| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
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
|
| 42 |
|
|
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
|
|
| 43 |
|
|
PAARK SECURITIES PVT.LTD.
(Sub-Broker of TECHNO SHARES & STOCKS LTD., Member : BSE)
|
|
|
|
A.RAMA RAO
|
|
FACILITATED VIOLATION OF REGULATION 4(E) OF SEBI (PFUTP) REGULATIONS
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-FEB-2005 TO 16-AUG-2005
27-JAN-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION FROM 6 MONTHS TO 3 MONTHS
|
| 44 |
|
|
PARKLIGHT SECURITIES LTD.
(PAN:AABCP6609A)
(Sub-Broker of ASE CAPITAL MARKETS LTD.,STOCK BROKERS~AHMEDABAD, Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A (1), A (2), D (4) AND D (5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF IT MICROSYSTEMS (INDIA) LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 30-NOV-2012 TO 13-DEC-2012
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-NOV-2012 TO 13-DEC-2012
09-NOV-2012
|
|
| 45 |
|
|
PRAVEEN KUMAR & CO.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFAULTED IN SUBMITTING CORRECT TURNOVER DATA
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-DEC-2006 TO 11-JAN-2007
07-DEC-2006
|
|
| 46 |
|
|
RAJENDRA JAYANTILAL SHAH,M/S
(PAN:ACIPS6614E)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE,Member : ASE)
|
|
|
|
RAJENDRA JAYANTILAL SHAH
PAN:ACIPS6614E
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD.(NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 47 |
|
|
RAVI VISHNU SECURITIES LTD.
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SANJAY GARG
|
|
|
VIJAYESH ATRE
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ALFAVISION OVERSEAS (INDIA) LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 04-FEB-2009 TO 03-AUG-2010
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-FEB-2009 TO 03-AUG-2010
14-JAN-2009
|
|
| 48 |
|
|
ROYAL INVESTMENTS
(Sub-Broker of B.D.SHAH SECURITIES LTD., Member : BSE)
|
|
|
|
JAGRUT KOTARI
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF MOH LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 13-AUG-2007 TO 27-AUG-2007
23-JUL-2007
|
|
| 49 |
|
|
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
|
|
| 50 |
|
|
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
|
| 51 |
|
|
SANJAY BIYANI,M/S
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE)
|
|
|
|
SANJAY BIYANI
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES FOR ITS CLIENTS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND CIRCULAR TRANSACTIONS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 31-DEC-2009 TO 14-JAN-2010
09-DEC-2009
|
|
| 52 |
|
|
SBM INVESTMENTS
(Sub-Broker of MUKESH BABU SECURITIES LTD., Member : BSE)
|
|
|
INDULGED IN SYNCHRONIZED TRADING IN SCRIP OF GLOBAL TRUST BANK LTD.
VIOLATED SEBI CODE OF CONDUCT
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 04-NOV-2004 TO 03-MAR-2005
14-OCT-2004
|
|
| 53 |
|
|
SHAILEE SECURITIES
(Sub-Broker of PRAMODKUMAR JAIN SECURITIES PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATING ARTIFICIAL MARKET IN SCRIP OF SPANCO TELESYSTEMS & SOLUTIONS LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-MAR-2007 TO 29-MAR-2007
22-FEB-2007
|
|
| 54 |
|
|
SHAILEE SECURITIES
(Sub-Broker of PRAMODKUMAR JAIN SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
JANAK B.RAJA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY THE CLIENTS WITHOUT ANY INTENTION OF GIVING OR TAKING DELIVERY OF SHARES OF MOREPEN HOTELS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2006 TO 16-MAR-2006
27-DEC-2005
|
|
| 55 |
|
|
SHIVAM INVESTMENTS
(Sub-Broker of JOINDRE CAPITAL SERVICES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY CLIENTS WITHOUT ANY INTENTION OF TAKING OR GIVING DELIVERY OF SHARES OF EONOUR SOFTWARE LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 20-JAN-2006 TO 19-MAR-2006
30-DEC-2005
|
|
| 56 |
|
|
SHREEPATI HOLDINGS & FINANCE PVT.LTD.
(PAN:AAACS3111R)
(Sub-Broker of JCL SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
KANAN SHETH
|
|
ALLEGED NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF SUN INFOWAY LTD.
INDULGED IN EXECUTING MANIPULATIVE TRADES BY STRUCTURED AND CROSS DEALS ON BEHALF OF CLIENTS IN SCRIP OF SUN INFOWAYS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 19-NOV-2007 TO 18-JAN-2008
29-OCT-2007
|
SAT: APPEAL DISMISSED AS WITHDRAWN
|
| 57 |
|
|
SHRI PARSHWA FINANCE
(Sub-Broker of JYOTISH BHOGILAL STOCK BROKERS PVT.LTD., Member : ASE)
|
|
|
|
PIYUSH SUBODHCHANDRA JHAVERI
|
|
AIDED AND ABETTED PREFERENTIAL ALLOTTEES, BROKERS/SUB-BROKERS AND CLIENTS IN OFFLOADING UNLISTED SHARES OF SOFTRACK TECHNOLOGY EXPORTS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-MAY-2012 TO 16-AUG-2012
26-APR-2012
|
|
| 58 |
|
|
SHRI PARSHWA FINANCE
(Sub-Broker of P.SURYAKANT SHARE & STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
|
PIYUSH SUBODHCHANDRA JHAVERI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SAARC NET LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES REQUIREMENTS VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SAARC NET LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 01-JUN-2012 TO 31-AUG-2012
11-MAY-2012
|
|
| 59 |
|
|
SPARKLING SECURITIES
(Sub-Broker of CHURIWALA SECURITIES PVT.LTD., Member : BSE)
|
|
|
INDULGED IN PRICE MANIPULATION BY CIRCULAR AND STRUCTURED TRANSACTIONS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 02-APR-2009
12-DEC-2008
|
|
| 60 |
|
|
SREE GANESH ENTERPRISE
(Sub-Broker of BP EQUITIES PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF ALANG INDUSTRIES GASES LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 30-JAN-2009 TO 28-FEB-2009
09-JAN-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 3 of 4
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