| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
LATIN MANHARLAL SECURITIES PVT.LTD.
(PAN:AAACL2767L)
(Member : BSE)
|
|
|
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 42 |
|
|
LSE SECURITIES LTD.
(PAN:AAACL6361J)
(Member : NSE/BSE)
|
|
|
DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DEALT IN CASH WITH CLIENTS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
DID NOT ACCEPT DEPOSIT FROM ITS SUB-BROKERS IN FORM AND MANNER AS STIPULATED BY SEBI
DID NOT MAKE CLOSE OUT FOR INTERNAL SHORTAGE BETWEEN ITS SUB-BROKERS AT SAME PERCENTAGE AS APPLICABLE FOR SHORTAGE AT BSE/NSE
DID NOT UPLOAD ITS ANNUAL ACCOUNTS ON ITS WEBSITE
|
IMPOSED PENALTY RS.1,00,000
29-JUL-2013
|
|
| 43 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 44 |
|
|
MANSUKH SECURITIES & FINANCE LTD.
(PAN:AAACM1701D)
(Member : NSE)
|
|
|
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DEALT IN CASH WITH CLIENTS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
IMPOSED PENALTY RS.5,00,000
11-FEB-2011
|
SAT: SAT VIDE ITS ORDER DATED 29/07/2011 MODIFIED SEBI'S ORDER DATED 11/02/2011 BY REDUCING PENALTY AMOUNT TO RS.1 LAC FROM RS.5 LAC WITH NO ORDER AS TO COSTS
|
| 45 |
|
|
MASTER CAPITAL SERVICES LTD.
(PAN:AABCM1406A)
(Member : NSE)
|
|
|
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.7,00,000
29-NOV-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 GRANTED APPELLANTS THREE WEEKS TO FILE REJOINDER
|
| 46 |
|
|
MEFCOM SECURITIES LTD.
(PAN:AAACM1079Q)
(Member : NSE/OTC/DSE/BSE)
|
|
|
|
VIJAY MEHTA
|
|
DID NOT MAINTAIN SEPARATE BOOKS OF ACCOUNTS FOR TRANSACTIONS ON DIFFERENT STOCK EXCHANGES
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT MAINTAIN DESPATCH RECORDS
CONTRACT NOTES NOT SIGNED BY AUTHORISED REPRESENTATIVES
PERMITTED CLIENTS TO TRADE BEFORE THE AGREEMENT DATE
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
ENTERED IN AGREEMENTS WITH CLIENTS ON STAMP PAPERS OF INADEQUATE VALUE
DEFICIENCIES IN CLIENT DATABASE
DID NOT DISCLOSE DETAILS OF PROPRIETARY TRADING TO CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT RECONCILE DIVIDEND ACCOUNTS OF CLIENTS
|
IMPOSED PENALTY RS.10,00,000
21-DEC-2005
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
|
| 47 |
|
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Member : BSE/NSE)
|
|
|
DID NOT FIND TRADING TERMINAL AT LOCATION REPORTED BY NOTICEE TO EXCHANGE
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
DID NOT IDENTIFY FUND-BASED ACTIVITIES DURING AUTHORISED PERSON INSPECTION
BETWEEN AUTHORISED PERSON AND CLIENT AND DID NOT REPORT THE SAME TO NSE IN MIS REPORT
DID NOT PROVIDE ANY CLARIFICATION FOR FUND-BASED ACTIVITIES OTHER THAN UCC
DID NOT PROVIDE COMPLETE SUPPORTING I.E. CLIENT’S DEMAT TRANSACTION STATEMENT FOR NSE UNLISTED SECURITIES CREDITED INTO RESPECTIVE CLIENTS
AUTHORISED PERSON WAS ENGAGED IN FUND-BASED ACTIVITIES WITH CLIENTS
|
IMPOSED PENALTY RS.3,00,000
09-JUN-2025
|
|
| 48 |
|
|
MPSE SECURITIES LTD.
