| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ARIHANT INVESTMENT
(Sub-Broker of ANAND RATHI SHARE & STOCK BROKERS LTD., Member : NSE)
|
|
|
|
BHADRESH SANGHVI
PAN:AXDPS8704K
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DISPLAYED MISLEADING BOARD AND NOT DISPLAYED REGISTRATION CERTIFICATE VIOLATING NSE CIRCULAR NO.NSE/MEM/1591 DATED 20/04/2000
TRADED FOR HIMSELF THROUGH ANOTHER STOCK BROKER WITHOUT PRIOR PERMISSION OF NSE
OPERATED ON BSE TERMINAL WITHOUT AUTHORITY
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 21-MAR-2013
28-FEB-2013
|
|
| 2 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Sub-Broker of B.M.GANDHI SECURITIES PVT.LTD., Member : BSE)
|
|
|
ACTED IN CONCERT WITH GROUP ENTITIES TO CREATE ARTIFICIAL MARKET/PRICE RISE WITHOUT INTENDING TO TRANSFER THE BENEFICIAL OWNERSHIP OF THE SHARES IN CASE OF MALVICA ENGINEERING LTD.
DIVERTED BUSINESS TO VARIOUS BROKERS TO HIDE CONCERTED TRADING ON SURVEILLANCE SCREENS OF STOCK EXCHANGE
ACTED AS A CLIENT OF TRADING MEMBERS OF EXCHANGE OTHER THAN MEMBER WITH WHOM IT IS AFFILIATED AS A REGISTERED SUB-BROKER
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 15-FEB-2006
25-JAN-2006
|
|
| 3 |
|
|
MASTER SHARE & STOCK BROKERS LTD.
(PAN:AABCM1077H)
(Sub-Broker of LSE SECURITIES LTD., Member : BSE)
|
|
|
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
IMPOSED PENALTY RS.3,00,000
30-JUN-2014
|
SAT: APPEAL DISMISSED. NO COSTS
|
| 4 |
|
|
NELLIYAN STOCKS
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : BSE/NSE)
|
|
|
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
IMPOSED PENALTY RS.50,000
10-MAR-2011
|
|
| 5 |
|
|
RAJEEV BANSAL,M/S
(Sub-Broker of BANSAL SHAREVEST SERVICES LTD., Member : NSE)
|
|
|
|
RAJEEV BANSAL
|
|
EXECUTED SINGLE TRADES AT EXCHANGE TO ASCERTAIN PRICES FOR EXECUTING BULK ORDERS ILLEGALLY OUTSIDE THE EXCHANGE MECHANISM
ALLOWED TERMINAL TO UNAUTHORISED USERS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006
27-JUN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
31-JUL-2008~
|
SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008
|
| 6 |
|
|
S.P.SINGH & CO.
(PAN:AJOPS4498K)
(Sub-Broker of LSE SECURITIES LTD., Member : NSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.1,10,000
21-JUN-2011
|
|
| 7 |
|
|
S.R.AGARWAL & CO.
(Sub-Broker of VSE SECURITIES LTD., Member : BSE)
|
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR MAINTAINING RUNNING ACCOUNT
DEALT IN CASH WITH CLIENTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DEALT WITH UNREGISTERED ENTITIES
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 07-FEB-2006 TO 06-AUG-2006
17-JAN-2006
|
|
| 8 |
|
|
SANJAY BANSAL,M/S
(Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE,Member : GSE)
|
|
|
|
SANJAY BANSAL
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
PLACED TWO NSE TERMINALS AT DISPOSAL OF SUNILKUMAR KAYAN & CO. MEMBER OF CALCUTTA STOCK EXCHANGE AND HAD THEREBY AIDED AND ABETTED HIM IN HIS ILLEGAL ACTIVITIES
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-DEC-2003 TILL PENDING ENQUIRY
09-DEC-2003
|
|
| 9 |
|
|
SANJAY BANSAL,M/S
(Sub-Broker of ISE SECURITIES LTD., Member : NSE)
|
|
|
|
SANJAY BANSAL
|
|
ASSISTED SUNIL KUMAR KAYAN & CO. MEMBER OF CALCUTTA STOCK EXCHANGE BY ALLOWING HIM TO TRANSACT BUSINESS IN NSE IN HIS NAME
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-AUG-2003 PENDING COMPLETION OF INSPECTION
20-AUG-2003
|
|
| 10 |
|
|
SUMEET GARG,M/S
(Sub-Broker of BANSAL SHAREVEST SERVICES LTD., Member : NSE)
|
|
|
|
SUMEET GARG
|
|
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
|
SUSPENDED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006 TO 17-JUL-2008
27-JUN-2006
SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000, LEGAL EXPENSES RS.50,000 VIDE CONSENT ORDER)
31-JUL-2008~
|
SAT: IMPUGNED ORDER MODIFIED WITH NO ORDER AS TO COST AS APPELLANT AGREED TO CONSENT ORDER DATED 31/07/2008
|
| 11 |
|
|
U.S.BENGALI,M/S
(Sub-Broker of VSE SECURITIES LTD.,STOCK BROKERS~VADODARA, Member : NSE)
|
|
|
|
U.S.BENGALI
|
|
ALLOWED TERMINALS TO UNREGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
VIOLATED REGULATION 26 OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
IMPOSED PENALTY RS.1,50,000
07-JUL-2005
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.30,000 FROM RS.1,50,000
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
