| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 441 |
|
RAJESH JHAVERI STOCK BROKERS PVT.LTD.
(CIN:U67120GJ1995PTC024321)
(Member : ASE)
|
|
|
DEFAULTED IN MAINTENANCE OF MARGIN REGISTER
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 11-NOV-2001 TO 10-JAN-2002
22-NOV-2001
|
|
| 442 |
|
|
RAJRATHAN FINANCIAL SERVICES PVT.LTD.
(Member : UPSE)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN CONDUCT OF ITS BUSINESS AS A BROKER
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
UNDERTOOK PRINCIPAL TO PRINCIPAL TRADE
DID NOT MAINTAIN CLIENT DATABASE
DID NOT REPORT SPOT TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
IMPOSED PENALTY RS.4,00,000
10-JUN-2009
|
|
| 443 |
|
|
RAKESH DEEP INVESTMENTS
(Member : UPSE)
|
|
|
|
RAKESH KUMAR MISHRA
|
|
DID NOT PRODUCE BOOKS OF ACCOUNTS TO SEBI FOR INSPECTION
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 04-MAR-2002 TO 03-JUL-2002
27-FEB-2002
|
|
| 444 |
|
|
RAMA SECURITIES PVT.LTD.
(Member : CSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
28-APR-2006
|
|
| 445 |
|
|
RATNABALI CAPITAL MARKETS LTD.
(Member : NSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
COMMITTED IRREGULARITIES IN SHARE LENDING/BORROWING
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-FEB-2002
|
|
| 446 |
|
|
RAVI CHANDRA & CO.
(Member : BGSE)
|
|
|
|
M.S.NARAYANA MURTHY
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND GENERAL LEDGER
DEFAULTED IN MAINTENANCE OF GENERAL LEDGER
IRREGULARITIES IN REGISTRATION OF CLIENTS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT TRANSFER SECURITIES FROM POOL ACCOUNT TO CLIENTS' ACCOUNT IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 13-MAR-2003 TO 12-SEP-2003
07-MAR-2003
|
|
| 447 |
|
|
REFLECTION INVESTMENTS
(PAN:AAAFR7134G)
(Member : NSE)
|
|
|
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
IMPOSED PENALTY RS.7,00,000
20-DEC-2019
|
SEBI VIDE ITS ORDER DATED 05/07/2024 A) PROHIBITED FROM DISPOSING, TRANSFERRING, ALIENATING OR CHARGING IN RESPECT OF ALL THE IMMOVABLE AND MOVABLE PROPERTIES LISTED IN THE ORDER B) PROHIBITED FROM TAKING ANY BENEFIT UNDER SUCH DISPOSAL, TRANSFER, ALIENATION OR CHARGE IN RESPECT OF THE PROPERTIES LISTED IN ORDER C) DIRECTED TO FURNISH COMPLETE DETAILS OF ALL MOVABLE AND IMMOVABLE PROPERTIES HELD BY DEFAULTERS AND CHARGES, IF ANY, ALONG WITH ORIGINAL TITLE DEEDS PERTAINING TO THE PROPERTIES, WITHIN TWO WEEKS FROM DATE OF THIS ORDER AT SEBI, SOUTHERN REGIONAL OFFICE, CHENNAI D) DIRECTED INSPECTORS GENERAL OF REGISTRATION OF TAMIL NADU AND CONCERNED TEHSILDARS, DISTRICT REGISTRARS AND SUB-REGISTRARS OF THE RESPECTIVE AREAS WHERE THE PROPERTY IS LOCATED E) NOT TO ACT UPON ANY DOCUMENTS PURPORTING TO BE DEALING WITH TRANSFER, MORTGAGE, CHARGE, LEASE OR CREATION OR ALTERATION OF ANY INTEREST IN ANY OF THE PROPERTIES OWNED / HELD BY THE DEFAULTERS, INCLUDING THE SAID PROPERTY, IF PRESENTED FOR REGISTRATION
