| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 261 |
|
JCM CAPITAL SERVICES LTD.
(Member : DSE)
|
|
|
|
DINESH GUPTA
|
|
DID NOT MAINTAIN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-JUL-2007 TO 12-JUL-2007
15-JUN-2007
|
|
| 262 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE)
|
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT MAINTAIN CLIENT DATABASE
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT ISSUE CONTRACT NOTES IN SPECIFIED FORMAT
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
FAILED TO PAY DIVIDENDS TO SHAREHOLDERS
|
IMPOSED PENALTY RS.3,00,000
24-DEC-2010
|
|
| 263 |
|
|
JHP SECURITIES PVT.LTD.
(PAN:AAACJ2847H)
(Member : BSE/NSE)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DELAY IN SUBMISSION OF DATA DESPITE SEVERAL REMINDERS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE ADEQUATE SYSTEMS IN PLACE FOR RISK MANAGEMENT, PREVENTION OF THIRD PARTY RECEIPTS AND TO CHECK MULTIPLE TRADE TRANSFERS
DID NOT HAVE ADEQUATE SYSTEM IN PLACE TO CHECK RECEIPT OF THIRD PARTY CHEQUES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
ALLOWED CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
DID NOT TAKE ANY CORRECTIVE STEPS REGARDING OBSERVATIONS OF THE INTERNAL AUDIT REPORT
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
|
PROHIBITED FROM ACCEPTING FRESH/NEW CLIENTS FROM 12-AUG-2021 TO 11-NOV-2021
12-AUG-2021
|
|
| 264 |
|
|
JMP SECURITIES PVT.LTD.
(PAN:AAACJ8850C)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.2,00,000
15-MAR-2018
|
|
| 265 |
|
|
JMP SECURITIES PVT.LTD.
(PAN:AAACJ8850C)
(Member : BSE)
|
|
|
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
ALLEGED FAILURE IN COLLECTION OF ADEQUATE MARGIN
DID NOT REFUND MONEY COLLECTED UNDER CIS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED MISUTILISATION OF CLIENTS FUNDS
ALLEGED DELAY IN DELIVERY OF SECURITIES WITHIN STIPULATED TIME
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLEGED DISCREPANCIES IN MAINTENANCE OF CLIENT REGISTRATION FORMS & CLIENT AGREEMENT
ALLEGED FAILURE IN ENTERING INTO SEPARATE AGREEMENTS WITH JOBBERS
ALLEGED FAILURE IN EXECUTING AGREEMENTS ON STAMP PAPER
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.8,50,000 VIDE CONSENT ORDER)
28-JUL-2010
|
|
| 266 |
|
|
JRK STOCK BROKING PVT.LTD.
(PAN:AABCJ8648K)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN CALL RECORDINGS/PROOF OF CLIENTS PLACING ORDERS THROUGH TELEPHONES
AUTHORISED PERSONS DID NOT HAVE NISM CERTIFICATION
DID NOT FIND TRADING TERMINALS OF THE AUTHORIZED PERSONS AT THE LOCATIONS AS REPORTED TO THE STOCK EXCHANGE
MAPPED MOBILE NUMBERS/EMAIL IDS TO THEIR CLIENTS EVEN THOUGH THOSE CLIENTS DID NOT FALL UNDER THE CATEGORY OF FAMILY
|
IMPOSED PENALTY RS.1,00,000
20-MAY-2025
|
|
| 267 |
|
|
JUNJHARJI INVESTMENT PVT.LTD.
(PAN:AAACJ8174F)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DISCREPANCIES IN STOCK RECONCILIATION
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT MAKE DISCLOSURE OF INVESTOR COMPLAINTS AND DID NOT PUBLISH INVESTOR CHARTER ON ITS WEBSITE
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
|
PROHIBITED FROM TAKING ANY NEW ASSIGNMENT AS A STOCK BROKER FROM 30-JUN-2025 TO 29-JUL-2025
30-JUN-2025
|
|
| 268 |
|
|
JUNJHARJI INVESTMENT PVT.LTD.
(PAN:AAACJ8174F)
(Member : NSE)
|
|
|
MISUTILIZED CLIENTS FUNDS TOWARDS MARGIN OBLIGATIONS OF DEBIT BALANCE OF CLIENTS AND PROPRIETARY MARGIN OBLIGATIONS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT PUBLISH INVESTOR CHARTER OR DISCLOSED COMPLAINT DETAILS AT OFFICE PREMISES
|
IMPOSED PENALTY RS.6,00,000
04-FEB-2025
|
|
| 269 |
|
|
JYOTI JAIN INVESTMENT & FINANCE CO.PVT.LTD.
