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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.

SUB-BROKERS: ENGAGED IN NON-SECURITIES BUSINESS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CHOTHANI GROWTH & INVESTMENTS PVT.LTD.

(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)  
  DID NOT ENTER INTO AGREEMENT WITH CLIENTS

DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS

PERMITTED CLIENTS TO TRADE BEFORE THE AGREEMENT DATE

PERMITTED CLIENTS TO EXECUTE TRADE BEFORE OBTAINING CLIENT REGISTRATION FORM

COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS

DID NOT COLLECT MARGINS FROM CLIENTS

INDULGED IN INDIRECT FUNDING TO CLIENTS

FAILED TO DELIVER SHARES TO CLIENTS

DID NOT MAKE PAYMENT TO CLIENTS

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

ALLOTTED MULTIPLE CLIENT CODES TO ONE CLIENT   		IMPOSED PENALTY RS.1,50,000

31-JAN-2006 		 
2
History of entity/person KARUR MAV FINANCIAL SERVICES

(Sub-Broker of ANUSH SHARES & SECURITIES PVT.LTD., Member : MDSE/NSE)  
Click here to view complete history of this specific entity/person B.LAKSHMI
Click here to view complete history of this specific entity/person M.A.RAGHUNATHAN
Click here to view complete history of this specific entity/person M.R.BALAJI NARASIMHAN
Click here to view complete history of this specific entity/person M.S.JEEVAREKHA
Click here to view complete history of this specific entity/person M.V.USHA
Click here to view complete history of this specific entity/person 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 		 
3
History of entity/person MANOJ SARNA & CO.

(Sub-Broker of LSE SECURITIES LTD., Member : BSE/NSE)  
Click here to view complete history of this specific entity/person MANOJ SARNA
  		DID NOT MAINTAIN PURCHASE AND SALE NOTES IN PRESCRIBED FORMAT

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

DEALT IN CASH WITH CLIENTS

DID NOT MAKE PAYMENT TO CLIENTS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES

TRANSFERRED FUNDS BETWEEN DIFFERENT CLIENT ACCOUNTS

INDULGED IN FUNDS LENDING/BORROWING NOT RELATED TO/CONSEQUENTIAL TO/CONNECTED TO SECURITIES MARKET   		IMPOSED PENALTY RS.1,50,000

10-NOV-2005 		 
4
History of entity/person RAJENDRA R.MEHTA,M/S

(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)  
Click here to view complete history of this specific entity/person RAJENDRA R.MEHTA
  		COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS

DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT OPEN SEPARATE CLIENT'S BANK ACCOUNTS

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT

PAID BROKERAGE TO CLIENTS AND VIOLATED CODE OF CONDUCT OF STOCK BROKER REGULATIONS

GAVE SHORT TERM LOANS TO SUB-BROKERS   		CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS

30-DEC-2005 		 
5
History of entity/person Y.SATEESH KUMAR,M/S.

(Sub-Broker of HSE SECURITIES LTD., Member : NSE)  
Click here to view complete history of this specific entity/person Y.SATEESH KUMAR
  		INDULGED IN INDIRECT FUNDING TO CLIENTS

DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK

DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT MAINTAIN CLIENT DATABASE

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT DELIVER SECURITIES TO CLIENTS IN TIME   		IMPOSED PENALTY RS.75,000

21-SEP-2006 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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