| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
ORBIT SECURITIES PVT.LTD.
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRANSACTIONS IN SCRIP OF MONALISA INFOTECH LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS WHILE DEALING IN SCRIP OF MONALISA INFOTECH LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
10-MAR-2010
|
|
| 62 |
|
|
PARESH S.SHAH,M/S
(PAN:AREPS5878H)
(Sub-Broker of PUNE E STOCK BROKING PVT.LTD., Member : BSE)
|
|
|
|
PARESH S.SHAH
PAN:AREPS5878H
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS IN SCRIP OF HARITA SEATING SYSTEMS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID 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 HARITA SEATING SYSTEMS LTD.
|
IMPOSED PENALTY RS.32,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-AUG-2015
|
SAT: SAT VIDE ITS ORDER DATED 15/12/2016 PERMITTED APPELLANT TO PAY PENALTY IMPOSED UNDER THE IMPUGNED ORDER DATED 31/08/2015 ON OR BEFORE 15/03/2017. NO COSTS
|
| 63 |
|
|
PARKLIGHT SECURITIES LTD.
(PAN:AABCP6609A)
(Sub-Broker of ASE CAPITAL MARKETS LTD.,STOCK BROKERS~AHMEDABAD, Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A (1), A (2), D (4) AND D (5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF IT MICROSYSTEMS (INDIA) LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 30-NOV-2012 TO 13-DEC-2012
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-NOV-2012 TO 13-DEC-2012
09-NOV-2012
|
|
| 64 |
|
|
PIONEER SECURITIES
(PAN:AJHPG8777E)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
BENOI C.GEORGE
PAN:AJHPG8777E
|
|
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
|
|
| 65 |
|
|
PRADEEP A.RAMNANI,M/S
(PAN:AACPR0439E)
(Sub-Broker of ANGEL BROKING PVT.LTD., Member : BSE/NSE)
|
|
|
|
PRADEEP A.RAMNANI
PAN:AACPR0439E
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15(1)(B)(D) OF STOCK BROKERS READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS NSE CIRCULARS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
22-MAR-2016
|
SAT: SAT VIDE ITS ORDER DATED 03/08/2017 DISMISSED THE APPEAL. NO COSTS AND DIRECTED APPELLANT TO PAY PENALTY AMOUNT WITHIN 30 DAYS FROM THE DATE OF THIS ORDER
|
| 66 |
|
|
PRAKASH VARMA,M/S
(Sub-Broker of VENTURA SECURITIES LTD., Member : BSE/NSE)
|
|
|
|
PRAKASH VARMA
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSES A(1) AND A(2 OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 15(1)(B) AND 26(XV), (XVI), (XIX) & (XX) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.5,00,000
29-NOV-2018
|
|
| 67 |
|
|
PRASHANT KHALPADA,M/S
(Member : BSE/NSE)
|
|
|
|
PRASHANT KHALPADA
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ATUL AUTO LTD.
ALLEGED FAILURE IN MAINTAINING INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),D(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 ATUL AUTO LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
14-SEP-2010
|
|
| 68 |
|
|
PRAVEEN KUMAR JAIN,M/S
(Sub-Broker of HEM SECURITIES LTD., Member : BSE)
|
|
|
|
PRAVEEN KUMAR JAIN
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH CIRCULAR, SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF AUTOLITE INDIA LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1), D(4) TO D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUTOLITE INDIA LTD.
|
IMPOSED PENALTY RS.2,50,000
31-DEC-2010
|
|
| 69 |
|
|
PRESILCO IMPEX LTD.
(PAN:AACCP4844L)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN AVOIDING SUCH EXECUTION OF TRADDES ON BEHALF OF GROUP ENTITIES/NOTICEES AND FACILITATED GROUP ENTITIES IN PLACING/EXECUTING HUGE TRADES RESULTING INTO CREATION OF ARTIFICIAL VOLUME/PRICE RISE VIOLATING REGULATION 15 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
|
IMPOSED PENALTY RS.2,00,000
24-JAN-2020
|
SEBI VIDE ITS ORDER DATED 29/11/2022 RE-IMPOSED PENALTY RS.2 LAC U/S 15HB OF SEBI ACT,1992 AND DIRECTED TO PAY WITHIN FORTY-FIVE DAYS FROM DATE OF THIS ORDER
SEBI VIDE ITS NOTICE DATED 25/09/2023 DIRECTED TO PAY RS.2,23,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
|
| 70 |
|
|
PRESILCO IMPEX LTD.
