| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
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
|
|
| 62 |
|
|
KUMAR INVESTMENTS
(Sub-Broker of GROWTH AVENUES LTD., Member : NSE)
|
|
|
|
PRAVINBHAI PARSHATAMBHAI DUDHAT
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEALT IN CASH WITH CLIENTS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.2,00,000 ALONG WITH OTHER ENTITIES/PERSONS
03-AUG-2007
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 63 |
|
|
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
|
|
| 64 |
|
|
LAKSH SHREE FINANCIAL SERVICES LTD.
(Sub-Broker of OTCEI SECURITIES LTD., Member : NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFICIENCIES IN CLIENT DATABASE
DID NOT PASS ON CORPORATE BENEFITS TO CLIENTS
|
IMPOSED PENALTY RS.15,000
17-NOV-2004
|
|
| 65 |
|
|
LIBERTY STOCKLINKS PVT.LTD.
(Sub-Broker of RENAISSANCE SECURITIES LTD., Member : BSE)
|
|
|
|
SUNIL SHARMA
|
|
|
VIKAS MEHTA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
FAILED TO DELIVER SHARES TO CLIENTS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN EXECUTING SUB-BROKING ACTIVITIES
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.4,00,000
20-NOV-2008
|
SAT: APPEAL DISMISSED AS WITHDRAWN WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 66 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of ACME SHARES & STOCK PVT.LTD., Member : BSE)
|
|
|
|
MAHENDRA S.THAKKAR
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
|
IMPOSED PENALTY RS.25,000
24-NOV-2005
|
|
| 67 |
|
|
MACO SECURITIES PVT.LTD.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
MAHESH BAJAJ
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DEFAULTED IN PAY-IN OBLIGATIONS
|
IMPOSED PENALTY RS.20,000
31-DEC-2004
|
|
| 68 |
|
|
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
|
|
| 69 |
|
|
MANI & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE,Member : MDSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
02-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000
|
| 70 |
|
|
MANOJ SARNA & CO.
(Sub-Broker of LSE SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
MANOJ SARNA
|
|
DID NOT MAINTAIN PURCHASE AND SALE NOTES IN PRESCRIBED FORMAT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEALT IN CASH WITH CLIENTS
DID NOT MAKE PAYMENT TO CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
TRANSFERRED FUNDS BETWEEN DIFFERENT CLIENT ACCOUNTS
INDULGED IN FUNDS LENDING/BORROWING NOT RELATED TO/CONSEQUENTIAL TO/CONNECTED TO SECURITIES MARKET
|
IMPOSED PENALTY RS.1,50,000
10-NOV-2005
|
|
| 71 |
|
|
MARFATIA ASSOCIATES
(Sub-Broker of VSE SECURITIES LTD., Member : BSE)
|
|
|
|
NISHIL MARFATIA
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
IMPOSED PENALTY RS.15,000
01-DEC-2004
|
|
| 72 |
|
|
MASTER SHARE & STOCK BROKERS LTD.
(PAN:AABCM1077H)
(Sub-Broker of LSE SECURITIES LTD., Member : BSE)
|
|
|
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
IMPOSED PENALTY RS.3,00,000
30-JUN-2014
|
SAT: APPEAL DISMISSED. NO COSTS
|
| 73 |
|
|
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
|
| 74 |
|
|
MITHANI SECURITIES PVT.LTD.
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN CLIENT REGISTRATION FORMS IN MATTER OF OASIS MEDIA MATRIX LTD.
DID NOT EXERCISE DUE DILIGENCE IN MATTER OF OASIS MEDIA MATRIX LTD.
|
IMPOSED PENALTY RS.1,00,000
31-MAR-2009
|
SAT: IMPUGNED ORDER DATED 31/03/2009 MODIFIED BY REDUCING PENALTY AMOUNT TO RS.50,000 FROM RS.1,00,000, DIRECTED TO DEPOSIT WITHIN FOUR WEEKS WITH NO ORDER AS TO COSTS
|
| 75 |
|
|
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
|
|
| 76 |
|
|
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
|
| 77 |
|
|
MPS SECURITIES
(Sub-Broker of RENAISSANCE SECURITIES LTD., Member : BSE, SHAILESH HIRALAL DOSHI, Member : NSE)
|
|
|
|
AJAY JAIN
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
FAILED TO COMPLY WITH THE UNIQUE CLIENT CODE AS PRESCRIBED BY SEBI
|
IMPOSED PENALTY
16-JUN-2010
|
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 78 |
|
|
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
|
|
| 79 |
|
|
NELLIYAN STOCKS
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
|
V.ARUNACHALAM
|
|
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.50,000 ALONG WITH OTHER ENTITIES/PERSONS
29-SEP-2006
|
|
| 80 |
|
|
NELLIYAN STOCKS
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : BSE/NSE)
|
|
|
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
IMPOSED PENALTY RS.50,000
10-MAR-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 4 of 8
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