| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 101 |
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE/MSEI/NSE)
|
|
|
INDULGED IN BACKDATED AND FICTITIOUS TRANSACTIONS ON BEHALF OF CLIENTS
ISSUED FICTITIOUS CONTRACT NOTES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
05-SEP-2022
|
|
| 102 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE)
|
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT MAINTAIN CLIENT DATABASE
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT ISSUE CONTRACT NOTES IN SPECIFIED FORMAT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
FAILED TO PAY DIVIDENDS TO SHAREHOLDERS
|
IMPOSED PENALTY RS.3,00,000
24-DEC-2010
|
|
| 103 |
|
|
JHUNJHUNWALA STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
BACKDATED CONTRACT NOTES IN MATTER OF TATA FINANCE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-MAR-2007 TO 04-MAR-2008
12-FEB-2007
|
|
| 104 |
|
|
JM MORGAN STANLEY RETAIL SERVICES PVT.LTD.
(Member : BSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF DUPLICATE COPY OF BILLS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-JUN-2004
|
|
| 105 |
|
|
JYOTI JAIN INVESTMENT & FINANCE CO.PVT.LTD.
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
23-JAN-2008
|
|
| 106 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF SECURITIES REGISTER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-JAN-2002
|
|
| 107 |
|
|
K.PRASAD & CO.
(Member : CSE)
|
|
|
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED INDULGENCE IN REGISTRATION OF CLIENTS WITHOUT ANY VERIFICATION OF THE ANTECEDENTS OR WITHOUT A INTRODUCER
ALLEGED INDULGENCE IN MAINTAINING UNACKNOWLEDGED (BY CLIENTS) DUPLICATE COPIES OF CONTRACT NOTES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
16-AUG-2010
|
|
| 108 |
|
|
KABU INVESTMENT SERVICES
(Member : PSE)
|
|
|
|
FEROZ S.GANGJI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF HOME TRADE LTD.
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-DEC-2005 TO 20-JAN-2006
30-NOV-2005
|
|
| 109 |
|
|
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
|
|
| 110 |
|
|
KAMLESH JAIN & CO.
(Member : LSE)
|
|
|
|
KAMLESH JAIN
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
|
IMPOSED PENALTY RS.40,000
02-NOV-2004
|
|
| 111 |
|
|
KAPILA SECURITIES PVT.LTD.
(Member : NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
|
IMPOSED PENALTY RS.3,00,000
07-AUG-2009
|
|
| 112 |
|
|
KAYNET CAPITAL LTD.
(PAN:AABCK3032E)
(Member : BSE)
|
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-JUL-2003 TO 02-NOV-2003
12-JUN-2003
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION FROM 4 MONTHS TO 1 DAY
|
| 113 |
|
|
KAYNET FINANCE LTD.
(PAN:AAACK3482B)
(Member : NSE)
|
|
|
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DISCREPANCIES IN BILLS
DISCREPANCIES IN REGISTER OF TRANSACTIONS OF CONTRACT NOTES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
SAT: APPEAL DISMISSED AS WITHDRAWN
|
| 114 |
|
|
KESHAV FINCON LTD.
(Member : UPSE)
|
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT APPOINT COMPLIANCE OFFICER
DID NOT TRANSFER CLIENTS MONEY TO CLIENT'S ACCOUNT ON DAILY BASIS
DID NOT MAINTAIN ADEQUATE BALANCE IN CLIENTS ACCOUNT
ENTERED IN AGREEMENTS WITH CLIENTS ON PLAIN PAPERS INSTEAD OF STAMP PAPERS
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 18-OCT-2006 TO 17-NOV-2006
28-SEP-2006
|
|
| 115 |
|
|
KISHORE BASKARAN & CO.
(Member : CMBSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 26-FEB-1998
04-MAR-1998
|
|
| 116 |
|
|
KISHORKUMAR L.KADVANI,M/S
(Member : SKSE)
|
|
|
|
KISHORKUMAR L.KADVANI
|
|
DID NOT ISSUE CONTRACT NOTES
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
INDULGED IN GALA TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-FEB-1999 TO 11-AUG-1999
05-FEB-1999
|
|
| 117 |
|
|
KORP SECURITIES LTD.
(PAN:AACCK1771D)
(Member : NSE)
|
|
|
INDULGED IN INDIRECT FUNDING TO CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DIFFERENCES BETWEEN CLIENT LEDGER AND TRADE REPORT AS TRANSACTIONS CARRIED ON IN NAME OF A DIFFERENT CLIENT AND RECORDED IN BACK-OFFICE IN NAME OF ANOTHER CLIENTS
SAUDAS BEING PUNCHED IN THE BACK-OFFICE WITHOUT ACTUAL TRANSACTIONS BEING CARRIED OUT AT THE TERMINAL
DID NOT OBTAIN PRIOR PERMISSION FROM SEBI PERTAINING TO CHANGE IN SHAREHOLDING OF THE COMPANY
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-JAN-2006 TO 16-JUL-2006
27-DEC-2005
|
|
| 118 |
|
|
KRIPA SECURITIES PVT.LTD.
