| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 801 |
|
SPFL SECURITIES LTD.
(PAN:AABCS2452C)
(Member : BSE/MCX)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2019
|
|
| 802 |
|
|
SPFL SECURITIES LTD.
(PAN:AABCS2452C)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2019
|
|
| 803 |
|
|
SPS SHARE BROKERS PVT.LTD.
(PAN:AABCS9622C)
(Member : BSE/NSE)
|
|
|
|
MANISH DAVE
|
|
|
SANDEEP SHAH
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
|
IMPOSED PENALTY RS.1,00,000
25-OCT-2005
|
SAT: APPEAL FAILED AND DISMISSED
|
| 804 |
|
|
SPS SHARE BROKERS PVT.LTD.
(PAN:AABCS9622C)
(Member : BSE)
|
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING TO COMPANY AND STOCK EXCHANGES AS REQUIRED UNDER REGULATION 7 OF SEBI TAKEOVER CODE, 1997 IN MATTER OF ACQUISITION OF SHARES OF PRUDENTIAL PHARMACEUTICALS LTD.
|
IMPOSED PENALTY RS.2,50,000
19-DEC-2012
|
SAT: APPEAL ALLOWED. NO COSTS
|
| 805 |
|
|
SRI GOPAL JAJU,M/S
(Member : HSE,Sub-Broker of BNR CAPITAL SERVICES PVT.LTD., Member : BSE, HSE SECURITIES LTD., Member : NSE)
|
|
|
|
SRI GOPAL JAJU
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
17-SEP-2007
|
|
| 806 |
|
|
SS CORPORATE SECURITIES LTD.
(PAN:AABCS3726M)
(Member : BSE/NSE)
|
|
|
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
|
IMPOSED PENALTY RS.3,00,000
19-AUG-2024
|
|
| 807 |
|
|
SSJ FINANCE & SECURITIES PVT.LTD.
(PAN:AABCS4245H)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT REPORT FUND AND SECURITIES BALANCES
WRONG REPORTING OF STOCK HOLDING TO STOCK EXCHANGES
DID NOT SUBMIT NET WORTH CERTIFICATE TO STOCK EXCHANGES
DID NOT VERIFY PANS ON KRA SITE
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.5,00,000
23-MAR-2023
|
|
| 808 |
|
|
SSJ FINANCE & SECURITIES PVT.LTD.
(PAN:AABCS4245H)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHAKTI PUMPS (INDIA) LTD.
|
IMPOSED PENALTY RS.1,00,000
15-DEC-2017
|
|
| 809 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : BSE)
|
|
|
|
SATISH KUMAR ARYA
PAN:ADPPA5763Q
|
|
SUBMITTED FAKE/NON-GENUINE EDUCATIONAL CERTIFICATES OF MR.SATISH KUMAR ARYA B.COM DEGREE FROM ANDHRA UNIVERSITY TO STOCK EXCHANGE WITHOUT VERIFYING VIOLATING REGULATION 9(F) READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.25,000
28-MAR-2024
|
|
| 810 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : NSE)
|
|
|
|
SATISH KUMAR ARYA
PAN:ADPPA5763Q
|
|
SUBMITTED FAKE/NON-GENUINE EDUCATIONAL CERTIFICATES OF MR.SATISH KUMAR ARYA B.COM DEGREE FROM ANDHRA UNIVERSITY TO STOCK EXCHANGE WITHOUT VERIFYING VIOLATING REGULATION 9(F) READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.25,000
28-MAR-2024
|
|
| 811 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : NSE)
|
|
|
INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN FUTURE AND OPTIONS IN F&O SEGMENT OF NATIONAL STOCK EXCHANGE
|
IMPOSED PENALTY RS.1,00,000
22-MAY-2009
|
|
| 812 |
|
|
STEEL CITY SECURITIES LTD.
(PAN:AAECS0970L)
(Member : NSE/BSE/MCX)
|
|
|
DID NOT SETTLE OF FEW OF CLIENTS A/C OF BOTH FUNDS AND SECURITIES WHO HAVE CREDIT BALANCE IN THEIR ACCOUNT
DID NOT SETTLE SECURITIES COMPONENT OF CLIENTS ACCOUNT ON GROUNDS THAT FUNDS COMPONENT HAD NOT BEEN SETTLED FOR REASON OF CLIENTS A/C HAVING BALANCE LESS THAN RS.500 OR RS.10,000
RETAINED HUGE QUANTITIES OF SCRIP OF CLIENTS ON GROUNDS OF CLIENTS HAVING DUES TO BROKER AND WHERE VALUE OF SCRIP HELD ARE HIGH AND DISPROPORTIONATE TO AMOUNT DUE FROM CLIENTS
RETAINED SCRIP OF INACTIVE CLIENTS ON GROUNDS OF CLIENTS HAVING DUES TO BROKER AND WHERE VALUE OF SCRIP HELD ARE HIGHER THAN AMOUNT DUE FROM CLIENTS
|
IMPOSED PENALTY RS.2,00,000
16-JUL-2018
|
|
| 813 |
|
|
STOCKHOLDING SERVICES LTD.
