| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ADITYA SECURITIES
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED SUBMISSION OF FALSE INFORMATION TO INSPECTION OFFICIALS
ALLEGED EXTENDING MARGIN FACILITY TO CLIENTS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
04-DEC-2007
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
BALKRISHNA MAHESHWARI SHARE BROKERS PVT.LTD.
(Sub-Broker of
MPSE SECURITIES LTD.
, Member : BSE)
|
|
|
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
31-MAR-2010
|
|
| 4 |
|
|
BHAVESH R.MEHTA,M/S
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : BSE)
|
|
|
|
BHAVESH R.MEHTA
|
|
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED DEALING AS AN UNREGISTERED INTERMEDIARY ON F&O SEGMENT
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2010
|
|
| 5 |
|
|
BHAVESH R.MEHTA,M/S
(Sub-Broker of
SKSE SECURITIES LTD.
, Member : NSE)
|
|
|
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED DEALING AS AN UNREGISTERED INTERMEDIARY ON F&O SEGMENT
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2010
|
|
| 6 |
|
|
BHAVESH R.MEHTA,M/S
(Sub-Broker of
SHREE NAVKAR INVESTMENTS
, Member : NSE)
|
|
|
|
BHAVESH R.MEHTA
|
|
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS
ALLEGED DEALING AS AN UNREGISTERED INTERMEDIARY ON F&O SEGMENT
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2010
|
|
| 7 |
|
|
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
|
|
| 8 |
|
|
BONAFIDE STOCK & CAPITAL PVT.LTD.
(Sub-Broker of
ASE CAPITAL MARKETS LTD.
, Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED DISCREPANCIES IN MAINTAINING ORDER BOOKS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
30-OCT-2009
|
|
| 9 |
|
|
BONAFIDE STOCK & CAPITAL PVT.LTD.
(Sub-Broker of
ASE CAPITAL MARKETS LTD.
, Member : NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED DISCREPANCIES IN MAINTAINING ORDER BOOKS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
30-OCT-2009
|
|
| 10 |
|
|
CLASSIC FINANCE
(Sub-Broker of
M.P.VORA SHARES & SECURITIES PVT.LTD.
, Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
13-JAN-2010
|
|
| 11 |
|
|
FRONTLINE CAPITAL SERVICES LTD.
(Sub-Broker of
IKM INVESTOR SERVICES LTD.
, Member : BSE)
|
|
|
ALLEGED INVOLVEMENT IN CREATION OF ARTIFICIAL MARKET IN SCRIPS OF FLEX INDUSTRIES LTD.,FLEX ENGINEERING LTD. AND FCL TECHNOLOGIES & PRODUCTS LTD. ON BEHALF OF CLIENTS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.8,00,000 VIDE CONSENT ORDER)
04-JAN-2008
|
|
| 12 |
|
|
INFINITY.COM STOCK BROKING PVT.LTD.
(Sub-Broker of
ANAGRAM SECURITIES LTD.
, Member : NSE)
|
|
|
ALLEGED INDULGENCE IN PRICE MANIPULATION IN SCRIP OF GREENFIELD TRADING & FINANCE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-NOV-2008 TO 27-NOV-2009 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 13 |
|
|
INFINITY.COM STOCK BROKING PVT.LTD.
(Sub-Broker of
ANAGRAM SECURITIES LTD.
, Member : ASE)
|
|
|
ALLEGED INDULGENCE IN PRICE MANIPULATION IN SCRIP OF GREENFIELD TRADING & FINANCE LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 28-NOV-2008 TO 27-NOV-2009 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 14 |
|
|
KANKESHWARI SECURITIES
(Sub-Broker of
ACTION FINANCIAL SERVICES (INDIA) LTD.
, Member : BSE)
|
|
|
|
NIMESH CHITALIA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF SHUKUN CONSTRUCTION LTD.
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
AIDED AND ABETTED CLIENTS IN EXECUTING SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF SHUKUN CONSTRUCTIONS LTD.
|
IMPOSED PENALTY RS.3,00,000 ALONG WITH OTHER ENTITIES/PERSONS
25-MAY-2009
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,00,000, LEGAL EXPENSES RS.32,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
05-JAN-2010
|
SAT: ORDER DATED 25/05/2009 DISPOSED OFF. AS APPLICANT AGREED TO PAY RS.3,00,000 TOWARDS AO PENALTY AND RS.32,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 15 |
|
|
KANKESHWARI SECURITIES PVT.LTD.
|
|
|
ALLEGED INDULGENCE IN MARKET MANIPULATION THROUGH CIRCULAR TRANSACTIONS AND STRUCTURED DEALS IN SCRIP OF MALVICA ENGINEERING LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE IN CONDUCT OF HIS BUSINESS IN MATTER OF MALVICA ENGINEERING LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
03-AUG-2010
|
|
| 16 |
|
|
MUDIT GARG,M/S
(Sub-Broker of
BANSAL SHAREVEST SERVICES LTD.
, Member : NSE)
|
|
|
|
MUDIT GARG
|
|
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT FURNISH REQUISITE INFORMATION TO SEBI IN TIME
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
|
CANCELLED REGISTRATION AS SUB-BROKER FROM 18-JUL-2006
27-JUN-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.7,00,000, 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
|
| 17 |
|
|
PARMATAMA INVESTMENTS PVT.LTD.
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN SCRIP OF JINDAL STEEL & POWER LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
09-MAR-2010
|
|
| 18 |
|
|
PINNACLE FINSTOCK PVT.LTD.
|
|
|
ALLEGED VIOLATION OF SEBI (PFUTP) REGULATIONS, 1995 IN MATTER OF DESIGN AUTO SYSTEMS LTD.
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.50,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 20-NOV-2009 TO 19-NOV-2010 VIDE CONSENT ORDER)
18-NOV-2009
|
|
| 19 |
|
|
PRASHANT KHALPADA,M/S
|
|
|
|
PRASHANT KHALPADA
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ATUL AUTO LTD.
ALLEGED FAILURE IN MAINTAINING INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),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 ATUL AUTO LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
14-SEP-2010
|
|
| 20 |
|
|
PRASHANT KHALPADA,M/S
|
|
|
|
PRASHANT KHALPADA
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ATUL AUTO LTD.
ALLEGED FAILURE IN MAINTAINING INTEGRITY, PROMPTITUDE & FAIRNESS AND INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(1),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 ATUL AUTO LTD.
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
14-SEP-2010
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 1 of 2
|
