| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
GALAXY BROKING LTD.
(PAN:AABCG5457B)
(Member : BSE)
|
|
|
ACTED IN CONCERT WITH OTHER BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET AND PRICE RISE THROUGH CROSS DEALS AND BULK DEALS IN SCRIP OF IND TRA DECO LTD.
NON-COOPERATIVE AND DEFIANT ATTITUDE HAMPERING SEBI IN DISCHARGING ITS STATUTORY FUNCTIONS
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-OCT-2005 TILL FURTHER ORDERS
IMPOSED PENALTY RS.10,00,000
05-OCT-2005
|
DIRECTED THAT INTERIM ORDER DATED 05/10/2005 SHALL REMAIN IN FORCE TILL FINAL ORDERS PASSED BY SEBI
|
| 42 |
|
|
GAZI FINANCIAL SERVICES & INVESTMENTS LTD.
(PAN:AABCG2102P)
(Member : BSE)
|
|
|
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
05-NOV-1999
|
SAT: SAT VIDE ITS ORDER DATED 15/10/2018 ALLOWED APPEAL AND MISC. APPLICATION TO BE WITHDRAWN. NO COSTS
|
| 43 |
|
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Member : BSE/NSE,Depository Participants : CDSL/NSDL)
|
|
|
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
DIVERTED PROCEEDS FROM MISAPPROPRIATION OF SECURITIES TO RELATED PARTIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
INDULGED IN FALSIFICATION OF ACCOUNTS AND RECORDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
FUNDED CLIENTS HAVING DEBIT BALANCES BY PROVIDING FURTHER EXPOSURE
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT FURNISH REQUISITE INFORMATION TO SEBI
|
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT
CANCELLED REGISTRATION AS STOCK BROKER FROM 07-SEP-2023
07-SEP-2023
|
|
| 44 |
|
|
HIMANSHU AJMERA,M/S
(Member : CSE)
|
|
|
|
HIMANSHU AJMERA
PAN:ADEPA7521K
|
|
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN MATCHED/SYNCHRONISED TRANSACTIONS IN SCRIP OF DSQ SOFTWARE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 25-MAR-2004 TO 24-MAR-2005
08-MAR-2004
|
SAT: APPEAL DISPOSED OFF, BEING INFRUCTUOUS
|
| 45 |
|
|
INDO SHARE & FINTRADE LTD.
(Member : BSE)
|
|
|
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF DIVINE ENTERTAINMENT LTD.(FORMERLY KNOWN AS DENIM ENTERPRISES LTD.)
|
IMPOSED PENALTY RS.2,00,000
29-APR-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2011, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 46 |
|
|
JAGRUTI SECURITIES LTD.
(PAN:AAACJ1217D)
(Member : NSE)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-JAN-2020 TO 12-JAN-2021
13-JAN-2020
|
|
| 47 |
|
|
JAI SHAREFIN LTD.
(Member : ASE)
|
|
|
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DISCREPANCIES IN CLIENT CODES
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-MAR-2010 TO 19-APR-2010
08-MAR-2010
|
|
| 48 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE)
|
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT MAINTAIN CLIENT DATABASE
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT ISSUE CONTRACT NOTES IN SPECIFIED FORMAT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
FAILED TO PAY DIVIDENDS TO SHAREHOLDERS
|
IMPOSED PENALTY RS.3,00,000
24-DEC-2010
|
|
| 49 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DELAY IN SUBMISSION OF DATA DESPITE SEVERAL REMINDERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE ADEQUATE SYSTEMS IN PLACE FOR RISK MANAGEMENT, PREVENTION OF THIRD PARTY RECEIPTS AND TO CHECK MULTIPLE TRADE TRANSFERS
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
ALLOWED CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
DID NOT TAKE ANY CORRECTIVE STEPS REGARDING OBSERVATIONS OF THE INTERNAL AUDIT REPORT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS FROM 12-AUG-2021 TO 11-NOV-2021
12-AUG-2021
|
|
| 50 |
|
|
KARDAM FINANCIAL SERVICES PVT.LTD.
(Member : COCSE)
|
|
|
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-DEC-1998 TO 27-JUN-1999
21-DEC-1998
|
|
| 51 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : NSE/BSE)
|
|
|
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT FURNISH INFORMATION AND DID NOT COOPERATE WITH FORENSIC AUDITOR
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
DID NOT MAKE DISCLOSURE OF DP ACCOUNTS AND/OR BANK ACCOUNT TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 31-MAY-2023
31-MAY-2023
|
|
| 52 |
|
|
KASSA FINVEST PVT.LTD.
