| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.NITIN CAPITAL SERVICES LTD.
(Member : DSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT AFFIX STAMPS ON CONTRACT NOTES
ALLOTTED SERIAL NUMBERS ON CONTRACT NOTES ON DAILY BASIS INSTEAD OF YEARLY BASIS
DISCREPANCIES IN REGISTER OF TRANSACTIONS OF CONTRACT NOTES
COMMITTED IRREGULARITIES IN MAINTENANCE OF COUNTERFOILS OR DUPLICATES OF CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT FROM CLIENTS
DID NOT REDRESS INVESTOR COMPLAINTS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
FAILED TO SUBMIT AUDIT REPORT TO THE EXCHANGE ON DUE DATE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-JUL-2007 TO 09-AUG-2007
19-JUN-2007
|
|
| 2 |
|
|
ABHIPRA CAPITAL LTD.
(PAN:AABCA1702F)
(Member : BSE/NSE)
|
|
|
ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT
COMMITTED IRREGULARITIES IN DEALING IN CASH WITH CLIENTS
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
PLEDGED SECURITIES WITHOUT KNOWLEDGE OF CLIENTS
DELAYED PAYMENT CHARGES WITHOUT KNOWLEDGE FROM CLIENTS
DID NOT SETTLE SECURITY DEPOSIT OF CLIENTS
DID NOT UPDATE RUNNING ACCOUNT AUTHORIZATION FORM
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 20-APR-2021 TO 19-JUL-2021
20-APR-2021
|
|
| 3 |
|
|
ACTIVE FINSTOCK PVT.LTD.
(Member : BSE)
|
|
|
USED WRONG INCOME TAX PERMANENT ACCOUNT NO. (PAN) FOR LARGE NUMBER OF CLIENTS AND USED SAME PAN FOR MULTIPLE CLIENTS
ALLOWED CLIENTS TO TRADE AND PAID MONEY DESPITE HUGE DEBIT BALANCES FOR LONG PERIOD IN THEIR ACCOUNTS
DID NOT MAKE DISCLOSURE OF BULK DEALS TO STOCK EXCHANGES IN STIPULATED PERIOD
|
IMPOSED PENALTY RS.2,50,000
11-OCT-2010
|
|
| 4 |
|
|
ADITYA BIRLA MONEY LTD.
(PAN:AAACA7472K)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
CARRIED OUT PORTFOLIO MANAGEMENT SERVICES (PMS) WITHOUT ENTERING INTO AGREEMENT WITH THE CLIENTS
MISLED CLIENTS BY UNDERSTATING LOSSES AND OVERSTATING PROFITS
LOSSES COVERED BY PREMIUM ON SALE OF OPTIONS AND SHOWN ONLY AT LATER STAGES
CHARGED DELAYED PAYMENT AND LATE PAY-IN CHARGES
DID NOT HAVE ADEQUATE SYSTEMS AND INTERNAL CONTROLS
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DELAY IN UPLOAD CLIENTS DETAILS IN CKYC SYSTEM
TRANSFERRED SECURITIES WORTH RS.5,41,502.76 FROM CLIENT DEMAT TO PRO
ACCOUNT
DID NOT HAVE DEDICATED E-MAIL ID FOR REDRESSAL OF GRIEVANCES
DID NOT ENABLE SMS ALERT FACILITY FLAG IN DEPOSITORY PARTICIPANT MODULE
ACTIVATED POWER OF ATTORNEY WITHOUT OBTAINING MOBILE NUMBER FROM CLIENT
|
IMPOSED PENALTY RS.1,02,00,000
04-OCT-2021
|
SAT: SAT VIDE ITS ORDER DATED 06/12/2021 DISPOSED OF THE STAY APPLICATION AND DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND APPELLANT TO FILE REJOINDER THREE WEEKS THEREAFTER. FURTHER, DIRECTED APPELLANT TO DEPOSIT RS.50 LAC WITHIN FOUR WEEKS FROM DATE OF THIS ORDER. THE BALANCE AMOUNT SHALL NOT BE RECOVERED DURING PENDENCY OF THE APPEAL
SAT: SAT VIDE ITS ORDER DATED 23/12/2021 DISPOSED OFF THE MATTER AND DIRECTED AO TO CONSIDER THE OBJECTIONS RAISED BY APPELLANT AT THE TIME WHEN THE MATTER FINALLY DECIDED
|
| 5 |
|
|
AGARWAL SHARE & STOCK BROKERS PVT.LTD.
(Member : UPSE)
|
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT ISSUE CONTRACT NOTES
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
INDULGED IN BUSINESS OTHER THAN THAT OF SECURITIES
COMMITTED IRREGULARITIES PERTAINING TO CLIENTS SECURITIES
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-OCT-2006 TO 16-NOV-2006
26-SEP-2006
|
|
| 6 |
|
|
AMIN MULANI,M/S
(Member : PSE)
|
|
|
|
AMIN MULANI
|
|
ACTED IN CONCERT WITH OTHER BROKERS TO CREATE ARTIFICIAL MARKET AND PRICE RISE THROUGH CIRCULAR TRADING AND BY PLACING ORDERS AT HIGHER PRICES OTHER THAN PREVAILING MARKET PRICE IN SCRIP OF HOME TRADE LTD.
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT INTRODUCTION FORMS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-NOV-2005 TO 14-MAY-2007
24-OCT-2005
|
|
| 7 |
|
|
ANAND RATHI FINANCIAL SERVICES LTD.
