| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
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
|
|
| 42 |
|
|
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
|
|
| 43 |
|
|
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
|
|
| 44 |
|
|
ISHITA CONSULTANCY PVT.LTD.
(PAN:AABCI2654Q)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF RIBA TEXTILES LTD.
|
PROHIBITED FROM TAKING UP ANY FRESH ASSIGNMENTS AS A SUB BROKER FROM 21-APR-2016 TO 05-MAY-2016
31-MAR-2016
|
|
| 45 |
|
|
JIP INVESTMENT SHARE & STOCK SUB-BROKER
(Sub-Broker of JHP SECURITIES PVT.LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS VIOLATING REGULATION 15 READ WITH CLAUSES A(1) & D(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-APR-2012 TO 16-AUG-2012
27-MAR-2012
|
|
| 46 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Member : ASE,Sub-Broker of PRABHUDAS LILLADHER PVT.LTD., Member : BSE)
|
|
|
|
JYOTISH BHOGILAL SHAH
|
|
|
KRUTIK JYOTISHBHAI SHAH
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLYING WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SAWACA COMMUNICATION LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
19-OCT-2011
|
|
| 47 |
|
|
KANIPURA SECURITIES
(PAN:ADMPV0337J)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
KRISHNA PRADEEPA S.V.
PAN:ADMPV0337J
|
|
TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
28-FEB-2019
|
|
| 48 |
|
|
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
|
|
| 49 |
|
|
KANSAL BROTHERS
(Sub-Broker of IKM INVESTOR SERVICES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ORIENT TRADE LINK LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
12-MAR-2012
|
|
| 50 |
|
|
KUNJU KRISHNAN GIREESAN,M/S
(PAN:ADLPG5047M)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : BSE)
|
|
|
|
KUNJU KRISHNAN GIREESAN
PAN:ADLPG5047M
|
|
TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000
18-JAN-2019
|
|
| 51 |
|
|
LRS PORTFOLIO & ADVISORY SERVICES PVT.LTD.
(Sub-Broker of INTEGRATED MASTER SECURITIES PVT.LTD., Member : NSE)
|
|
|
|
LALIT DUA
|
|
|
MANOJ DUA
|
|
DID NOT DISCLOSE SELF INTEREST AND POSITIONS IN SECURITIES WHILE MAKING INVESTMENT RECOMMENDATIONS ON A PUBLIC ACCESSIBLE MEDIA
|
DIRECTED TO CEASE & DESIST FROM GIVING RECOMMENDATIONS ABOUT ANY INVESTMENT IN SECURITIES IN PUBLIC MEDIA
INVESTORS CAUTIONED TO TAKE INFORMED DECISIONS WITHOUT BEING INFLUENCED BY SUCH RECOMMENDATIONS GIVEN IN PUBLIC MEDIA
21-MAR-2006
|
DIRECTION ISSUED VIDE INTERIM EX-PARTE ORDER DATED 21/03/2006 WITHDRAWN FOR A LIMITED PURPOSE OF FINALISING THE SAID ORDER
|
| 52 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of ACME SHARES & STOCK PVT.LTD., Member : BSE)
|
|
|
|
MAHENDRA S.THAKKAR
|
|
VIOLATED SEBI CODE OF CONDUCT
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 27-OCT-2004 TO 26-NOV-2004
06-OCT-2004
|
|
| 53 |
|
|
MADHU M.R.,M/S
(PAN:ALAPM2958C)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
MADHU M.R.
PAN:ALAPM2958C
|
|
TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
28-FEB-2019
|
|
| 54 |
|
|
MATHEW EASOW FINANCIAL SERVICES
(Sub-Broker of EUREKA STOCK & SHARE BROKING SERVICES LTD., Member : NSE)
|
|
|
|
MATHEW EASOW
|
|
FAILURE ON PART OF EMPLOYEE/REPRESENTATIVES IN DISCLOSING SELF INTEREST AND POSITIONS IN SECURITIES WHILE MAKING INVESTMENT RECOMMENDATIONS ON PUBLICLY ACCESSIBLE MEDIA
|
DIRECTED TO CEASE & DESIST FROM COMMITTING VIOLATIONS OF CODE OF CONDUCT FRAMED FOR SUB BROKERS
19-JAN-2006
|
SEBI DECIDED, NO NEED TO CONTINUE DIRECTIONS PASSED VIDE INTERIM ORDER DATED 19/01/2006
|
| 55 |
|
|
MAX INVESTMENTS & FINANCIAL SERVICES
(Sub-Broker of INDIA INFOLINE LTD., Member : BSE/NSE)
|
|
|
|
AVINASH KRISHNAJI DIXIT
PAN:AEXPD8128H
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 31-DEC-2015 TO 30-DEC-2020
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-DEC-2015 TO 30-DEC-2020
31-DEC-2015
|
|
| 56 |
|
|
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
|
| 57 |
|
|
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
|
| 58 |
|
|
MITHANI SECURITIES PVT.LTD.
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF KEWAL KIRAN CLOTHING LTD.
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSE A(2) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF KEWAL KIRAN CLOTHING LTD.
|
IMPOSED PENALTY RS.1,00,000
28-FEB-2011
|
|
| 59 |
|
|
MONALISHA SECURITIES PVT.LTD.
(Sub-Broker of INTEC SHARE & STOCK BROKERS LTD., Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH STRUCTURED DEALS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIPS OF VIDEOCON INDUSTRIES LTD. & NRB BEARINGS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE TRANSACTIONS VIOLATING REGULATION 15 READ WITH CLAUSES A(1), A(2), D(4), A(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF VIDEOCON INDUSTRIES LTD. & NRB BEARINGS LTD.
|
IMPOSED PENALTY RS.2,00,000
22-MAR-2012
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 17/07/2014 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
|
| 60 |
|
|
MUKTI ENTERPRISES
(Sub-Broker of ACTION FINANCIAL SERVICES (INDIA) LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF GENUS COMMU-TRADE LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GENUS COMMU-TRADE LTD.
|
IMPOSED PENALTY RS.50,000
09-NOV-2011
|
|
| 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 6
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