(Member : BSE)
|
|
|
ACCEPTED SHARES INSTEAD OF CASH TOWARDS MARGIN DEPOSIT/BMC/ADDITIONAL CAPITAL
DID NOT MAINTAIN BMC IN PRESCRIBED FORM
PERMITTED TRADING TO SUB-BROKERS WITHOUT COLLECTING BMC
PERMITTED HIGHER EXPOSURE LIMITS TO SUB-BROKERS ACROSS ROLLING SETTLEMENTS
DEFICIENCIES IN SYSTEMS DESIGNED TO PREVENT BREACH OF EXPOSURE LIMITS ALLOWED TO SUB-BROKERS
DID NOT PROVIDE SYSTEM LOG FOR TRADING AND EXPOSURE LIMITS ALLOWED TO SUB BROKERS
DID NOT HAVE ANY SYSTEM-GENERATED ALERTS FOR SUB-BROKERS TRADING LEVELS BEFORE DEACTIVATION OF TERMINALS
DID NOT ALLOW EXEMPTION IN VALUE AT RISK MARGINS DUE TO EARLY PAY-IN OF SECURITIES
DID NOT HAVE ANY SYSTEM OF RECORDING ADVANCE DELIVERIES INCLUDING VERIFICATION OF AUTHORIZED PERSONNEL FOR ENHANCING EXPOSURE LIMITS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-FEB-2006
|
|
| 49 |
|
|
NINE STAR BROKING PVT.LTD.
(PAN:AADCN3788J)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT ISSUE STATEMENT OF PLEDGING TO CLIENTS SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
ENTERED INCORRECT PAN DETAIL OF SECOND HOLDER IN CDAS
DID NOT MAKE DISCLOSURE OF NINE TERMINALS TO STOCK EXCHANGES AS BRANCH OFFICE/SUB-BROKERS OFFICE/AP OFFICE
|
IMPOSED PENALTY RS.8,00,000
23-SEP-2020
|
|
| 50 |
|
|
NNM SECURITIES PVT.LTD.
(PAN:AAACN8070G)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
USED CLIENT FUNDS FOR PROPRIETARY MTM PAY-IN OBLIGATION IN F&O SEGMENT
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DID NOT MAINTAIN STOCK MISMATCH ALERT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT FETCH KYC DETAILS FROM KRA
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
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
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT CLOSE EXCHANGE LEVEL ALERTS
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS AT THE OFFICE NOT FOUND
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS OUTSIDE FLAT AT THE ADDRESS REGISTERED WITH EXCHANGE NOT FOUND
PROVIDED EXPOSURE TO CLIENTS EVEN BEFORE CHEQUES GOT CLEARED
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE NAME OF COMPLIANCE OFFICER IN STOCK EXCHANGE RECORD
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
FORGED AND BACK-DATED HOLDING STATEMENTS, FORGED AND MANUFACTURED ARTIFICIAL LEDGER STATEMENTS, HOLDING STATEMENTS PURPORTEDLY SIGNED IN 2021 BEFORE IT WAS EVEN PRINTED IN OCTOBER 2022
DID NOT ISSUE CONTRACT NOTES
MISMATCHIN LIST OF TERMINALS IN EXCHANGE RECORDS AND/OR MISMATCH IN LOGIN IDS
|
IMPOSED PENALTY RS.20,00,000
22-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 29/04/2024 DIRECTED TO PAY RS.20,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 51 |
|
|
P R B SECURITIES PVT.LTD.
(PAN:AABCP5425G)
(Member : NSE/BSE)
|
|
|
CTCL TERMINALS USED BY OTHER APPROVED USERS IN THE ABSENCE OF APPROVED USERS OF THE CTCL TERMINALS
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.3,00,000
24-JUL-2024
|
|
| 52 |
|
|
PAVAK SECURITIES PVT.LTD.
