| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
GALAXY BROKING LTD.
(PAN:AABCG5457B)
(Member : BSE)
|
|
|
|
ANIL AMRUITLAL GANDHI
PAN:ACIPG8954B
|
|
ACTED IN CONCERT WITH ITS CLIENTS AND PROMOTERS OF COMPANIES/INTER CONNECTED ENTITIES TO CREATE ARTIFICIAL MARKET AND PRICE RISE IN CASE OF MANY COMPANIES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT EXERCISE DUE SKILL AND DILIGENCE WHILE OPENING CLIENTS' ACCOUNTS
INDULGED IN INDIRECT FUNDING TO CLIENTS
DID NOT EXPLAIN VARIOUS AMOUNTS SHOWN IN CREDIT SIDE OF ITS BOOKS OF ACCOUNTS
DID NOT ENTER INTO TRIPARTITE AGREEMENT WITH CLIENTS COMING THROUGH SUB-BROKERS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT ADHERE TO CONDITIONS OF PROVISIONAL REGISTRATION
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT IN CASH WITH CLIENTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 24-JAN-2006 TILL FURTHER ORDERS
24-JAN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
07-JAN-2008~
|
CONFIRMED AD-INTERIM ORDER DATED 24/01/2006 AND DIRECTED DEPOSITORIES NO TO GIVE EFFECT TO ANY TRANSFER OF SHARES OF THE COMPANIES AS PER TABLE 1 IN ORDER, LYING IN THE BENEFICIAL OWNER ACCOUNTS OF CLIENTS, AS PER ORDER DATED 21/12/2006
AD-INTERIM ORDER DATED 24/01/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.1,00,000 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 07/01/2008
|
| 62 |
|
|
GANESH STOCK & SHARE BROKERS PVT.LTD.
(Member : BGSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
ALLOWED THIRD PARTY TO PLACE ORDERS FOR CLIENTS WITHOUT OBTAINING WRITTEN CONSENT FROM CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
DID NOT ISSUE CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-OCT-2006 TO 07-NOV-2006
03-OCT-2006
|
|
| 63 |
|
|
GAYATHRI & CO.
(Member : BGSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DELIVERED SHARES TO AN INDIVIDUAL WITHOUT BEING AUTHORISED BY CLIENTS
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-SEP-2006 TO 04-OCT-2006
30-AUG-2006
|
|
| 64 |
|
|
GCM SECURITIES LTD.
(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS TO HOLD SECURITIES IN POOL ACCOUNT
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-JAN-2002
|
|
| 65 |
|
|
GEETA SHARE ENTERPRISES
(Member : UPSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2004 TO 08-MAY-2005
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-NOV-2004 TO 08-MAY-2005
19-OCT-2004
|
|
| 66 |
|
|
GLOBE CAPITAL MARKET LTD.
(Member : BSE/NSE/LSE)
|
|
|
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED INDULGENCE IN SENDING SMS AND EMAILS OF BEARISH OUTLOOK TO CLIENTS
ALLEGED VIOLATION OF CODE OF CONDUCT FOR STOCK BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
22-DEC-2008
|
|
| 67 |
|
|
GOVIND BROS.
(Member : HSE)
|
|
|
|
GOVIND KISHORE RATHI
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT ISSUE CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-JAN-2003 TO 05-JUL-2003
24-DEC-2002
|
|
| 68 |
|
|
GROVALUE COMMODITY PVT.LTD.
(PAN:AAFCG2360M)
(Member : MCX/NCDEX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION
DID NOT PROVIDE DATA REGARDING REGISTER OF COMMODITY, BROKERAGE, PERIODIC BANK RECONCILIATION, ORDER LOG ETC.
DID NOT MENTION SEBI REGISTRATION DETAILS ON CONTRACT NOTES AND STATEMENT OF ACCOUNT
|
IMPOSED PENALTY RS.7,00,000
19-MAY-2021
|
SEBI VIDE ITS NOTICE DATED 24/11/2022 DIRECTED TO PAY RS.8,34,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS NOTICE DATED 06/01/2023 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS 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
|
| 69 |
|
|
GUJARAT SHARES & SECURITIES LTD.
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 30-DEC-1998
30-DEC-1998
|
|
| 70 |
|
|
H.T.NANAVATI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
ASSIGNED COMMON CLIENT CODE TO DIFFERENT CLIENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
01-FEB-2006
|
|
| 71 |
|
|
HARIKRISHNA STOCKS PVT.LTD.
(Member : BGSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-DEC-2006 TO 04-JAN-2007
30-NOV-2006
|
|
| 72 |
|
|
HEXAGON CAPITAL MARKETS LTD.
(Member : BGSE)
|
|
|
|
B.VENKATACHALAM
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DEFICIENCIES IN REGISTRATION FORMS
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
ALLOWED THIRD PARTY TO PLACE ORDERS FOR CLIENTS WITHOUT OBTAINING WRITTEN CONSENT FROM CLIENTS
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-DEC-2006 TO 19-DEC-2006
14-NOV-2006
|
|
| 73 |
|
|
IFB SECURITIES LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF VARIOUS RECORDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
COMMITTED IRREGULARITIES REGARDING DEALING WITH CLIENTS
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 74 |
|
|
IL&FS INVESTSMART LTD.
(PAN:AAACI3364A)
(Member : BSE/NSE)
|
|
|
|
K.KAMALA
|
|
|
SACHIN JOSHI
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT EXERCISE DUE CARE AND DILIGENCE
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
|
IMPOSED PENALTY RS.2,00,000
18-NOV-2004
|
|
| 75 |
|
|
INDAVARA STOCKS
(Member : BGSE)
|
|
|
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
25-SEP-2006
|
|
| 76 |
|
|
INDEX FINLEASE SERVICES LTD.
(Member : BGSE)
|
|
|
|
G.L.KOTHARI
|
|
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFAULTED IN MAINTENANCE OF RECORD OF TIME OF PLACEMENT OF ORDERS
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-FEB-2004 TO 02-MAR-2004
31-JAN-2004
|
|
| 77 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE)
|
|
|
ACCEPTED DEPOSITORY PARTICIPANT-CLIENT AGREEMENT FORM WITHOUT DATE
ACCEPTED POWER OF ATTORNEY FROM CLIENTS WITHOUT DATE AND COMPLETE DETAILS
ACCEPTED CLIENT AGREEMENTS WITHOUT WITNESS
ACCEPTED BLANK UNCROSSED OR INCOMPLETE NOMINATION FORMS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
29-MAY-2009
|
|
| 78 |
|
|
INSIGHT SHARE BROKERS PVT.LTD.
(Member : NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT OPEN SEPARATE BENEFICIARY ACCOUNTS FOR ALL CLIENTS AVAILING MARGIN TRADING FACILITY FROM THE BROKER
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT PAY STAMP DUTY ON CONTRACT NOTES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
06-JAN-2006
|
|
| 79 |
|
|
INTEC SHARE & STOCK BROKERS LTD.
(PAN:AAACI2151H)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEALT IN CASH WITH CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-SEP-2003 TO 15-JAN-2004
25-AUG-2003
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION OF FOUR MONTHS TO SIMPLE WARNING
|
| 80 |
|
|
INTERFACE BROKERAGE & RESEARCH LTD.
(Member : ASE)
|
|
|
DEFICIENCIES IN CLIENT DATABASE
DEFICIENCIES IN REGISTRATION FORMS
|
IMPOSED PENALTY RS.50,000
02-MAR-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 4 of 12
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