| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
HACIENDA INVESTMENTS PVT.LTD.
(Sub-Broker of VYOMIT SHARES STOCKS & INVESTMENTS PVT.LTD., Member : BSE, OMNISCIENT SECURITIES PVT.LTD.,THE, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND SELF TRADES IN SCRIP OF SHIRPUR GOLD REFINERY LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF SHIRPUR GOLD REFINERY LTD.
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 19-JUN-2009
29-MAY-2009
|
|
| 42 |
|
|
HARSH INVESTMENTS CONSULTANTS
|
|
|
|
NARENDRA DHARMSHI
|
|
INDULGED IN PRICE RIGGING AND CREATED ARTIFICIAL MARKETS IN SCRIP OF KRISHNA FILAMENTS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 08-JUL-2003 TO 07-JAN-2004
17-JUN-2003
|
|
| 43 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Sub-Broker of B.M.GANDHI SECURITIES PVT.LTD., Member : BSE)
|
|
|
ACTED IN CONCERT WITH GROUP ENTITIES TO CREATE ARTIFICIAL MARKET/PRICE RISE WITHOUT INTENDING TO TRANSFER THE BENEFICIAL OWNERSHIP OF THE SHARES IN CASE OF MALVICA ENGINEERING LTD.
DIVERTED BUSINESS TO VARIOUS BROKERS TO HIDE CONCERTED TRADING ON SURVEILLANCE SCREENS OF STOCK EXCHANGE
ACTED AS A CLIENT OF TRADING MEMBERS OF EXCHANGE OTHER THAN MEMBER WITH WHOM IT IS AFFILIATED AS A REGISTERED SUB-BROKER
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 15-FEB-2006
25-JAN-2006
|
|
| 44 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Sub-Broker of B.M.GANDHI SECURITIES PVT.LTD., Member : BSE)
|
|
|
AIDED PROMOTERS OF THE COMPANY IN CREATING MISLEADING APPEARANCE OF TRADING IN SCRIP OF NUMERO UNO PROJECTS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN SCRIP OF NUMERO UNO PROJECTS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 13-SEP-2007 TO 12-NOV-2007
23-AUG-2007
|
|
| 45 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Sub-Broker of B.M.GANDHI SECURITIES PVT.LTD., Member : BSE)
|
|
|
VIOLATED SEBI CODE OF CONDUCT
AIDED AND ABETTED CLIENTS IN CREATION OF ARTIFICIAL VOLUME IN SCRIP OF SAWACA BUSINESS MACHINES LTD.
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 27-OCT-2004
07-OCT-2004
|
|
| 46 |
|
|
HINDUSTAN HOLDINGS LTD.
(PAN:AAACH0524K)
(Sub-Broker of SOVEREIGN SECURITIES PVT.LTD., Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF SUN INFOWAYS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISING DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) IN MATTER OF SUN INFOWAYS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 19-OCT-2011 TO 18-JAN-2012
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 19-OCT-2011 TO 18-JAN-2012
19-OCT-2011
|
|
| 47 |
|
|
INFINITY.COM STOCK BROKING PVT.LTD.
(Member : BSE,Sub-Broker of ANAGRAM SECURITIES LTD., Member : NSE/ASE)
|
|
|
ALLEGED INDULGENCE IN PRICE MANIPULATION IN SCRIP OF GREENFIELD TRADING & FINANCE LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/ SPECIFIED SCRIPS DIRECTLY/INDIRECTLY) FROM 28-NOV-2008 TO 27-NOV-2009
28-NOV-2008
|
|
| 48 |
|
|
KANAN SECURITIES LTD.
(Sub-Broker of SHREEPATI HOLDINGS & FINANCE LTD., Member : NSE)
|
|
|
MANIPULATION IN SCRIP OF AMARA RAJA BATTERIES LIMITED DURING THE PERIOD AUGUST 2000 TO MARCH 2001
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-JUL-2002 TO 14-AUG-2002
16-JUL-2002
|
|
| 49 |
|
|
KANKESHWARI SECURITIES
(Sub-Broker of ACTION FINANCIAL SERVICES (INDIA) LTD., Member : BSE)
|
|
|
|
NIMESH CHITALIA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SHUKUN CONSTRUCTION LTD.
