHER CLIENTS
ALLEGED DELAY IN REDRESSAL OF COMPLAINTS
ALLEGED FAILURE IN APPOINTING A PERSON EXCLUSIVELY AS COMPLIANCE OFFICER
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS
ALLEGED DELAY IN ISSUING CONTRACT NOTES
ALLEGED ISSUING CHEQUES TO CLIENTS WITH INSUFFICIENT FUNDS
ALLEGED EXECUTING LARGE NUMBER OF CASH TRANSACTIONS EXCEEDING PRESCRIBED CEILING LIMITS AND ENTERING INTO CASH TRANSACTIONS WHICH LACKED PROPER EXPLANATION
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.30,00,000 VIDE CONSENT ORDER)
01-JUN-2011
|
|
| 60 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
REPORTED INCORRECT HOLDING OF SHARES TO STOCK EXCHANGES
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
EXPOSURE TO MARGIN TRADING FUNDING EXCEEDED THE ALLOWABLE THRESHOLD
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
MADE INCORRECT REPORTING OF RISK-BASED SUPERVISION OF DATA TO STOCK EXCHANGES
ENGAGED IN BUSINESS OTHER THAN SECURITIES
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT REFUND SHORT MARGIN PENALTY COLLECTED FROM CLIENTS
DID NOT MAKE DISCLOSURE OF DATA OF INVESTOR COMPLAINTS AND THE DETAILS ABOUT ITS REDRESSAL ON WEBSITE
|
IMPOSED PENALTY RS.7,00,000
07-APR-2025
|
|
| 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 3 of 4
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