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
23-JAN-2008
|
|
| 270 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Member : ASE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 17-DEC-2001 TO 16-FEB-2002
19-DEC-2001
|
|
| 271 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE/BSE)
|
|
|
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED INDULGENCE IN TRANSACTIONS INVOLVING RECEIPT AND PAYMENT IN CASH
ALLEGED ALLOWING CLIENTS TO TRADE IN SPITE OF DEBIT BALANCE
ALLEGED FAILURE IN ISSUANCE OF CONTRACT NOTES
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED PROVIDING TRADING TERMINALS TO SUB-BROKERS NOT REGISTERED AS AUTHORISED PERSON
ALLEGED PROVIDING TRADING TERMINALS TO ITS CLIENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED MISLEADING INVESTORS BY INDULGING INTO FRAUDULENT PRACTICES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,00,000 VIDE CONSENT ORDER)
27-APR-2012
|
|
| 272 |
|
|
K & A SECURITIES PVT.LTD.
(PAN:AAACK1251G)
(Member : NSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF SECURITIES REGISTER
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT FILE FIRST INFORMATION REPORT IN RESPECT OF STOLEN/FAKE/FORGED SHARES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-JAN-2002
|
|
| 273 |
|
|
K.A.GUNDERIA & CO.
(PAN:AABPG6334J)
(Member : BSE/MCX)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
|
IMPOSED PENALTY RS.10,00,000
22-MAY-2018
|
SEBI VIDE ITS NOTICE DATED 20/08/2019 DIRECTED ALL THE BANKS AND MUTUAL FUNDS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS 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 04/10/2019 DISMISSED APPEAL AND MISC.APPLICATION.NO COSTS
SEBI VIDE ITS ORDER DATED 11/10/2019 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 20/08/2019
|
| 274 |
|
|
K.PRASAD & CO.
(Member : CSE)
|
|
|
ALLEGED DELAY IN MAKING PAYMENT TO CLIENTS
ALLEGED FAILURE IN SEGREGATING CLIENTS FUNDS AND SECURITIES
ALLEGED INDULGENCE IN REGISTRATION OF CLIENTS WITHOUT ANY VERIFICATION OF THE ANTECEDENTS OR WITHOUT A INTRODUCER
ALLEGED INDULGENCE IN MAINTAINING UNACKNOWLEDGED (BY CLIENTS) DUPLICATE COPIES OF CONTRACT NOTES
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.2,50,000 VIDE CONSENT ORDER)
16-AUG-2010
|
|
| 275 |
|
|
K.SURESH PRABHU,M/S
(Member : BGSE)
|
|
|
|
K.SURESH PRABHU
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-OCT-2006 TO 03-NOV-2006
29-SEP-2006
|
|
| 276 |
|
|
KAILASH NARAYAN BHANGDIA,M/S
(Member : NSE)
|
|
|
|
KAILASH NARAYAN BHANGDIA
|
|
DIFFERENCES IN SIGNATURES OF AUTHORISED REPRESENTATIVE ON CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
TRANSFERRED SECURITIES FROM POOL ACCOUNT TO ITS BENEFICIARY ACCOUNT WITHOUT OBTAINING WRITTEN CONSENT OF CLIENTS
TRANSFERRED FUNDS FROM BROKER'S ACCOUNT TO CLIENTS' ACCOUNT AND VICE VERSA FOR ARRANGEMENT OF FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-FEB-2006 TO 24-MAR-2006
02-FEB-2006
|
|
| 277 |
|
|
KALYANBHAI MAYABHAI STOCK BROKERS PVT.LTD.
(Member : ASE)
|
|
|
FAILED TO CHANGE MINIMUM SUBSCRIPTION
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
05-JAN-1999
|
|
| 278 |
|
|
KAMLESH JAIN & CO.
(Member : LSE)
|
|
|
|
KAMLESH JAIN
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
|
IMPOSED PENALTY RS.40,000
02-NOV-2004
|
|
| 279 |
|
|
KANDOI SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED NEGOTIATED DEALS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 16-SEP-2003 TO 15-SEP-2004
26-AUG-2003
|
|
| 280 |
|
|
KANTILAL CHHAGANLAL SECURITIES PVT.LTD.
(PAN:AABCK3372R)
(Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
02-FEB-2000
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 14 of 30
|
