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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person BHAGIRAT MERCHANT STOCK-BROKING PVT.LTD.

(Member : BSE)  
  DEFICIENCIES IN CLIENT DATABASE

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES

DID NOT ADHERE TO CONDITIONS OF PROVISIONAL REGISTRATION

DEALT WITH UN-REGISTERED SUB-BROKERS   		SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-MAR-2003 TO 02-JUL-2003

26-FEB-2003 		 
2
History of entity/person GCM SECURITIES LTD.

(CIN:L67120WB1995PLC071337
PAN:AABCG1469K)

(Member : NSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

IRREGULARITIES IN REGISTRATION OF CLIENTS

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS TO HOLD SECURITIES IN POOL ACCOUNT

DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

22-JAN-2002 		 
3
History of entity/person K & A SECURITIES PVT.LTD.

(PAN:AAACK1251G)

(Member : NSE)  
  COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF SECURITIES REGISTER

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

28-JAN-2002 		 
4
History of entity/person LOHIA SECURITIES PVT.LTD.

(Member : NSE)  
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

06-JAN-2000 		 
5
History of entity/person SI INVESTMENTS & BROKING PVT.LTD.

(Member : BSE)  
  DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

NETTED TRANSACTIONS SCRIP WISE AND THEN REPORTED AS CARRY FORWARD TRANSACTIONS TO EXCHANGE   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

21-FEB-2000 		 
6
History of entity/person SOVEREIGN SECURITIES PVT.LTD.

(Member : BSE)  
  ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED FAILURE TO FILE FIR IN RESPECT OF STOLEN/FAKE/FORGED SHARES   		REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)

28-NOV-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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