|
| 448 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : NSE)
|
|
|
DID NOT MAINTAIN ADEQUATE SYSTEMS FOR RECORDING OF ORDER PLACEMENT BY CLIENTS
DID NOT MAINTAIN PROPER SEGREGATION AND DEMARCATION AT AUTHORISED PERSONS OFFICE
DID NOT ENSURE THAT ITS AUTHORIZED PERSONS ENGAGED ONLY IN PERMITTED ACTIVITIES
DID NOT INSPECT BOOKS OF ACTIVE REGISTERED AUTHORISED PERSON AS PER APPLICABLE GUIDELINES
ENTRUSTED CTCL/DEALER TERMINALS TO ITS CLIENTS OTHER THAN APPROVED PERSONS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT REPORT CLIENTS MAPPED TO AUTHORIZED PERSONS
|
IMPOSED PENALTY RS.9,00,000
29-NOV-2024
|
|
| 449 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT PROVIDE SUFFICIENT EVIDENCE FOR CAPACITY PLANNING IN CRITICAL SYSTEMS AND PEAK LOAD CALCULATION
DID NOT PROVIDE EVIDENCE FOR THE INSTALLED CAPACITY TO BE AT LEAST 1.5 TIMES OF THE OBSERVED PEAK LOAD
DID NOT SET UP AUTOMATED ENVIRONMENT FOR SOFTWARE TESTING AND TRACEABILITY MATRIX BETWEEN SOFTWARE FUNCTIONALITIES
DID NOT PRESERVE LOGS OF KEY PARAMETERS
DID NOT ESTABLISH BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS)
DID NOT HAVE ANY SOLUTIONS IN PLACE FOR CLASSIFICATION OF DATA
DID NOT HAVE ANY DATA LEAKAGE PREVENTION SOLUTIONS IN PLACE FOR SAFEGUARDING PERSONALLY IDENTIFIABLE INFORMATION DATA
|
IMPOSED PENALTY RS.5,00,000
26-NOV-2025
|
|
| 450 |
|
|
RELIANCE SECURITIES LTD.
(PAN:AADCR0260P)
(Member : BSE/NSE/MCX/NCDEX)
|
|
|
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
REPORTED INCORRECT HOLDING OF SHARES TO STOCK EXCHANGES
WRONG REPORTING AND SHORT COLLECTION OF MARGIN
EXPOSURE TO MARGIN TRADING FUNDING EXCEEDED THE ALLOWABLE THRESHOLD
DID NOT HAVE CALL RECORDING/ORDER PLACEMENT MECHANISM AND/OR DID NOT MAINTAIN RECORDS AND/OR SUBMITTED FORGED AND FALSIFIED EVIDENCE
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
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
ENGAGED IN BUSINESS OTHER THAN SECURITIES
PASSED PENALTY ON SHORT REPORTING OF MARGIN
DISCREPANCIES IN DAILY MARGIN STATEMENT SENT TO CLIENTS
DID NOT HAVE CYBER SECURITY AND CYBER RESILIENCE
DID NOT REFUND SHORT MARGIN PENALTY COLLECTED FROM CLIENTS
DID NOT MAKE DISCLOSURE OF DATA OF INVESTOR COMPLAINTS AND THE DETAILS ABOUT ITS REDRESSAL ON WEBSITE
|
IMPOSED PENALTY RS.7,00,000
07-APR-2025
|
|
| 451 |
|
|
RELIANCE SHARE & STOCK BROKERS PVT.LTD.
