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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 : 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.

SUB-BROKERS: EVADED CARRY FORWARD MARGIN/MARGIN MONEY

S.No. ENTITY DIRECTORS/ PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person JAGDAMBAY SHARE BROKERS  

(Sub-Broker of LSE SECURITIES LTD. , Member : NSE)
  DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

INDULGED IN EVASION OF MARGIN MONEY

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

DEALT IN CASH WITH CLIENTS  		WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET

25-JUN-2009 		 
2
History of entity/person KASTHURIRANGAN & CO.  

(Sub-Broker of MSE FINANCIAL SERVICES LTD. , Member : BSE)
  DEALT WITH UN-REGISTERED SUB-BROKERS

INDULGED IN OFF-THE-FLOOR TRANSACTIONS

DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK

DID NOT COLLECT MARGINS FROM CLIENTS

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT MAINTAIN CLIENT REGISTRATION FORMS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS

EXECUTED MATCHING TRANSACTIONS

INDULGED IN EVASION OF MARGIN MONEY

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI

DID NOT EXERCISE DUE SKILL AND DILIGENCE  		IMPOSED PENALTY RS.1,00,000

02-NOV-2004 		SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.25,000 FROM RS.1,00,000  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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