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 : 30-NOV-2007 TO 27-FEB-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: REACHED SETTLEMENT (CONSENT ORDER)

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

BASAN EQUITY BROKING LTD.

(PAN:AADCB2796E)

(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

BEST BULL STOCK TRADING PVT.LTD.

(PAN:AACCB7733N)

(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

BHAIJEE PORTFOLIO LTD.

(CIN:U65999UP2006PLC042719
PAN:AACCB9390H)

(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

BHANSALI VALUE CREATIONS PVT.LTD.

(PAN:AAECB3879K)

(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

BHAVESH R.MEHTA

(Sub-Broker of SKSE SECURITIES LTD., Member : BSE, SHREE NAVKAR INVESTMENTS, Member : NSE)

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BHAVESH R.MEHTA,M/S

(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE, SHREE NAVKAR INVESTMENTS, Member : NSE)

ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT

ALLEGED FAILURE IN PROVIDING INFORMATION/COOPERATION WITH PROCEEDINGS

ALLEGED DEALING AS AN UNREGISTERED INTERMEDIARY ON F&O SEGMENT

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)

27-APR-2010

BHAVESH R.MEHTA,M/S

(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE/NSE, SHREE NAVKAR INVESTMENTS, Member : NSE)

BHAVESH R.MEHTA

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)

27-APR-2010

BIMAL PAREKH

ROSY BLUE SECURITIES PVT.LTD.

PAN:AAACR4082Q

(Member : NSE)

DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS ON BEHALF OF CLIENTS IN SCRIP OF DCM SHRIRAM CONSOLIDATED LTD.

SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-NOV-2008 TO 25-NOV-2008

21-OCT-2008

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000 VIDE CONSENT ORDER)

15-JUN-2009

SAT: IMPUGNED ORDER DATED 21/10/2008 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.10,00,000 AS PER CONSENT ORDER. ORDER STANDS MODIFIED ACCORDINGLY. NO ORDER AS TO COSTS

BONAFIDE STOCK & CAPITAL PVT.LTD.

(Member : ASE,Sub-Broker of ASE CAPITAL MARKETS LTD., Member : BSE/NSE)

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED DISCREPANCIES IN MAINTAINING ORDER BOOKS

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)

30-OCT-2009

BONANZA PORTFOLIO LTD.

(CIN:U65991DL1993PLC052280
PAN:AAACB0764B)

(Member : NSE)

S.P.GOEL

ACTED IN CONCERT WITH BROKERS/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE THROUGH STRUCTURED DEALS/MATCHING BUY AND SELL ORDERS/REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF RADAAN MEDIAWORKS INDIA LTD.

ATTEMPTED TO INDUCE PUBLIC TO DEAL BY CREATING MISLEADING APPEARANCE OF TRADING IN THE SCRIP OF RADAAN MEDIAWORKS INDIA LTD.

DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER

IMPOSED PENALTY RS.10,00,000

17-MAY-2006

REACHED SETTLEMENT (SETTLEMENT CHARGES RS.14,75,000, LEGAL EXPENSES RS.75,000 VIDE CONSENT ORDER)

14-DEC-2009

SAT: AO ORDER DATED 17/05/2006 DISPOSED OFF. AS APPLICANT AGREED TO DEPOSIT RS.15,50,000 AS PER CONSENT ORDER. NO ORDER AS TO COSTS

BP EQUITIES PVT.LTD.

(PAN:AAACB4602L)

(Member : BSE)

ALLEGED FAILURE IN MAINTAINING INTEGRITY, PROMPTITUDE AND FAIRNESS AND DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE VIOLATING REGULATION 7 READ WITH CLAUSES A (1) AND A(2) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF ASIAN STAR CO.LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

20-MAY-2011

BP EQUITIES PVT.LTD.

(PAN:AAACB4602L)

(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

BRIJMOHAN SAGARMAL CAPITAL SERVICES PVT.LTD.

(Member : BSE)

ALLEGED ACTED AS BROKER AND COUNTERPARTY BROKER OF THE CLIENTS WHILE THEY WERE INDULGED IN SYNCHRONIZED TRADES ON BSE AND NSE VIOLATING CLAUSE A (2) OF CODE OF CONDUCT FOR STOCK BROKER AS SPECIFIED UNDER REGULATION 7 OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992 IN MATTER OF SHIV-VANI OIL & GAS EXPLORATION SERVICES LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.12,92,000 VIDE CONSENT ORDER)

20-FEB-2017

CAPSTOCKS & SECURITIES (INDIA) PVT.LTD.

(PAN:AABCC6234A)

(Member : BSE/NSE)

DEALT WITH UN-REGISTERED SUB-BROKERS

ALLEGED MISUTILISATION OF CLIENTS FUNDS

ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS

ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME

ALLEGED FAILURE IN MAKING PAYMENTS OF CORPORATE BENEFITS TO CLIENTS WITHIN STIPULATED TIME

ALLEGED ACCEPTANCE OF CASH TOWARDS MARGINS/PAY-INS IN EXCESS OF LIMITS PRESCRIBED BY INCOME TAX ACT

ALLEGED INDULGENCE IN IMPRUDENT RISK MANAGEMENT PRACTICES

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,25,000 VIDE CONSENT ORDER)

10-AUG-2010

CD EQUISEARCH PVT.LTD.

(Member : BSE/NSE/CSE)

ALLEGED INDULGENCE IN SYNCHRONIZED TRADES IN SCRIP OF DESIGN AUTO SYSTEMS LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)

28-NOV-2008

CENTILLION CAPITAL PVT.LTD.

(PAN:AAACP3943N)

(Member : BSE/NSE)

ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE & DILIGENCE VIOLATING CLAUSE A(2) OF CODE OF CONDUCT FOR STOCK BROKERS AS SPECIFIED UNDER SCHEDULE II OF REGULATION 7 (NOW REGULATION 9(F)) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN IPO OF SRS LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,50,000 VIDE CONSENT ORDER)

20-MAR-2018

CHANDRAKANT TANNA

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

CHANDRAKANT TANNA

SAURASHTRA CAPITAL SERVICES PVT.LTD.

PAN:AABCS7785A

(Member : BSE)

SAURASHTRA CAPITAL SERVICES PVT.LTD.

PAN:AABCS7785A

(Member : NSE)

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.

CHINTAMANI SHARES & BROKING LTD.

(Member : NSE/OTC)

ALLEGED IRREGULAR TRANSACTIONS IN SCRIP OF JINDAL STAINLESS LTD.

REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000 VIDE CONSENT ORDER)

26-DEC-2007

CHOICE EQUITY BROKING PVT.LTD.

(PAN:AADCC8390B)

(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