| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 201 |
|
S.P.RAKHECHA & CO.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-2004 TO 06-JUL-2004
17-DEC-2003
|
|
| 202 |
|
|
SALASAR STOCK BROKING LTD.
(PAN:AADCS8020Q)
(Member : NSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF ORDER MODIFICATION SLIP
DEFAULTED IN MAINTENANCE OF ORDER CONFIRMATION SLIP
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
DID NOT OBTAIN ACKNOWLEDGEMENT FROM CLIENTS
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
EXECUTED TRADES FOR CLIENTS IN SELF ACCOUNT CODE INSTEAD OF CLIENT ACCOUNT CODE
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
30-DEC-2005
|
|
| 203 |
|
|
SAM GLOBAL SECURITIES LTD.
(Member : BSE)
|
|
|
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED INSTALLATION OF TERMINALS AT UNAUTHORIZED PLACES
ALLEGED INDULGENCE IN SENDING SMS AND EMAILS OF BEARISH OUTLOOK TO CLIENTS
ALLEGED VIOLATION OF CODE OF CONDUCT FOR STOCK BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
22-DEC-2008
|
|
| 204 |
|
|
SAM GLOBAL SECURITIES LTD.
(Member : BSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE AND DILIGENCE WHILE DEALING IN SECURITIES MARKET
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN REDRESSAL OF INVESTOR GRIEVANCE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.7,50,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
31-JUL-2009
|
|
| 205 |
|
|
SAMCO SECURITIES LTD.
(CIN:U67120MH2004PLC146183
PAN:AAICS2455A)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
EXECUTED UNAUTHORISED TRANSACTIONS IN CLIENTS’ ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT RECONCILE FUNDS LYING IN SUSPENSE ACCOUNT
MADE INCORRECT RETENTION STATEMENT
DID NOT CAPTURE LIVE PHOTOGRAPH OF CLIENTS
|
IMPOSED PENALTY RS.7,00,000
31-AUG-2023
|
SEBI VIDE ITS NOTICE DATED 22/11/2023 DIRECTED TO PAY RS.7,22,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED APPELLANT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 12/03/2024 CONDONED THE DELAY IN FILING OF APPEAL AND ALLOWED APPELLANT ADDITIONAL THREE WEEKS TO FILE REJOINDER
|
| 206 |
|
|
SAMINDRA RATILAL SHAH,M/S
(Member : ASE)
|
|
|
|
SAMINDRA RATILAL SHAH
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)
02-SEP-2009
|
|
| 207 |
|
|
SAMKIT SHARE & STOCK BROKERS PVT.LTD.
(Member : ASE)
|
|
|
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEPOSITED CLIENT FUNDS INTO GENERAL ACCOUNT
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED CROSS DEALS AMONG CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-MAY-2003 TO 31-OCT-2003
10-APR-2003
|
SAT: IMPUGNED ORDER MODIFIED FROM PERIOD OF SUSPENSION OF 6 MONTHS TO SIMPLE WARNING, NO ORDER AS TO COSTS
|
| 208 |
|
|
SANJAY BANSAL,M/S
(Member : GSE,Sub-Broker of ISE SECURITIES & SERVICES LTD., Member : NSE)
|
|
|
|
SANJAY BANSAL
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
PLACED TWO NSE TERMINALS AT DISPOSAL OF SUNILKUMAR KAYAN & CO. MEMBER OF CALCUTTA STOCK EXCHANGE AND HAD THEREBY AIDED AND ABETTED HIM IN HIS ILLEGAL ACTIVITIES
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 09-DEC-2003 TILL PENDING ENQUIRY
09-DEC-2003
|
|
| 209 |
|
|
SANJAY C.BAXI,M/S
(Member : BSE)
|
|
|
|
SANJAY C.BAXI
|
|
DEFAULTED IN MAINTENANCE OF MARGIN REGISTER
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-MAR-2002
|
|
| 210 |
|
|
SANJAY CAPITAL SERVICES PVT.LTD.
