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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.

NSDL DEPOSITORY PARTICIPANTS: MANIPULATED MARKET AND/OR INDULGED IN UNFAIR TRADE PRACTICES

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person ACTION FINANCIAL SERVICES (INDIA) LTD.   (Depository Participant : NSDL)
  ALLEGED INDULGENCE IN MANIPULATIVE TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)

10-NOV-2009
2 
History of entity/person INDSEC SECURITIES & FINANCE LTD.   (Depository Participant : NSDL)
  INDULGED IN PRICE MANIPULATION IN SCRIP OF GLOBAL TRUST BANK LTD.

INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF GLOBAL TRUST BANK LTD.

PARKED SHARES TO CIRCUMVENT SEBI TAKEOVER CODE, 1997  		DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 31-DEC-2002 TILL INVESTIGATION COMPLETED

31-DEC-2002 		ORDER DATED 31/12/2002 FOUND SUPRA HENCE PENALTY REDUCED TO WARNING - “WARNED TO BE MORE CAREFUL IN FUTURE WHILE UNDERTAKING TRANSACTIONS IN SECURITIES ON BEHALF OF THEIR CLIENTS” SINCE APPLICANT VIOLATED ONLY SEBI CODE OF CONDUCT FOR STOCK BROKERS

SAT: IMPUGNED ORDER DATED 10/09/2004 FOUND UNSUSTAINABLE HENCE SET ASIDE. APPEAL ALLOWED. NO ORDER AS TO COSTS
3 
History of entity/person MAHESHWARI TECHNICAL & FINANCIAL SERVICES LTD.   (Depository Participant : NSDL)
  DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH CROSS, STRUCTURED AND SYNCHRONIZED DEALS IN SCRIP OF SHAMKEN MULTIFAB LTD.

ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHAMKEN MULTIFAB LTD.  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)

12-AUG-2010
4 
History of entity/person VENTURA SECURITIES LTD.   (Depository Participant : NSDL)
  ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF JAGSONPAL PHARMACEUTICALS LTD.  REACHED SETTLEMENT (SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)

29-DEC-2008
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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