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 : 04-NOV-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: SUSPENDED REGISTRATION AS STOCK BROKER

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

221

AYYAPPAN INVESTMENTS (MADRAS) PVT.LTD.

(Member : OTC)

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

222

AZAD KUMAR RASTOGI,M/S

(Member : UPSE)

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AZAD KUMAR RASTOGI

DID NOT PAY FEES TO SEBI

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

29-OCT-2009

223

B S B FINANCIAL SERVICES PVT.LTD.

(Member : ICSE)

DID NOT PAY FEES TO SEBI

SHOW CAUSE NOTICE ISSUED

SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-FEB-2010 TILL REGISTRATION FEE DEPOSITED

09-NOV-2009

SEBI VIDE ORDER DATED 03/02/2010, SUSPENDED CERTIFICATE OF REGISTRATION TILL THE TIME OUTSTANDING REGISTRATION FEE IS FULLY PAID

224

B.C.PATEL

(Member : SKSE)

BALAKRISHNA C.PARSANA

DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION

SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-MAY-2003 TO 15-NOV-2003

16-MAY-2003

225

B.D.LEASING & FINANCE LTD.

(Member : ICSE)

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

226

B.K.KHULLAR & CO.

(Member : DSE)

ACTED IN CONCERT WITH OTHER BROKERS, PROMOTERS AND ASSOCIATED ENTITIES OF THE COMPANY TO CREATE ARTIFICIAL PRICE RISE IMMEDIATELY PRIOR TO THE OPENING OF PUBLIC-CUM-RIGHTS ISSUE OF MEFCOM CAPITAL MARKETS LTD.

SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-JAN-2006 TO 17-FEB-2006

29-DEC-2005

227

B.L.SEAL,M/S

(Member : CSE)

B.L.SEAL

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

228

B.M.CAPITAL SERVICES PVT.LTD.

(Member : OTC)

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

229

B.M.GANDHI SECURITIES PVT.LTD.

(PAN:AABCB3557B)

(Member : BSE)

ACTED IN CONCERT WITH SUB-BROKERS/CLIENTS/INTER-CONNECTED ENTITIES TO CREATE ARTIFICIAL MARKET BY EXECUTING ARRANGEMENT DEALS IN SCRIP OF MALVICA ENGINEERING LTD.

SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-FEB-2006 TO 14-APR-2006

25-JAN-2006

SAT: APPEAL ALLOWED AND IMPUGNED ORDER SET ASIDE

230

B.M.GANDHI SECURITIES PVT.LTD.

(PAN:AABCB3557B)

(Member : BSE)

INDULGED IN CREATION OF ARTIFICIAL MARKET IN SCRIP OF MALVICA ENGINEERING LTD.

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

SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-JAN-2007 TO 16-MAR-2007

27-DEC-2006

SAT: IMPUGNED ORDER SET ASIDE AND APPEAL ALLOWED WITH NO ORDER AS TO COSTS

231

B.M.GEORGE & CO.

(Member : COCSE)

BEENA MARY GEORGE

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-MAR-2007 TO 06-SEP-2007

07-MAR-2007

232

B.N.CHATURVEDI,M/S

(Member : CSE)

B.N.CHATURVEDI

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

233

B.N.KAKKAR & CO.

(Member : UPSE)

B.N.KAKKAR

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS

SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-JAN-1999 TO 18-MAR-1999

15-JAN-1999

234

B.R.RAVINDRANATH,M/S

(Member : BGSE)

B.R.RAVINDRANATH

DID NOT PAY FEES TO SEBI

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

29-OCT-2009

235

B.SHANKAR,M/S

(Member : MDSE)

B.SHANKAR

DID NOT PAY FEES TO SEBI

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

10-AUG-2009

236

B.TAPURIA,M/S

(Member : BHSE)

BIJAY K.TAPURIA

DID NOT ISSUE CONTRACT NOTES

DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS

DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE

DID NOT MAKE PAYMENTS TO CLIENTS IN TIME

DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT

DEALT WITH UN-REGISTERED SUB-BROKERS

DID NOT REDRESS INVESTOR COMPLAINTS

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-AUG-1998 TO 03-NOV-1998

21-JUL-1998

237

BABA BHOOTNATH TRADE & COMMERCE PVT.LTD.

(Member : BSE/NSE)

DID NOT MAKE PROPER DISCLOSURE AND MADE MIS-STATEMENTS OF RELATED PARTIES IN PROSPECTUS

DIRECTED NOT TO UNDERTAKE ANY PROPRIETARY TRADES IN SECURITIES

SUSPENDED REGISTRATION AS STOCK BROKER FROM 21-JAN-2014 TO 04-FEB-2014

28-DEC-2011

SEBI VIDE ITS ORDER DATED 11/05/2012 CONFIRMED DIRECTIONS ISSUED VIDE ITS ORDER DATED 28/12/2011

SAT: APPEAL ALLOWED TO BE WITHDRAWN WITH NO ORDER AS TO COSTS

SEBI VIDE ITS ORDER DATED 31/12/2013 SUSPENDED THE CERTIFICATE OF REGISTRATION OF THE NOTICEE FOR A PERIOD OF 15 DAYS. FURTHER ON AND FROM THE DATE OF THIS ORDER, DIRECTIONS ISSUED VIDE ITERIM ORDER DATED 28/12/2011 READ WITH CONFIRMATORY ORDER DATED 11/05/2012 WOULD NOT CONTINUE FURTHER

238

BABU LAL AGRAWAL,M/S

(Member : JSE)

BABU LAL AGRAWAL

DID NOT PAY FEES TO SEBI

SUSPENDED REGISTRATION AS STOCK BROKER FROM 29-DEC-2009 TO 28-JUN-2010

SUSPENDED REGISTRATION AS SUB-BROKER FROM 29-DEC-2009 TO 28-JUN-2010

07-DEC-2009

239