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 : 02-MAR-2026

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: ADVISED TO BE CAREFUL AND CAUTIOUS IN CONDUCT OF BUSINESS AS A STOCK BROKER

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

8641

Y.RAMAKRISHNA,M/S

(Member : OTC)

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Y.RAMAKRISHNA

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-MAY-2010

29-OCT-2009

8642

Y.RAVI PRASAD

M.K.SECURITIES LTD.

(Member : HSE)

INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF MARUTI ORGANICS LTD.

CANCELLED REGISTRATION AS STOCK BROKER FROM 16-JAN-2003

16-JAN-2003

8643

Y.TIRUPATHIIAHH

Y.TIRUPATHIIAHH,M/S

(Member : OTC)

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-MAY-2010

29-OCT-2009

8644

Y.TIRUPATHIIAHH,M/S

(Member : OTC)

Y.TIRUPATHIIAHH

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-MAY-2010

29-OCT-2009

8645

YACOOBALI VENTURE COMMODITY BROKING PVT.LTD.

(Member : NSEL)

NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER

SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-JUL-2023 TO 09-OCT-2023

10-JUL-2023

SAT: SAT VIDE ITS ORDER DATED 01/08/2023 STAYED EFFECT AND OPERATION OF IMPUGNED ORDER TILL FURTHER ORDERS

SAT: SAT VIDE ITS ORDER DATED 06/12/2023 CONDONED THE DELAY IN FILING OF REPLY AND REPLY AND REJOINDER TAKEN ON RECORD. EXEMPTION APPLICATIONS, IF ANY ALLOWED

SAT: SAT VIDE ITS ORDER DATED 12/12/2023 DISPOSED OF THE GROUP OF APPEALS BY DIRECTING SEBI TO CONSIDER AND COME OUT WITH A SCHEME UNDER SETTLEMENT REGULATIONS PREFERABLY WITHIN THREE MONTHS FROM DATE OF THIS ORDER. IN THE EVENT, SCHEME NOT FRAMED UNDER SETTLEMENT REGULATIONS BY SEBI THEN SAID DECISION TO BE COMMUNICATED TO ALL APPELLANTS

SAT: SAT VIDE ITS ORDER DATED 14/03/2024 ALLOWED EXTENSION OF FOUR MONTHS W.E.F.11/03/2024 FOR COMING OUT WITH A SCHEME UNDER SEBI (SETTLEMENT PROCEEDINGS) REGULATIONS, 2018 AS DIRECTED BY THIS TRIBUNAL VIDE ORDER DATED 12/12/2023

SAT: SAT VIDE ITS ORDER DATED 12/07/2024 GRANTED EXTENSION OF SIX MONTHS TO COMPLETE THE ENTIRE PROCEEDINGS AND COME OUT WITH A SCHEME UNDER THE SETTLEMENT REGULATIONS

SAT: SAT VIDE ITS ORDER DATED 12/03/2025 GRANTED EXTENSION FOR FOUR MONTHS TO COMPLY WITH ORDER DATED 12/12/2023

8646

YADA SECURITIES

(Member : HSE)

RATHNAKAR YADA

DID NOT PAY FEES TO SEBI

INITIATED ENQUIRY PROCEEDINGS

23-APR-2009

PROCEEDING INITIATED VIDE ORDER DATED 11/08/2005 DISPOSED OFF AGAINST THE BROKER OF DE-RECOGNIZED STOCK EXCHANGES, AS THE RECOGNITION GRANTED TO THE STOCK EXCHANGES MENTIONED IN THE ORDER HAVE EITHER LAPSED OR BEEN WITHDRAWN, WITHOUT PREJUDICE TO SEBI�S RIGHT TO RECOVER THE DUES FROM THE SAID BROKERS, TILL THE DATE OF SUCH DE-RECOGNITION

8647

YADAV & CO.

(Member : DSE)

INDULGED IN PRICE MANIPULATION AND CREATED FALSE MARKET IN SCRIP OF M.S.SHOES (EAST) LTD.

COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS

DID NOT PAY STAMP DUTY ON CONTRACT NOTES

DID NOT INFORM SEBI ABOUT CHANGE OF ADDRESS

SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-1998 TO 29-SEP-1998

26-JUN-1998

8648

YASH SECURITIES PVT.LTD.

(Member : OTC)

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-MAY-2010

29-OCT-2009

8649

YASHASVEE & CO.

(Member : OTC)

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-2009 TO 19-MAY-2010

29-OCT-2009

8650

YASHWANT A.THAKKAR

YASHWANT A.THAKKAR,M/S

(Member : BSE)

CREATED AN ILLUSION OF SUBSCRIPTION IN PUBLIC ISSUE OF ELVIS INDIA LTD.WHICH OTHERWISE WAS NOT FULLY SUBSCRIBED

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 11-JAN-2003 TO 10-JAN-2005

11-JAN-2003

8651

YASHWANT A.THAKKAR,M/S

(Member : BSE)

YASHWANT A.THAKKAR

CREATED AN ILLUSION OF SUBSCRIPTION IN PUBLIC ISSUE OF ELVIS INDIA LTD.WHICH OTHERWISE WAS NOT FULLY SUBSCRIBED

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 11-JAN-2003 TO 10-JAN-2005

11-JAN-2003

8652

YASHWANT N.SHAH

Y.N.SHAH,M/S

(Member : BSE)

DID NOT ADHERE TO SEBI (COLLECTIVE INVESTMENT SCHEMES) REGULATION, 1992

CANCELLED REGISTRATION AS STOCK BROKER FROM 24-JUL-2002

24-JUL-2002

8653

YASHWI COMMODITIES PVT.LTD.

(PAN:AAACY2616F)

(Member : NSEL)

NOT A FIT & PROPER PERSON TO BE GRANTED REGISTRATION/TO OPERATE AS COMMODITY DERIVATIVES BROKER

SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-AUG-2023 TO 13-NOV-2023

14-AUG-2023

8654

YASHWI SECURITIES PVT.LTD.

(PAN:AAACY2134J)

(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

8655

YATIN D.SHAH

YATIN D.SHAH,M/S

(Member : PSE)

DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.

INVOLVED IN CREATION OF FALSE MARKET, CIRCULAR TRADING AND PRICE MANIPULATION IN SCRIP OF HOME TRADE LTD.

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-DEC-2007 TO 19-JUN-2009

29-NOV-2007

8656

YATIN D.SHAH

YATIN D.SHAH,M/S

(Member : PSE)

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-SEP-2009 TO 01-MAR-2010

10-AUG-2009

PROCEEDINGS AGAINST BROKER DROPPED AS REGISTRATION FEE HAS BEEN PAID SUBSEQUENTLY, AS PER ORDER DATED 10/08/2009

8657

YATIN D.SHAH,M/S

(Member : PSE)

YATIN D.SHAH

SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-DEC-2007 TO 19-JUN-2009

29-NOV-2007

8658