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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: DID NOT REPORT OFF-THE-FLOOR/SPOT TRANSACTIONS TO EXCHANGE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
61
History of entity/person KUSUM KOCHAR,M/S

(Member : GSE)  
Click here to view complete history of this specific entity/person KUSUM KOCHAR
  		DID NOT PAY FEES TO SEBI

DID NOT ISSUE CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

TRANSACTED AT A RATE HIGHER THAN MARKET RATE

DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-AUG-1998 TILL PAYMENT OF PRESCRIBED FEES TO SEBI

CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

27-JUL-1998 		 
62
History of entity/person LALKAR SECURITIES PVT.LTD.

(CIN:U65990MH1997PTC105421
PAN:AAACL1966B)

(Member : BSE)  
  DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE   WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

12-JAN-2006 		 
63
History of entity/person LYONS RANGE SHARE BROKING PVT.LTD.

(Member : CSE)  
Click here to view complete history of this specific entity/person HARI MODY
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

ENTERED INTO TRANSACTIONS WHICH WERE NOT SPOT DEALS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-NOV-2006 TO 05-DEC-2006

16-OCT-2006 		 
64
History of entity/person M.M.BROKERS PVT.LTD.

(Along with : RAJAN MAHESHWARI,M/S)  
Click here to view complete history of this specific entity/person RAJAN MAHESHWARI
  		DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION

DEFAULTED IN MAINTENANCE OF SAUDA BOOK

DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER

DID NOT ISSUE CONTRACT NOTES

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

USED EXCHANGE MECHANISM IN ORDER TO MEET FINANCIAL OBLIGATIONS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-JUL-1999 TO 01-AUG-1999

06-JUL-1999 		 
65
History of entity/person MACO SECURITIES PVT.LTD.

(Member : BGSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

LENT SHARES BELONGING TO CLIENTS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

12-SEP-2001 		 
66
History of entity/person MAHESH KOTHARI SHARES & STOCK BROKERS PVT.LTD.

(Member : BSE)  
  DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DEALT WITH UN-REGISTERED SUB-BROKERS

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

19-FEB-2002 		 
67
History of entity/person MAHIPAT RAICHAND SHAH,M/S

(Member : ASE)  
Click here to view complete history of this specific entity/person MAHIPAT RAICHAND SHAH
  		DEFAULTED IN MAINTENANCE OF MARGIN REGISTER

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS

DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER

SUBMITTED WRONG INFORMATION TO SEBI

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

EXECUTED FICTITIOUS TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-AUG-2001 TO 05-OCT-2001

03-AUG-2001 		 
68
History of entity/person MALAY INVESTMENT & FINANCIAL SERVICES PVT.LTD.

(Member : UPSE)  
  DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-OCT-2006 TO 24-OCT-2006

19-SEP-2006 		 
69
History of entity/person MAMTA INVESTORS

(Member : UPSE)  
Click here to view complete history of this specific entity/person SANJEEV KUMAR TIWARI
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-1998 TO 07-MAR-1999

04-DEC-1998 		 
70
History of entity/person MANOG SECURITIES PVT.LTD.

(Member : NSE)  
Click here to view complete history of this specific entity/person VIVEK GUPTA
  		DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT ISSUE CONTRACT NOTES IN SPECIFIED FORMAT

DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT MAINTAIN CLIENT DATABASE

ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE   		IMPOSED PENALTY RS.1,50,000

20-SEP-2006 		 
71
History of entity/person MEFCOM SECURITIES & STOCK BROKERS

(Member : DSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

18-JUN-1998 		 
72
History of entity/person MERRY SHARE FIN LTD.

(Member : ASE)  
  DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEALT WITH UN-REGISTERED SUB-BROKERS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DEFICIENCIES IN CLIENT DATABASE

EVADED CARRY FORWARD MARGIN

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-DEC-2002 TO 26-DEC-2003

24-DEC-2002 		 
73
History of entity/person MG CAPITAL SERVICES LTD.

(CIN:U74899DL1994PLC061509
PAN:AAACM6670R)

(Member : DSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS

DEALT WITH UN-REGISTERED SUB-BROKERS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

06-JAN-2000 		 
74
History of entity/person MUKESH K.MEHTA,M/S

(Member : ASE)  
Click here to view complete history of this specific entity/person MUKESH K.MEHTA
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

10-FEB-2000 		 
75
History of entity/person MUKESH SAWHNEY & CO.

(Member : DSE)  
  DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT REDRESS INVESTOR COMPLAINTS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

19-FEB-2002 		 
76
History of entity/person N.K.TIWARY,M/S

(Member : CSE)  
Click here to view complete history of this specific entity/person N.K.TIWARY
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

CONTRACT NOTES NOT SIGNED BY AUTHORISED REPRESENTATIVES

DEALT WITH UN-REGISTERED SUB-BROKERS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 11-JUL-2006

22-MAY-2006 		 
77
History of entity/person N.KHEMANI & CO.

(Member : CSE)  
Click here to view complete history of this specific entity/person N.KHEMANI
  		DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

PROVIDED WRONG/INCOMPLETE INFORMATION TO EXCHANGES   		DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-JAN-2003 TILL THE COMPLETION OF INVESTIGATION

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-JAN-2003 TILL THE COMPLETION OF INVESTIGATION

21-JAN-2003 		 
78
History of entity/person N.P.C.SHARE BROKERS PVT.LTD.

(Member : UPSE)  
  DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-MAY-2003 TO 15-SEP-2003

25-APR-2003 		 
79
History of entity/person OPTION SECURITIES PVT.LTD.

(Member : DSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

03-MAR-2000 		 
80
History of entity/person P.K.KHANNA & CO.

(Member : LSE)  
  DID NOT ADHERE TO SUMMONS ISSUED BY SEBI

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DID NOT MAINTAIN CLIENT DATABASE

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

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

DID NOT CHARGE BROKERAGE

CHARGED DIFFERENT RATES OF BROKERAGE FROM DIFFERENT CLIENTS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-NOV-2006 TO 12-FEB-2007

23-OCT-2006 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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