(PAN:AACCK2399D)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DELAY IN SETTLING OF RUNNING ACCOUNTS OF CLIENTS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT ISSUE CONTRACT NOTES
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
|
IMPOSED PENALTY RS.7,00,000
28-FEB-2023
|
SEBI VIDE ITS NOTICE DATED 19/07/2023 DIRECTED TO PAY RS.10,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 18/05/2023 ALLOWED RESPONDENT FURTHER TWO WEEKS TO FILE REPLY AND REJOINDER TO BE FILED ON 21/06/2023. INTERIM RELIEF TO CONTINUE TILL FURTHER ORDERS
SAT: SAT VIDE ITS ORDER DATED 10/08/2023 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER. DIRECTED APPELLANT TO DEPOSIT RS.10 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. IF AMOUNT IS DEPOSITED, BALANCE AMOUNT NOT TO BE RECOVERED DURING PENDENCY OF THE APPEAL
SEBI VIDE ITS ORDER DATED 23/08/2023 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
SAT: SAT VIDE ITS ORDER DATED 29/08/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED ON OR BEFORE NEXT DATE. DIRECTED APPELLANT TO DEPOSIT RS.10 LAC AND STAYED EFFECT AND OPERATION OF IMPUGNED ORDER
SAT: SAT VIDE ITS ORDER DATED 06/09/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER. IN THE MEANWHILE, APPELLANT TO DEPOSIT PENALTY AMOUNT WHICH TO BE SUBJECT RESULT OF APPEAL
SEBI VIDE ITS NOTICE DATED 29/09/2023 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA TO REMIT RS.10,61,000.00 TO THE EXTENT LYING IN THE ACCOUNT OF NOTICEE TO SEBI BY WAY OF EFT/NEFT/RTG
SEBI VIDE ITS NOTICE DATED 06/10/2023 ALLOWED THE APPEAL AND 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 23/08/2023
SAT: SAT VIDE ITS ORDER DATED 06/10/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 30/09/2024 GRANTED RESPONDENT FOUR WEEKS AND REJOINDER,IF ANY, TO BE FILED WITHIN TWO WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 05/01/2024 ALLOWED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 14/03/2024 ALLOWED EXTENSION OF FOUR MONTHS W.E.F.11/03/2024 FOR COMING OUT WITH A SCHEME UNDER SEBI (SETTLEMENT PROCEEDINGS) REGULATIONS, 2018 AS DIRECTED BY THIS TRIBUNAL VIDE ORDER DATED 12/12/2023
SAT: SAT VIDE ITS ORDER DATED 25/11/2024 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 28/11/2025 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.1 LAC FROM RS.3 LAC U/S 23D OF SCRA AND SET ASIDE PENALTY U/S 15A(B). NO COSTS
|
| 119 |
|
|
KRISHA INCAP SERVICES PVT.LTD.
(PAN:AAACK2230P)
(Member : NSE)
|
|
|
|
RUPESH KUMAR
PAN:AMYPK4943N
|
|
|
SANJAY KUMAR MISHRA
PAN:APNPM0684G
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
OPENED MULTIPLE UNIQUE CLIENT CODE (UCC) AGAINST SINGLE PAN
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
MISSTATED CLIENT LEDGER
DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS
DID NOT DISPLAY CORRECT INFORMATION ON WEBSITE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT FULFIL NET WORTH CRITERIA
|
IMPOSED PENALTY RS.12,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2024
|
SAT: SAT VIDE ITS ORDER DATED 20/08/2024 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER. REMAIN STAYED THE IMPUGNED ORDER SUBJECT TO DEPOSIT RS.5 LAC WITHIN SIX WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 17/10/2024 REJOINDER, IF ANY, TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 14/01/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/04/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/06/2025 GRANTED APPELLANT TWO WEEKS TO FILE REJOINDER
|
| 120 |
|
|
KRISHA INCAP SERVICES PVT.LTD.
(PAN:AAACK2230P)
(Member : NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT MAINTAIN REGISTER OF SECURITIES, HOLDING STATEMENTS, BANK BOOKS AND CLIENT LEDGERS
DID NOT DISPLAY CORRECT DETAILS OF ADDRESS AND COMPLIANCE OFFICER ON ITS WEBSITE
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT HAVE NISM SERIES VII-SECURITIES OPERATIONS AND RISK MANAGEMENT CERTIFICATION
DID NOT FULFIL NET WORTH CRITERIA
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 02-DEC-2024 TO 01-FEB-2025
02-DEC-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 6 of 13
|
