| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 381 |
|
NIRUPAMBEN PATEL,M/S
(Member : MPSE)
|
|
|
|
NIRUPAMA B.PATEL
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
SUBMITTED WRONG INFORMATION TO SEBI
LEASED MEMBERSHIP CARD OF THE EXCHANGE
DID NOT ADHERE TO BASE MINIMUM CAPITAL REQUIREMENT
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 07-JAN-1999 TO 06-JUL-1999
05-JAN-1999
|
|
| 382 |
|
|
NNM SECURITIES PVT.LTD.
(PAN:AAACN8070G)
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
USED CLIENT FUNDS FOR PROPRIETARY MTM PAY-IN OBLIGATION IN F&O SEGMENT
DID NOT FOLLOW NORMS FOR NOMENCLATURE OF ACCOUNTS
DID NOT PERFORM PERIODIC RECONCILIATION OF BACK OFFICE HOLDINGS OF CLIENT’S SECURITIES WITH ACTUAL STOCKS LYING IN DP ACCOUNTS
DID NOT MAINTAIN STOCK MISMATCH ALERT
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT FETCH KYC DETAILS FROM KRA
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
MAPPED SINGLE EMAIL ID AND MOBILE NUMBER FOR MULTIPLE CLIENTS
DID NOT CLOSE EXCHANGE LEVEL ALERTS
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS AT THE OFFICE NOT FOUND
DISPLAY BOARD OF AUTHORISED PERSON WITH ADDRESS OUTSIDE FLAT AT THE ADDRESS REGISTERED WITH EXCHANGE NOT FOUND
PROVIDED EXPOSURE TO CLIENTS EVEN BEFORE CHEQUES GOT CLEARED
MADE INCORRECT REPORTING OF TRADING OF DEMAT ACCOUNTS TO STOCK EXCHANGE
DID NOT UPDATE NAME OF COMPLIANCE OFFICER IN STOCK EXCHANGE RECORD
DELAY IN COMPLIANCE OF CYBER SECURITY AND CYBER RESILIENCE
FORGED AND BACK-DATED HOLDING STATEMENTS, FORGED AND MANUFACTURED ARTIFICIAL LEDGER STATEMENTS, HOLDING STATEMENTS PURPORTEDLY SIGNED IN 2021 BEFORE IT WAS EVEN PRINTED IN OCTOBER 2022
DID NOT ISSUE CONTRACT NOTES
MISMATCHIN LIST OF TERMINALS IN EXCHANGE RECORDS AND/OR MISMATCH IN LOGIN IDS
|
IMPOSED PENALTY RS.20,00,000
22-FEB-2024
|
SAT: SAT VIDE ITS ORDER DATED 07/03/2024 CONDONED THE DELAY IN FILING OF APPEAL. ALLOWED RESPONDENT THREE WEEKS TO FILE REPLY AND REJOINDER TO BE FILED THREE WEEKS THEREAFTER
SEBI VIDE ITS NOTICE DATED 29/04/2024 DIRECTED TO PAY RS.20,61,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 17/05/2024 CONDONED THE DELAY IN FILING OF REPLY AND GRANTED FOUR WEEKS APPELLANT TO FILE REJOINDER. IN THE MEANWHILE, STAYED THE PENALTY SUBJECT TO DEPOSIT RS.10 LAC OR MORE WITH SEBI WITHIN FOUR WEEKS FROM DATE OF THIS ORDER
|
| 383 |
|
|
NNM SECURITIES PVT.LTD.
(PAN:AAACN8070G)
(Depository Participants : CDSL,Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
11-SEP-2025
|
SAT: SAT VIDE ITS ORDER DATED 09/01/2026 CONDONED THE DELAY OF 26 DAYS IN FILING OF APPEAL AND ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY
|
| 384 |
|
|
NORTHEAST BROKING SERVICES LTD.
(Depository Participants : CDSL/NSDL,Member : BSE/NSE)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE SKILL, CARE, AND DILIGENCE WHILE ACCEPTING DEMAND DRAFTS FROM CLIENTS RESULTING IN MISUSE OF DEMAND DRAFTS BY EMPLOYEES
ALLEGED WRONGFUL CREDIT OF PAYMENTS RECEIVED FROM ONE CLIENT TO ANOTHER CLIENT
ALLEGED FAILURE IN ENSURING DELIVERY OF WEB LOGIN IDS AND PASSWORDS TO CLIENTS RESULTING IN NON-RECEIPT OF ELECTRONIC CONTRACT NOTES BY CLIENTS
ALLEGED FAILURE IN REPORTING TO NSE REGARDING FUNDING OF CLIENTS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.9,00,000 VIDE CONSENT ORDER)
03-FEB-2011
|
|
| 385 |
|
|
NOUVEAU SHARES & SECURITIES LTD.
(Member : NSE)
|
|
|
DEBITED CLIENT LEDGER FOR TRANSACTIONS OTHER THAN SECURITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
23-MAR-2022
|
|
| 386 |
|
|
NUVAMA WEALTH & INVESTMENT LTD.
(PAN:AABCE9421H)
(Depository Participants : CDSL/NSDL,Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
DISCREPANCIES IN MARGIN TRADING FUNDING
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
|
IMPOSED PENALTY RS.5,00,000
16-JUL-2025
|
|
| 387 |
|
|
OPTION SECURITIES PVT.LTD.
