| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 221 |
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE/BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH
ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON
ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2012
|
|
| 222 |
|
|
K.PRASAD & CO.
(Member : CSE)
|
|
|
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED INDULGENCE IN REGISTRATION OF CLIENTS WITHOUT ANY VERIFICATION OF THE ANTECEDENTS OR WITHOUT A INTRODUCER
ALLEGED INDULGENCE IN MAINTAINING UNACKNOWLEDGED (BY CLIENTS) DUPLICATE COPIES OF CONTRACT NOTES
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
16-AUG-2010
|
|
| 223 |
|
|
KAMAL KUMAR JALAN SECURITIES PVT.LTD.
(PAN:AAACK5617J)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 224 |
|
|
KANAK SHAH SHARE & STOCK BROKERS
(Member : ASE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,000, ADMINISTRATION CHARGES RS.10,000 VIDE CONSENT ORDER)
27-APR-2009
|
|
| 225 |
|
|
KAYAN SECURITIES PVT.LTD.
(PAN:AABCK3359A)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 226 |
|
|
KEDAR NATH AGRAWAL
|
|
|
|
KEDAR NATH AGRAWAL,M/S
(Member : NSE)
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN EVASION OF MARGIN MONEY
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-2009 TO 27-DEC-2009
18-NOV-2009
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.32,00,000, LEGAL EXPENSES RS.1,50,000 VIDE CONSENT ORDER)
24-SEP-2010
|
SAT: IMPUGNED ORDER DATED 18/11/2009 SET ASIDE AS APPELLANT HAS PAID RS.32,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,50,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER
|
| 227 |
|
|
KEDAR NATH AGRAWAL,M/S
(Member : NSE)
|
|
|
|
KEDAR NATH AGRAWAL
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN EVASION OF MARGIN MONEY
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 08-DEC-2009 TO 27-DEC-2009
18-NOV-2009
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.32,00,000, LEGAL EXPENSES RS.1,50,000 VIDE CONSENT ORDER)
24-SEP-2010
|
SAT: IMPUGNED ORDER DATED 18/11/2009 SET ASIDE AS APPELLANT HAS PAID RS.32,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,50,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER
|
| 228 |
|
|
KESHAV KUMAR
|
|
|
|
VRIDDHI ENTERPRISES
(Member : LSE)
|
|
ALLEGED FAILURE TO PAY FEES TO SEBI
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,000 VIDE CONSENT ORDER)
03-FEB-2009
|
|
| 229 |
|
|
KETAN SHAH & CO.
(Member : VSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF VISION ORGANICS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
22-JUN-2009
|
|
| 230 |
|
|
KEYNOTE CAPITALS LTD.
(CIN:U67120MH1995PLC088172
PAN:AAACK2618R)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN REVERSAL OF TRADE TRANSACTIONS AND PRICE MANIPULATION IN SCRIP OF COROMANDAL FERTILIZERS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,00,000 VIDE CONSENT ORDER)
16-FEB-2009
|
|
| 231 |
|
|
KEYNOTE CAPITALS LTD.
(CIN:U67120MH1995PLC088172
PAN:AAACK2618R)
(Member : BSE/NSE)
|
|
|
ALLEGED ACCEPTANCE OF THIRD PARTY CHEQUE TOWARDS BROKERAGE VIOLATING SEBI CIRCULAR NO. SEBI/MRD/SE/CIR-33/2003/27/08 DATED 27/08/2003
ALLEGED FAILURE IN SETTLEMENT OF CROSS DEAL ON T+2 BASIS VIOLATING SEBI CIRCULAR NO. SMD/POLICY/CIR-06/03 DATED 06/02/2003
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
16-FEB-2017
|
|
| 232 |
|
|
KEYNOTE CAPITALS LTD.
(CIN:U67120MH1995PLC088172
PAN:AAACK2618R)
(Member : BSE)
|
|
|
ASSISTED, AIDED AND ABETTED BOTH SCIMITAR AND RATHI IN CORNERING THE SHARES OF DAGGER FORST TOOLS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-JAN-2007 TO 25-FEB-2007
05-JAN-2007
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.13,00,000, LEGAL EXPENSES RS.50,000 VIDE CONSENT ORDER)
04-JAN-2010
|
SAT: ORDER DATE 05/01/2007 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.13,50,000 TOWARDS SETTLEMENT AND LEGAL EXPENSES, AS PER CONSENT ORDER
|
| 233 |
|
|
KEYNOTE CAPITALS LTD.
(CIN:U67120MH1995PLC088172
PAN:AAACK2618R)
(Member : BSE)
|
|
|
|
SURAJ SARAGI
|
|
INDULGED IN SYNCHRONIZED TRANSACTIONS WITH KP ENTITIES IN SCRIP OF HIMACHAL FUTURISTICS COMMUNICATIONS LTD. AND ADANI EXPORTS LTD. (NOW KNOWN AS ADANI ENTERPRISES LTD.)
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUL-2008 TO 30-JUL-2008
09-JUL-2008
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000, LEGAL EXPENSES RS.92,500 VIDE CONSENT ORDER)
15-OCT-2009
|
SAT: APPLICANT AGREED TO PAY RS.3,92,500 TOWARDS SETTLEMENT CHARGES INCLUDING LEGAL CHARGES, AS PER CONSENT ORDER
|
| 234 |
|
|
KHANDWALA FINSTOCK PVT.LTD.
