| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.R.P.SHARES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
EXECUTED TRADES WHERE BROKER HIMSELF WAS BUYER AS WELL AS SELLER
DID NOT EXERCISE DUE CARE AND SKILL IN DEALING WITH CLIENTS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 25-DEC-2006 TO 31-DEC-2006
04-DEC-2006
|
|
| 2 |
|
|
AADYA STOCKS PVT.LTD.
(Sub-Broker of MSE FINANCIAL SERVICES LTD., Member : BSE)
|
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT FURNISH AUDITOR'S CERTIFICATE ON QUARTERLY BASIS REGARDING COLLECTION OF MINIMUM MARGIN FROM CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFAULTED IN MEETING PAY-IN-OBLIGATION AND MARGIN TO STOCK EXCHANGE
DID NOT TRANSFER DIVIDEND TO CLIENTS ACCOUNT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-FEB-2006 TO 01-JUN-2006
13-JAN-2006
|
|
| 3 |
|
|
AAKASH INVESTMENT CONSULTANCY
(Sub-Broker of GROWTH AVENUES LTD., Member : NSE)
|
|
|
|
SANJIV K.SHAH
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
EXECUTED TRADES FOR CLIENTS IN SELF ACCOUNT CODE INSTEAD OF CLIENT ACCOUNT CODE
DEALT IN CASH WITH CLIENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 01-DEC-2008 TO 28-FEB-2009
10-NOV-2008
|
|
| 4 |
|
|
ABHILASHAA SECURITIES PVT.LTD.
(PAN:AADCA8279K)
(Sub-Broker of KANTILAL MANGALDAS SECURITIES PVT.LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF MOH LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 07-AUG-2007 TO 06-SEP-2007
17-JUL-2007
|
|
| 5 |
|
|
ADITYA & CO.
(Sub-Broker of BGSE FINANCIALS LTD., Member : NSE)
|
|
|
|
L.S.GURURAJ
|
|
INDULGED IN MATCHING TRANSACTION OF HIS OWN CLIENTS WITHOUT ROUTING THE TRADES THROUGH THE MEMBER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT FURNISH REQUISITE INFORMATION DURING INVESTIGATION
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-JUL-2007 TO 23-JUL-2007
18-JUN-2007
|
|
| 6 |
|
|
ADMIRAL SECURITIES
(Sub-Broker of VSE SECURITIES LTD., Member : BSE,Member : VSE)
|
|
|
DID NOT EXERCISE DUE CARE AND SKILL IN DEALING WITH CLIENTS
OFFLOADED UNLISTED SHARES OF DESIGN AUTO SYSTEMS LTD. IN MARKET WITH ACTIVE CONNIVANCE OF COMPANY MANAGEMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-JAN-2009 TO 09-JAN-2009
SUSPENDED REGISTRATION AS SUB-BROKER FROM 03-JAN-2009 TO 09-JAN-2009
12-DEC-2008
|
|
| 7 |
|
|
AGARWALLA SECURITIES PVT.LTD.
(Sub-Broker of SANJAY KUMAR THARD, Member : CSE)
|
|
|
COMMITTED IRREGULARITIES IN MAINTENANCE OF CONFIRMATION NOTES ISSUED TO CLIENTS
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 13-NOV-2002 TO 12-MAY-2003
05-NOV-2002
|
|
| 8 |
|
|
AKRITI SECURITIES PVT.LTD.
(Sub-Broker of UPSE SECURITIES LTD., Member : BSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
CARRIED OUT TRANSACTION IN ITS OWN NAME INSTEAD OF CLIENTS NAME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 29-NOV-2006 TO 13-DEC-2006
08-NOV-2006
|
|
| 9 |
|
|
AKSHAY SHANTILAL DALAL,M/S
(Sub-Broker of MEHTA VAKIL & CO.PVT.LTD., Member : BSE)
|
|
|
|
AKSHAY SHANTILAL DALAL
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION BY EXECUTING TRANSACTIONS AT A LARGE SCALE FOR THE CLIENTS RELATED TO PROMOTERS OF COMPANY IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
ACTED AS SUB-BROKER OF MEHTA VAKIL & CO.PVT.LTD.WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 26-JAN-2006 TO 25-FEB-2006
06-JAN-2006
|
SAT: IMPUGNED ORDER DATED 06/01/2006 MODIFIED AND SUSPENSION OF PERIOD REDUCED TO 10 DAYS FROM 30 DAYS
|
| 10 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 09-NOV-2010 TO 13-NOV-2010
09-NOV-2010
|
|
| 11 |
|
|
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
|
|
| 12 |
|
|
ARIHANT STOCKS & SHARES
(Sub-Broker of PADMAKANT DEVIDAS SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES REQUIREMENTS VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (SUB BROKERS) REGULATIONS, 1992 IN MATTER OF STOCKNET INTERNATIONAL LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 31-MAY-2012 TO 13-JUN-2012
10-MAY-2012
|
|
| 13 |
|
|
BID SECURITIES PVT.LTD.
