| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 301 |
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL AND CARE OF CODE OF CONDUCT AS STOCK BROKER BY NOT KEEPING EVIDENCE OF ORDER INSTRUCTIONS OF CLIENTS IN MATTER OF FRONT RUNNING OF THE TRADES OF BIG CLIENT BY CHATURVEDI GROUP
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.34,85,000 VIDE CONSENT ORDER)
18-SEP-2025
|
|
| 302 |
|
|
MOTISONS SHARES PVT.LTD.
(PAN:AAECM3530C)
(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
|
|
| 303 |
|
|
MOUSUMI DEB ROY
(PAN:AWLPR6540D)
|
|
|
|
MOUSUMI DEB ROY,M/S
PAN:AWLPR6540D
(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 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 304 |
|
|
MOUSUMI DEB ROY,M/S
(PAN:AWLPR6540D)
(Member : BSE)
|
|
|
|
MOUSUMI DEB ROY
PAN:AWLPR6540D
|
|
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 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
14-MAR-2023
|
|
| 305 |
|
|
MPSE SECURITIES LTD.
(PAN:AADCM6438L)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
ALLEGED FAILURE IN ENTERING INTO AGREEMENT WITH CLIENT AS REQUIRED UNDER CLAUSE D (2) OF CODE OF CONDUCT FOR BROKERS AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED NON MAINTENANCE OF AGREEMENT AS REQUIRED UNDER CLAUSE 1(N) OF REGULATION 17 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
ALLEGED DEFAULT IN MAINTAINING TRIPARTILE AGREEMENT BETWEEN BROKER-SUB BROKER AND CLIENTS AS REQUIRED VIDE SEBI CIRCULAR NO.SEBI/MRD/DOPS/CIR-11/2005 DATED 12/05/2005
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
15-JUN-2009
|
|
| 306 |
|
|
MSB E-TRADE SECURITIES LTD.
(PAN:AAACB2837M)
(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
|
|
| 307 |
|
|
MUKESH DOSHI
|
|
|
|
SAURASHTRA CAPITAL SERVICES PVT.LTD.
PAN:AABCS7785A
(Member : BSE)
|
|
|
SAURASHTRA CAPITAL SERVICES PVT.LTD.
PAN:AABCS7785A
(Member : NSE)
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF MAZDA FABRICS PROCESSORS LTD.
AIDED AND ABETTED CLIENTS IN CREATING MISLEADING APPEARANCE OF TRADING IN SCRIP OF MAZDA FABRICS & PROCESSORS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-MAY-2007 TO 20-JUL-2007
30-APR-2007
|
|
| 308 |
|
|
MUKESH DOSHI
|
|
|
|
SAURASHTRA CAPITAL SERVICES PVT.LTD.
PAN:AABCS7785A
(Member : BSE)
|
|
|
SAURASHTRA CAPITAL SERVICES PVT.LTD.
PAN:AABCS7785A
(Member : NSE)
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE WHILE DEALING WITH HIS CLIENTS IN SCRIP OF MAZDA FABRICS PROCESSORS LTD.
AIDED AND ABETTED CLIENTS IN CREATING MISLEADING APPEARANCE OF TRADING IN SCRIP OF MAZDA FABRICS & PROCESSORS LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-MAY-2007 TO 20-JUL-2007
30-APR-2007
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
12-NOV-2007
|
SAT: ORDER DATED 30/04/2007 SET ASIDE AS APPLICANT AGREED TO PAY RS.5,00,000 AS PER CONSENT ORDER.
|
| 309 |
|
|
MULTIGAIN SECURITIES SERVICES PVT.LTD.
(PAN:AAFCM6197E)
(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
|
|
| 310 |
|
|
NAKAMICHI SECURITIES LTD.
(PAN:AABCN0733D)
(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
|
|
| 311 |
|
|
NAMAN SECURITIES & FINANCE PVT.LTD.
(PAN:AAACN1917G)
(Member : NSE/BSE)
|
|
|
ALLEGED INDULGENCE IN INDIRECT FUND-BASED ACTIVITIES
ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH MANIPULATIVE TRADES IN SCRIP OF MIRC ELETRONICS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 312 |
|
|
NAMAN SECURITIES & FINANCE PVT.LTD.
