| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AKSHAYA & CO.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DEFICIENCIES IN CLIENT DATABASE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JAN-2007
|
|
| 2 |
|
|
ALLWIN SECURITIES LTD.
(Sub-Broker of JOINDRE CAPITAL SERVICES LTD., Member : BSE)
|
|
|
|
PAWAN MALLAWAT
|
|
DID NOT EXERCISE DUE SKILL AND CARE WHILE DEALING WITH CLIENTS IN SCRIP OF GUJARAT FISCON LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JUN-2007
|
|
| 3 |
|
|
AVDHUT SECURITIES LTD.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DEALT WITH ENTITIES WHICH WERE REFRAINED FROM TRADING
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
24-JAN-2006
|
|
| 4 |
|
|
BHAVESH RAMESHCHANDRA MEHTA,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE,Member : SKSE)
|
|
|
|
BHAVESH RAMESHCHANDRA MEHTA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 5 |
|
|
BHAVIN C.THAKRAR,M/S
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
BHAVIN C.THAKRAR
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SWORD & SHIELD PHARMA LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-JUN-2007
|
|
| 6 |
|
|
CHHEDA SHARES & SECURITIES
(Sub-Broker of MANIPUT INVESTMENTS PVT.LTD., Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
20-FEB-2008
|
|
| 7 |
|
|
COMPETENT PROFESSIONALS PVT.LTD.
(Sub-Broker of INTEGRATED MASTER SECURITIES PVT.LTD., Member : NSE)
|
|
|
|
ABHAY KOHLI
|
|
|
SANJAY TANDON
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF EIDER INFOTECH LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JAN-2009
|
|
| 8 |
|
|
DEEPAK BHOGILAL SHAH,M/S
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE,Member : ASE)
|
|
|
|
BHARAT SHAH
|
|
|
DEEPAK BHOGILAL SHAH
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 9 |
|
|
FORTUNE SHARE BROKERAGE PVT.LTD.
(PAN:AAACF4070A)
(Sub-Broker of OTCEI SECURITIES LTD., Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 10 |
|
|
GABIN CAPITAL MARKETS LTD.
(Sub-Broker of COCHIN STOCK BROKERS LTD., Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
06-DEC-2006
|
|
| 11 |
|
|
GAUTAMBHAI NANUBHAI JHAVERI
(PAN:ADAPJ5993J)
(Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
|
RAJESH NANUBHAI JHAVERI
PAN:ADAPJ5993J
|
|
DEFAULTED IN MAINTENANCE OF BANK BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
16-JAN-2006
|
|
| 12 |
|
|
GDH SECURITIES PVT.LTD.
(Sub-Broker of HSE SECURITIES LTD., Member : NSE)
|
|
|
EXECUTED MATCHING TRANSACTIONS AT RATES DIFFERENT FROM MARKET RATES DIRECTLY FROM ITS TRADING ACCOUNT AND NOT ROUTED THROUGH BROKER/STOCK EXCHANGE
CHARGED GALA FROM CLIENTS
DEALT WITH BROKERS/SUB-BROKERS ON PRINCIPAL AND AGENT BASIS TO AID AND ASSIST THEM IN EVASION OF MARKET, COLLECTION OF MARGINS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
24-JAN-2006
|
|
| 13 |
|
|
I TRADE LTD.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
DID NOT ISSUE CONFIRMATION MEMOS IN PRESCRIBED FORMAT
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED IN MEETING PAY-IN-OBLIGATION AND MARGIN TO STOCK EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-DEC-2005
|
|
| 14 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Sub-Broker of PRABHUDAS LILLADHER PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF CONTINENTAL CONTROLS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-2007
|
|
| 15 |
|
|
KARUR MAV FINANCIAL SERVICES
(Sub-Broker of ANUSH SHARES & SECURITIES PVT.LTD., Member : MDSE/NSE)
|
|
|
|
B.LAKSHMI
|
|
|
M.A.RAGHUNATHAN
|
|
|
M.R.BALAJI NARASIMHAN
|
|
|
M.S.JEEVAREKHA
|
|
|
M.V.USHA
|
|
|
R.VARALAKSHMI
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
GAVE SHORT TERM LOANS TO CLIENTS
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES IN SCRIP OF KARUR VYSYA BANK LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 16 |
|
|
KATTIKAREN & CO.
(Sub-Broker of COCHIN STOCK BROKERS LTD., Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
IRREGULARITIES BY SMIFS SECURITIES LTD. IN ISSUANCE OF CONTRACT NOTES, NON-SEGREGATION OF CLIENT/OWN FUNDS ETC.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
04-DEC-2006
|
|
| 17 |
|
|
KHANDWALA SHAH & ASSOCIATES
(Sub-Broker of PRAKASH K.SHAH SHARES & SECURITIES PVT.LTD., Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
21-FEB-2008
|
|
| 18 |
|
|
M&M CAPITAL & INVESTMENTS PVT.LTD.
(Sub-Broker of COCHIN STOCK BROKERS LTD., Member : NSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT SUBMIT AUDITED CERTIFICATE ON QUARTERLY BASIS TOWARDS MAINTENANCE OF MANDATORY MARGIN REQUIREMENT
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-JAN-2007
|
|
| 19 |
|
|
M.J.SHAH & CO.
(Sub-Broker of VIDYUT DEVENDRAKUMAR,M/S, Member : BSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE EXECUTING TRADES FOR CLIENTS IN SCRIP OF MANGALYA EXPORTS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-JAN-2006
|
|
| 20 |
|
|
M.S.CONSULTANCY SERVICES
(Sub-Broker of APEX STOCK BROKERS PVT.LTD., Member : BSE)
|
|
|
|
MAHENDRA S.THAKKAR
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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