| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 181 |
|
MURARI LAL GOENKA,M/S
(Member : CSE)
|
|
|
|
MURARI LAL GOENKA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF RICHFIELD FINANCIAL SERVICE LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF RICHFIELD FINANCIAL SERVICES LTD.
|
IMPOSED PENALTY RS.2,00,000
14-MAY-2009
|
|
| 182 |
|
|
N.M.LOHIA & CO.
(Member : CSE)
|
|
|
|
N.M.LOHIA
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF RICHFIELD FINANCIAL SERVICE LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF RICHFIELD FINANCIAL SERVICES LTD.
|
IMPOSED PENALTY RS.6,00,000
14-MAY-2009
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS.
SAT: APPEAL DISMISSED WITH NO ORDER AS TO COSTS
INCLUDED IN SEBI LIST DATED 30/09/2012, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 183 |
|
|
NAM SECURITIES LTD.
(Member : NSE)
|
|
|
|
ASHWANI GOYAL
|
|
IRREGULARITIES IN TRADE IN SCRIP OF EIDER INFOTECH LTD. WHICH RESULTED IN STEEP INCREASE IN PRICE OF SCRIP
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-SEP-2004 TO 08-MAR-2005
19-AUG-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PERIOD OF SUSPENSION FROM 6 MONTHS TO 2 WORKING DAYS OF MARKET
|
| 184 |
|
|
NAMAN SECURITIES & FINANCE PVT.LTD.
(PAN:AAACN1917G)
(Member : BSE/NSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED AND REVERSAL OF TRADE TRANSACTIONS IN SCRIP OF ADANI EXPORTS LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF ADANI EXPORTS LTD.
|
IMPOSED PENALTY RS.1,50,000
18-JUN-2009
|
|
| 185 |
|
|
NARAYAN SECURITIES LTD.
(PAN:AAACN2728F)
(Member : NSE)
|
|
|
|
ASHVIN SARAF
|
|
|
NARAYAN SARAF
|
|
|
RAMESH SARAF
|
|
DID NOT EXERCISE DUE SKILL AND DILIGENCE IN MATTER OF VATSA MUSIC LTD.
INDULGED IN CREATION OF FALSE MARKET AND PRICE MANIPULATION IN SCRIP OF VATSA MUSIC LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-FEB-2009 TO 02-MAR-2009
13-JAN-2009
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 186 |
|
|
NARENDRA SHANKERLAL TANNA,M/S
(Member : SKSE,Sub-Broker of SKSE SECURITIES LTD., Member : BSE)
|
|
|
|
NARENDRA SHANKERLAL TANNA
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE EXECUTING TRANSACTIONS IN SCRIP OF DATABASE FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2009
|
|
| 187 |
|
|
NH SECURITIES LTD.
(PAN:AAACS7140Q)
(Member : BSE/NSE)
|
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 21-JUN-2001 TILL PENDING ENQURY
21-JUN-2001
|
|
| 188 |
|
|
NIRMAL BANG SECURITIES PVT.LTD.
(PAN:AAACN7369L)
(Member : BSE)
|
|
|
|
DILIP M.BANG
|
|
|
KISHORE M.BANG
|
|
|
NIRMAL BANG
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
DEBARRED FROM UNDERTAKING FRESH BUSINESS AS STOCK BROKER FROM 04-JUN-2001 TILL FURTHER ORDER
04-JUN-2001
|
SAT: OPERATION OF ORDER CANCELLING REGISTRATION GRANTED TO APPELLANTS STAYED FOR 10 WEEKS AND RESPONDENT WILL FILE REPLY WITHIN 3 WEEKS FROM DATE OF ORDER
SAT: PART OF ORDER I.E.CANCELLING CERTIFICATE OF REGISTRATION OF BANG SECURITIES PVT.LTD. SET ASIDE AND APPEAL DISPOSED OF
|
| 189 |
|
|
NITIN BHANSILAL CHOKSHI,M/S
(Member : ASE)
|
|
|
|
NITIN BHANSILAL CHOKSHI
|
|
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE IN MATTER OF SAWACA BUSINESS MACHINES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-NOV-2004 TO 09-MAY-2005
19-OCT-2004
|
|
| 190 |
|
|
NORTHEAST BROKING SERVICES LTD.
