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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.

SUB-BROKERS: SUSPENDED REGISTRATION AS SUB-BROKER

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

(Sub-Broker of BANSAL SHAREVEST SERVICES LTD., Member : NSE)  
Click here to view complete history of this specific entity/person SUMEET GARG
  		ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT   SUSPENDED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006 TO 17-JUL-2008

27-JUN-2006

SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000, LEGAL EXPENSES RS.50,000 VIDE CONSENT ORDER)

31-JUL-2008~ 		SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008  
62
History of entity/person SUNIL SHARES & STOCKS PVT.LTD.

(Sub-Broker of MPSE SECURITIES LTD., Member : BSE)  
  DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES FOR ITS CLIENTS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND CIRCULAR TRANSACTIONS IN SCRIP OF KWALITY DAIRY (INDIA) LTD.   		SUSPENDED REGISTRATION AS SUB-BROKER FROM 31-DEC-2009 TO 14-JAN-2010

09-DEC-2009 		 
63
History of entity/person SUPER FINVEST SERVICES PVT.LTD.

(Sub-Broker of LSE SECURITIES LTD., Member : NSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT MAINTAIN CLIENT DATABASE

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DEFAULTED IN MAINTENANCE OF GENERAL LEDGER

DID NOT MAINTAIN DTR REGISTER TO KEEP DETAILS OF DAILY MATCHED TRANSACTIONS OF A MEMBER ENTERED WITH OTHER MEMBERS ON FLOOR OF EXCHANGE

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT MAINTAIN DUPLICATE COPIES OF CONFIRMATION MEMOS   		SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2007 TO 31-JAN-2007

27-DEC-2006 		 
64
History of entity/person URMILA DHYAWALA,M/S

(Member : UPSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)  
Click here to view complete history of this specific entity/person URMILA DHYAWALA
  		DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION

DID NOT ISSUE CONTRACT NOTES

DID NOT ISSUANCE OF CONTRACT NOTES IN TIME

DID NOT MAINTAIN CLIENT DATABASE

DEALT WITH UN-REGISTERED SUB-BROKERS   		SUSPENDED REGISTRATION AS SUB-BROKER FROM 16-DEC-2010 TO 15-DEC-2011

SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-DEC-2010 TO 15-DEC-2011

25-NOV-2010 		 
65
History of entity/person VARUN STOCK BROKING

(Sub-Broker of SURESH RATHI SECURITIES PVT.LTD., Member : NSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY THE CLIENTS WITHOUT ANY INTENTION OF GIVING OR TAKING DELIVERY OF SHARES OF MOREPEN HOTELS LTD.

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.

DID NOT COLLECT MARGINS FROM CLIENTS   		SUSPENDED REGISTRATION AS SUB-BROKER FROM 17-JAN-2006 TO 16-MAR-2006

27-DEC-2005 		 
66
History of entity/person YASH STOCKBROKERS PVT.LTD.

(Sub-Broker of J.G.A.SHAH SHARE BROKERS PVT.LTD., Member : BSE)  
  DID NOT COLLECT MARGINS FROM CLIENTS

DISPARITIES IN DATES IN CLIENT REGISTRATION FORMS   		SUSPENDED REGISTRATION AS SUB-BROKER FROM 11-JAN-2006 TO 10-MAR-2006

21-DEC-2005 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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