(Member : DSE)
|
|
|
|
O.P.GUPTA
|
|
EXECUTED PROPRIETARY TRADES IN SCRIP OF KARISHMA FLORICULTURE LTD.
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
29-MAY-2009
|
|
| 211 |
|
|
SANJAY KHEMANI,M/S
(Member : CSE)
|
|
|
|
SANJAY KHEMANI
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT COLLECT MARGINS FROM CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-JAN-2003 TO 20-JAN-2005
26-FEB-2004
|
|
| 212 |
|
|
SANJEEV B.PHUMBHRA & CO.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-JAN-2004 TO 04-JUL-2004
15-DEC-2003
|
|
| 213 |
|
|
SHANTANU S.DHAMANKAR,M/S
(Sub-Broker of PSE SECURITIES LTD., Member : BSE/NSE,Member : PSE)
|
|
|
|
SHANTANU S.DHAMANKAR
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
|
IMPOSED PENALTY RS.2,00,000
30-MAR-2007
|
|
| 214 |
|
|
SHARE INDIA SECURITIES LTD.
(PAN:AAACF6462E)
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.5,00,000
26-AUG-2011
|
SAT: SAT VIDE ITS ORDER DATED 09/01/2012 SET ASIDE AND MATTER REMANDED TO BOARD FOR FRESH CONSIDERATION AFTER ISSUING A SHOW CAUSE NOTICE
|
| 215 |
|
|
SHASHIKANT M.DAMANI,M/S
(Member : BSE)
|
|
|
|
SHASHIKANT M.DAMANI
|
|
DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED NEGOTIATED DEALS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT AGREEMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-OCT-2004 TO 31-DEC-2004
10-SEP-2004
|
|
| 216 |
|
|
SHASWAT STOCK BROKERS PVT.LTD.
(CIN:U36939GJ1997PTC032767)
(Member : ASE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
DID NOT FURNISH INFORMATION, RETURN ETC. TO SEBI
INDULGED IN OFF-MARKET TRANSACTIONS
|
IMPOSED PENALTY RS.12,00,000
15-NOV-2019
|
SAT: SAT VIDE ITS ORDER DATED 20/05/2021 ALLOWED APPELLANT THREE WEEKS FURTHER TIME TO FILE REJOINDER
SAT:SAT VIDE ITS ORDER DATED 28/09/2021 ALLOWED APPELLANTS THREE WEEKS TIME TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 22/02/2022 ALLOWED RESPONDENT TO FILE REPLY WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 29/06/2022 DISMISSED THE APPEAL. NO COSTS
SEBI VIDE ITS NOTICE DATED 24/07/2023 DIRECTED TO PAY RS.17,41,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 28/08/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6950 OF 2023 DATED 24/07/2023
|
| 217 |
|
|
SHILPA STOCK BROKER PVT.LTD.
(PAN:AAECS9799R)
(Member : BSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ACTED IN CONCERT WITH THEIR SUB-BROKER/CLIENTS TO CREATE ARTIFICIAL MARKET/PRICE RISE IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-JAN-2006 TO 18-FEB-2006
30-DEC-2005
|
|
| 218 |
|
|
SHIVAM STOCK BROKING PVT.LTD.
(PAN:AAECS6632B)
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 03-SEP-2003 TO 02-SEP-2004
13-AUG-2003
|
|
| 219 |
|
|
SHREE HARIVANSHA SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-APR-2004 TO 01-OCT-2004
12-MAR-2004
|
SAT: PERIOD OF PENALTY REDUCED FROM 6 MONTHS TO 4 MONTHS APPEAL DISPOSED OFF WITHOUT COSTS
|
| 220 |
|
|
SHREE RAM & CO.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT ROUTE CLIENT'S MONEY THROUGH SEPARATE BANK ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-1998
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 11 of 13
|