(PAN:AACCP4844L)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN AVOIDING SUCH EXECUTION OF TRADDES ON BEHALF OF GROUP ENTITIES/NOTICEES AND FACILITATED GROUP ENTITIES IN PLACING/EXECUTING HUGE TRADES RESULTING INTO CREATION OF ARTIFICIAL VOLUME/PRICE RISE VIOLATING REGULATION 15 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
|
IMPOSED PENALTY RS.8,00,000
27-OCT-2017
|
SAT: SAT VIDE ITS ORDER DATED 08/11/2017 SET ASIDED IMPUGNED ORDER DATED 27/10/2017 AND PERMITTED APPELLANT AND OTHER PARTIES TO SUBMIT REPLY WITHIN THREE WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
|
| 71 |
|
|
RAJENDRA JAYANTILAL SHAH,M/S
(PAN:ACIPS6614E)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
RAJENDRA JAYANTILAL SHAH
PAN:ACIPS6614E
|
|
INDULGED IN CREATION ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI BROKER REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
30-APR-2013
|
SAT: SAT VIDE ITS ORDER DATED 09/10/2013 MODIFIED SEBI'S ORDER DATED 30/04/2013 BY REDUCING PENALTY AMOUNT TO RS.1 LAC FROM RS.10 LACS. NO COSTS
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 72 |
|
|
RAJENDRA JAYANTILAL SHAH,M/S
(PAN:ACIPS6614E)
(Sub-Broker of ASE CAPITAL MARKETS LTD.,STOCK BROKERS~AHMEDABAD, Member : BSE)
|
|
|
|
RAJENDRA JAYANTILAL SHAH
PAN:ACIPS6614E
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),2,D(1),(4) AND (5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI ENTERPRISES LTD.
|
IMPOSED PENALTY RS.2,00,000
19-MAR-2010
|
INCLUDED IN SEBI LIST DATED 30/06/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 73 |
|
|
RAJENDRA JAYANTILAL SHAH,M/S
(PAN:ACIPS6614E)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE,Member : ASE)
|
|
|
|
RAJENDRA JAYANTILAL SHAH
PAN:ACIPS6614E
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD.(NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
SAT: APPEAL ALLOWED WITH NO ORDER AS TO COSTS
|
| 74 |
|
|
RAJENDRA R.MEHTA,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
RAJENDRA R.MEHTA
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
PAID BROKERAGE TO CLIENTS AND VIOLATED CODE OF CONDUCT OF STOCK BROKER REGULATIONS
GAVE SHORT TERM LOANS TO SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 75 |
|
|
RAJESH PRADHAN,M/S
(PAN:AAJPP9048G)
(Sub-Broker of TECHNO SHARES & STOCKS PVT.LTD., Member : NSE/BSE)
|
|
|
|
RAJESH PRADHAN
PAN:AAJPP9048G
|
|
AIDED AND ABETTED CLIENTS IN CREATION OF ARTIFICIAL VOLUME THROUGH CROSS DEALS AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF VALECHA ENGINEERING LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1), A(2), D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF VALECHA ENGINEERING LTD.
|
IMPOSED PENALTY RS.7,00,000
02-JAN-2015
|
|
| 76 |
|
|
RAJU RAJAK,M/S
(Sub-Broker of ANGEL BROKING PVT.LTD., Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15(1)(B) OF SUB BROKERS READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.1,00,000
13-JUN-2018
|
SEBI VIDE ITS NOTICE DATED 25/07/2022 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
SEBI VIDE ITS ORDER DATED 30/09/2022 DIRECTED ALL THE BANKS TO REMIT RS.77,999.00 TO THE EXTENT LYING IN THE ACCOUNT OF RAJU RAJAK,M/S & MR.RAJU RAJAK BY WAY OF EFT/NEFT/RTGS
|
| 77 |
|
|
RAUSHEE INVESTMENTS
(Sub-Broker of PIONEER INTERMEDIARIES PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF RECRON SYNTHETICS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE 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) REGULATIONS, 1992 IN MATTER OF RECRON SYNTHETICS LTD.
|
IMPOSED PENALTY RS.10,000
27-OCT-2009
|
|
| 78 |
|
|
REJI P.D.,M/S
(PAN:AKAPD4174G)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
REJI P.D.
PAN:AKAPD4174G
|
|
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
05-MAR-2019
|
|
| 79 |
|
|
S.DHANDAPANI,M/S
(PAN:ABZPD6410H)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
S.DHANDAPANI
PAN:ABZPD6410H
|
|
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
05-MAR-2019
|
|
| 80 |
|
|
S.L.GUPTA & CO.
(Sub-Broker of DSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN SCRIPS OF SKYWEB INFOTECH LTD. AND SUNSHINE CAPITAL LTD.
ALLEGED VIOLATION OF CLAUSES A(1) , (3) AND (4) OF CODE OF CONDUCT FOR STOCK BROKERS AS CONTAINED IN SCHEDULE II READ WITH REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE SUSPENDED FROM REGISTRATION AS SUB-BROKER)
19-MAY-2009
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 4 of 6
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