(Sub-Broker of ANAND RATHI SECURITIES LTD., Member : BSE)
|
|
|
IN THE CASE OF AMARA RAJA BATTERIES LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 15-JUL-2002 TO 14-JAN-2003
15-JUL-2002
|
|
| 14 |
|
|
BULLS INC.
(Sub-Broker of JOINDRE CAPITALS SERVICES LTD., Member : NSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DEFAULTED IN MAINTENANCE OF GENERAL LEDGER
DEFAULTED IN MAINTENANCE OF JOURNAL
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT ISSUE PURCHASE OR SALE NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 23-MAY-2003 TO 22-NOV-2003
09-MAY-2003
|
|
| 15 |
|
|
COMPUACTION SECURITIES PVT.LTD.
(Sub-Broker of IKM INVESTOR SERVICES LTD., Member : BSE)
|
|
|
|
ANIL SETH
|
|
|
RAKESH GULATI
|
|
MANIPULATED PRICE IN SCRIP OF SUN INFOWAYS LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 28-FEB-2008 TO 27-JUN-2008
07-FEB-2008
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 16 |
|
|
DEVICHAND HANSRAJ OSWAL,M/S
(Sub-Broker of PSE SECURITIES LTD., Member : NSE)
|
|
|
|
DEVICHAND HANSRAJ OSWAL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
DID NOT RECORD TIME OF EXECUTION OF ORDER ON CONTRACT NOTES
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 02-FEB-2006 TO 03-APR-2006
12-JAN-2006
|
SAT: IMPUGNED ORDER MODIFIED BY CONVERTING SUSPENSION OF 2 MONTHS INTO MONETARY PENALTY OF RS.50,000
SAT: SAT VIDE ITS ORDER DATED 02/05/2016 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
|
| 17 |
|
|
DEVKI FINANCE & TRADING PVT.LTD.
(Sub-Broker of PANORAMA SHARES & STOCKS LTD., Member : BSE)
|
|
|
|
BIPIN SHAH
|
|
ALLOWED ITS CLIENT SMITA KIRTI SHAH, WHO ALONG WITH OTHER ENTITIES, HAMMERED DOWN THE PRICE OF THE SCRIP, BY INDULGING IN NON-GENUINE TRADE TRANSACTIONS, THEREBY CREATING A MISLEADING APPEARANCE OF TRADING IN SCRIP OF CELLULOSE & CHEMICALS PVT.LTD.
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 05-AUG-2004 TO 04-NOV-2004
16-JUL-2004
|
|
| 18 |
|
|
DIVINE SECURITIES
(Sub-Broker of BANG EQUITY BROKING PVT.LTD., Member : BSE)
|
|
|
MANIPULATION IN SCRIP OF AMARA RAJA BATTERIES LIMITED DURING THE PERIOD AUGUST 2000 TO MARCH 2001
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 27-JAN-2003 TO 26-MAR-2003
20-JAN-2003
|
|
| 19 |
|
|
E.STOCKS INC.
(PAN:AAAFE9913C)
(Sub-Broker of MANGAL KESHAV SECURITIES LTD., Member : NSE/BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1),A(2),D(1),D(4) AND D(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI BROKER REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
|
| 20 |
|
|
ESS ESS INTERMEDIARIES PVT.LTD.
(PAN:AAACE7722Q)
(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1), A(3) TO A(5) OF CODE OF CONDUCT FOR SUB-BROKERS UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-MAY-2012 TO 23-JUL-2012
SUSPENDED REGISTRATION AS SUB-BROKER FROM 24-MAY-2012 TO 23-JUL-2012
03-MAY-2012
|
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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