| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
RAJRATHAN FINANCIAL SERVICES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
DEFICIENCIES IN CLIENT DATABASE
UNDERTOOK PRINCIPAL TO PRINCIPAL TRADE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT DATABASE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.4,00,000
10-JUN-2009
|
|
| 42 |
|
|
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
|
| 43 |
|
|
ROLEX FINVEST PVT.LTD.
(PAN:AABCR4129D)
(Sub-Broker of TCP STOCK BROKERS PVT.LTD., Member : BSE, AGBROS SECURITIES PVT.LTD., Member : CSE, M.AGARWAL STOCK BROKERS PVT.LTD., Member : DSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-MAR-2007
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE LEAVING PARTIES TO BEAR THEIR OWN COSTS
|
| 44 |
|
|
ROMESH BANSAL & CO.
(Sub-Broker of LSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
ROMESH BANSAL
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEALT IN CASH WITH CLIENTS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.20,000
29-SEP-2005
|
|
| 45 |
|
|
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
|
|
| 46 |
|
|
S.K.ENTERPRISE
(Sub-Broker of KNC SHARES & SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
JOBAN M.SHAH
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
|
IMPOSED PENALTY RS.6,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-AUG-2008
|
|
| 47 |
|
|
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
|
|
| 48 |
|
|
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
|
|
| 49 |
|
|
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
|
|
| 50 |
|
|
SHITAL SECURITIES PVT.LTD.
(CIN:U67120GJ1995PTC025443)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SWORD & SHIELD PHARMA LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JUN-2007
|
|
| 51 |
|
|
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
|
| 52 |
|
|
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 IN SCRIP OF HAVELLS INDIA LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER WHILE DEALING IN SCRIP OF HAVELLS INDIA LTD.
|
IMPOSED PENALTY RS.1,00,000 ALONG WITH OTHER ENTITIES/PERSONS
20-MAY-2009
|
SEBI VIDE ITS NOTICE DATED 30/09/2014 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
|
| 53 |
|
|
SRI GOPAL JAJU,M/S
(Member : HSE,Sub-Broker of BNR CAPITAL SERVICES PVT.LTD., Member : BSE, HSE SECURITIES LTD., Member : NSE)
|
|
|
|
SRI GOPAL JAJU
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
17-SEP-2007
|
|
| 54 |
|
|
SUBECHA SECURITIES PVT.LTD.
(Sub-Broker of SVS SECURITIES PVT.LTD., Member : BSE)
|
|
|
ACTED AS SUB-BROKER TO BETALA STOCK BROKING PVT.LTD.WITHOUT SEBI REGISTRATION
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF SOUNDCRAFT INDUSTRIES LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
23-JAN-2006
|
|
| 55 |
|
|
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
|
|
| 56 |
|
|
SUNIL SHARES & STOCKS PVT.LTD.
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE)
|
|
|
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
|
|
| 57 |
|
|
TANDON & CO.
(Member : LSE,Sub-Broker of LSE SECURITIES LTD., Member : BSE)
|
|
|
|
PRIYA TANDON
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES ISSUED BY SEBI
|
IMPOSED PENALTY RS.75,000
14-NOV-2007
|
|
| 58 |
|
|
VARUN STOCK BROKING
(Sub-Broker of SURESH RATHI SECURITIES PVT.LTD., Member : NSE)
|
|
|
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
|
|
| 59 |
|
|
VIRENDRA SINGH BHANDARI JR.,M/S
(Sub-Broker of S.S.KANTILAL ISHWARLAL SECURITIES LTD., Member : BSE)
|
|
|
|
VIRENDRA SINGH BHANDARI JR.
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF OJAS TECHNOCHEM PRODUCTS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 60 |
|
|
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
|
|
| 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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