(PAN:AAACN1917G)
(Member : NSE/BSE)
|
|
|
ALLEGED INDULGENCE IN INDIRECT FUND-BASED ACTIVITIES
ALLEGED INDULGENCE IN MARKET MANIPULATION AND PRICE MANIPULATION THROUGH MANIPULATIVE TRADES IN SCRIP OF PRUDENTIAL PHARMACEUTICALS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.30,00,000 VIDE CONSENT ORDER)
12-AUG-2010
|
|
| 313 |
|
|
NARAYAN CAPITAL SERVICES PVT.LTD.
(PAN:AACCK5633Q)
(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
|
|
| 314 |
|
|
NARAYAN S.A.
|
|
|
|
KOTAK SECURITIES LTD.
PAN:AAACK3436F
(Member : BSE/NSE)
|
|
|
KOTAK SECURITIES LTD.
PAN:AAACK3436F
(Member : OTC)
|
|
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
|
| 315 |
|
|
NARAYAN S.A.
|
|
|
|
KOTAK SECURITIES LTD.
PAN:AAACK3436F
(Member : BSE/NSE)
|
|
|
KOTAK SECURITIES LTD.
PAN:AAACK3436F
(Member : OTC)
|
|
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
|
| 316 |
|
|
NAVJEEVAN EQUITY BROKING PVT.LTD.
(PAN:AACCG2788C)
(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
|
|
| 317 |
|
|
NAYAN M VALA SECURITIES PVT.LTD.
(PAN:AACCN3191Q)
(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
|
|
| 318 |
|
|
NCJ SHARE & STOCK BROKERS LTD.
(PAN:AABCN3702G)
(Member : BSE)
|
|
|
ALLEGED INDULGENCE IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH CIRCULAR TRANSACTIONS IN SCRIP OF G.G.AUTOMOTIVE GEARS LTD.
ALLEGED FAILURE IN MAINTENANCE OF INTEGRITY, PROMPTITUDE & FAIRNESS, NOT EXERCISING DUE SKILL, CARE & DILIGENCE, INDULGED IN MANIPULATIVE ACTIVITIES AND NOT COMPLYING WITH STATUTORY REQUIREMENTS VIOLATING REGULATION 7 READ WITH CLAUSES A(1) TO A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF G.G.AUTOMOTIVE GEARS LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
14-FEB-2012
|
|
| 319 |
|
|
NDA SECURITIES LTD.
(Member : BSE/OTC/NSE)
|
|
|
ALLEGED INDULGENCE IN IRREGULAR TRANSACTIONS IN VARIOUS SCRIPS
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),A(3) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
30-JAN-2008
|
|
| 320 |
|
|
NILESH DOSHI
|
|
|
|
ACCORD CAPITAL MARKETS LTD.
PAN:AACCA5695G
(Member : NSE)
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH MATCHED AND SYNCHRONIZED TRANSACTIONS IN SCRIP OF DSQ SOFTWARE LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-SEP-2007 TO 16-SEP-2008
27-AUG-2007
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.4,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY NOT TO BUY/SELL/ DEAL IN SECURITIES/ SPECIFIED SCRIPS DIRECTLY/INDIRECTLY) FROM 17-SEP-2007 TO 16-SEP-2008
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARY FOR DEBARMENT OF PROMOTERS FROM BEING PROMOTERS/DIRECTORS OF INTERMEDIARIES REGISTERED WITH SEBI) FROM 17-SEP-2007 TO 16-SEP-2008
29-JUN-2011
|
SEBI’S ORDER DATED 27/08/2007 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.4,00,00,000.00 TOWARDS SETTLEMENT CHARGES AND TO VOLUNTARY DEBARMENT FROM BUYING,SELLING OR OTHERWISE DEALING IN SECURITIES MARKET FOR A PERIOD OF ONE YEAR FROM DATE OF CONSENT ORDER AND VOLUNTARY DEBARMENT OF PROMOTERS FROM BEING PROMOTERS/DIRECTORS OF INTERMEDIARIES REGISTERED WITH SEBI DURING THE SAID PERIOD OF DEBARMENT OF ONE YEAR,AS PER CONSENT ORDER DATED 29/06/2011
SAT: SAT VIDE IT’S ORDER DATED 13/09/2010 SET ASIDE SEBI’S ORDER DATED 27/08/2007 AND REMITTED CASE BACK TO SEBI TO CONCLUDE ENQUIRY PROCEEDINGS AND PASS FINAL ORDER BEFORE END OF MARCH 2011 WITH NO ORDER AS TO COSTS
|
| 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 16 of 27
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