(PAN:AABCP4399M)
(Member : BSE)
|
|
|
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT REFUND MONEY COLLECTED UNDER CIS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT COLLECT MARGINS FROM CLIENTS
PAID COMMISSION TO UNREGISTERED REMISIER
|
IMPOSED PENALTY RS.1,50,000
01-OCT-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.50,000 FROM RS.1,50,000
|
| 53 |
|
|
PEERLESS SECURITIES LTD.
(PAN:AABCP5069Q)
(Member : NSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
|
IMPOSED PENALTY RS.3,00,000
29-NOV-2024
|
|
| 54 |
|
|
PRASHANT JAYANTILAL PATEL,M/S
(PAN:AABPP2156M)
(Member : NSE)
|
|
|
|
PRASHANT JAYANTILAL PATEL
PAN:AABPP2156M
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN CONTRACT SLIPS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
|
IMPOSED PENALTY RS.2,00,000
09-NOV-2010
|
|
| 55 |
|
|
PRUTHVI BROKERS & SHARE HOLDINGS PVT.LTD.
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED FAILURE IN COLLECTION OF ADEQUATE MARGIN
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT CODES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
30-OCT-2009
|
|
| 56 |
|
|
QUANTUM GLOBAL SECURITIES LTD.
(PAN:AAACQ0053A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
PROVIDED WRONG NOMENCLATURE OF ACCOUNTS
DID NOT FURNISH ANY INFORMATION ABOUT BANK ACCOUNTS
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
REPORTED WRONG NET WORTH TO EXCHANGE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DISCREPANCIES IN KNOW YOUR CLIENTS (KYC) AND ACCOUNT OPENING PROCESS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DISCREPANCIES IN DEMAT AND REMAT REQUESTS
DISCREPANCIES IN ACCOUNT MODIFICATION
DISCREPANCIES IN ISSUANCE AND EXECUTION OF DIS
DISCREPANCIES RELATED TO INVESTOR GRIEVANCES
COMPLIANCE OFFICER DID NOT HAVE NISM SERIES VI-DOCE CERTIFICATION
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.20,00,000
29-SEP-2022
|
SEBI VIDE ITS NOTICE DATED 06/02/2023 DIRECTED TO PAY RS.21,21,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 24/02/2023 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
|
| 57 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : NSE)
|
|
|
DID NOT MAINTAIN ADEQUATE SYSTEMS FOR RECORDING OF ORDER PLACEMENT BY CLIENTS
DID NOT MAINTAIN PROPER SEGREGATION AND DEMARCATION AT AUTHORISED PERSONS OFFICE
DID NOT ENSURE THAT ITS AUTHORIZED PERSONS ENGAGED ONLY IN PERMITTED ACTIVITIES
DID NOT INSPECT BOOKS OF ACTIVE REGISTERED AUTHORISED PERSON AS PER APPLICABLE GUIDELINES
ENTRUSTED CTCL/DEALER TERMINALS TO ITS CLIENTS OTHER THAN APPROVED PERSONS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT REPORT CLIENTS MAPPED TO AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.9,00,000
29-NOV-2024
|
|
| 58 |
|
|
RUDRA SHARES & STOCK BROKERS LTD.
(PAN:AADCG1458J)
(Member : NSE/MCX/NCDEX)
|
|
|
TERMINAL OPERATED BY A PERSON OTHER THAN APPROVED USER
DID NOT SETTLE ACCOUNTS OF CLIENTS WITHIN STIPULATED TIME
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2024
|
|
| 59 |
|
|
SAM GLOBAL SECURITIES LTD.
(Member : BSE)
|
|
|
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
|
DIRECTED TO REVIEW THEIR SYSTEMS AND PROCEDURES AND TO REPORT SEBI ACCORDINGLY
05-OCT-2005
|
|
| 60 |
|
|
SAM GLOBAL SECURITIES LTD.
(Member : BSE)
|
|
|
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED INDULGENCE IN SENDING SMS AND EMAILS OF BEARISH OUTLOOK TO CLIENTS
ALLEGED VIOLATION OF CODE OF CONDUCT FOR STOCK BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
22-DEC-2008
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 3 of 4
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