If you are an Existing User, please enter your Username & Password below

Forgot Password?


Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors
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: IMPOSED PENALTY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
881
History of entity/person VEDICA SECURITIES PVT.LTD.

(Member : NSE)  
  DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT TRANSFER DIVIDEND TO CLIENTS ACCOUNT  
IMPOSED PENALTY RS.2,00,000

31-JAN-2011
 
882
History of entity/person VEDIKA SECURITIES PVT.LTD.

(PAN:AAACV8839R)

(Member : NSE/BSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS   IMPOSED PENALTY RS.1,00,000

16-JUL-2018
 
883
History of entity/person VENTURA SECURITIES LTD.

(PAN:AAACV1361J)

(Member : BSE/NSE)  
  DID NOT MAINTAIN STOCK MISMATCH ALERT

DID NOT REPORT SHORTFALL IN COLLECTION OF EOD MARGIN TO STOCK EXCHANGES

PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES

DISCREPANCIES IN MARGIN TRADING FUNDING

DID NOT ADHERE TO CYBER SECURITY REQUIREMENTS  
IMPOSED PENALTY RS.5,00,000

28-JUN-2024
 
884
History of entity/person VENTURA SECURITIES LTD.

(PAN:AAACV1361J)

(Member : BSE/NSE)  
  DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9(F) 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.3,00,000

29-NOV-2018
SAT: SAT VIDE ITS ORDER DATED 20/01/2021 ALLOWED THE APPEALS AND SET ASIDED IMPUGNED COMMUNICATION AND REMITTED THE MATTER TO SEBI TO RECONSIDER THE COMPLAINTS OF THE APPELLANTS AND DECIDE THE SAME IN ACCORDANCE WITH LAW. NO COSTS  
885
History of entity/person VENUGOPAL MALANI,M/S

(Member : HSE)  
Click here to view complete history of this specific entity/person VENUGOPAL MALANI
 
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

DELAYED SUBMISSION OF AUDIT REPORT TO THE EXCHANGE  
IMPOSED PENALTY RS.2,00,000

30-DEC-2004
 
886
History of entity/person VICTORY PORTFOLIO LTD.

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

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK  
IMPOSED PENALTY RS.1,00,000

08-SEP-2004
SAT: IMPUGNED ORDER MODIFITED BY REDUCING PENALTY AMOUNT TO RS.20,000 FROM RS.1,00,000  
887
History of entity/person VIDYUT BHARATKUMAR SHAH,M/S

(Member : ASE)  
Click here to view complete history of this specific entity/person VIDYUT B.SHAH
 
DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DEALT WITH UN-REGISTERED SUB-BROKERS

DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER  
IMPOSED PENALTY RS.1,00,000

29-DEC-2004
 
888
History of entity/person VIJAY BHAGWANDAS & CO.

(Member : BSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF K SERA SERA PRODUCTIONS LTD.  
IMPOSED PENALTY RS.2,00,000

17-MAY-2012
SEBI VIDE ITS NOTICE DATED 23/06/2014 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  
889
History of entity/person VIJAY BHAGWANDAS & CO.

(Member : BSE)  
Click here to view complete history of this specific entity/person VISHAL VIJAY SHAH

PAN:BBJPS3622P
 
DID NOT PROVIDE NECESSARY INFORMATION TO SEBI IN RESPONSE TO SUMMONS IN MATTER OF KARUNA CABLES LTD.   IMPOSED PENALTY RS.15,00,000 ALONG WITH OTHER ENTITIES/PERSONS

26-JUN-2009
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS

INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI  
890
History of entity/person VIJAY BHAGWANDAS & CO.

(Member : BSE)  
Click here to view complete history of this specific entity/person VISHAL VIJAY SHAH

PAN:BBJPS3622P
 
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF TODAY’S WRITING PRODUCTS 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 TODAYS WRITING PRODUCTS LTD.  
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS

31-AUG-2009
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS  
891
History of entity/person VIJAY BHAGWANDAS & CO.

(Member : BSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF K SERA SERA PRODUCTIONS LTD.  
IMPOSED PENALTY RS.5,00,000

26-NOV-2009
 
892
History of entity/person VIJAY BHAGWANDAS & CO.

(Member : BSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF K SERA SERA PRODUCTION LTD.

DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH 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 K SERA SERA PRODUCTIONS LTD.  
IMPOSED PENALTY RS.3,00,000

31-DEC-2009
SAT: IMPUGNED ORDER DATED 04/06/2009 SET ASIDE AND CASE REMANDED TO AO WITH DIRECTION TO FURNISH RELEVANT ORDER LOGS AND TRADE LOGS VIDE ORDER DATED 23/03/2010

INCLUDED IN SEBI LIST DATED 30/06/2012, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI  
893
History of entity/person VIJAY GROWTH FINANCIAL SERVICES LTD.