(Member : ASE)
|
|
|
|
VIMAL P.KHANDWALA
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-FEB-2009 TO 10-FEB-2009
14-JAN-2009
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000, LEGAL EXPENSES RS.50,000 VIDE CONSENT ORDER)
07-JAN-2010
|
SAT: ORDER DATED 14/01/2009 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,50,000 TOWARDS SETTLEMENT AND LEGAL CHARGES, AS PER CONSENT ORDER
|
| 235 |
|
|
KHANDWALA INTEGRATED FINANCIAL SERVICES PVT.LTD.
(Member : NSE)
|
|
|
INDULGED IN NON-GENUINE, SYNCHRONIZED AND FICTITIOUS TRANSACTIONS IN F&O SEGMENT
|
CEASE AND DESIST FROM INDULGING IN FUTURES & OPTIONS CONTRACTS FROM 18-JUN-2007 TILL FURTHER ORDERS
18-JUN-2007
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
07-OCT-2008
|
AD INTERIM EX-PARTE CEASE AND DESIST ORDER DATED 18/06/2007 DISPOSED OFF. AS APPLICANT AGREED TO PAY RS.5,00,000 AS PER CONSENT ORDER DATED 07/10/2008
|
| 236 |
|
|
KHANDWALA SECURITIES LTD.
(PAN:AAACK2214P)
(Member : BSE/NSE)
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS VIOLATING REGULATIONS 4(B) (C) AND (D) OF SEBI (PFUTP) REGULATIONS, 2003 IN SCRIP OF DSQ SOFTWARE LTD.
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES VIOLATING REGULATION 7 READ WITH CLAUSES A(2) TO A(4) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF DSQ SOFTWARE LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,00,000 VIDE CONSENT ORDER)
15-SEP-2009
|
|
| 237 |
|
|
KMS STOCK BROKING CO.PVT.LTD.
(PAN:AABCK6900B)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL VOLUME THROUGH REVERSAL OF TRADE TRANSACTIONS IN ILLIQUID STOCK OPTIONS AT BSE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.6,00,000 VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 238 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Member : BSE/NSE)
|
|
|
|
NARAYAN S.A.
|
|
DID NOT MAINTAIN CLIENT DATABASE
FAILED TO OBTAIN WITNESS SIGNATURES
DID NOT SUBMIT COPY OF RECEIPT OF BANK STATEMENTS
DID NOT SUBMIT COPY OF BANK PASSBOOK FROM ANY OF THE CLIENTS ALONG WITH CLIENT REGISTRATION FORM
DID NOT COLLECT UPFRONT MARGINS
DID NOT EXERCISE DUE CARE AND DILIGENCE
OBTAINED PROOF OF IDENTITY OF ONLY DESIGNATED DIRECTORS/PARTNERS OF CORPORATE/PARTNERSHIP CLIENTS AND NOT OF PROMOTERS/KEY MANAGEMENT PERSONNEL
|
IMPOSED PENALTY RS.10,00,000
18-DEC-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.4,00,000 VIDE CONSENT ORDER)
30-JUN-2009
|
SAT: ORDER DATED 18/12/2006 DISPOSSED OFF AS APPLICANT AGREED TO PAY RS.10,00,000 TOWARDS SETTLEMENT CHARGES AND RS.4,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 239 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Member : OTC)
|
|
|
|
NARAYAN S.A.
|
|
DID NOT MAINTAIN CLIENT DATABASE
FAILED TO OBTAIN WITNESS SIGNATURES
DID NOT SUBMIT COPY OF RECEIPT OF BANK STATEMENTS
DID NOT SUBMIT COPY OF BANK PASSBOOK FROM ANY OF THE CLIENTS ALONG WITH CLIENT REGISTRATION FORM
DID NOT COLLECT UPFRONT MARGINS
DID NOT EXERCISE DUE CARE AND DILIGENCE
OBTAINED PROOF OF IDENTITY OF ONLY DESIGNATED DIRECTORS/PARTNERS OF CORPORATE/PARTNERSHIP CLIENTS AND NOT OF PROMOTERS/KEY MANAGEMENT PERSONNEL
|
IMPOSED PENALTY RS.10,00,000
18-DEC-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,00,000, LEGAL EXPENSES RS.4,00,000 VIDE CONSENT ORDER)
30-JUN-2009
|
SAT: ORDER DATED 18/12/2006 DISPOSSED OFF AS APPLICANT AGREED TO PAY RS.14,00,000 TOWARDS SETTLEMENT CHARGES AND RS.4,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER
|
| 240 |
|
|
KOTAK SECURITIES LTD.
(PAN:AAACK3436F)
(Member : NSE/BSE/OTC)
|
|
|
ALLEGED NON-EXERCISE OF DUE SKILL, CARE & DILIGENCE, DID NOT ADHERE TO STATUTORY REQUIREMENTS AND PROVIDING INVESTMENT ADVICE VIOLATING REGULATION 7 READ WITH CLAUSES A(2),A(5) AND B(7) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF KOTAK SECURITIES LTD.
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS VIOLATING REGULATIONS 2(C)(5),4(1) AND 4(2) OF SEBI (PFUTP) REGULATIONS, 2003 IN SCRIP OF KOTAK SECURITIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)
07-OCT-2009
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 12 of 27
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