(Member : DSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
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
03-MAR-2000
|
|
| 388 |
|
|
P R B SECURITIES PVT.LTD.
(PAN:AABCP5425G)
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF SECURITIES REGISTER
DEFICIENCIES IN REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
EXECUTED TRADES WHERE BROKER HIMSELF WAS BUYER AS WELL AS SELLER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
13-JAN-2006
|
|
| 389 |
|
|
P.K.CAPITAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
|
ROOP KISHORE GUPTA
|
|
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT EXERCISE DUE SKILL AND DILIGENCE
|
IMPOSED PENALTY RS.1,00,000
03-NOV-2004
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.30,000 FROM RS.1,00,000
|
| 390 |
|
|
P.K.KHANNA & CO.
(Member : LSE)
|
|
|
DID NOT ADHERE TO SUMMONS ISSUED BY SEBI
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN CLIENT DATABASE
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT CHARGE BROKERAGE
CHARGED DIFFERENT RATES OF BROKERAGE FROM DIFFERENT CLIENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-NOV-2006 TO 12-FEB-2007
23-OCT-2006
|
|
| 391 |
|
|
P.N.BODA,M/S
(Member : SKSE)
|
|
|
|
P.N.BODA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN UNAUTHORISED FUND-BASED ACTIVITIES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-AUG-1999 TO 12-NOV-1999
06-AUG-1999
|
|
| 392 |
|
|
P.S.SECURITIES LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REFUND MONEY COLLECTED UNDER CIS
DID NOT REDRESS INVESTOR COMPLAINTS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 10-JAN-1999
10-JUN-1999
|
|
| 393 |
|
|
PACE FINANCIAL SERVICES
(Member : NSE)
|
|
|
|
ATUL GOEL
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT COLLECT MARGINS FROM CLIENTS
|
IMPOSED PENALTY RS.1,00,000
30-NOV-2004
|
|
| 394 |
|
|
PANTOMATH STOCK BROKERS PVT.LTD.
(Depository Participants : CDSL,Member : NSE/BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
MADE INCORRECT REPORTING OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE CORRECT DATA TO STOCK EXCHANGE UNDER RISK-BASED SUPERVISION
GRANTED INTER CORPORATE LOANS TO ENTITIES OTHER THAN CLIENTS
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
DID NOT UPLOAD CKYC DETAILS OF CLIENTS IN CERSAI PORTAL
REPORTED WRONG NET WORTH TO EXCHANGE
NOMINATION FORMS NOT PROPERLY FILLED
COMPLIANCE OFFICER DID NOT HAVE NISM SERIES VI-DOCE CERTIFICATION
|
IMPOSED PENALTY RS.20,00,000
21-JUN-2022
|
|
| 395 |
|
|
PARKLIGHT SECURITIES LTD.
(PAN:AABCP6609A)
(Member : ASE)
|
|
|
INDULGED IN OFF-THE-FLOOR TRANSACTIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT AGREEMENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 15-DEC-2003 TO 15-JUN-2004
24-NOV-2003
|
SAT: IMPUGNED ORDER MODIFIED TO THE EXTENT THAT BALANCE PERIOD OF SUSPENSION WAIVED
|
| 396 |
|
|
PATERSON SECURITIES PVT.LTD.
(PAN:AAACP4386P)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.2,00,000
31-OCT-2019
|
|
| 397 |
|
|
PAWAN KUMAR SULTANIA
(Member : CSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 05-MAR-1999 TO 04-MAY-1999
05-MAR-1999
|
|
| 398 |
|
|
PAWANKUMAR PARMESHWARLAL,M/S
(Member : BSE)
|
|
|
|
PAWANKUMAR PARMESHWARLAL CHOUDHARY
|
|
ACTED IN CONCERT WITH ITS CLIENTS/CLIENTS OF OTHER BROKERS TO CREATE ARTIFICIAL MARKET/PRICE RISE BY EXECUTING FICTITIOUS TRANSACTIONS IN SCRIP OF V.B.DESAI FINANCIAL SERVICES LTD.
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 26-JAN-2006 TO 25-MAY-2006
06-JAN-2006
|
SAT: IMPUGNED ORDER SET ASIDE AND CASE REMANDED TO SEBI TO ISSUE FRESH SHOW CAUSE NOTICE
|
| 399 |
|
|
PEERLESS SECURITIES LTD.
(PAN:AABCP5069Q)
(Member : NSE)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT HAVE CALL RECORDING SYSTEM FOR PREVENTION OF UNAUTHORIZED TRADING
|
IMPOSED PENALTY RS.3,00,000
29-NOV-2024
|
|
| 400 |
|
|
PHILLIPCAPITAL (INDIA) PVT.LTD.
(PAN:AABCR6382C)
(Member : BSE/NSE/MSEI/MCX)
|
|
|
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
MADE INCORRECT REPORTING OF BANK ACCOUNT BALANCES
MADE INCORRECT REPORTING OF CASH AND CASH EQUIVALENT BALANCE
|
IMPOSED PENALTY RS.2,00,000
25-JUN-2024
|
|
| 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 20 of 30
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