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
AIDED AND ABETTED CLIENTS IN EXECUTING SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SHUKUN CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
25-MAY-2009
SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000, LEGAL EXPENSES RS.32,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
05-JAN-2010~
|
SAT: ORDER DATED 25/05/2009 DISPOSED OFF. AS APPLICANT AGREED TO PAY RS.3,00,000 TOWARDS AO PENALTY AND RS.32,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 50 |
|
|
KANKESHWARI SECURITIES PVT.LTD.
|
|
|
ALLEGED INDULGENCE IN MARKET MANIPULATION THROUGH CIRCULAR TRANSACTIONS AND STRUCTURED DEALS IN SCRIP OF MALVICA ENGINEERING LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE IN CONDUCT OF HIS BUSINESS IN MATTER OF MALVICA ENGINEERING LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
03-AUG-2010
|
|
| 51 |
|
|
KHANDWALA SHAH & ASSOCIATES
(Sub-Broker of P.K.SHAH, Member : BSE)
|
|
|
IN THE CASE OF AMARA RAJA BATTERIES LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-JUL-2002 TO 14-JUL-2003
15-JUL-2003
|
|
| 52 |
|
|
KIRTIKUMAR KANTILAL SHAH,M/S
(Sub-Broker of M.P.VORA SHARES & SECURITIES LTD., Member : BSE)
|
|
|
|
KIRTIKUMAR KANTILAL SHAH
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRADING, SQUARING OFF TRANSACTIONS IN SCRIP OF MANGALYA EXPORTS LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
31-JAN-2006
|
|
| 53 |
|
|
KRISHNA & CO.
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
|
K.GNANASEKARAN
|
|
ACTED IN CONCERT TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH MATCHING/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF KLG SYSTEL LTD.
ATTEMPTED TO MISLEAD PUBLIC BY CREATING ARTIFICIAL MARKET IN SCRIP OF KLG SYSTEL LTD.
|
IMPOSED PENALTY RS.7,50,000 ALONG WITH OTHER ENTITIES/PERSONS
06-OCT-2006
|
|
| 54 |
|
|
KUNVARJI FINSTOCK LTD.
(Sub-Broker of SVS SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
ATUL MANHARLAL CHOKSHI
|
|
|
NAYAN K.THAKKAR
|
|
AIDED AND ABETTED ITS CLIENTS IN CREATING ARTIFICIAL MARKET IN SCRIP OF MOH LTD.
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-AUG-2007 TO 02-SEP-2007
13-JUL-2007
|
SAT: APPEAL ALLOWED, IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS
|
| 55 |
|
|
LAGAN FIN-CAP-LEASE LTD.
(Sub-Broker of BONANZA STOCK BROKERS LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL VOLUME IN SCRIP OF SHREE YAAX PHARMA & COSMETICS LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
20-AUG-2008
|
|
| 56 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF MOH LTD.
AIDED AND ABETTED ITS CLIENTS IN CREATING ARTIFICIAL MARKET IN SCRIP OF MOH LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 30-AUG-2007 TO 29-SEP-2007
09-AUG-2007
|
|
| 57 |
|
|
MAHEK CONSULTANTS
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF BHORUKA FINANCIAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
ACTED AS SUB-BROKER OF KOLAR SHARES PVT.LTD. WITHOUT SEBI REGISTRATION
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-MAR-2007 TO 14-APR-2007
22-FEB-2007
|
|
| 58 |
|
|
MALAR SHARESHOPPE LTD.
(Sub-Broker of RAMRAKH R.BOHRA, Member : BSE)
|
|
|
ACTED IN CONCERT WITH OTHER BROKERS TO CORNER A VERY LARGE QUANTITY OF SHARES OF BPL, VIDEOCON AND STERLITE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIPS OF BPL LTD., VIDEOCON INTERNATIONAL LTD. AND STERLITE INDUSTRIES LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-NOV-1998 TO 01-MAY-2000
17-NOV-1999
|
|
| 59 |
|
|
MAYEKAR INVESTMENT PVT.LTD.
(Sub-Broker of RAMANLAL D.SHAH, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL VOLUME IN SCRIP OF MALVICA ENGINEERING LTD.
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 08-DEC-2008
17-NOV-2008
|
|
| 60 |
|
|
MAYEKAR INVESTMENT PVT.LTD.
(Sub-Broker of RAMANLAL D.SHAH, Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF MALVICA ENGINEERING LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND NOT EXERCISED DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF MALVICA ENGINEERING LTD.
|
IMPOSED PENALTY RS.4,00,000
28-APR-2010
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 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 7
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