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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: FLOATED BOGUS/FRAUDULENT ENTITIES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person H.NYALCHAND FINANCIAL SERVICES LTD.

(Member : NSE/ASE)  
Click here to view complete history of this specific entity/person DHIRENBHAI H.VORA

PAN:AAWPV2756N
Click here to view complete history of this specific entity/person SAUMIL A.SHAH
Click here to view complete history of this specific entity/person UDAY H.VORA

PAN:AAMPV2972L
  		INDULGED IN CIRCULAR TRADING

CREATED ARTIFICIAL MARKET

INDULGED IN SYNCHRONIZED DEALS

EXECUTED FICTITIOUS TRANSACTIONS

INFLUENCED PRICES OF SEVERAL COMPANIES

POSSIBILITY OF INSIDER TRADING IN VIEW OF PRICE SENSITIVE INFORMATION BEING MADE AVAILABLE TO IT AS A RESULT OF ITS ASSOCIATION WITH THE COMPANIES

INVOLVED IN FLOATING BOGUS ENTITIES   		DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 29-JAN-2004 TILL FURTHER ORDER

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-JAN-2004 TILL FURTHER ORDER

29-JAN-2004 		 
2
History of entity/person PARK LIGHT INVESTMENT PVT.LTD.

(Member : BSE)  
Click here to view complete history of this specific entity/person HASMUKHLAL N.VORA
Click here to view complete history of this specific entity/person RUPESHBHAI DEVENDRABHAI SHAH
Click here to view complete history of this specific entity/person UDAY H.VORA

PAN:AAMPV2972L
  		INDULGED IN CIRCULAR TRADING

CREATED ARTIFICIAL MARKET

INDULGED IN SYNCHRONIZED DEALS

EXECUTED FICTITIOUS TRANSACTIONS

INFLUENCED PRICE OF SCRIPS

POSSIBILITY OF INSIDER TRADING IN VIEW OF PRICE SENSITIVE INFORMATION BEING MADE AVAILABLE TO IT AS A RESULT OF ITS ASSOCIATION WITH THE COMPANIES

INVOLVED IN FLOATING BOGUS ENTITIES   		DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 29-JAN-2004 TILL FURTHER ORDER

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-JAN-2004 TILL FURTHER ORDER

29-JAN-2004 		 
3
History of entity/person PARKLIGHT SECURITIES LTD.

(PAN:AABCP6609A)

(Member : ASE)  
Click here to view complete history of this specific entity/person HITESHBHAI RAVINDRABHAI BHATT
Click here to view complete history of this specific entity/person RUPESHBHAI DEVENDRABHAI SHAH
  		INDULGED IN CIRCULAR TRADING

CREATED ARTIFICIAL MARKET

INDULGED IN SYNCHRONIZED DEALS

EXECUTED FICTITIOUS TRANSACTIONS

INFLUENCED PRICES OF SEVERAL COMPANIES

POSSIBILITY OF INSIDER TRADING IN VIEW OF PRICE SENSITIVE INFORMATION BEING MADE AVAILABLE TO IT AS A RESULT OF ITS ASSOCIATION WITH THE COMPANIES

INVOLVED IN FLOATING BOGUS ENTITIES   		DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 29-JAN-2004 TILL FURTHER ORDER

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 29-JAN-2004 TILL FURTHER ORDER

29-JAN-2004 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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