| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 321 |
|
M.TIBREWAL & CO.
(Member : CSE)
|
|
|
DEFAULTED IN MAINTENANCE OF RECORD OF PLACEMENT OF ORDERS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JUL-2006 TO 21-JUL-2006
16-JUN-2006
|
|
| 322 |
|
|
MAANIBHADRA COMMODITIES
(PAN:AAMFM0047P)
(Member : MCX/NMCE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.2,00,000
29-AUG-2019
|
|
| 323 |
|
|
MACO SECURITIES PVT.LTD.
(Member : BGSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
LENT SHARES BELONGING TO CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
12-SEP-2001
|
|
| 324 |
|
|
MAHESH KOTHARI SHARES & STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DEALT WITH UN-REGISTERED SUB-BROKERS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 325 |
|
|
MAHIPAT RAICHAND SHAH,M/S
(Member : ASE)
|
|
|
|
MAHIPAT RAICHAND SHAH
|
|
DEFAULTED IN MAINTENANCE OF MARGIN REGISTER
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
SUBMITTED WRONG INFORMATION TO SEBI
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
EXECUTED FICTITIOUS TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 06-AUG-2001 TO 05-OCT-2001
03-AUG-2001
|
|
| 326 |
|
|
MAKBAN FINANCE PVT.LTD.
(Member : LSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
22-OCT-1999
|
|
| 327 |
|
|
MALAY INVESTMENT & FINANCIAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 10-OCT-2006 TO 24-OCT-2006
19-SEP-2006
|
|
| 328 |
|
|
MALIRAM MAKHARIA FINSTOCK PVT.LTD.
(PAN:AACCM1102E)
(Member : BSE)
|
|
|
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
FAILED TO PAY DIVIDENDS TO SHAREHOLDERS
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.2,00,000
05-SEP-2007
|
|
| 329 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 330 |
|
|
MANGAL KESHAV SECURITIES LTD.
(PAN:AAECM6524C)
(Member : BSE)
|
|
|
DID NOT SETTLE SECURITIES OF CLIENTS VIOLATING SEBI CIRCULAR NO.MIRSD/SE/CIR-19/2009 DATED 03/12/2009
|
IMPOSED PENALTY RS.1,00,000
31-JUL-2018
|
|
| 331 |
|
|
MANSI SHARE & STOCK ADVISORS PVT.LTD.
(PAN:AADCM6645D)
(Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DELAY IN SETTLING OF CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CALL RECORDING AND DID NOT HAVE FACILITY FOR PRE TRADE AUTHORIZATION
WRONG REPORTING OF STOCK HOLDING TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF CLIENT FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.10,00,000
30-JAN-2023
|
SAT: SAT VIDE ITS ORDER DATED 29/04/2024 ALLOWED TWO WEEKS TO FILE COMPILATION OF AUTHORIZES AND BRIEF NOTE
|
| 332 |
|
|
MANSI SHARE & STOCK ADVISORS PVT.LTD.
(PAN:AADCM6645D)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
MISUTILIZED CLIENTS FUNDS FOR DEBIT OBLIGATION OF OWN/OTHER CLIENTS
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT MAINTAIN CORRECT RECORDS OF CLIENTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
DID NOT UPLOAD KYC DATA WITH CKYCR
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DID NOT UPLOAD PLEDGED SHARES OF CLIENTS AS PER ENHANCED SUPERVISION REQUIREMENT
DID NOT REPORT CORRECT DATA WITH RESPECT TO COLLATERAL DEPOSITED WITH CLEARING CORPORATION
OPERATED NEAT AND CTCL TERMINALS WITHOUT VALID NISM CERTIFICATION IN F&O SEGMENT
|
IMPOSED PENALTY RS.13,00,000
30-JUL-2020
|
|
| 333 |
|
|
MANTRI FINSTOCK LTD.
(Member : BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
31-MAR-2000
|
|
| 334 |
|
|
MANUBHAI MANGALDAS SECURITIES PVT.LTD.
(PAN:AAACM8035G)
(Member : NSE/BSE/MSEI)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING REGULATIONS 9, 21(1) AND (4) READ WITH CLAUSES A(1),A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
27-FEB-2019
|
|
| 335 |
|
|
MARFATIA STOCK BROKING PVT.LTD.
(PAN:AADCM6730B)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN ADEQUATE SYSTEMS FOR RECORDING OF ORDER PLACEMENT BY CLIENTS
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9(F) OF SEBI (STOCK BROKERS) REGULATIONS, 1992 IN MATTER OF SECUR CREDENTIALS LTD.
|
IMPOSED PENALTY RS.3,00,000
03-SEP-2025
|
|
| 336 |
|
|
MARFATIA STOCK BROKING PVT.LTD.
(PAN:AADCM6730B)
(Member : BSE/NSE)
|
|
|
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.2,00,000
18-MAR-2024
|
|
| 337 |
|
|
MARWADI SHARES & FINANCE LTD.
(CIN:U65910GJ1992PLC017544
PAN:AABCM5192K)
(Member : BSE/NSE/OTC/SKSE)
|
|
|
DID NOT MAINTAIN RECORDS OF SUSPICIOUS TRANSACTIONS
|
IMPOSED PENALTY RS.25,000
28-FEB-2011
|
SAT: APPEAL FAILED AND DISMISSED WITH NO ORDER AS TO COSTS
|
| 338 |
|
|
MARWADI SHARES & FINANCE LTD.
(CIN:U65910GJ1992PLC017544
PAN:AABCM5192K)
(Member : BSE/NSE)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
IMPOSED PENALTY RS.2,00,000
03-APR-2025
|
SAT: SAT VIDE ITS ORDER DATED 30/07/2025 GRANTED THREE WEEKS TO FILE REJOINDER
|
| 339 |
|
|
MARWADI SHARES & FINANCE LTD.
(CIN:U65910GJ1992PLC017544
PAN:AABCM5192K)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN INTEGRITY, PROMPTITUDE & FAIRNESS, DID NOT EXERCISE DUE SKILL, CARE & DILIGENCE AND DID NOT ADHERE TO STATUTORY REQUIREMENTS VIOLATING CLAUSES A(1), A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 7 OF SEBI (STOCK BROKERS) REGULATIONS, 1992
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
|
IMPOSED PENALTY RS.8,00,000
30-JUL-2019
|
|
| 340 |
|
|
MATHRAN SECURITIES LTD.
(Member : CSE)
|
|
|
|
ATAMARAM MATHRAN
|
|
INDULGED IN OFF-MARKET TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 19-JUN-2003 TO 18-OCT-2003
29-MAY-2003
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 17 of 30
|
