| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AASTHA INVESTMENTS
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SOFTBPO GLOBAL SERVICES LTD.
|
IMPOSED PENALTY RS.1,00,000
30-SEP-2008
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
AISHWARYA AVENUES PVT.LTD.
(PAN:AAECA1109R)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RAJESH EXPORTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2),D(1),(4) AND (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF RAJESH EXPORTS LTD.
|
IMPOSED PENALTY RS.50,000
29-SEP-2010
|
|
| 4 |
|
|
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
|
| 5 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SYSTEL INFOTECH 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 (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SYSTEL INFOTECH LTD.
|
IMPOSED PENALTY RS.75,000
30-NOV-2010
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 6 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE, SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISED DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE AND SPECULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2) AND D(1) (4) (5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ALPHA HI TECH FUEL LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF ALPHA HI TECH FUEL LTD.
|
IMPOSED PENALTY RS.50,000
09-OCT-2009
|
|
| 7 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF TANU HEALTHCARE 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 (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF TANU HEALTHCARE LTD.
|
IMPOSED PENALTY RS.2,50,000
31-JAN-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 8 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF NANDAN EXIM LTD.
|
IMPOSED PENALTY RS.1,50,000
10-JAN-2011
|
INCLUDED IN SEBI LIST DATED 31/03/2014, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 9 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR, SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF GUJARAT ARTH LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15(B) READ WITH CLAUSES A(1), A(2), D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GUJARAT ARTH LTD.
|
IMPOSED PENALTY RS.11,00,000
02-MAR-2015
|
APPEAL DISMISSED
SAT: SAT VIDE ITS ORDER DATED 10/07/2019 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY AMOUNT TO RS.5 LACS FROM RS.16 LACS U/S 15HA AND RS.6 LACS FROM RS.12 LACS U/S 15HB
|
| 10 |
|
|
ANIL DUSAD,M/S
(PAN:ABXPD6340C)
(Sub-Broker of JSEL SEURITIES LTD., Member : BSE)
|
|
|
|
ANIL DUSAD
PAN:ABXPD6340C
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF GENERIC ENGINEERING CONSTRUCTION & PROJECTS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION VIOLATING CLAUSES A(1) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF GENERIC ENGINEERING CONSTRUCTION & PROJECTS LTD.
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-MAY-2023
|
|
| 11 |
|
|
ANIL MISTRY,M/S
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
|
ANIL MISTRY
|
|
ACTED IN CONCERT WITH BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH STRUCTURED DEALS/MATCHING BUY AND SELL ORDERS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
ATTEMPTED TO INDUCE PUBLIC TO DEAL BY CREATING MISLEADING APPEARANCE OF TRADING IN THE SCRIP OF RADAAN MEDIAWORKS INDIA LTD.
|
IMPOSED PENALTY RS.5,00,000
22-JUN-2006
|
SAT: CASE ADJOURNED
SAT: APPEAL FAILED AND DISMISSED WITH PARTIES TO BEAR THEIR OWN COSTS
|
| 12 |
|
|
AQUARIAN SHARE BROKING CO.PVT.LTD.
(PAN:AAECA8996L)
(Sub-Broker of SVS SECURITIES PVT.LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS AND CROSS DEALS IN SCRIP OF HARITA SEATING SYSTEMS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF HARITA SEATING SYSTEMS LTD.
|
IMPOSED PENALTY RS.32,00,000
31-AUG-2015
|
|
| 13 |
|
|
ARCADIA BROKERS PVT.LTD.
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKETS BY SYNCHRONIZED TRADES AND PRICE MANIPULATION IN SCRIP OF KARUNA CABLES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,000 VIDE CONSENT ORDER)
08-OCT-2008
|
|
| 14 |
|
|
ARIHANT STOCKS & SHARES
(Sub-Broker of PADMAKANT DEVIDAS SECURITIES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED/CIRCULAR TRANSACTIONS IN SCRIP OF WELLWORTH OVERSEAS LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),A(2)D(1),D(4) AND D(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF WELLWORTH OVERSEAS LTD.
|
IMPOSED PENALTY RS.3,50,000
25-NOV-2009
|
|
| 15 |
|
|
ASK HOLDINGS PVT.LTD.
(Sub-Broker of RAMRAKH R.BOHRA, Member : BSE)
|
|
|
|
ASHOK KUMAR JAIN
|
|
CREATED ARTIFICIAL MARKETS IN SCRIP OF AKL SOFT & INFOSYS LTD.
|
IMPOSED PENALTY RS.50,000
11-APR-2005
|
|
| 16 |
|
|
BALKRISHNA MAHESHWARI SHARE BROKERS PVT.LTD.
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED, STRUCTURED, CIRCULAR TRANSACTIONS AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF DOCTOR'S BIOTECH LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
22-FEB-2012
|
|
| 17 |
|
|
BANG SECURITIES PVT.LTD.
(PAN:AAACB2269D)
(Sub-Broker of BANG EQUITY BROKING PVT.LTD., Member : BSE, NIRMAL BANG SECURITIES PVT.LTD., Member : BSE)
|
|
|
|
DILIP M.BANG
|
|
|
KISHORE M.BANG
|
|
|
NIRMAL BANG
|
|
INDULGED IN LARGE TRADING TRANSACTIONS WITH A VIEW TO DEPRESS MARKET ARTIFICIALLY IN A CONCERTED MANNER
INDULGED IN SHORT SALES
INDULGED IN SYNCHRONIZED DEALS
TRADED IN PARTICULAR TIME SLOTS WHEN SHARE PRICES REGISTERED SUBSTANTIAL FALL
DEALT WITH UN-REGISTERED SUB-BROKERS
VIOLATED SEBI CODE OF CONDUCT
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 30-JUL-2002
30-JUL-2002
|
SAT: OPERATION OF ORDER CANCELLING REGISTRATION GRANTED TO APPELLANTS STAYED FOR 10 WEEKS AND RESPONDENT WILL FILE REPLY WITHIN 3 WEEKS FROM ORDER DATE
SAT: PART OF ORDER I.E.CANCELLING CERTIFICATE OF REGISTRATION OF BANG SECURITIES PVT.LTD. SET ASIDE AND APPEAL DISPOSED OF
|
| 18 |
|
|
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
|
|
| 19 |
|
|
BIJAL V.DALAL,M/S
|
|
|
|
BIJAL V.DALAL
|
|
ALLEGED FRAUDULENT EXECUTION OF BUY TRADES IN CLIENTS ACCOUNT IN SCRIP OF SUPER SPINNING & BOSCH CHASSIS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
24-JAN-2008
|
|
| 20 |
|
|
CHEHAR SECURITIES PVT.LTD.
(Sub-Broker of PRABHUDAS LILLADHER PVT.LTD., Member : BSE)
|
|
|
INDULGED IN IRREGULAR TRANSACTIONS IN SCRIPS OF VIP INDUSTRIES LTD.,ARCHIES LTD.,BGFL, AMARA RAJA BATTERIES LTD. AND DABUR INDIA LTD.
|
IMPOSED PENALTY RS.75,000
24-AUG-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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