| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
MSS SECURITIES PVT.LTD.
(PAN:AABCM4849D)
(Member : BSE)
|
|
|
DID NOT EXECUTE TRANSACTION DATED 11/09/2000 ON SCREENS OF EXCHANGES IN PRICE AND ORDER MATCHING MECHANISM VIOLATING SEBI CIRCULAR SMDRP/POLICY/CIR-32/99 DATED 14/09/1999
DELAY IN MAKING PAYMENT TO CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
DIRECTED TO ADOPT DUE DILIGENT MEASURES SUCH AS CHECKS AND BALANCES IN TERMS OF ADEQUATE SYSTEMS AND PROCEDURES IN ITS OPERATIONS TO AVOID ANY REGULATORY LAPSE
21-MAY-2021
|
|
| 142 |
|
|
MUKESH BROKERAGE & FINANCIAL (INDIA) LTD.
(Member : NSE/OTC)
|
|
|
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 12 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
DID NOT FRAME SPECIFIC CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING AS REQUIRED UNDER REGULATION 26(XX) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,50,000
24-SEP-2009
|
|
| 143 |
|
|
MUKESH SAWHNEY & CO.
(Member : DSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT REDRESS INVESTOR COMPLAINTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 144 |
|
|
MUNJAL LEASING LTD.
(Member : NSE)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SUBMITTED WRONG INFORMATION TO SEBI
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 145 |
|
|
MUNJAL ONLINE STOCK ACCESS
(Member : OTC)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT REDRESS INVESTOR COMPLAINTS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 146 |
|
|
N.K.TIWARY,M/S
(Member : CSE)
|
|
|
|
N.K.TIWARY
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
CONTRACT NOTES NOT SIGNED BY AUTHORISED REPRESENTATIVES
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 11-JUL-2006
22-MAY-2006
|
|
| 147 |
|
|
N.P.C.SHARE BROKERS PVT.LTD.
(Member : UPSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-MAY-2003 TO 15-SEP-2003
25-APR-2003
|
|
| 148 |
|
|
NAM SECURITIES LTD.
(Member : DSE)
|
|
|
|
ASHWANI GOYAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-DEC-2003 TO 09-JAN-2004
05-DEC-2003
|
|
| 149 |
|
|
NAM SECURITIES LTD.
(Member : NSE)
|
|
|
|
ASHWANI GOYAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID INTER-CLIENT ADJUSTMENT OF BALANCES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-OCT-2003
|
|
| 150 |
|
|
NAVIA MARKETS LTD.
(PAN:AAACM4739R)
(Member : NSE)
|
|
|
|
S.TIRUPATHY
|
|
|
V.MURALI GOVIND
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT TRANSFER DIVIDEND TO CLIENTS ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.25,000
31-DEC-2004
|
|
| 151 |
|
|
NIKHIL KUMAR DHIRAJLAL SHAH
(Member : ASE)
|
|
|
DID NOT OBTAIN PRIOR PERMISSION FROM SEBI PERTAINING TO CHANGE IN STATUS AND CONSTITUTION OF FIRM/COMPANY
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUL-2001 TO 29-SEP-2001
24-JUL-2001
|
|
| 152 |
|
|
NIRPAN SECURITIES PVT.LTD.
(PAN:AAACN1329A)
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT UPFRONT MARGINS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
27-DEC-2005
|
|
| 153 |
|
|
NIRUPAMBEN PATEL,M/S
(Member : MPSE)
|
|
|
|
NIRUPAMA B.PATEL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
SUBMITTED WRONG INFORMATION TO SEBI
LEASED MEMBERSHIP CARD OF THE EXCHANGE
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-1999 TO 06-JUL-1999
05-JAN-1999
|
|
| 154 |
|
|
NLM CAPITAL SERVICES LTD.
(Member : LSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFICIENCIES IN CLIENT DATABASE
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-JUL-2003 TO 20-OCT-2003
09-JUL-2003
|
|
| 155 |
|
|
NNM SECURITIES PVT.LTD.
(PAN:AAACN8070G)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
USED CLIENT FUNDS FOR PROPRIETARY MTM PAY-IN OBLIGATION IN F&O SEGMENT
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DID NOT MAINTAIN STOCK MISMATCH ALERT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT FETCH KYC DETAILS FROM KRA
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT CLOSE EXCHANGE LEVEL ALERTS
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS AT THE OFFICE NOT FOUND
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS OUTSIDE FLAT AT THE ADDRESS REGISTERED WITH EXCHANGE NOT FOUND
PROVIDED EXPOSURE TO CLIENTS EVEN BEFORE CHEQUES GOT CLEARED
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE NAME OF COMPLIANCE OFFICER IN STOCK EXCHANGE RECORD
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
FORGED AND BACK-DATED HOLDING STATEMENTS, FORGED AND MANUFACTURED ARTIFICIAL LEDGER STATEMENTS, HOLDING STATEMENTS PURPORTEDLY SIGNED IN 2021 BEFORE IT WAS EVEN PRINTED IN OCTOBER 2022
DID NOT ISSUE CONTRACT NOTES
MISMATCHIN LIST OF TERMINALS IN EXCHANGE RECORDS AND/OR MISMATCH IN LOGIN IDS
|
IMPOSED PENALTY RS.20,00,000
22-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 29/04/2024 DIRECTED TO PAY RS.20,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 17/05/2024 CONDONED THE DELAY IN FILING OF REPLY AND GRANTED FOUR WEEKS APPELLANT TO FILE REJOINDER. IN THE MEANWHILE, STAYED THE PENALTY SUBJECT TO DEPOSIT RS.10 LAC OR MORE WITH SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 156 |
|
|
P.K.KHANNA & CO.
(Member : LSE)
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN CLIENT DATABASE
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT CHARGE BROKERAGE
CHARGED DIFFERENT RATES OF BROKERAGE FROM DIFFERENT CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-NOV-2006 TO 12-FEB-2007
23-OCT-2006
|
|
| 157 |
|
|
P.N.BODA,M/S
(Member : SKSE)
|
|
|
|
P.N.BODA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-AUG-1999 TO 12-NOV-1999
06-AUG-1999
|
|
| 158 |
|
|
P.S.SECURITIES LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 10-JAN-1999
10-JUN-1999
|
|
| 159 |
|
|
PARKLIGHT SECURITIES LTD.
(PAN:AABCP6609A)
(Member : ASE)
|
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT AGREEMENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-DEC-2003 TO 15-JUN-2004
24-NOV-2003
|
SAT: IMPUGNED ORDER MODIFIED TO THE EXTENT THAT BALANCE PERIOD OF SUSPENSION WAIVED
|
| 160 |
|
|
PKC STOCK BROKING PVT.LTD.
(PAN:AABCP5618H)
(Member : NSE)
|
|
|
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INDULGENCE IN OFF-MARKET TRANSACTIONS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
15-SEP-2008
|
|
| 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 8 of 13
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