(Member : BSE/NSE/CSE/VSE/BGSE/ASE/OTC)
|
|
|
|
AMITABH JHUNJHUNWALA
|
|
|
D.H.SHAH
|
|
|
R.P.MEHTA
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS AND/OR DOCUMENTS
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT ISSUE CONTRACT NOTES
DID NOT MENTION CLIENT NUMBERS ON CONTRACT NOTES
CARRIED OUT TRANSACTION IN ITS OWN NAME INSTEAD OF CLIENTS NAME
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
PAN NO. OF CLIENTS NOT APPEARING ON CONTRACT NOTES
SEBI REGISTRATION NO., TRADE NO. AND ORDER NO. NOT INDICATED ON CONTRACT NOTES
PENDING EXECUTION OF THE ORDER AS MANDATORY ACCORDING TO THE REGULATIONS 6(B) OF PFUTP
VIOLATED REGULATION 7 READ WITH CODE OF CONDUCT AS SPECIFIED IN SCHEDULE 11 OF STOCK BROKER REGULATION
EXCEEDED INTRA DAY TRADING LIMITS
DID NOT MAINTAIN RECORD OF CLIENT'S ORDER
DID NOT ACCOUNT FOR MISSING CONTRACT NOTES
DID NOT KEEP PROPER PROPORTION OF CASH & FIXED DEPOSITS FOR CAPITAL ADEQUACY
VIOLATED CODE OF CONDUCT AS PRESCRIBED UNDER STOCK BROKER REGULATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JAN-2007 TO 30-APR-2007
11-DEC-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.48,00,000, LEGAL EXPENSES RS.2,00,000 VIDE CONSENT ORDER)
07-DEC-2007
|
SAT: IMPUGNED ORDER SHALL REMAIN STAYED DURING PENDENCY OF THE APPEAL
SAT: ORDER SET ASIDE AS APPLICANT PAID RS.48,00,000 TOWARDS SETTLEMENT CHARGES AND RS.2,00,000 TOWARDS LEGAL EXPENSES AS PER CONSENT ORDER DATED 07/12/2007
|
| 452 |
|
|
RIGHT FINSTOCK PVT.LTD.
(PAN:AAACR9277R)
(Member : ASE)
|
|
|
DID NOT ISSUANCE OF CONTRACT NOTES IN TIME
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN SEPARATE CLIENT ACCOUNT
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
ACTED AS SUB-BROKER WITHOUT SEBI REGISTRATION
DID NOT PAY TURNOVER FEE
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JUN-2006 TO 30-JUN-2006
11-MAY-2006
|
|
| 453 |
|
|
RIKHAV SECURITIES LTD.
(PAN:AADCR3067Q)
(Member : NSE)
|
|
|
DISCREPANCIES IN STOCK RECONCILIATION
REPORTED INCORRECT HOLDING OF SHARES TO STOCK EXCHANGES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT PROVIDE FACILITY OF ONLINE CLOSURE OF ACCOUNTS ON ITS WEBSITE
ALLOWED TRADING OF SECURITIES IN ACCOUNTS OF MINOR
DID NOT OBTAIN STANDARDIZATION TESTING AND QUALITY CERTIFICATION (STQC) FOR OFF-THE-SHELF PRODUCTS USED BY MEMBER (TRADING APPLICATION AND BACK-OFFICE APPLICATION) FOR CORE BUSINESS FUNCTIONALITY
DID NOT FURNISH NET WORTH RELATED DATA
|
IMPOSED PENALTY RS.10,00,000
29-NOV-2024
|
|
| 454 |
|
|
RIKHAV SECURITIES LTD.
(PAN:AADCR3067Q)
(Member : BSE)
|
|
|
DISCREPANCIES IN STOCK RECONCILIATION
REPORTED INCORRECT HOLDING OF SHARES TO STOCK EXCHANGES
DID NOT SETTLE RUNNING ACCOUNTS OF ACTIVE AND/OR INACTIVE CLIENTS
INCORRECT REPORTING OF MARGIN TO STOCK EXCHANGES
DID NOT PROVIDE FACILITY OF ONLINE CLOSURE OF ACCOUNTS ON ITS WEBSITE
ALLOWED TRADING OF SECURITIES IN ACCOUNTS OF MINOR
DID NOT OBTAIN STANDARDIZATION TESTING AND QUALITY CERTIFICATION (STQC) FOR OFF-THE-SHELF PRODUCTS USED BY MEMBER (TRADING APPLICATION AND BACK-OFFICE APPLICATION) FOR CORE BUSINESS FUNCTIONALITY
DID NOT FURNISH NET WORTH RELATED DATA
|
IMPOSED PENALTY RS.10,00,000
29-NOV-2024
|
|
| 455 |
|
|
RISHABH STOCK BROKING SERVICES PVT.LTD.