(CIN:L17121TG1987PLC007120
PAN:AAACV6838J)

(Member : HSE)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF MOSCHIP SEMICONDUCTORS LTD.

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 MOSCHIP SEMICONDUCTORS LTD.  
IMPOSED PENALTY RS.2,00,000

26-FEB-2019
SEBI VIDE ITS NOTICE DATED 03/09/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS 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  
894
History of entity/person VIJAY J.THAKKAR,M/S

(PAN:AAXPT4930F)

(Member : VSE,Sub-Broker of VSE STOCK SERVICES LTD., Member : VSE)  
Click here to view complete history of this specific entity/person VIJAY J.THAKKAR
 
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRANSACTIONS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF GRAVITY INDIA LTD.

FAILED IN MAINTAINING INTEGRITY, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLIED WITH 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 GRAVITY INDIA LTD.  
IMPOSED PENALTY RS.4,00,000

31-AUG-2009
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS  
895
History of entity/person VIJETA BROKING INDIA PVT.LTD.

(PAN:AACCV6700F)

(Member : NSE/BSE)  
  MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS

ENGAGED IN BUSINESS OTHER THAN SECURITIES

MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES

DID NOT UPLOAD DETAILS OF CLIENT TO STOCK EXCHANGE UNDER FUNDS AND SECURITIES MODULE OF ENHANCED SUPERVISION

DID NOT PROVIDE VOICE RECORDING FOR TRADES

DID NOT CAPTURE DETAILS LIKE CLIENT CODE AND NAME ETC.  
IMPOSED PENALTY RS.3,00,000

30-JUN-2022
 
896
History of entity/person VINOD SHARES LTD.

(PAN:AACCV2842G)

(Member : MCX)  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SELF TRADES IN SCRIP OF MAHARASHTRA POLYBUTENES 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 MAHARASHTRA POLYBUTENES LTD.  
IMPOSED PENALTY RS.32,00,000

14-SEP-2015
SAT: SAT VIDE ITS ORDER DATED 10/02/2017 QUASHED AND SET ASIDED IMPUGNED ORDER AND REMANDED TO SEBI TO PASS FRESH ORDER ON MERITS AND IN ACCORDANCE WITH LAW. NO COSTS  
897
History of entity/person VISHAL VIJAY SHAH,M/S

(PAN:BBJPS3622P)

(Member : BSE)  
Click here to view complete history of this specific entity/person VISHAL VIJAY SHAH

PAN:BBJPS3622P
 
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

TRANSFERRED SHARES TO NON-CLIENTS

MADE PAYMENTS TO THIRD PARTIES ON BEHALF OF CLIENTS AND WITHDREW CASH FROM CLIENT ACCOUNTS  
IMPOSED PENALTY RS.15,00,000

23-FEB-2018
 
898
History of entity/person VISHAL VIJAY SHAH,M/S

(PAN:BBJPS3622P)

(Member : BSE)  
Click here to view complete history of this specific entity/person VISHAL VIJAY SHAH

PAN:BBJPS3622P
 
DID NOT ADHERE TO SUMMONS ISSUED BY INVESTIGATION AUTHORITY IN MATTER OF MAHARASHTRA POLYBUTENES LTD.   IMPOSED PENALTY RS.15,00,000

14-SEP-2015
SEBI VIDE ITS NOTICE DATED 25/04/2017 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

SEBI VIDE ITS ORDER DATED 03/07/2017 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS,DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 25/04/2017  
899
History of entity/person VISHAL VIJAY SHAH,M/S

(PAN:BBJPS3622P)

(Member : BSE)  
Click here to view complete history of this specific entity/person VISHAL VIJAY SHAH

PAN:BBJPS3622P
 
DID NOT SUBMIT REQUIRED INFORMATION/DOCUMENTS/RECORDS/DETAILS SOUGHT VIDE SUMMONS IN FRONT RUNNING OF TRADES IN MATTER OF STERLING GROUP OF COMPANIES

AIDED AND ABETTED ENTITIES/PERSONS IN FRONT RUNNING OF TRADES IN MATTER OF STERLING GROUP OF COMPANIES

INDULGED IN CREATION OF FALSE AND FICTITIOUS RECORDS OF PURPORTED TRADES FOR FRAUDULENT PURPOSE VIOLATING CLAUSES A(1) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN FRONT RUNNING OF TRADES IN MATTER OF STERLING GROUP OF COMPANIES  
IMPOSED PENALTY RS.8,00,000

29-APR-2022
SEBI VIDE ITS NOTICE DATED 24/11/2022 DIRECTED TO PAY RS.8,65,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE

SEBI VIDE ITS NOTICE DATED 14/12/2022 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  
900
History of entity/person VISHESH CAPITAL PVT.LTD.

(Member : NSE)  
  DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATIONS 9(F) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992   IMPOSED PENALTY RS.2,00,000

26-NOV-2018
 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
First Previous Next Last  
Page 45 of 46  
top