| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AISHWARYA AVENUES PVT.LTD.
(PAN:AAECA1109R)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
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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
|
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| 2 |
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|
AISHWARYA AVENUES PVT.LTD.
(PAN:AAECA1109R)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
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DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 15 READ WITH CLAUSES A(2) OF CODE OF CONDUCT SPECIFIED UNDER SCHEDULE II READ WITH REGULATION 15 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ANUKARAN COMMERCIAL ENTERPRISES LTD.
|
IMPOSED PENALTY RS.1,00,000
10-MAR-2021
|
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| 3 |
|
|
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
|
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| 4 |
|
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AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
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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
|
| 5 |
|
|
AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE WHILE DEALING ON BEHALF OF ITS CLIENTS IN SCRIP OF MONALISA INFOTECH LTD.
|
IMPOSED PENALTY RS.10,000
25-FEB-2011
|
INCLUDED IN SEBI LIST DATED 31/12/2017, 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
|
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| 7 |
|
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AMRUT SECURITIES LTD.
(PAN:AABCA8006G)
(Sub-Broker of GALAXY BROKING LTD., Member : BSE)
|
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|
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
|
| 8 |
|
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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
|
| 9 |
|
|
ANIL DUSAD,M/S
(PAN:ABXPD6340C)
(Sub-Broker of JSEL SEURITIES LTD., Member : BSE)
|
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ANIL DUSAD
PAN:ABXPD6340C
|
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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
|
|
| 10 |
|
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AQUARIAN SHARE BROKING CO.PVT.LTD.
(PAN:AAECA8996L)
(Sub-Broker of SVS SECURITIES PVT.LTD., Member : BSE)
|
|
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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
|
|
| 11 |
|
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ARAVINDAN UNNITHAN,M/S
(PAN:AAVPU0267C)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
|
|
|
ARAVINDAN UNNITHAN
PAN:AAVPU0267C
|
|
TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
28-FEB-2019
|
|
| 12 |
|
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ARIHANT INVESTMENT
(Sub-Broker of ANAND RATHI SHARE & STOCK BROKERS LTD., Member : NSE)
|
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BHADRESH SANGHVI
PAN:AXDPS8704K
|
|
DID NOT ADHERE TO SUMMONS ISSUED FOR FURNISHING OF INFORMATION
ENGAGED IN ILLEGAL TRADING VIOLATING SECTION 19 (1) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
ISSUED CONTRACT NOTES IN DIFFERENT FORMAT FROM THAT PRESCRIBED BY EXCHANGE VIOLATING REGULATION 7 READ WITH CLAUSES B(2) READ WITH REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 AND SEBI CIRCULARS NO.MIRSD/DPS-1/CIR-31/2004 DATED 26/08/2004 AND SMD(B)/104/22775/93 DATED 29/10/1993
DISPLAYED MISLEADING BOARD AND NOT DISPLAYED REGISTRATION CERTIFICATE VIOLATING NSE CIRCULAR NO.NSE/MEM/1591 DATED 20/04/2000
OPERATED IML TERMINAL WITHOUT REQUIRED CERTIFICATION VIOLATING BSE NOTICE NO.20070522-25 DATED 22/05/2007 AND 20071024-28 DATED 24/10/2007
DEALT WITH ANOTHER STOCK BROKER FOR OWN TRADE VIOLATING CIRCULAR NO.SEBI/MIRSD/CIR-06/2004 AND REGULATION 2.1.12(A) OF CAPITAL MARKET SEGMENT OF NSE