(Member : NSE)
|
|
|
DEFICIENCIES IN MEMBER-CLIENT AGREEMENTS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN FUNDS LENDING/BORROWING NOT RELATED TO/CONSEQUENTIAL TO/CONNECTED TO SECURITIES MARKET
|
IMPOSED PENALTY RS.1,00,000
18-JUN-2009
|
|
| 456 |
|
|
RUDRA SHARES & STOCK BROKERS LTD.
(PAN:AADCG1458J)
(Member : NSE/MCX/NCDEX)
|
|
|
ALLOWED TERMINAL TO UNAUTHORISED USERS
DID NOT SETTLE ACCOUNTS OF CLIENTS WITHIN STIPULATED TIME
|
IMPOSED PENALTY RS.5,00,000
24-OCT-2024
|
|
| 457 |
|
|
S.B.SECURITIES PVT.LTD.
(PAN:AAECS6189B)
(Member : 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
DID NOT UPLOAD KNOW YOUR CLIENTS (KYC) DOCUMENTS TO KRA PROCESSES
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT PROVIDE VOICE RECORDING FOR TRADES
DID NOT CLOSE SURVEILLANCE ALERTS WHICH WAS GENERATED BY EXCHANGE
DID NOT ISSUE CONTRACT NOTES
DID NOT HAVE VALID NCFM/NISM CERTIFICATE
|
IMPOSED PENALTY RS.19,00,000
16-MAR-2023
|
SEBI VIDE ITS NOTICE DATED 27/06/2023 DIRECTED TO PAY RS.19,77,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/07/2023 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6733 OF 2023 DATED 27/06/2023
|
| 458 |
|
|
S.B.SECURITIES PVT.LTD.
(PAN:AAECS6189B)
(Member : BSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
FUNDED CLIENTS OUTSIDE OF MARGIN TRADING FACILITY BEYOND T+2+5 DAYS
MADE INCORRECT AND/OR DID NOT REPORT ENHANCED SUPERVISION OF DATA TO STOCK EXCHANGES
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT HAVE PROOF OF ORDER ACCEPTANCE VERIFICATION
|
IMPOSED PENALTY RS.6,00,000
19-APR-2022
|
SEBI VIDE ITS NOTICE DATED 02/12/2022 DIRECTED TO PAY RS.6,55,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SEBI VIDE ITS ORDER DATED 13/12/2022 COMPLETED OF RECOVERY CERTIFICATE PAYMENT OF AMOUNT DUE UNDER CERTIFICATE NO.6077 OF 2022 DATED 02/12/2022
|
| 459 |
|
|
S.R.UPPAL & CO.
(Member : LSE)
|
|
|
DEFAULTED IN MAINTENANCE OF CHOPRI
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT AFFIX BROKER NOTE STAMPS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
MISUTILIZED EXCHANGE MECHANISM TO FINANCE DEALS
DID NOT ROUTE CLIENT'S MONEY THROUGH SEPARATE BANK ACCOUNT
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-1998
|
|
| 460 |
|
|
SAFAL CAPITAL (INDIA) LTD.
(PAN:AADCM6438L)
(Member : BSE/NSE)
|
|
|
MISUSED CLIENTS' FUNDS AND/OR SECURITIES AND/OR ACCOUNTS
MISUSED PLEDGING OF CLIENT’S SECURITIES
TRANSFERRED MONEY RECEIVED FROM CLIENTS TO CLEARING ACCOUNT INSTEAD OF TRTANSFERRING DIRECTLY TO NSE/BSE SETTLEMENT ACCOUNT
|
IMPOSED PENALTY RS.5,00,000
18-FEB-2020
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 23 of 30
|
