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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – CONSENT ORDERS/ PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS
PERIOD COVERED : 30-OCT-2007 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.

SUB-BROKERS: FAILED TO MAINTAIN PROPER BOOKS OF ACCOUNTS/RECORDS

S.No. ENTITY DIRECTORS/ PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person 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 		 
2
History of entity/person 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 		 
3
History of entity/person MUDIT GARG,M/S  

(Sub-Broker of BANSAL SHAREVEST SERVICES LTD. , Member : NSE)
History of entity/person 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  
4
History of entity/person RAMAN RAM NIWAS,M/S  

(Sub-Broker of JSEL SECURITIES LTD. , Member : BSE)
History of entity/person RAMAN ROONGTA
  		DEFAULTED IN MAINTENANCE OF ORDER CONFIRMATION SLIP

DID NOT MAINTAIN SEGREGATION BETWEEN SUB-BROKER FUNDS AND OWN FUNDS

DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES

DEALT IN CASH WITH CLIENTS

COMMITTED IRREGULARITIES PERTAINING TO CLIENTS SECURITIES

DEFICIENCIES IN REGISTRATION FORMS

DID NOT MAINTAIN CLIENT AGREEMENTS

DID NOT FILE REQUISITE AUDITOR'S CERTIFICATE IN PRESCRIBED FORMAT TO SEBI AND TO STOCK EXCHANGE

ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE

DID NOT EXERCISE DUE CARE AND DILIGENCE  		IMPOSED PENALTY RS.5,00,000

14-SEP-2007

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

25-AUG-2008 		SAT: AGREED TO PAY RS.1,00,000 AS PER CONSENT ORDER HENCE APPLIED TO RECTIFY THE ORDER. APPEAL ACCEPTED  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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