| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ADOLF PATRICK PINTO,M/S
(Member : BSE)
|
|
|
|
ADOLF PATRICK PINTO
|
|
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 T.SPIRITUAL WORLD LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 08-FEB-2012 TO 07-MAR-2012
18-JAN-2012
|
|
| 2 |
|
|
ALLWIN SECURITIES LTD.
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(2) AND D(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SUN INFOWAYS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 20-FEB-2013 TO 05-MAR-2013
30-JAN-2013
|
|
| 3 |
|
|
ANGEL BROKING PVT.LTD.
(PAN:AAACA8821G)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SUN INFOWAYS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 20-FEB-2013 TO 05-MAR-2013
30-JAN-2013
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SAT: SAT VIDE ITS ORDER DATED 22/10/2013 STAYED THE OPERATION OF THE ORDER DATED 30/01/2013 FOR 4 WEEKS FROM THE DATE OF THIS ORDER
|
| 4 |
|
|
BALLABH DASS DAGA,M/S
(Member : CSE)
|
|
|
|
BALLABH DASS DAGA
|
|
ALLOWED CROSS DEALS VIOLATING CLAUSE B (4) (A) OF CODE OF CONDUCT OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 UNDER REGULATION 7 OF STOCK BROKER REGULATIONS WHILE DEALING IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 05-JAN-2011 TO 04-FEB-2011
15-DEC-2010
|
|
| 5 |
|
|
BASANT KUMAR CHIRIMAR,M/S
(Member : CSE)
|
|
|
|
BASANT KUMAR CHIRIMAR
|
|
ALLOWED CROSS DEALS VIOLATING CLAUSE B (4) (A) OF CODE OF CONDUCT OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 UNDER REGULATION 7 OF STOCK BROKER REGULATIONS WHILE DEALING IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 05-JAN-2011 TO 25-JAN-2011
15-DEC-2010
|
|
| 6 |
|
|
BHARTI THAKKAR INDIA SECURITIES PVT.LTD.
(PAN:AAACB6484C)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SUN INFOWAYS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 20-FEB-2013 TO 05-MAR-2013
30-JAN-2013
|
|
| 7 |
|
|
DEEPAK JHUNJHUNWALA & CO.
(Member : CSE)
|
|
|
INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING CLAUSE B(4) (A) OF CODE OF CONDUCT FOR STOCK BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TWENTY FIRST CENTURY (INDIA) LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 22-DEC-2010 TO 21-JAN-2011
01-DEC-2010
|
|
| 8 |
|
|
DINESH KUMAR MODI & CO.
(Member : CSE)
|
|
|
|
DINESH KUMAR MODI
|
|
ALLOWED CROSS DEALS VIOLATING CLAUSE B (4) (A) OF CODE OF CONDUCT OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 UNDER REGULATION 7 OF STOCK BROKER REGULATIONS WHILE DEALING IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 05-JAN-2011 TO 04-FEB-2011
15-DEC-2010
|
|
| 9 |
|
|
GALAXY BROKING LTD.
(PAN:AABCG5457B)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN AVOIDING SUCH EXECUTION OF TRADDES ON BEHALF OF GROUP ENTITIES/NOTICEES AND FACILITATED GROUP ENTITIES IN PLACING/EXECUTING HUGE TRADES RESULTING INTO CREATION OF ARTIFICIAL VOLUME/PRICE RISE VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SARANG CHEMICALS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 11-JAN-2019 TO 10-JUL-2019
DIRECTED NOT TO ENTER INTO NEW CONTRACT OF BUY AND SELL ON HIS OWN ACCOUNT AS PRINCIPAL (PROPRIETARY TRADE)
04-JAN-2019
|
|
| 10 |
|
|
GRISHMA SECURITIES PVT.LTD.
(PAN:AABCG1300K)
(Member : BSE/NSE)
|
|
|
DID NOT COLLECT ADVANCE MARGIN FROM CLIENT
USED FUNDS RECEIVE FROM CLIENT FOR MAKING OWN MARGIN PAYMENTS IN F&O SEGMENT
ROUTED FUNDS RECEIVE FROM ONE CLIENT TO ANOTHER CLIENT
INDULGED IN CREATION OF ARTIFICIAL MARKET THROUGH SYNCHRONIZED TRADES IN MATTER OF TRADING OF MR.ANIL DAVE
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 22-DEC-2021 TO 21-FEB-2022
22-DEC-2021
|
|
| 11 |
|
|
JUNJHARJI INVESTMENT PVT.LTD.
(PAN:AAACJ8174F)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DISCREPANCIES IN STOCK RECONCILIATION
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT MAKE DISCLOSURE OF INVESTOR COMPLAINTS AND DID NOT PUBLISH INVESTOR CHARTER ON ITS WEBSITE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 30-JUN-2025 TO 29-JUL-2025
30-JUN-2025
|
|
| 12 |
|
|
KARVY STOCK BROKING LTD.
