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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
PERIOD COVERED : 01-JAN-1997 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.

STOCK BROKERS: VIOLATED SEBI REGULATION REGARDING DEMATERIALISATION/DEPOSITORY PARTICIPANTS

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.  

(Member : BSE)
  DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DEFICIENCIES IN CLIENT DATABASE

VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS

ILLEGALLY CHARGED CUSTODY CHARGES FROM CLIENTS

DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY  		IMPOSED PENALTY RS.1,00,000

04-MAY-2009
2 
History of entity/person ANAND RATHI SHARE & STOCK BROKERS LTD.  

(Member : NSE)
  DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES

DEFICIENCIES IN CLIENT DATABASE

VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS

ILLEGALLY CHARGED CUSTODY CHARGES FROM CLIENTS

DIRECTOR OF STOCK BROKING FIRM ACTED AS SUB BROKER OF HIS OWN FIRM THROUGH HIS CORPORATE ENTITY  		IMPOSED PENALTY RS.1,00,000

04-MAY-2009
3 
History of entity/person HSE SECURITIES LTD.  

(Member : BSE)
  ALLEGED FAILURE IN REDRESSAL OF INVESTOR GRIEVANCE

ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS

ALLEGED REJECTION OF DEMAT REQUEST OF INVESTORS  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.5,000 VIDE CONSENT ORDER)

02-MAR-2009
4 
History of entity/person HSE SECURITIES LTD.  

(Member : NSE)
  ALLEGED FAILURE IN REDRESSAL OF INVESTOR GRIEVANCE

ALLEGED FAILURE IN TRANSFER OF SECURITIES TO INVESTORS

ALLEGED REJECTION OF DEMAT REQUEST OF INVESTORS  		REACHED SETTLEMENT (SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.5,000 VIDE CONSENT ORDER)

02-MAR-2009
5 
History of entity/person MANSUKH SECURITIES & FINANCE LTD.  

(Member : NSE)
  CONSIDERABLE DELAY IN DEMATERIALIZATION OF SHARES HELD BY PUBLIC SHAREHOLDERS

OPENED BENEFICIARY ACCOUNTS IMPROPERLY IN VIOLATION OF SEBI DIRECTIVES/INSTRUCTIONS/GUIDELINES

DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS

DID NOT VERIFY SIGNATURES PROPERLY AT THE TIME OF RELEASING SECURITIES FROM ACCOUNTS  		IMPOSED PENALTY RS.8,00,000

17-JUN-2009 		SAT: ORDER DATED 17/06/2009 MODIFIED BY REDUCING PENALTY AMOUNT TO RS.4,00,000 FROM RS.8,00,000
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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