| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 141 |
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Member : BSE/NSE)
|
|
|
|
NARAYAN S.A.
|
|
DID NOT MAINTAIN CLIENT DATABASE
FAILED TO OBTAIN WITNESS SIGNATURES
DID NOT SUBMIT COPY OF RECEIPT OF BANK STATEMENTS
DID NOT SUBMIT COPY OF BANK PASSBOOK FROM ANY OF THE CLIENTS ALONG WITH CLIENT REGISTRATION FORM
DID NOT COLLECT UPFRONT MARGINS
DID NOT EXERCISE DUE CARE AND DILIGENCE
OBTAINED PROOF OF IDENTITY OF ONLY DESIGNATED DIRECTORS/PARTNERS OF CORPORATE/PARTNERSHIP CLIENTS AND NOT OF PROMOTERS/KEY MANAGEMENT PERSONNEL
|
IMPOSED PENALTY RS.10,00,000
18-DEC-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.4,00,000 VIDE CONSENT ORDER)
30-JUN-2009
|
SAT: ORDER DATED 18/12/2006 DISPOSSED OFF AS APPLICANT AGREED TO PAY RS.10,00,000 TOWARDS SETTLEMENT CHARGES AND RS.4,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 142 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Member : OTC)
|
|
|
|
NARAYAN S.A.
|
|
DID NOT MAINTAIN CLIENT DATABASE
FAILED TO OBTAIN WITNESS SIGNATURES
DID NOT SUBMIT COPY OF RECEIPT OF BANK STATEMENTS
DID NOT SUBMIT COPY OF BANK PASSBOOK FROM ANY OF THE CLIENTS ALONG WITH CLIENT REGISTRATION FORM
DID NOT COLLECT UPFRONT MARGINS
DID NOT EXERCISE DUE CARE AND DILIGENCE
OBTAINED PROOF OF IDENTITY OF ONLY DESIGNATED DIRECTORS/PARTNERS OF CORPORATE/PARTNERSHIP CLIENTS AND NOT OF PROMOTERS/KEY MANAGEMENT PERSONNEL
|
IMPOSED PENALTY RS.10,00,000
18-DEC-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.4,00,000 VIDE CONSENT ORDER)
30-JUN-2009
|
SAT: ORDER DATED 18/12/2006 DISPOSSED OFF AS APPLICANT AGREED TO PAY RS.14,00,000 TOWARDS SETTLEMENT CHARGES AND RS.4,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 143 |
|
|
KUMAR SHARE BROKERS LTD.
(Member : NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN FUTURE AND OPTIONS IN F&O SEGMENT OF NATIONAL STOCK EXCHANGE
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN F&O SEGMENT OF NATIONAL STOCK EXCHANGE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000 VIDE CONSENT ORDER)
23-OCT-2008
|
|
| 144 |
|
|
LALKAR SECURITIES PVT.LTD.
(CIN:U65990MH1997PTC105421
PAN:AAACL1966B)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-FEB-2007
|
|
| 145 |
|
|
LALKAR SECURITIES PVT.LTD.
(CIN:U65990MH1997PTC105421
PAN:AAACL1966B)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, DILIGENCE AND CARE IN MATTER OF JYOTI RESINS & ADHESIVES LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
20-JUN-2002
|
|
| 146 |
|
|
LALLUBHAI RANCHHODDAS SHARE BROKERS PVT.LTD.
(Member : BSE)
|
|
|
|
SANJIV R.CHOKSY
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE AS STOCK BROKER WHILE DEALING WITH CLIENTS IN SCRIP OF RAVALGAON SUGAR FARMS LTD. & SHRENUJ & CO.LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
29-FEB-2008
|
|
| 147 |
|
|
LATIN MANHARLAL SECURITIES PVT.LTD.
(PAN:AAACL2767L)
(Member : BSE)
|
|
|
|
LATIN M.SHAH
|
|
|
SANJAY MEHTA
|
|
AIDED AND ABETTED KP ENTITIES TO CREATE FALSE AND MISLEADING APPEARANCE OF TRADING IN SCRIP OF HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-MAR-2008 TO 14-MAR-2008
20-FEB-2008
|
SAT: APPEAL ALLOWED AND IMPUGNED ORDER DATED 20/02/2008 SET ASIDE WITH NO ORDER AS TO COSTS
|
| 148 |
|
|
LAXMI & SONS
(Member : UPSE)
|
|
|
|
SUNIL KUMAR AGARWAL
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-MAY-1997 TO 31-JUL-1997
04-APR-1997
|
|
| 149 |
|
|
LEXUS SHARE & STOCK BROKERS PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF PATRIOT TRADING CO.LTD.