(PAN:AAJCS5661H)
(Member : NSE/BSE)
|
|
|
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
UPLOADED CLIENTS EMAIL ID AND MOBILE NUMBER AS AUTHORISED PERSON EMAIL ID AND MOBILE NUMBER
UPLOADED INCORRECT BANK DETAILS OF CLIENTS TO STOCK EXCHANGES
DID NOT HAVE ADEQUATE SYSTEMS TO ENSURE THAT MARGIN REQUIREMENT/ HIGHEST TURNOVER IN PROPORTION TO THE INCOME PROOF DECLARED BY CLIENT
|
IMPOSED PENALTY RS.9,00,000
07-JAN-2025
|
|
| 814 |
|
|
STOCKHOLDING SERVICES LTD.
(PAN:AAJCS5661H)
(Member : NSE/BSE/MCX)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
RETAINED EXCESS MARGIN
DID NOT GENERATE AND/OR SEND RETENTION STATEMENT
DISCREPANCIES IN STOCK RECONCILIATION
DISCREPANCIES IN WEEKLY HOLDING SUBMITTED TO STOCK EXCHANGES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
CAPTURED INCORRECT DATE OF BIRTH OF CLIENTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT UPLOAD CORRECT AND COMPLETE DETAILS OF CLIENTS TO UCC DATABASE
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
COLLECTED INADEQUATE MARGIN UNDER MARGIN TRADING FACILITY FROM CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
PROVIDED INCOMPLETE AND INACCURATE INFORMATION / DOCUMENTS
|
IMPOSED PENALTY RS.10,00,000
20-DEC-2024
|
|
| 815 |
|
|
SUBH STOCK BROKING PVT.LTD.
(PAN:AAHCS7985C)
(Member : CSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE TRADING ON BEHALF OF CLIENTS IN SCRIP OF SARANG VINIYOG LTD.
|
IMPOSED PENALTY RS.50,000
30-SEP-2010
|
|
| 816 |
|
|
SUBH STOCK BROKING PVT.LTD.
(PAN:AAHCS7985C)
(Member : CSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE TRADING ON BEHALF OF CLIENTS IN SCRIP OF SARANG VINIYOG LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SARANG VINIYOG LTD.
|
IMPOSED PENALTY RS.3,00,000
08-APR-2009
|
SAT: IMPUGNED ORDER DATED 08/04/2009 SET ASIDE AND CASE REMANDED TO SEBI FOR FRESH ENQUIRY. NO ORDER AS TO COSTS
|
| 817 |
|
|
SUBHASH GANGWAL,M/S
(Member : JSE)
|
|
|
|
SUBHASH GANGWAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.40,000
03-NOV-2004
|
|
| 818 |
|
|
SUGAL & DAMANI SHARE BROKERS LTD.
(Member : NSE/MCX/BSE)
|
|
|
TRANSFERRED FUNDS BETWEEN OWN ACCOUNTS AND SETTLEMENT ACCOUNT
ENGAGED IN FINANCING ACTIVITIES (BUSINESS OF BORROWING/LENDING OTHER THAN BUSINESS OF SECURITIES MARKET) VIOLATING RULE 8(3) (F) OF SECURITIES CONTRACTS (REGULATIONS) RULES, 1957
|
IMPOSED PENALTY RS.4,00,000
09-MAY-2017
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 819 |
|
|
SUNFLOWER BROKING PVT.LTD.
(PAN:AAACN5165E)
(Member : BSE/NSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND NOT COMPLIED WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
DELAY IN COMPLYING WITH SEBI CIRCULAR NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009
|
IMPOSED PENALTY RS.10,00,000
28-MAY-2014
|
SAT: SAT VIDE ITS ORDER DATED 03/05/2016 DISMISSED THE APPEAL. NO COSTS
|
| 820 |
|
|
SUNFLOWER BROKING PVT.LTD.
(PAN:AAACN5165E)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT DESIGNATE CLIENT AND SETTLEMENT BANK ACCOUNTS REQUIRED AS PER ENHANCED SUPERVISION
|
IMPOSED PENALTY RS.10,00,000
28-JUL-2022
|
|
| 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 41 of 46
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