(PAN:AABCK5190K)
(Member : NSE/BSE,Depository Participants : CDSL/NSDL)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAKE DISCLOSURE OF DP ACCOUNT OF KARVY STOCK BROKING LTD. TO STOCK EXCHANGE
DID NOT REPORT DP ACCOUNT NO. 1458979 (KARVY STOCK BROKING LTD.) (BSE) IN THE FILINGS FROM JANUARY, 2019 TO AUGUST, 2019
CREDITED FUNDS RAISED BY PLEDGING OF CLIENT SECURITIES TO SIX OF ITS OWN BANK ACCOUNTS (“STOCK BROKER-OWN ACCOUNT”) INSTEAD OF “STOCK BROKER-CLIENT ACCOUNT” AND DID NOT REPORT THESE TO EXCHANGE
CREATED PLEDGE ON SECURITIES OF CLIENTS AND GENERATED FUNDS
SOLD EXCESS SECURITIES (SECURITIES NOT AVAILABLE IN DP ACCOUNT) OF RS.485 CRORE THROUGH 9 RELATED CLIENTS AND TRANSFERRED EXCESS SECURITIES TO 6 OUT OF THESE 9 RELATED CLIENTS OF RS.162 CRORES
TRANSFERRED SECURITIES WORTH RS.27.8 CRORES, OFF-MARKET, FROM BENEFICIAL OWNER ACCOUNTS (BO ACCOUNTS) OF 156 CLIENTS WHO HAVE NOT EXECUTED SINGLE TRADE WITH THEM
TRANSFERRED NET AMOUNT RS.1096 CRORES TO ITS GROUP COMPANY I.E. KARVY REALTY PVT.LTD.
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 22-NOV-2019
DIRECTED NOT TO ACT UPON ANY INSTRUCTION GIVEN BY KSBL IN PURSUANCE OF POWER OF ATTORNEY GIVEN TO KSBL BY ITS CLIENTS
DIRECTED DEPOSITORIES TO MONITOR MOVEMENT OF SECURITIES INTO AND FROM DP ACCOUNT OF CLIENTS OF KSBL
DIRECTED NOT TO ALLOW TRANSFER OF SECURITIES FROM DP ACCOUNT
DIRECTED DEPOSITORIES AND STOCK EXCHANGES TO INITIATE APPROPRIATE DISCIPLINARY PROCEEDINGS FOR MISUSE OF CLIENTS’ FUNDS AND SECURITIES
22-NOV-2019
|
SEBI VIDE ITS ORDER DATED 29/11/2019 DISPOSED OFF THE REPRESENTATIONS DATED 24/11/2019, 25/11/2019 AND 26/11/2019 BY NOT ALLOWING KARVY TO USE POWER OF ATTORNEY
SAT: SAT VIDE ITS ORDER DATED 29/11/2019 DISPOSED OFF THE APPEAL AND DIRECTED WTM TO CONSIDER REQUEST OF THE APPELLANT AND PASS APPROPRIATE ORDER AFTER GIVING OPPORTUNITY OF HEARING BY 02/12/2019
|
| 13 |
|
|
KEDIA CAPITAL SERVICES PVT.LTD.
(Member : NSEL)
|
|
|
NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 20-OCT-2023 TO 19-JAN-2024
20-OCT-2023
|
SAT: SAT VIDE ITS ORDER DATED 18/10/2023 CONDONED THE DELAY IN FILING OF APPEAL. RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 06/12/2023 STAYED THE EFFECT AND OPERATION OF IMPUGNED ORDER AS IT RELATES TO APPELLANT TILL NEXT DATE OF LISTING
|
| 14 |
|
|
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
|
|
| 15 |
|
|
MADHUVAN SECURITIES PVT.LTD.
(Member : NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH STRUCTURED AND SELF TRADES IN SCRIP OF ADANI EXPORTS LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES ON BEHALF OF ITS CLIENTS VIOLATING REGULATION 7 READ WITH CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 07-MAR-2016 TO 11-MAR-2016
15-FEB-2016
|
|
| 16 |
|
|
N.C.JAIN,M/S
(Member : BSE)
|
|
|
|
N.C.JAIN
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) AND A(3) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SUN INFOWAYS LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 20-FEB-2013 TO 26-FEB-2013
30-JAN-2013
|
SAT: SAT VIDE ITS ORDER DATED 28/10/2013 MODIFIED SEBI'S ORDER DATED 30/01/2013 BY REDUCING THE PENALTY OF SUSPENSION OF ONE WEEK TO PROHIBITION FROM TAKING UP ANY NEW ASSIGNMENT FOR A PERIOD OF TWO WEEKS
|
| 17 |
|
|
RENU PODDAR,M/S
(Member : CSE)
|
|
|
|
RENU PODDAR
|
|
ALLOWED CROSS DEALS VIOLATING CLAUSE B (4) (A) OF CODE OF CONDUCT OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 UNDER REGULATION 7 OF STOCK BROKER REGULATIONS WHILE DEALING IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CROSS DEALS IN SCRIP OF TWENTY FIRST CENTURY (INDIA) LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 05-JAN-2011 TO 04-FEB-2011
15-DEC-2010
|
|
| 18 |
|
|
SANCHAY FINCOM LTD.
(PAN:AAACD6056C)
(Member : BSE)
|
|
|
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 T.SPIRITUAL WORLD LTD.
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 08-FEB-2012 TO 07-MAR-2012
18-JAN-2012
|
|
| 19 |
|
|
SIC STOCKS & SERVICES PVT.LTD.
(PAN:AAHCS8176P)
(Member : BSE/NSE)
|
|
|
DELAY IN DELIVERY OF SHARES TO CLIENTS WITHIN STIPULATED TIME
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 07-FEB-2020 TO 06-APR-2020
07-FEB-2020
|
|
| 20 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : NSE)
|
|
|
DID NOT COLLECT MARGIN IN APPROVED FORM/MODE AND DEFAULTED IN REPORTING OF MARGINS TO STOCK EXCHANGES
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 23-AUG-2013 TO 22-NOV-2013
DIRECTED NOT TO LAUNCH ANY NEW SCHEMES FROM 23-AUG-2013 TO 22-NOV-2013
02-AUG-2013
|
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
SAT: SAT VIDE ITS ORDER DATED 16/06/2016 PERMITTED APPELLANT TO WITHDRAW THE MISC. APPLICATION AND APPEAL WITH LIBERTY TO MOVE AN APPLICATION BEFORE SEBI SEEKING REDRESSAL OF GRIEVANCES. NO COSTS
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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