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-APR-2007 TO 15-OCT-2007
26-MAR-2007
|
|
| 150 |
|
|
LIBRAN SHARES PVT.LTD.
(Member : CMBSE)
|
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 18-MAR-1998 TO 17-SEP-1998
28-FEB-1998
|
|
| 151 |
|
|
LIQUID INVESTMENTS & FINANCIAL SERVICES PVT.LTD.
(Member : NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT FROM CLIENTS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT APPOINT COMPLIANCE OFFICER
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 152 |
|
|
M.BHIWANIWALA & CO.
(Member : CSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
INDULGED IN PRICE MANIPULATION AND CREATION OF ARTIFICIAL MARKET BY SELF TRADES, REVERSE OF TRADE TRANSACTIONS, SYNCHRONIZED TRADES AND CROSS DEALS IN SCRIP OF ROHAN FINANCE & SECURITIES LTD.
|
IMPOSED PENALTY RS.2,00,000
20-NOV-2008
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/09/2010, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 27/07/2015 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 21/12/2015 DIRECTED ALL THE BANKS IN INDIA, ALL THE MUTUAL FUNDS IN INDIA, THE CALCUTTA STOCK EXCHANGE AND NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS, DEMAT ACCOUNTS, MUTUAL FUND ACCOUNTS, DEPOSITS/COLLATERAL WITH STOCK EXCHANGE ETC. OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 27/07/2015
|
| 153 |
|
|
M.S.SECURITIES
(Member : BGSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DELIVERED SHARES TO AN INDIVIDUAL WITHOUT BEING AUTHORISED BY CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-OCT-2006 TO 04-NOV-2006
14-SEP-2006
|
|
| 154 |
|
|
M.TIBREWAL & CO.
(Member : CSE)
|
|
|
|
MANOJ KUMAR TIBREWAL
|
|
DID NOT EXERCISE DUE DILIGENCE
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF DSQ INDUSTRIES LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 08-NOV-2004 TO 07-NOV-2006
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 08-NOV-2004 TO 07-NOV-2006
08-NOV-2004
|
|
| 155 |
|
|
MAHESH J.DOSHI,M/S
(Member : BSE)
|
|
|
|
MAHESH J.DOSHI
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SPECULATIVE TRANSACTIONS DONE BY CLIENTS WITHOUT ANY INTENTION OF TAKING OR GIVING DELIVERY OF SHARES OF EONOUR SOFTWARE LTD.
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF EONOUR SOFTWARE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
27-DEC-2005
|
|
| 156 |
|
|
MAHESH J.DOSHI,M/S
(Member : BSE)
|
|
|
|
MAHESH J.DOSHI
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF MOREPEN HOTELS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-OCT-2004
|
|
| 157 |
|
|
MAHESHKUMAR DAMANI,M/S
(Member : NSE/BSE)
|
|
|
|
MAHESHKUMAR DAMANI
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE AS A STOCK BROKER
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
13-MAR-2009
|
|
| 158 |
|
|
MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.
(Member : NSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
05-JUL-2002
|
|
| 159 |
|
|
MAITRI MARKFIN PVT.LTD.
(Member : DSE)
|
|
|
|
ASHOK KUMAR DUGAR
|
|
INDULGED IN CREATION OF MISLEADING APPEARANCE OF TRADING AND PRICE MANIPULATION IN SCRIP OF WELCOME COIR INDUSTRIES LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING ON BEHALF OF CLIENTS IN SCRIP OF WELCOME COIR INDUSTRIES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-JAN-2009 TO 26-FEB-2009
06-JAN-2009
|
|
| 160 |
|
|
MALINI SANGHVI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE IN MATTER OF PRIVATE PLACEMENT OF BARODA AGRO INDUSTRIES LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
05-NOV-2002
|
|
| 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 16
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