| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 361 |
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Depository Participants : CDSL/NSDL,Member : NCDEX/BSE/MCX/NSE)
|
|
|
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
REPORTED INCORRECT MARGIN TRADING FUNDING (MTF) COLLATERALS TO STOCK EXCHANGES
TRANSFERRED SECURITIES OF CREDIT BALANCE CLIENTS TO CLIENT’S UNPAID SECURITIES ACCOUNT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DEFAULTED IN MAINTENANCE OF BANK BOOK
DID NOT REDRESS INVESTOR COMPLAINTS
|
IMPOSED PENALTY RS.7,00,000
30-JAN-2025
|
|
| 362 |
|
|
MOTILAL OSWAL FINANCIAL SERVICES LTD.
(PAN:AAECM2876P)
(Member : NSE/MSEI/BSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.17,00,000
28-FEB-2020
|
|
| 363 |
|
|
MOTISONS COMMODITIES PVT.LTD.
(PAN:AADCM7184M)
(Member : MCX/NCDEX)
|
|
|
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
DID NOT DEDUCT ADVANCES GIVEN RS.5.53 CRORES WHICH WAS OVERDUE FOR MORE THAN THREE MONTHS IN CALCULATION OF NET WORTH DATED 31/03/2022
ENGAGED IN BUSINESS OTHER THAN SECURITIES
|
IMPOSED PENALTY RS.4,00,000
31-DEC-2024
|
|
| 364 |
|
|
MOTISONS COMMODITIES PVT.LTD.
(PAN:AADCM7184M)
(Member : MCX/NCDEX)
|
|
|
DID NOT DEDUCT ADVANCE OF RS.5.53 CRORE WHICH WAS OVERDUE FOR MORE THAN THREE MONTHS WHILE CALCULATING NET WORTH
ENGAGED IN BUSINESS OTHER THAN SECURITIES
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 14-MAY-2025 TO 28-MAY-2025
14-MAY-2025
|
|
| 365 |
|
|
MOTISONS SHARES PVT.LTD.
(PAN:AAECM3530C)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DISCREPANCIES IN STOCK RECONCILIATION
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT UNDERTAKE REPORTING AND TAGGING OF BANK ACCOUNTS
SHORT COLLECTION OF MARGINS FROM CLIENTS
|
DIRECTED NOT TO TAKE NEW CLIENTS AS STOCK BROKER FROM 23-FEB-2026 TO 22-MAR-2026
23-FEB-2026
|
|
| 366 |
|
|
MOTISONS SHARES PVT.LTD.
(PAN:AAECM3530C)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN DAILY RECONCILIATION STATEMENT
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
PASSED PENALTY TO CLIENTS ON SHORT/NON-COLLECTION AND/OR REPORTING OF UPFRONT MARGINS
DID NOT RECORD TRADE DETAILS OF BSE CURRENCY DERIVATIVES SEGMENT
DID NOT KEEP EVIDENCE IN RESPECT OF ORDER PLACED BY CLIENTS
MADE INCORRECT REPORTING WITH RESPECT TO MULTIPLE HEADS OF WEEKLY SUBMISSION
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DID NOT UNDERTAKE REPORTING AND TAGGING OF BANK ACCOUNTS
ENGAGED IN BUSINESS OTHER THAN SECURITIES OR COMMODITY DERIVATIVES INVOLVING PERSONAL FINANCIAL LIABILITY
|
IMPOSED PENALTY RS.12,00,000
12-AUG-2025
|
|
| 367 |
|
|
MUKESH JAIN & CO.
(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
|
|
| 368 |
|
|
MUKESH SAWHNEY & CO.
(Member : DSE)
|
|
|
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT REDRESS INVESTOR COMPLAINTS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 369 |
|
|
MULTIPLEX CAPITAL LTD.
(PAN:AAACM1761B)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 370 |
|
|
MUNJAL LEASING LTD.
(Member : NSE)
|
|
|
|
SANJAY MUNJAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
SUBMITTED WRONG INFORMATION TO SEBI
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUN-2004 TO 30-DEC-2004
09-JUN-2004
|
|
| 371 |
|
|
N.K.TIWARY,M/S
(Member : CSE)
|
|
|
|
N.K.TIWARY
|
|
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
CONTRACT NOTES NOT SIGNED BY AUTHORISED REPRESENTATIVES
DEALT WITH UN-REGISTERED SUB-BROKERS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 12-JUN-2006 TO 11-JUL-2006
22-MAY-2006
|
|
| 372 |
|
|
NAM SECURITIES LTD.
