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SOURCE OF INFORMATION : FORWARD MARKETS COMMISSION WEBSITE
PERIOD COVERED : 23-JUL-2011 TO 21-NOV-2024

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.

PERSONS: INDULGED IN DISCOUNTING OF CHEQUE (PROVIDED CASH AND ACCEPTED CHEQUE FROM NON BANKING CHANNELS)

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person HEMAL JAYANTILAL THAKKAR  
  DID NOT MAINTAIN BOOKS OF ACCOUNTS PROPERLY

USED CLIENT FUND FOR OWN PURPOSES

INDULGED IN UNAUTHORIZED TRANSFER OF FUNDS FROM ONE CLIENT TO ANOTHER CLIENT

RECEIVED MARGIN MONEY IN CASH FROM CLIENTS AND USED FOR DIRECTORS’ OWN BUSINESS ACTIVITY / CASH DEALING

TRANSFERRED PROFIT FROM ONE ACCOUNT TO VARIOUS ACCOUNTS

TRADED FOR CLIENT NOT REGISTERED AT EXCHANGE LEVEL

ENGAGED OR CARRIED OUT PORTFOLIO MANAGEMENT SERVICES

DID NOT MAINTAIN NETWORTH PRESCRIBED BY EXCHANGE FOR A MEMBER

SHARES BROKERAGE WITH A PERSON WHO WAS NOT AN APPROVED

TRANSFERRED SHARES OF WHOLLY OWNED SUBSIDIARY MEMBER TO OTHERS ENTITY

INDULGED IN MONEY LAUNDERING ACTIVITY

DEALT WITH PERSON WHO WAS FORBIDDEN TO DO BUSINESS BY MEMBER

INDULGED IN DISCOUNTING OF CHEQUE (PROVIDED CASH AND ACCEPTED CHEQUE FROM NON BANKING CHANNELS)

DEALT WITH UNREGISTERED INTERMEDIARIES

TRANSFERRED TRADES FROM ONE CLIENT TO ANOTHER CLIENT IN BACK OFFICE NOT ON EXCHANGE PLATFORM  		RESTRAINED FROM ENTERING INTO ANY FORWARD CONTRACTS FOR SALE OR PURCHASE IN OWN NAME OR ANY OTHER MEMBER OF ANY RECOGNIZED COMMODITY EXCHANGE OF GOODS OR CLASS OF GOODS FROM 26-JUL-2011 TO 25-JUL-2013

DIRECTED TO REVIEW NOC GRANTED FOR SETTING UP A WHOLLY OWNED SUBSIDIARY ABROAD

26-JUL-2011 		 
2
History of entity/person SUNIL S.MIRPURI  
History of entity/person RANK COMMODITIES PVT.LTD.
  		DID NOT MAINTAIN BOOKS OF ACCOUNTS PROPERLY

USED CLIENT FUND FOR OWN PURPOSES

INDULGED IN UNAUTHORIZED TRANSFER OF FUNDS FROM ONE CLIENT TO ANOTHER CLIENT

RECEIVED MARGIN MONEY IN CASH FROM CLIENTS AND USED FOR DIRECTORS’ OWN BUSINESS ACTIVITY / CASH DEALING

TRANSFERRED PROFIT FROM ONE ACCOUNT TO VARIOUS ACCOUNTS

TRADED FOR CLIENT NOT REGISTERED AT EXCHANGE LEVEL

ENGAGED OR CARRIED OUT PORTFOLIO MANAGEMENT SERVICES

DID NOT MAINTAIN NETWORTH PRESCRIBED BY EXCHANGE FOR A MEMBER

SHARES BROKERAGE WITH A PERSON WHO WAS NOT AN APPROVED

TRANSFERRED SHARES OF WHOLLY OWNED SUBSIDIARY MEMBER TO OTHERS ENTITY

INDULGED IN MONEY LAUNDERING ACTIVITY

DEALT WITH PERSON WHO WAS FORBIDDEN TO DO BUSINESS BY MEMBER

INDULGED IN DISCOUNTING OF CHEQUE (PROVIDED CASH AND ACCEPTED CHEQUE FROM NON BANKING CHANNELS)

DEALT WITH UNREGISTERED INTERMEDIARIES

TRANSFERRED TRADES FROM ONE CLIENT TO ANOTHER CLIENT IN BACK OFFICE NOT ON EXCHANGE PLATFORM  		RESTRAINED FROM ENTERING INTO ANY FORWARD CONTRACTS FOR SALE OR PURCHASE IN OWN NAME OR ANY OTHER MEMBER OF ANY RECOGNIZED COMMODITY EXCHANGE OF GOODS OR CLASS OF GOODS FROM 26-JUL-2011 TO 25-JUL-2013

DIRECTED TO REVIEW NOC GRANTED FOR SETTING UP A WHOLLY OWNED SUBSIDIARY ABROAD

26-JUL-2011 		 
3
History of entity/person VINOD SANGHVI  
History of entity/person VINOD COMMODITIES LTD.
  		SUBVERTED DIRECTIONS OF COMMISSION REGARDING COLLECTION OF MARGIN ISSUED VIDE LETTER NO.07/1/2009-MKT-1 DATED 02/06/2011

TRANSFERRED FUND FROM CLIENTS ACCOUNTS TO NON CLIENTS ACCOUNTS

FUNDED CLIENT’S MTM REQUIREMENTS AND ALLOWED MEMBERS TO TRADE WITHOUT MARGIN  		PROHIBITED FROM ENTERING ANY FORWARD CONTRACT FOR SALE OR PURCHASE IN OWN NAME OR THROUGH ANOTHER MEMBER OF RECOGNISED ASSOCIATION OF ANY GOODS OR CLASS OF GOODS FROM 20-JAN-2012

20-JAN-2012 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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