DID NOT ABIDE BY RULES, REGULATIONS AND BYELAWS OF STOCK EXCHANGE VIOLATING REGULATION 12A (1) (A) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 21-DEC-2009 TILL FURTHER ORDERS
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 21-DEC-2009 TILL FURTHER ORDERS
DIRECTED NSDL AND CDSL NOT TO GIVE EFFECT TO ANY DEBIT INSTRUCTION IN DEMAT ACCOUNTS OF SUB BROKER OR OF ANY BENEFICIAL OWNER ON AUTHORITY OF POWER OF ATTORNEY
21-DEC-2009
|
DIRECTIONS ISSUED VIDE AD-INTERIM EX-PARTE ORDER DATED 21/12/2009 CONFIRMED VIDE ORDER DATED 30/08/2010
|
| 13 |
|
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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
|
|
| 14 |
|
|
ARIHANT STOCKS & SHARES
(Sub-Broker of PADMAKANT DEVIDAS SECURITIES LTD., Member : BSE)
|
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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
|
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| 15 |
|
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BABU JOSEPH,M/S
(PAN:ABIPJ7184P)
(Sub-Broker of INDITRADE CAPITAL LTD., Member : NSE)
|
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BABU JOSEPH
PAN:ABIPJ7184P
|
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TRADED ON BEHALF OF CLIENTS IN F&O SEGMENT WITHOUT APPROVAL OF AUTHORISED PERON VIOLATING CLAUSE D(C) (IV) OF CONSOLIDATED NSE CIRCULAR 001/2013 DATED 13/02/2013 IN MATTER OF INDITRADE CAPITAL LTD.
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 15 READ WITH CLAUSES A(1) AND D(1) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB-BROKER) REGULATIONS, 1992 IN MATTER OF INDITRADE CAPITAL LTD.
|
IMPOSED PENALTY RS.50,000
18-JAN-2019
|
|
| 16 |
|
|
BANG SECURITIES PVT.LTD.
(PAN:AAACB2269D)
(Sub-Broker of BANG EQUITY BROKING PVT.LTD., Member : BSE, NIRMAL BANG SECURITIES PVT.LTD., Member : BSE)
|
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DILIP M.BANG
|
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KISHORE M.BANG
|
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NIRMAL BANG
|
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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
|
| 17 |
|
|
BHAGWATI PRASAD LOHIYA,M/S
(Sub-Broker of SMC GLOBAL SECURITIES LTD., Member : BSE)
|
|
|
|
BHAGWATI PRASAD LOHIYA
PAN:ABBPL2356E
|
|
DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE IN CONDUCT OF BUSINESS VIOLATING REGULATION 7 READ WITH CLAUSE A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.50,000
29-JUL-2011
|
|
| 18 |
|
|
BRIJWASI SECURITIES PVT.LTD.
(Sub-Broker of A.K.EQUITIES PVT.LTD., Member : BSE, V.J.FINSECURITIES PVT.LTD., Member : BSE, ORACLE SECURITIES PVT.LTD., Member : BSE, ORACLE STOCKS & SHARES LTD., Member : NSE)
|
|
|
DID NOT EXERCISE DUE SKILL CARE & DILIGENCE AS PER CLAUSE A (2) OF CODE OF CONDUCT AS SPECIFIED IN SCHEDULE II UNDER REGULATION 15 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF AUROBINDO PHARMA LTD.
|
IMPOSED PENALTY RS.50,000
27-AUG-2009
|
|
| 19 |
|
|
BULLS INC.
(Sub-Broker of JOINDRE CAPITAL SERVICES LTD., Member : NSE, DANI SHARES & STOCKS PVT.LTD., Member : BSE)
|
|
|
|
PRAKASH
|
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DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A (2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ATN INTERNATIONAL LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
26-OCT-2010
|
|
| 20 |
|
|
CORBETT RIPE SECURITIES
(Sub-Broker of ANAGRAM STOCKBROKING LTD., Member : BSE)
|
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|
|
RIPENDRA MEHTA
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS AND DID NOT EXERCISE 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
DID NOT EXECUTE TRIPARTITE AGREEMENT WITH CLIENT VIOLATING REGULATION 15 READ WITH CLAUSE C (4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 10-SEP-2014
20-AUG-2014
|
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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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