(Member : NSE)
|
|
|
|
ASHWANI GOYAL
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID INTER-CLIENT ADJUSTMENT OF BALANCES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
30-OCT-2003
|
|
| 373 |
|
|
NARAYAN SECURITIES LTD.
(PAN:AAACN2728F)
(Depository Participants : CDSL,Member : MSEI)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
IMPOSED PENALTY RS.50,00,000
21-OCT-2020
|
SEBI VIDE ITS NOTICE DATED 27/08/2021 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
SEBI VIDE ITS ORDER DATED 03/09/2021 DIRECTED ALL THE BANKS TO REMIT ENTIRE AMOUNT TO THE EXTENT LYING IN THE BANK AND TERM DEPOSIT ACCOUNTS OF NARAYAN SECURITIES LTD. TO SEBI BY WAY OF EFT/NEFT/RTGS
SAT: SAT VIDE ITS ORDER DATED 12/08/2021 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
SAT: SAT VIDE ITS ORDER DATED 01/09/2021 ALLOWED THE APPLICATION AND RECALLED THE ORDER DATED 12/08/2021
SAT: SAT VIDE ITS ORDER DATED 22/09/2021 DIRECTED APPELLANT TO DEPOSIT ENTIRE AMOUNT WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 18/10/2021 DIRECTED TO FILE APPROPRIATE AMENDED MEMO OF APPEAL ALONG WITH ALL ANNEXURES ETC. WITHIN TWO WEEKS FROM DATE OF THIS ORDER
SAT: SAT VIDE ITS ORDER DATED 16/11/2021 CONDONED DELAY IN FILING OF APPEAL AND ALLOWED APPLICATION
SAT: SAT VIDE ITS ORDER DATED 06/01/2026 MENTIONED IN ITS ORDER THAT REVIEW APPLICATION WILL BE DISPOSED OF WITHIN FOUR WEEKS FROM DATE OF THIS ORDER AS PER SUBMISSION OF ADVOCATE FOR NSEIL
|
| 374 |
|
|
NAVIA MARKETS LTD.
(Member : NSE)
|
|
|
|
S.TIRUPATHY
|
|
|
V.MURALI GOVIND
|
|
DID NOT COLLECT MARGINS FROM CLIENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT TRANSFER DIVIDEND TO CLIENTS ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
|
IMPOSED PENALTY RS.25,000
31-DEC-2004
|
|
| 375 |
|
|
NEELAM BHATIA & CO.
(Member : LSE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
24-JUN-2009
|
|
| 376 |
|
|
NIKHIL KUMAR DHIRAJLAL SHAH
(Member : ASE)
|
|
|
DID NOT OBTAIN PRIOR PERMISSION FROM SEBI PERTAINING TO CHANGE IN STATUS AND CONSTITUTION OF FIRM/COMPANY
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 30-JUL-2001 TO 29-SEP-2001
24-JUL-2001
|
|
| 377 |
|
|
NINE STAR BROKING PVT.LTD.
(PAN:AADCN3788J)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN OWN FUNDS AND CLIENTS FUNDS & SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT ISSUE STATEMENT OF PLEDGING TO CLIENTS SECURITIES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
MISMATCHED CLIENTS EMAIL IDS AND/OR MOBILE NUMBERS
DISCREPANCIES IN CLIENT REGISTRATION PROCESS (KYC, KRA AND CKYCR PROCESS)
DISCREPANCIES IN NETWORTH REPORTED TO STOCK EXCHANGE
DELAY IN UPLOADING KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
ENTERED INCORRECT PAN DETAIL OF SECOND HOLDER IN CDAS
DID NOT MAKE DISCLOSURE OF NINE TERMINALS TO STOCK EXCHANGES AS BRANCH OFFICE/SUB-BROKERS OFFICE/AP OFFICE
|
IMPOSED PENALTY RS.8,00,000
23-SEP-2020
|
|
| 378 |
|
|
NIRMAL BANG SECURITIES PVT.LTD.
(PAN:AAACN7369L)
(Member : NSE/BSE)
|
|
|
DID NOT MAINTAIN/KEEP EVIDENCE OF PLACEMENT OF TRADE ORDERS OF CLIENTS BY AUTHORIZED PERSONS
DID NOT DISPLAY MANDATORY INFORMATION, NOTICES COMPLAINT REGISTER
|
IMPOSED PENALTY RS.2,00,000
30-SEP-2024
|
|
| 379 |
|
|
NIRMAL BANG SECURITIES PVT.LTD.
(PAN:AAACN7369L)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.30,00,000
28-FEB-2020
|
|
| 380 |
|
|
NIRMAN SHARE BROKERS PVT.LTD.
(PAN:AABCN3007C)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.3,00,000
03-MAR-2020
|
|
| 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 19 of 30
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