| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 81 |
|
INDIA ADVANTAGE SECURITIES PVT.LTD.
(PAN:AADCP5317M)
(Member : NSE/BSE)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
|
IMPOSED PENALTY RS.5,00,000
30-DEC-2019
|
|
| 82 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Member : BSE/NSE)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT ISSUE CONTRACT NOTES
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
|
IMPOSED PENALTY RS.4,00,000
28-DEC-2012
|
|
| 83 |
|
|
INDIABULLS SECURITIES LTD.
(PAN:AAACO0870B)
(Member : NSE)
|
|
|
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT TAKE PRIOR APPROVAL FROM NSE FOR ISSUING ADVERTISEMENTS RELATED TO BUSINESS ACTIVITIES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-FEB-2006
|
|
| 84 |
|
|
INTEC SHARE & STOCK BROKERS LTD.
(PAN:AAACI2151H)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEALT IN CASH WITH CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-SEP-2003 TO 15-JAN-2004
25-AUG-2003
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION OF FOUR MONTHS TO SIMPLE WARNING
|
| 85 |
|
|
INTEGRATED MASTER SECURITIES PVT.LTD.
(PAN:AAACI2074F)
(Member : BSE)
|
|
|
|
S.C.KHANEJA
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
21-DEC-2009
|
|
| 86 |
|
|
INTERLINK FINANCIAL SERVICES LTD.
(Member : MPSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
EXECUTED FICTITIOUS TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-NOV-1999
|
|
| 87 |
|
|
ISE SECURITIES & SERVICES LTD.
(PAN:AAACI6011L)
(Member : NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-FEB-2006
|
|
| 88 |
|
|
J.V.S.SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
EXECUTED NEGOTIATED DEALS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-JAN-2003 TO 19-JUL-2003
10-JAN-2003
|
|
| 89 |
|
|
JAGANNATH VINOD KUMAR,M/S
(Member : PSE)
|
|
|
|
VINOD J.GUPTA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF HOME TRADE LTD.
FACILITATED TRANSACTIONS ILLEGALLY WITHOUT FOLLOWING "KNOW YOUR CLIENT CRITERIA"
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-DEC-2005 TO 04-JAN-2006
30-NOV-2005
|
|
| 90 |
|
|
JAGANNATH VINOD KUMAR,M/S
(Member : PSE)
|
|
|
|
VINOD J.GUPTA
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
EXECUTED CROSS DEALS AMONG CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-SEP-2002 TO 01-MAR-2003
27-AUG-2002
|
|
| 91 |
|
|
JCP SHARES & SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
17-FEB-2009
|
|
| 92 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE)
|
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-JAN-2006
|
|
| 93 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DELAY IN SUBMISSION OF DATA DESPITE SEVERAL REMINDERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE ADEQUATE SYSTEMS IN PLACE FOR RISK MANAGEMENT, PREVENTION OF THIRD PARTY RECEIPTS AND TO CHECK MULTIPLE TRADE TRANSFERS
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
ALLOWED CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
DID NOT TAKE ANY CORRECTIVE STEPS REGARDING OBSERVATIONS OF THE INTERNAL AUDIT REPORT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS FROM 12-AUG-2021 TO 11-NOV-2021
12-AUG-2021
|
|
| 94 |
|
|
JOINDRE CAPITAL SERVICES LTD.
(PAN:AAACJ1480E)
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 95 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE/BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH
ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON
ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2012
|
|
| 96 |
|
|
K.SURESH PRABHU,M/S
(Member : BGSE)
|
|
|
|
K.SURESH PRABHU
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-OCT-2006 TO 03-NOV-2006
29-SEP-2006
|
|
| 97 |
|
|
KAILASH NARAYAN BHANGDIA,M/S
(Member : NSE)
|
|
|
|
KAILASH NARAYAN BHANGDIA
|
|
DIFFERENCES IN SIGNATURES OF AUTHORISED REPRESENTATIVE ON CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
TRANSFERRED SECURITIES FROM POOL ACCOUNT TO ITS BENEFICIARY ACCOUNT WITHOUT OBTAINING WRITTEN CONSENT OF CLIENTS
TRANSFERRED FUNDS FROM BROKER'S ACCOUNT TO CLIENTS' ACCOUNT AND VICE VERSA FOR ARRANGEMENT OF FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-FEB-2006 TO 24-MAR-2006
02-FEB-2006
|
|
| 98 |
|
|
KAKANI SECURITIES LTD.
(Member : HSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-JAN-2009
|
|
| 99 |
|
|
KANAK SHAH SHARE & STOCK BROKERS
(Member : ASE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.10,000 VIDE CONSENT ORDER)
27-APR-2009
|
|
| 100 |
|
|
KANDOI SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED NEGOTIATED DEALS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-SEP-2003 TO 15-SEP-2004
26-AUG-2003
|
|
| 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 5 of 13
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