(CIN:U74899DL1994PTC060668
PAN:AAACK1206B)
(Member : BSE/NSE/MCX/OTC)
|
|
|
|
ANJANA KUMAR
PAN:AHOPK6281C
|
|
|
ASHOK KUMAR
DIN:00405986
PAN:AAFPK7362N
|
|
|
UMASHANKAR SHARAN SHRIVASTAV
PAN:AGKPS7923C
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A (3) AND A (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-SEP-2017 TO 04-SEP-2027
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-SEP-2017 TO 04-SEP-2027
DIRECTED TO CEASE & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 05-SEP-2017 TO 04-SEP-2027
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS OWNED BY COMPANY
DIRECTED TO REPAY/REFUND TO INVESTORS / CLIENTS MONEY WITH INTEREST @15% P.A. FROM THE DATE OF REPAYMENT DUE TILL THE DATE OF ACTUAL PAYMENT
19-MAR-2015
|
SEBI VIDE ITS ORDER DATED 05/09/2017 DIRECTED TO 1) PROHIBITED FROM ACCESSING THE SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR DEALING IN SECURITIES, EITHER DIRECTLY OR INDIRECTLY OR BEING ASSOCIATED WITH SECURITIES MARKET IN ANY MANNER WHATSOEVER, FOR A PERIOD OF TEN YEARS FROM THE DATE OF THIS ORDER 2) REPAY/REFUND THE INVESTORS/CLIENT’S MONEY WITH AN INTEREST OF 15% P.A. FROM THE DATE WHEN THE REPAYMENT BECAME DUE TILL THE DATE OF ACTUAL PAYMENT. THE PAYMENTS TO THE INVESTORS/CLIENTS IN RESPECT OF THE TRANSACTIONS EXECUTED THROUGH STOCK EXCHANGES SHALL BE MADE IN-COORDINATION WITH NSE AND BSE, AFTER TAKING INTO ACCOUNT THE PAYMENTS MADE BY SAID EXCHANGES TO THE INVESTORS/CLIENTS OF KASSA FINVEST OUT OF THE IPF ACCOUNT OF THE EXCHANGES 3) NOT TO DISPOSE OFF OR ALIENATE ANY ASSETS, WHETHER MOVABLE OR IMMOVABLE, OR CREATE ANY INTEREST OR CHARGE IN ANY SUCH ASSETS. PERMITTED TO SELL THEIR ASSETS FOR THE SOLE PURPOSE OF MAKING REPAYMENTS TO INVESTORS AND DEPOSIT THE PROCEEDS IN AN ESCROW ACCOUNT OPNED WITH A NATIONALIZED BANK. MONEY DEPOSITED IN THE ESCROW ACCOUNT HAS TO BE DISBURSED TO THE CLIENTS/INVESTORS ONLY IN COORDINATION WITH NSE AND BSE. UPTO THE EXTENT OF TOTAL MONEY DISBURSED BY THE EXCHANGES OUT OF THEIR IPF ACCOUNTS TO THE CLIENTS/INVESTORS OF KASSA FINVEST 5) DIRECTED TO PROVIDE FULL INVENTORY OF ALL THEIR ASSETS AND PROPERTIES AND DETAILS OF THEIR BANK ACCOUNTS, DEMAT ACCOUNTS AND HOLDINGS OF SHARES/SECURITIES, IF HELD IN PHYSICAL SHARES
SEBI VIDE ITS NOTICE DATED 14/01/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS 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
|
| 53 |
|
|
KIRTIKUMAR KANTILAL SHAH,M/S
(Member : ASE)
|
|
|
|
KIRTIKUMAR KANTILAL SHAH
|
|
DID NOT PROVIDE NECESSARY INFORMATION/DOCUMENTS IN RESPONSE TO SUMMONS IN MATTER OF DIVINE ENTERTAINMENT LTD.(FORMERLY KNOWN AS DENIM ENTERPRISES LTD.)
|
IMPOSED PENALTY RS.6,00,000
27-JAN-2011
|
INCLUDED IN SEBI LIST DATED 30/06/2011, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 54 |
|
|
KODALI SECURITIES PVT.LTD.
(Member : HSE)
|
|
|
PROVIDED FALSE/MISLEADING INFORMATION TO SEBI DURING INVESTIGATIONS
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 18-NOV-2004
28-OCT-2004
|
|
| 55 |
|
|
KOLAR SHAREX PVT.LTD.
(PAN:AAACK6474D)
(Member : BSE)
|
|
|
|
RAJKUMAR CHAINRAI BASANTANI
PAN:AESPB2834F
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.5,00,000
16-MAY-2006
|
SEBI VIDE ITS NOTICE DATED 24/02/2015 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
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 56 |
|
|
KRIPA SECURITIES PVT.LTD.
(PAN:AACCK2399D)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT ISSUE CONTRACT NOTES
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
IMPOSED PENALTY RS.10,00,000
28-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 19/07/2023 DIRECTED TO PAY RS.10,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 18/05/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED ON 21/06/2023. INTERIM RELIEF TO CONTINUE TILL FURTHER ORDERS
|
| 57 |
|
|
LATIN MANHARLAL SECURITIES PVT.LTD.
(PAN:AAACL2767L)
(Member : BSE/NSE)
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.2,00,000
22-JUL-2005
|
SAT: APPEAL ALLOWED
|
| 58 |
|
|
LAXMI INVESTMENT & CONSULTANTS
(Member : MGSE)
|
|
|
|
SURESH BHARDWAJ
|
|
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
DID NOT ADHERE TO SEBI (COLLECTIVE INVESTMENT SCHEMES) REGULATION, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 10-MAY-1999
10-MAY-1999
|
|
| 59 |
|
|
LRM SECURITIES LTD.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
PROVIDED FALSE/MISLEADING INFORMATION TO SEBI DURING INVESTIGATIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-JUL-2004 TO 07-OCT-2004
17-JUN-2004
|
|
| 60 |
|
|
LSC SECURITIES LTD.
(PAN:AAACL6361J)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.6,00,000
24-OCT-2019
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 7
|