(PAN:AABCN0344C)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE, AND DILIGENCE WHILE ACCEPTING DEMAND DRAFTS FROM CLIENTS RESULTING IN MISUSE OF DEMAND DRAFTS BY EMPLOYEES
ALLEGED WRONGFUL CREDIT OF PAYMENTS RECEIVED FROM ONE CLIENT TO ANOTHER CLIENT
ALLEGED FAILURE IN ENSURING DELIVERY OF WEB LOGIN IDS AND PASSWORDS TO CLIENTS RESULTING IN NON-RECEIPT OF ELECTRONIC CONTRACT NOTES BY CLIENTS
ALLEGED FAILURE IN REPORTING TO NSE REGARDING FUNDING OF CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.9,00,000 VIDE CONSENT ORDER)
03-FEB-2011
|
|
| 191 |
|
|
NOVEL SECURITIES PVT.LTD.
(PAN:AABCN1824H)
(Member : NSE)
|
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
16-DEC-2005
|
|
| 192 |
|
|
OM PRAKASH ARORA,M/S
(Member : LSE)
|
|
|
|
OM PRAKASH ARORA
|
|
DID NOT MAINTAIN HIGH STANDARDS OF INTEGRITY AND FAIRNESS IN CONDUCT OF BUSINESS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-MAY-2000 TO 14-NOV-2000
09-MAY-2000
|
|
| 193 |
|
|
P SURYAKANT SHARE & STOCK BROKERS PVT.LTD.
(PAN:AACCP3112F)
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF OASIS MEDIA MATRIX LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
21-AUG-2009
|
|
| 194 |
|
|
P SURYAKANT SHARE & STOCK BROKERS PVT.LTD.
(PAN:AACCP3112F)
(Member : BSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE OVER TRADES EXECUTED BY SUB-BROKER IN MATTER OF DESIGN AUTO SYSTEMS LTD.
ALLEGED ACTIVATION OF SUB-BROKER TERMINALS BEFORE GETTING SEBI REGISTRATION
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 195 |
|
|
P.K.AGARWAL & CO.
(Member : CSE)
|
|
|
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION THROUGH SYNCHRONIZED TRANSACTIONS IN SCRIP OF CYBER FAMILY.COM LTD.
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SCRIP OF CYBER FAMILY.COM LTD.
|
IMPOSED PENALTY RS.5,00,000
17-JUN-2009
|
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
SEBI VIDE ITS NOTICE DATED 28/07/2022 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUNDS FOLIOS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S. HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SAT: SAT VIDE ITS ORDER DATED 29/09/2022 DIRECTED TO FILE FORMAL APPLICATION FOR CONDONATION OF DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 03/11/2022 DISMISSED THE APPEAL. NO COSTS
SEBI VIDE ITS NOTICE DATED 30/11/2022 ALLOWED THE APPEAL AND DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS INCLUDING LOCKERS, DEMAT ACCOUNTS AND MUTUAL FUND FOLIOS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 28/07/2022
SEBI VIDE ITS ORDER DATED 30/11/2022 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.4991 OF 2022 DATED 29/06/2022
|
| 196 |
|
|
P.K.CAPITAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
|
ROOP KISHORE GUPTA
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
03-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.30,000 FROM RS.1,00,000
|
| 197 |
|
|
P.R.SHAH SHARE & STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
|
CHETAN SETH
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF GREENFIELD TRADING & FINANCE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-MAR-2007
|
|
| 198 |
|
|
PALS OVERSEAS PVT.LTD.
(Member : BSE)
|
|
|
AIDED AND ABETTED AND ACTED IN CONCERT WITH RELATED CLIENTS IN CREATING ARTIFICIAL MARKET IN SCRIP OF ROOFIT INDUSTRIES LTD.
DID NOT EXERCISE DUE CARE AND DILIGENCE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-AUG-2007 TO 20-DEC-2007
31-JUL-2007
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 199 |
|
|
PARK LIGHT INVESTMENT PVT.LTD.
(Member : BSE)
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WHILE DEALING WITH CLIENTS IN SCRIP OF CONTINENTAL CONTROLS LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JUN-2007
|
|
| 200 |
|
|
PATANI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
|
AMISH D.PATANI
|
|
|
MUKESH C.PATANI
|
|
ASSISTED ITS CLIENT IN MANIPULATION OF THE PRICE OF SCRIP OF VAKRANGEE SOFTWARES LTD.
MISUSED CIRCUIT FILTER MECHANISM OF BOMBAY STOCK EXCHANGE IN THE CASE OF VAKRANGEE SOFTWARES LTD.
DID NOT EXERCISE DUE DILIGENCE AND CARE IN MATTER OF VAKRANGEE SOFTWARES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 09-SEP-2004 TO 08-MAR-2005
19-AUG-2004
|
|
| 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 10 of 16
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