| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
RAMAN RAM NIWAS,M/S
(Sub-Broker of JSEL SECURITIES LTD., Member : BSE)
|
|
|
|
RAMAN ROONGTA
|
|
DEFAULTED IN MAINTENANCE OF ORDER CONFIRMATION SLIP
DID NOT MAINTAIN SEGREGATION BETWEEN SUB-BROKER FUNDS AND OWN FUNDS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
DEALT IN CASH WITH CLIENTS
COMMITTED IRREGULARITIES PERTAINING TO CLIENTS SECURITIES
DEFICIENCIES IN REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT FILE REQUISITE AUDITOR'S CERTIFICATE IN PRESCRIBED FORMAT TO SEBI AND TO STOCK EXCHANGE
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
IMPOSED PENALTY RS.5,00,000
14-SEP-2007
SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
25-AUG-2008~
|
SAT: AGREED TO PAY RS.1,00,000 AS PER CONSENT ORDER HENCE APPLIED TO RECTIFY THE ORDER. APPEAL ACCEPTED
|
| 42 |
|
|
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
|
|
| 43 |
|
|
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
|
| 44 |
|
|
SHARAVU SECURITIES PVT.LTD.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
N.M.GIRISH
|
|
|
RAMCHANDRA
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.20,000
31-DEC-2004
|
|
| 45 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| 46 |
|
|
SUBHASH GANGWAL,M/S
(Sub-Broker of JSEL SECURITIES LTD., Member : BSE)
|
|
|
|
SUBHASH GANGWAL
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.40,000
03-NOV-2004
|
|
| 47 |
|
|
SUPER FINVEST SERVICES PVT.LTD.
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT DATABASE
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF GENERAL LEDGER
DID NOT MAINTAIN DTR REGISTER TO KEEP DETAILS OF DAILY MATCHED TRANSACTIONS OF A MEMBER ENTERED WITH OTHER MEMBERS ON FLOOR OF EXCHANGE
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2007 TO 31-JAN-2007
27-DEC-2006
|
|
| 48 |
|
|
URMILA DHYAWALA,M/S
(Member : UPSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
|
URMILA DHYAWALA
|
|
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
DID NOT ISSUE CONTRACT NOTES
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT MAINTAIN CLIENT DATABASE
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 16-DEC-2010 TO 15-DEC-2011
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-DEC-2010 TO 15-DEC-2011
25-NOV-2010
|
|
| 49 |
|
|
V & U SECURITIES PVT.LTD.
(PAN:AAACV6984H)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
EXECUTED TRANSACTIONS FOR CLIENT BEFORE OBTAINING CLIENT REGISTRATION FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH A CLIENT WHO IS A DEFAULTER
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 50 |
|
|
VENUGOPAL MALANI,M/S
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
|
VENUGOPAL MALANI
|
|
DELAYED SUBMISSION OF AUDIT REPORT TO THE EXCHANGE
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.2,00,000
30-DEC-2004
|
|
| 51 |
|
|
VRS SECURITIES LTD.
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
DEFAULTED IN MAINTENANCE OF CLIENT LEDGER
DID NOT EXERCISE DUE CARE AND DILIGENCE
DEALT WITH UN-REGISTERED SUB-BROKERS
DISCREPANCIES IN CLIENT CODES
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
DID NOT ENTER INTO TRIPARTITE AGREEMENT WITH CLIENTS
|
IMPOSED PENALTY RS.1,50,000
28-NOV-2008
|
|
| 52 |
|
|
Y.SATEESH KUMAR,M/S.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
|
Y.SATEESH KUMAR
|
|
INDULGED IN INDIRECT FUNDING TO CLIENTS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
IMPOSED PENALTY RS.75,000
21-SEP-2006
|
|
| 53 |
|
|
YASH STOCKBROKERS PVT.LTD.
(Sub-Broker of J.G.A.SHAH SHARE BROKERS PVT.LTD., Member : BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DISPARITIES IN DATES IN CLIENT REGISTRATION FORMS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 11-JAN-2006 TO 10-MAR-2006
21-DEC-2005
|
|
| 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 3
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