| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
BIPIN & CO.
(Member : MGSE)
|
|
|
|
BIPIN JAIN
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DEALT WITH UN-REGISTERED SUB-BROKERS
CHARGED EXCESS BROKERAGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT MEET CAPITAL ADEQUACY REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-JUL-1998 TO 27-OCT-1998
23-JUL-1998
|
|
| 2 |
|
|
DB (INDIA) SECURITIES LTD.
(Member : DSE)
|
|
|
DID NOT MAINTAIN DESPATCH RECORDS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
CHARGED EXCESS BROKERAGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
20-JUL-1999
|
|
| 3 |
|
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME
ALLEGED FAILURE IN REDRESSAL OF INVESTOR COMPLAINTS IN STIPULATED PERIOD
ALLEGED CHARGING OF HIGHER BROKERAGE FROM CLIENTS TOWARDS PURCHASED AND SALE OF SHARES
ALLEGED INDULGENCE IN FUND-BASED ACTIVITIES BY LENDING AND BORROWING FUNDS FOR TRANACTIONS OF CLIENTS AND CHARGING INTEREST
ALLEGED NON-COLLECTION OF MARGINS FROM CLIENTS AND PERMITTED THEM TO TRADE WITHOUT SUFFICIENT CASH BALANCE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
02-AUG-2011
|
|
| 4 |
|
|
INVENTURE GROWTH & SECURITIES LTD.
(PAN:AAACI2044K)
(Depository Participants : CDSL,Member : BSE/NSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED PLEDGING OF CLIENT’S SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT ISSUE CONTRACT NOTES
CHARGED EXCESS BROKERAGE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT UPDATE CLIENTS EMAIL IDS AND MOBILE NUMBERS
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.10,00,000
17-NOV-2020
|
|
| 5 |
|
|
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
|
|
| 6 |
|
|
R.H.KOTHARI,M/S
(Member : SKSE)
|
|
|
|
RAJCHANDRA H.KOTHARI
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT ISSUE CONTRACT NOTES
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
CHARGED EXCESS BROKERAGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-APR-1999 TO 01-OCT-1999
26-MAR-1999
|
|
| 7 |
|
|
VCK SHARE & STOCK BROKING SERVICES LTD.
(CIN:U67110WB1989PLC046799
PAN:AAACV8988P)
(Member : NSE/CSE/ASE/OTC)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
CHARGED EXCESS BROKERAGE
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
DID NOT MAINTAIN DATABASE AND RECORDS OF INVESTOR COMPLAINTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DEALT IN CASH WITH CLIENTS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
18-JUL-2011
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