(PAN:AABCA3577G)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DISCREPANCIES IN PROCESSING OF DELIVERY INSTRUCTION SLIP
DEFAULTED IN DELIVERY OF CONTRACT NOTES IN RESPECT OF BOUNCED ELECTRONIC CONTRACT NOTES
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
|
IMPOSED PENALTY RS.5,00,000
30-NOV-2011
|
|
| 8 |
|
|
ANAND RATHI SHARE & STOCK BROKERS LTD.
(PAN:AAACN3405F)
(Depository Participants : NSDL,Member : BSE/NSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT DATABASE
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
ILLEGALLY CHARGED CUSTODY CHARGES FROM CLIENTS
DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY
|
IMPOSED PENALTY RS.1,00,000
04-MAY-2009
|
|
| 9 |
|
|
ANANTRAI A.PAREKH & SONS
(Member : BSE)
|
|
|
ALLEGED MANIPULATION OF PRICE OF BARASIA HOLDING & TRADING CO.LTD.
INDULGED IN CROSS DEALS TO CREATE FALSE MARKET IN SCRIP OF BARASIA HOLDING & TRADING CO.LTD.
DEFICIENCIES IN CLIENT DATABASE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-NOV-2001
|
|
| 10 |
|
|
ANIL KUMAR AGARWAL,M/S
(Member : UPSE)
|
|
|
|
ANIL KUMAR AGARWAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT AFFIX BROKER NOTE STAMPS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-APR-2004 TO 11-AUG-2004
22-MAR-2004
|
|
| 11 |
|
|
ANUGRAH STOCK & BROKING PVT.LTD.
(PAN:AAACW2920N)
(Member : BSE/NSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENTS FUND AND SECURITIES FROM OWN FUNDS AND SECURITIES
ALLEGED PLEDGING SECURITIES OF CLIENTS EVEN THOUGH CREDIT BALANCE
ALLEGED FAILURE IN SENDING STATEMENT OF ACCOUNT TO CLIENTS
ALLEGED TRANSFERRING SECURITIES FROM CLIENT BENEFICIARY ACCOUNT TO POOL ACCOUNT TO MEET PROPRIETARY OBLIGATIONS
ALLEGED REPORTING WRONG MARGINS
ALLEGED FAILURE IN MAINTENANCE OF HIGH STANDARDS OF INTEGRITY, PROMPTITUDE & FAIRNESS IN CONDUCT OF BUSINESS AS A STOCK BROKER
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED INDULGENCE IN FUND-BASED ACTIVITIES BY LENDING MONEY TO OTHER CLIENTS
ALLEGED INDULGENCE IN TRANSFER OF SECURITIES IN CONTRAVENTION OF SEBI’S ORDER DATED 22/05/2009
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.28,00,000 VIDE CONSENT ORDER)
18-OCT-2010
|
|
| 12 |
|
|
APOLLO SINDHOORI CAPITAL INVESTMENTS LTD.
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN MAINTENANCE OF CLIENT REGISTRATION FORM AND CLIENT BROKER AGREEMENT
ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME
ALLEGED DELAY IN REDRESSAL OF COMPLAINTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
07-JAN-2008
|
|
| 13 |
|
|
APOORVA SECURITIES PVT.LTD.
(PAN:AACCA2937P)
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE,Member : UPSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFICIENCIES IN CLIENT DATABASE
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
INDULGED IN OFF-MARKET TRANSACTIONS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 28-NOV-2008 TO 27-JAN-2009
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-NOV-2008 TO 27-JAN-2009
07-NOV-2008
|
|
| 14 |
|
|
APS CAPITAL SERVICES PVT.LTD.
(Member : PSE)
|
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DID NOT COLLECT MARGINS FROM CLIENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
16-JAN-2008
|
|
| 15 |
|
|
ARCHANA KHANDELWAL,M/S
(Member : CSE)
|
|
|
|
ARCHANA KHANDELWAL
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT COLLECT MARGINS FROM CLIENTS
EXECUTED NEGOTIATED DEALS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-2006 TO 31-AUG-2006
11-MAY-2006
|
|
| 16 |
|
|
ASHOK KUMAR KISHORILAL DAMANI,M/S
(Member : NSE)
|
|
|
|
ASHOK KUMAR KISHORILAL DAMANI
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF ORDER CONFIRMATION SLIP
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
USED CLIENTS' ACCOUNT FOR PAYMENT OF OWN OBLIGATIONS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
13-JAN-2006
|
|
| 17 |
|
|
ASL CAPITAL HOLDINGS PVT.LTD.
(PAN:AAACA8354L)
(Member : NSE)
|
|
|
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
KEPT CLIENT'S SECURITIES IN BENEFICIARY ACCOUNT FOR LONG PERIODS
DID NOT COLLECT MARGINS FROM CLIENTS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
02-FEB-2006
|
|
| 18 |
|
|
ATMARAM KEJRIWAL & CO.
(Member : UPSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
ISSUED CONTRACT NOTES IN "FORM A" FOR TRANSACTIONS IN UNLISTED SHARES
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT APPOINT COMPLIANCE OFFICER
ENTERED INTO DIRECT MONEY TRANSACTIONS BETWEEN MEMBERS
EXECUTED NEGOTIATED DEALS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
27-DEC-2005
|
|
| 19 |
|
|
ATUL CHHABILDAS DOSHI,M/S
(Member : ASE)
|
|
|
|
ATUL CHHABILDAS DOSHI
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN CLIENT DATABASE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 27-SEP-1999 TO 26-NOV-1999
24-SEP-1999
|
|
| 20 |
|
|
ATUL KANODIA & CO.
(Member : BSE,Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
IMPOSED PENALTY RS.40,000
11-MAY-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.10,000 FROMTO RS.40,000
|
| 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 1 of 12
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